Post Tagged with: "australia"

Source: Reuters

Australia shies from backing net zero by 2050 ahead of Biden climate summit

Reuters


CANBERRA – Australian Prime Minister Scott Morrison stopped short of endorsing a 2050 target for net zero greenhouse gas emissions ahead of U.S. President Joe Biden’s climate summit this week.

In a speech on Monday, he said only that …

Source: Reuters

Australia moves into top three countries for renewable investment: research

Reuters


LONDON  – Australia has moved into the three most attractive countries in the world for renewables investment for the first time due to rapid solar photovoltaic (PV) deployment, research showed on Tuesday.

In a bi-annual index of the top …

Source: Reuters

Australia state unveils $23 billion energy roadmap in renewables push

Reuters


SYDNEY  – Australia’s New South Wales (NSW) state said on Monday it would shift toward renewable energy from coal and aimed to lure A$32 billion ($23.3 billion) of private investment into the sector in the next decade.

Australia’s most …

Source: Reuters

Rio Tinto exits seen reverberating across boardrooms

Reuters


SYDNEY/LONDON  – The departure of Rio Tinto Chief Executive Jean-Sebastien Jacques over the destruction of ancient Aboriginal heritage sites in Australia has put mining executives globally on notice – ignore cultural and social issues at your peril.

Tens of …

September 11, 2020 - 9:30 am Closing Bell Story‎, ESG, International, People
Source: Reuters

Exxon weighs global job cuts after unveiling Australian lay-off

Fox Business


Exxon Mobil Corp is assessing possible worldwide job cuts, a spokesman said on Wednesday, after the company announced a voluntary lay-off program in Australia.

Exxon is the latest oil major to embark on axing jobs spurred by …

Source: Reuters

Chevron says expects to restart Train 2 of Gorgon LNG plant in early September

Reuters


SINGAPORE – Chevron Corp expects to restart Train 2 of its Gorgon liquefied natural gas (LNG) plant in Australia in early September after completing repairs, a company spokesman said on Tuesday.

Gorgon is carrying out the repair work after …

Source: Houston Chronicle

Chevron buys Australia’s Puma Energy for nearly $300 million

Houston Chronicle


U.S. energy giant Chevron will buy Australia’s Puma Energy for about $292 million to provide more fuel distribution support in the Asia-Pacific region.

Chevron, which has a large refining presence in Asia and large liquefied natural gas hubs …

An Oryx Midstream facility (source: Oryx Midstream Services)

Qatar May be Losing the Top Spot as World’s Biggest LNG Exporter

From CNBC


Qatar will lose its title as the world’s largest exporter of liquefied natural gas (LNG) within the next year, as Australia ramps up production on a slew of multi-billion dollar export projects.

“Australia and Qatar continued to jostle …

Australia Poised to Become World’s Largest LNG Exporter

Australia Poised to Become World’s Largest LNG Exporter

From The Houston Chronicle


Within the next 12 months Australia is likely to surpass Qatar as the world’s largest exporter of liquefied natural gas, the Energy Information Administration is forecasting.

Australian LNG capacity reached 11.4 billion cubic feet a day …

Source: QEP Resources

Anvil Capital Partners Provides Funding for Two Companies

By Tyler Losier, Energy Reporter, Oil & Gas 360

Vermilion Cliffs Partners gets $11 million senior secured loan facility
On Monday, Anvil Capital Partners, a private credit special situations lending firm, announced the final close of an $11 million senior

Halliburton Lands Nine Contracts for Offshore Project in West Africa

Halliburton Lands Nine Contracts for Offshore Project in West Africa

From The Houston Chronicle


Houston oilfield service company Halliburton has landed nine contracts to drill and complete a series of wells off the coast in West Africa.

Australian exploration and production company Woodside Energy awarded the contracts to Halliburton as …

Chevron Starts Burying CO2 off Australia at Huge Gorgon Storage Project

Chevron Starts Burying CO2 off Australia at Huge Gorgon Storage Project

From Reuters


Chevron Corp (CVX.N) said on Thursday 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.

The carbon …

Japan LNG Buyers Talk Tough as Spot Prices Drop to 3-Year Lows

Japan LNG Buyers Talk Tough as Spot Prices Drop to 3-Year Lows

From Reuters


An inexorable decline in spot market prices for liquefied natural gas (LNG) is pushing utilities in Japan to be more aggressive in price reviews built into traditional long-term contracts linked to oil prices, lawyers and analysts said.

The …

Source: Sundance Energy

Sundance Energy Divests ~$30 Million Worth of Texas Assets

By Tyler Losier, Energy Reporter, Oil & Gas 360

Sundance Energy sells Dimmit county assets for $29.5 Million
Sundance Energy Australia Limited (stock ticker: SNDE), along with its wholly-owned Denver-based subsidiary Sundance Energy Inc., has entered into a definitive agreement

ExxonMobil backs LNG imports to world’s biggest exporter

ExxonMobil backs LNG imports to world’s biggest exporter

From Reuters


BRISBANE (Reuters) – Imports of liquefied natural gas (LNG) to Australia – the world’s biggest LNG exporter – now appear “highly realistic” as the country struggles to fill a looming gas shortage, U.S. energy giant Exxon Mobil Corp …

The Next ‘Ferrari of Shale’ May Be Hiding in Australia’s Outback

The Next ‘Ferrari of Shale’ May Be Hiding in Australia’s Outback

From Bloomberg

In a corner of outback Australia, a drilling crew will soon try tapping shale rocks that could hold more than three times the world’s annual consumption of natural gas.

