News

Gorgon, Wheatstone to drive Chevron growth

US Major Chevron says its Australian natural gas developments and a large queue of major capital projects around the world will position the company for future growth.

Rialto, Carnarvon get new partner for NWS permit

RIALTO Energy has entered into an agreement with private company Jacka Resources to farm-out a 20% interest in WA-399-P, which lies in the Exmouth Sub-basin on Western Australia’s North West Shelf.

Shell progresses Prelude FLNG plans

SHELL has taken the next step for its Prelude floating liquefied natural gas development off Western Australia, signing two contracts with the Technip and Samsung Heavy Industries consortium.

Woollybutt resumes production

Italian Eni-operated Woollybutt field has recommenced production after a 10-month hiatus.

Qld govt offers $10M to skill workers for CSG-LNG industry

THE Australian Petroleum Production Exploration Association has welcomed the Queensland government’s $10 million flagship training program, saying it would help kick off new careers in the burgeoning coal seam gas-to-liquefied natural gas industry.

PetroChina joins Shell in $3.3bn bid for Arrow Energy

OIL giants Shell and PetroChina have made a combined $3.3 billion bid for Queensland coal seam gas producer Arrow Energy as consolidation in Gladstone’s burgeoning export liquefied natural gas industry steps up.

Month in Petroleum: February 2010

THE first signs of collaboration in the coal seam gas-to-liquefied natural gas sector and the start-up of the Van Gogh oil field were two of the major events in February this year.

Gas swaps a possibility in WA

COMPANIES developing onshore unconventional gas projects may be able to discharge their obligations under the Western Australia government’s proposed gas reservation allocation.

Mitsui to ferry PNG and Gorgon gas

Japanese shipping outfit Mitsui OSK Lines has signed long-term charters for two of its liquefied natural gas carriers with PNG LNG project in Papua New guinea, and will build a further four LNG vessels under separate deals with PNG LNG and the Gorgon venture off Australia.

PNG LNG firms up final customer

EXXONMOBIL’S PNG LNG liquefied natural gas project in Papua New Guinea is now on the last lap of its race towards financial close with the signing of the final sales and purchase agreement with Taiwan’s CPC Corporation.

Helium gives a lift to NT gas balloon

The $49 million BOC helium plant - an Australian first - at Wickham Point opens this morning

GE ups Gorgon order book to $1.2B

GE Oil & Gas has won a new contract to supply Chevron’s Gorgon project with power generation and subsea equipment, bringing the company’s order book for the project to over $US1.1 billion ($A1.2 billion).

Australian Oil, LNG Production to Increase Next Year

Australian oil output may rise 6 percent next fiscal year and liquefied natural gas exports may climb 4 percent, boosted by new projects led by BHP Billiton Ltd. and Woodside Petroleum Ltd., a government forecaster said.

Australian gas potential clear: report

GEOSCIENCE Australia and the Australian Bureau of Agricultural and Resource Economics have compiled for the first time a comprehensive report on Australia’s identified and potential energy resources.

Pyrenees starts pumping

BHP Billiton has brought its Pyrenees oil development offshore Western Australia into production ahead of schedule.

Woodside Still in LNG Talks With PetroChina, CEO Says

Woodside Petroleum Ltd. remains in talks to sell PetroChina Co. liquefied natural gas from the $30 billion Browse project off Australia, after an initial supply agreement lapsed, Chief Executive Officer Don Voelte said.

APLNG to sell gas to BG

THERE is finally some collaboration on the coal seam gas-to-liquefied natural gas scene with the Australia Pacific LNG joint venture agreeing to sell gas to BG’s Queensland Curtis LNG.

More strikes could impact Pluto timetable: Woodside

WOODSIDE Petroleum has flagged that while its Pluto LNG project remains on track for first liquefied natural gas in early 2011, more strikes by Pluto workers could pose a risk to the timetable.

Origin & Conoco in Australia gas jv with BG Group

Australia's Origin Energy and its partner, U.S. oil major ConocoPhillips (COP.N), have teamed up with Britain's BG Group in Australia's booming coal-seam gas sector, where consolidation pressures are building.

More gas on the cards for Oil Search

OIL Search plans to focus 2010 exploration efforts on finding more gas to underpin liquefied natural gas expansion in Papua New Guinea and expects to resolve the remaining issues for PNG LNG this quarter.