News

Exploration work to continue in PNG

OIL Search is planning to continue its exploration efforts in Papua New Guinea aimed at building gas reserves and its portfolio in the offshore Papuan Basin.

OZ LNG to dominate Japan

WITH the plethora of liquefied natural gas projects set to come onstream in the next few years, Australia could soon replace Southeast Asian countries as the top supplier of LNG to Japan.

Shell focus on Australia

WITH an entire slew of liquefied natural gas projects planned, Shell is poised to invest up to $50 billion in Australia over the next 10 years.

Inpex to start building Indonesia LNG plant in 2011

Indonesia expects Japan's Inpex Corp to start construction of a $10 billion floating liquefied natural gas (LNG) plant next year in the Timor Sea, Indonesia's energy watchdog BPMIGAS said on Thursday.

Gillard rules out support for East Timor stance on Sunrise

AUSTRALIAN Prime Minister Julia Gillard has ruled out backing East Timor’s bid to have the Sunrise liquefied natural gas project plant located on its shores in return for agreeing to host a regional centre to process asylum seekers.

Shell May Spend $50 Billion in Australia Over 10 Years Amid Shift to Gas

Business ExchangeTwitterDeliciousDiggFacebookLinkedInNewsvinePropellerYahoo! BuzzPrint Royal Dutch Shell Plc plans to spend as much as $50 billion in Australia over the next decade, more than in any other region, as Europe’s largest oil company continues a shift to gas production.

Woodside profits jumps but Pluto 2 slips

Woodside Petroleum Ltd has eclipsed expectations with a jump in first half profit but delayed a final investment decision for its $8 billion Pluto liquefied natural gas (LNG) expansion until 2011.

Woodside still in talks for third-party gas

WOODSIDE remains in discussions to secure third-party gas for the expansion of the Pluto liquefied natural gas project, and expects to complete talks by the end of this year.

Pluto expansion decision pushed back

WOODSIDE Petroleum has all but admitted that it will not meet its original end-of-2010 target for a final investment decision on the Pluto liquefied natural gas project expansion.

Chevron secures Wheatstone native title agreement

CHEVRON has signed a native title heads of agreement for land required to develop the Wheatstone liquefied natural gas project amidst talk that Shell would join the gas hub.

Gorgon could reach monstrous size

CHEVRON is confident it has enough gas for a fourth liquefied natural gas train at its $43 billion Gorgon LNG project on Barrow Island.

Month in Petroleum: July 2010 - LNG

THE future of Australia’s liquefied natural gas landscape continued to take shape in July as Chevron’s Gorgon and Wheatstone liquefied natural gas projects puffed ahead, while other LNG projects experienced varying levels of success.

Pair team up for Kimberley LNG

Australia’s Liquefied Natural Gas Limited is primed to scope the development of the Kimberley LNG project in North Western Australia after signing an agreement with compatriot Oil Basins.

Inpex in talks for stake sale of Ichthys

PROSPECTIVE buyers are interested in taking a stake in the upstream portion of Inpex’s 8.4 million tonnes per annum Ichthys liquefied natural gas project in northwestern Australia.

Chevron Australia makes gas discovery off W. Australia

Chevron Australia has made yet another natural gas discovery off Western Australia with its Brederode-1 wildcat drilled in Exmouth Plateau permit WA-364-P about 350 km northwest of the coastal town of Onslow.

Pair bags PNG FLNG study

Papua New Guinea’s state player Petromin PNG has signed a floating liquefied natural gas (FLNG) deal with a joint venture between South Korea’s Daewoo Shipbuilding & Marine Engineering and Norway’s Hoegh LNG.

Korea Gas to buy Australia's LNG

The Korea Gas Corporation (KOGAS) has signed a 20-year agreement to purchase liquefied natural gas (LNG) from the Wheatstone gas project in Western Australia.

Inpex Gas Project May Add $3.1 Billion a Year to Australian GDP

Inpex Corp., operator of the proposed Ichthys natural gas project in northern Australia, said it expects the venture to contribute A$3.5 billion ($3.1 billion) a year to the nation’s gross domestic product.

Inpex, Total release Ichthys draft EIS

INPEX and Total E&P have, as expected, released the draft environmental impact statement for their Ichthys liquefied natural gas project in northwestern Australia.

Australia Delays Decision on Santos, BG Coal-Seam Gas Projects

The Australian government delayed by three months a decision on whether to approve liquefied natural gas projects proposed by Santos Ltd. and BG Group Plc as it studies their potential impact on the environment.