TechnipFMC has received a notice to proceed on April 26 for a significant subsea production system contract from Santos Ltd. for the Barossa project, located 300 km north of Darwin, Australia, at a water depth of approximately 130 m.
Houston-based EOG Resources agreed to pay $22.5 million, including contingent and production-linked payments, to acquire a stake in the giant Beehive oil prospect offshore Australia.
The company sees LNG demand growing 6% in 2021 and sees further strong growth among its key customers in Asia.
Exxon said the project enables the delivery of gas to southern and eastern Australian states, where a potential gas shortfall had been predicted as early as 2023.
Almost one-fifth of votes cast ahead of Woodside Petroleum’s annual meeting and 13% of votes of Santos were in favor of the resolution proposed by shareholder activist group pushing the company to get out of oil and gas.
Peter Coleman, who took the helm at Woodside Petroleum in May 2011 to steer it through two oil price crashes, had said he planned to retire in the second half of 2021.
Santos said the approval would also kickstart a $600 million investment to extend the life of the Darwin LNG plant by 20 years.
Australia has mapped out a hydrogen strategy with plans to become an exporter by 2030,
Woodside Petroleum Ltd. and its Japanese partners have shipped their first cargo of carbon offset condensate to commodity trader Trafigura from the Pluto LNG plant in Western Australia, the company said on March 15.
The plan is to create the first international supply chain for liquefied hydrogen from brown coal and the next big step will be to ship a cargo on the world's first liquefied hydrogen carrier.