LNG Drives Australia’s Northern Territory To Record Exports
Australia’s Northern Territory recorded its highest levels of international trade in the year to 2019, reaching $8.1 billion with a 111.5% increase on the previous year, according to government figures. The result was mainly due to recent exports from INPEX’s Ichthys LNG project in Darwin, according to the Australian Petroleum Production and Exploration Association (APPEA).
Exxon Mobil Puts Australian Bass Strait Oil, Gas Assets Up For Sale
Exxon Mobil Corp. said on Sept. 18 it was looking to sell its 50% stake in the Gippsland Basin oil and gas development in Australia's Bass Strait as part of a broader review of its global portfolio of assets.
Papua New Guinea Opposition Leader Urges Prime Minister To Back Total Gas Deal
Papua New Guinea's opposition leader, Patrick Pruaitch, on Aug. 30 pressed the nation's prime minister to back a gas deal with France's Total SA rather than seek changes and delay a $13 billion expansion of the country's gas exports.
Santos First-Half Profit Soars On Higher Output, Quadrant Buy
Australia's No. 2 independent gas producer Santos Ltd on Thursday posted a 89% jump in half-year profit, boosted by its acquisition of Quadrant Energy and strong output from its Cooper Basin fields in South Australia.
Shell Enters Australia Power Industry With $419 Million Bid For ERM Power
The deal would instantly give Shell a power supplier with almost a quarter share of the commercial and industrial retail market in Australia, second only to Origin Energy in that space. It will also get two gas-fired power stations.
Woodside Petroleum’s Profit Falls On Pluto LNG Production Delay
Australia's largest oil and gas company, Woodside Petroleum, on Aug. 15 posted a smaller half-year profit and cut its interim dividend, mainly due to extended maintenance period at its Pluto LNG facility, which led to production delays.
Chevron Starts Burying CO2 Off Australia At Huge Gorgon Storage Project
Chevron Corp. said on Aug. 8 it has launched one of the world's largest carbon capture and storage projects, injecting CO2 into a deep reservoir under an island off Western Australia at its Gorgon LNG project.
Inpex Says Australia's Ichthys LNG Project Running At 80% Of Full Capacity
Japan's biggest oil and gas explorer Inpex Corp. said on Aug. 8 its Ichthys liquefied natural gas (LNG) project in Australia is running at around 80% of full capacity, with 24 cargos being shipped in April-June despite a 15-20-day maintenance in May.
A&D Transactions From The Week Of Aug. 7, 2019
Here’s a snapshot of energy deals from the past week including Occidental’s $1.5 billion Permian Basin JV and a $700 million dropdown deal from Diamondback Energy.
Papua New Guinea Signals Backing Of Total LNG Deal
Papua New Guinea signaled on Aug. 4 it was backing a previously agreed liquefied natural gas (LNG) deal with French oil major Total SA PA, although it said that some terms still needed negotiating.