Australian liquefied natural gas (LNG) exports have surged by 18.5 per cent to 59.7 million tonnes (Mt) in the 2017–18 financial year, a year-over-year (YoY) gain of 9.3Mt.
Santos has completed commissioning and start-up of the Scotia CF1 project in Queensland ahead of schedule and under budget, with initial full field production exceeding 40TJ of gas a day.
Chevron’s next expansion of the Gorgon liquefied natural gas (LNG) project offshore Western Australia’s north-west coast is expected to deliver a welcome jobs boost for the state.
Oil and gas giant Harbour Energy has announced an unsolicited all-cash offer to buy 100 per cent of Australian independent Santos for $6.50 a share, representing $13.5 billion in total.
The Reserve Bank of Australia has released research showing mining investment projections, and mining as a percentage of GDP could double in the next five years.
Perth-based Woodside Petroleum has chosen not to renew agreements to develop an LNG project at Grassy Point in British Columbia (BC), Canada, instead turning its attention to Chevron’s Kitimat LNG project, also located in BC.
Woodside has completed the first stage of a $2.5 billion equity raising announced last week to increase its ownership of the Scarborough gas field offshore Western Australia.
Woodside Petroleum has announced a $2.5 billion equity raising to provide funding to increase its stake in the Scarborough gas field offshore Western Australia by 50 per cent.
Rail operator Aurizon will withdraw an application to the Northern Australia Infrastructure Facility (NAIF) for funding to assist with a rail development in the Galilee Basin in Queensland.
Law firm Ashurst has released nine predictions for the oil and gas industry in 2018, and the results have been encouraging overall.
Woodside Petroleum’s fourth quarter report has been released, and while the company’s overall production levels did not lift by a great deal, its LNG estimates for 2018 are up significantly on 2017 actual figures.
Australian liquefied natural gas (LNG) exports hit 56.8 million tonnes (Mt) in 2017, jumping 26.3 per cent from 44.9Mt in the previous year.
Queensland’s resources sector, guided by record liquefied natural gas (LNG) exports and high demand for coal, continues to underpin the state’s economy, according to Queensland Resources Council (QRC) chief executive Ian Macfarlane.
The Department of Industry, Innovation and Science has released its quarterly Resources and Energy report, detailing a rise in the value of Australian projects thanks to iron ore and LNG exports, as well as the tech metal boom.
Beach Energy has entered into an equity deal over two prospects at the Ironbark offshore gas project in the Carnarvon Basin, Western Australia.
Caterpillar will offer its gas blending retrofit kit for the 785C mining truck in 2018.
A Western Australian Department of Mines Industry Regulation and Safety report has revealed that the state’s exports reached nearly $105 billion over the past year, an 18 per cent increase over 2015–16 figures.
Engineering and maintenance services provider EnerMech has been awarded a five-year contract for hose and hose fittings supply and services for Shell’s Prelude floating liquefied natural gas (FLNG) facility in Western Australia.
Chevron has launched production of liquefied natural gas (LNG) at the Wheatstone project in Western Australia.
The Australian Government’s Department of Industry, Innovation and Science remains steadfast in its forecast that the iron ore price will average below $US50 a tonne in 2019.