Environmental Group Seeks to Halt Woodside’s $5.7 Billion Gas Project
The Australian Conservation Foundation commenced proceedings in the Federal Court of Australia against Woodside Energy’s Scarborough gas project due to its projected impact on the Great Barrier Reef.
BP Buys into Australian Wind, Solar, Hydrogen Mega-project
BP is buying a stake in the Asian Renewable Hub in Australia, a project that will develop up to 26 gigawatts of wind and solar capacity.
Europe’s Dash for Gas Puts Australia’s LNG Import Plans at Risk
European users are grabbing floating storage and regasification units needed to convert LNG to gas, leaving little left for Australian import projects that aim to fill an expected gas supply gap from 2024.
Shell Resumes Shipping LNG from Prelude after Four-month Shutdown
The four-month shutdown was just the latest setback that Shell’s Prelude FLNG facility off northwest Australia has faced since its delayed start-up in 2019.
Bryan Sheffield Backs Australia’s Falcon Oil & Gas with $10 Million Investment
Through a $10 million private placement in Falcon Oil & Gas, Bryan Sheffield gains exposure to the company’s 1 million net acres in what he says “may become one of the biggest shale plays in the world.”
Santos Confirms Oil Discovery Offshore Western Australia
Santos CEO Kevin Gallagher described the Pavo-1 discovery as a “great result” that could add further material value to the project through a potential low-cost tie-back to the proposed Dorado development plan.
Energy A&D Transactions from the Week of March 16, 2022
Here’s a snapshot of recent energy deals including the Petro-Hunt’s acquisition of Delaware Basin assets from Admiral Permian Resources.
Energy A&D Transactions from the Week of March 2, 2022
Here’s a snapshot of recent energy deals including a $1.3 billion acquisition in the D-J Basin by PDC Energy and Chevron’s $3 billion clean energy bet.
ConocoPhillips Acquires Additional Interest in Australia Pacific LNG for $1.6 Billion
ConocoPhillips’ Australian subsidiary now owns a 47.5% interest in Australia Pacific LNG, with Origin Energy and Sinopec owning 27.5% and 25% interests, respectively.
Santos Cautious on Alaska, Australia Oil Projects
The caution on its growth projects came despite CEO Kevin Gallagher saying the world needs more oil and gas.