Origin Energy Ltd. plans to drill two wells later …

Norway’s Equinor aims to start oil exploration off Australia in 2020

Norway’s Equinor aims to start oil exploration off Australia in 2020

From Reuters

Norway’s Equinor SA on Tuesday said it plans to explore for oil in deep waters off the coast of South Australia in late 2020 and released a draft environmental assessment for the project to head off community protests.…

February 19, 2019 - 2:10 pm Closing Bell Story‎, Crude Oil News, Energy News
Exxon Makes FID on Australia Gas Project

Exxon Makes FID on Australia Gas Project

ExxonMobil (stock ticker: XOM) made a final investment decision to develop its West Barracouta gas field in Bass Strait. The project:

Brings new gas supplies to the Australian domestic market.
Is part of Exxon’s continuing investment in the Gippsland Basin.

December 13, 2018 - 1:58 pm Closing Bell Story‎, International, Offshore
Qatar Out as World’s Biggest LNG Exporter

Qatar Out as World’s Biggest LNG Exporter

From Reuters

Australia overtook Qatar as the world’s largest exporter of liquefied natural gas (LNG) for the first time in November, data from Refinitiv Eikon showed on Monday.

The surge in Australian exports follows the start up of a number …

December 10, 2018 - 11:49 am Closing Bell Story‎, Energy News, LNG, Natural Gas News
East Timor To Buy Shell’s Stake in Greater Sunrise Gas Fields For $300 Million

East Timor To Buy Shell’s Stake in Greater Sunrise Gas Fields For $300 Million

From Reuters

East Timor has agreed to buy Royal Dutch Shell’s stake in the Greater Sunrise natural gas fields off the northern coast of Australia for $300 million, the government and Shell Australia said on Wednesday.

The agreement for Shell’s …

November 21, 2018 - 1:02 pm Closing Bell Story‎, Energy News, Natural Gas News
5 Main Competitors to U.S. LNG Dominance

5 Main Competitors to U.S. LNG Dominance

From E&E News

The United States is rapidly increasing its exports of liquefied natural gas. But it isn’t the only nation doing so or that has plans to do so.

The addition of the Cove Point LNG plant in Maryland …

July 20, 2018 - 12:15 pm Closing Bell Story‎, Energy News, LNG
Australia Charges Former Local Bosses of Citi, Deutsche, ANZ in Cartel Case

Australia Charges Former Local Bosses of Citi, Deutsche, ANZ in Cartel Case

From Reuters

Australian authorities have charged the former local bosses of Citigroup Inc and Deutsche Bank AG with “criminal cartel offences” over a $2.3 billion stock issue, one of the country’s biggest cases of alleged white-collar crime.

The tally of …

June 5, 2018 - 12:25 pm Closing Bell Story‎, Energy News
Port Kembla Site Chosen for New South Wales LNG Import Plant

Port Kembla Site Chosen for New South Wales LNG Import Plant

Contingent of heavy industrial users awaits proposed plant’s capacity of more than 100 petajoules a year – LNG import plant could trigger new gas-fired power plant at site

From Australia Financial Review

The key Japanese backer of Andrew Forrest’s proposed

June 4, 2018 - 12:55 pm Closing Bell Story‎, International, LNG
Vermilion Energy Closes $1.4 Billion Acquisition

Vermilion Energy Closes $1.4 Billion Acquisition

Vermilion Energy Inc. (ticker: VET) closed the acquisition of Spartan Energy Corp. for a total consideration of $1.40 billion, comprised of $1.23 billion in Vermilion shares plus the assumption of approximately $175 million in debt.

Vermilion acquired all of the …

Grieve CO2 EOR Project

Elk Petroleum’s Grieve CO2 Project Starts Production

Elk Petroleum Limited (ticker: ELK) has commenced production on its Grieve CO2 EOR Project. The company said it expects initial gross oil production of 1,100-1,200 BOPD.

CEO Brad Lingo commented, “I’m exceedingly pleased to announce the start-up of oil production …

Elk Petroleum Updates Aneth Field, Grieve Project

Elk Petroleum Updates Aneth Field, Grieve Project

Australia’s Elk Petroleum Limited (ticker: ELK) recently released its half-year results and guidance update. The company reported a 44% increase in share price to A$0.095 (March 2018) – this is up from A$0.066 (June 2017). The company reported production of …

Australia is Set to Become the World’s Biggest Exporter of Natural Gas by 2019

Australia is Set to Become the World’s Biggest Exporter of Natural Gas by 2019

Australia is expected to become the world’s biggest natural gas exporter by next year as huge projects near completion.

According to the latest quarterly resources outlook from the chief economist at the federal department of industry, innovation and science, the …

January 9, 2018 - 4:13 pm Closing Bell Story‎, Energy News, LNG
Chevron Australia Pulls Plug on Bight Exploration

Chevron Australia Pulls Plug on Bight Exploration

Chevron no-go decision for offshore project was a commercial decision

Chevron Corporation’s (ticker: CVX) Australia subsidiary Chevron Australia has announced the decision to discontinue the Great Australian Bight exploration program.

Chevron Australia’s affiliates acquired two deepwater exploration blocks in the …

Samson Oil and Gas Limited – Day One Breakout Notes

Samson Oil and Gas Limited – Day One Breakout Notes

Samson Oil and Gas Limited presents at EnerCom’s The Oil & Gas Conference®

During Samson’s breakout session, management was asked the following questions:

  • Are you going to co-mingle the production on your vertical well with four laterals coming off?
  • Is
EnerCom Conference Presenter Focus: Sundance Energy Australia Ltd.

EnerCom Conference Presenter Focus: Sundance Energy Australia Ltd.

Sundance Energy Australia Ltd. (ticker: SDCJF) will be presenting at the EnerCom conference Wednesday August 17, 2016.

Headquartered in Denver, Colo., and trading on the Australian Securities Exchange since 2005, Sundance focuses on a growth strategy of acquiring high working …