Post Tagged with: "australia"

Source: Gazprom. LNG Tanker

Western Australia’s Government will Sequester 15% of Production from Woodside LNG JV

Industry groups say the reservation policy adds unnecessary burdens on the project

Western Australia’s gas reservation policy has been applied to the Woodside Energy-led (ticker: WPL) Browse floating liquefied natural gas (FLNG) project, . The policy was started in 2006, …

LNG Could Contribute $55 Billion to Australia’s GDP

LNG Could Contribute $55 Billion to Australia’s GDP

New research shows the LNG industry could grow Australia’s GDP by almost 3% from 2013 levels by 2020

A new report titled “Ready or Not? Creating a world-leading oil and gas industry in Australia,” found that the liquefied natural gas …

May 18, 2015 - 1:41 pm International, LNG, Oil and Gas 360 Articles
Chevron Moves Forward on Divesture Goal, Exits Australia Shareholding Venture

Chevron Moves Forward on Divesture Goal, Exits Australia Shareholding Venture

Chevron Corporation (ticker: CVX), the world’s third largest E&P by market capitalization, is selling its 50% shareholding in Caltex Australia Limited. The deal is reportedly worth about US$3.6 billion, according to the Sydney Morning Times Herald, and is the biggest …

Source: Petronas

Australia and India Look to Increase Cooperation in LNG

A memorandum of understanding signed between Woodside and Adani is set to strengthen ties in the LNG sector

Australian energy major Woodside Petroleum Ltd (ticker: WPL) and India’s infrastructure conglomerate Adani Enterprises Ltd (ticker: ADANIENT) signed a memorandum of understanding …

January 12, 2015 - 5:34 pm International, Oil and Gas 360 Articles
The State of LNG in Australia

The State of LNG in Australia

Some LNG projects in Australia in trouble

Planned Australian liquefied natural gas (LNG) export projects are at risk as sinking energy prices make investments unviable, reports Reuters. A nearly 50% slump in Asian LNG prices this year has pressured …

December 23, 2014 - 4:26 pm International, Oil and Gas 360 Articles
Australia Becomes First Developed Nation to Repeal Carbon Tax

Australia Becomes First Developed Nation to Repeal Carbon Tax

AI-CJ753_AUSCAR_G_20140717033604Australia’s Senate has voted 39-32 to repeal the carbon tax that went into effect in July 2012, the Wall Street Journal reported today. Australian voters turned against climate laws in the wake of high unemployment and rising energy costs.

“The …

July 17, 2014 - 5:33 pm Oil and Gas 360 Articles
Magellan Petroleum Centralizes Assets, Sells Australian Onshore Plays for $35 Million

Magellan Petroleum Centralizes Assets, Sells Australian Onshore Plays for $35 Million

Magellan Petroleum Corporation (ticker: MPET) is an independent oil and gas exploration and production company with assets in the United States, Australia, and the United Kingdom. The development of a CO2-enhanced oil recovery program at its Poplar Dome …

February 18, 2014 - 4:32 pm Finance, MLPs, Oil and Gas 360 Articles
Magellan Petroleum Aims to Capitalize on Australia’s Growing Natural Gas Market

Magellan Petroleum Aims to Capitalize on Australia’s Growing Natural Gas Market

Magellan Petroleum Corporation (ticker: MPET) is an independent oil and gas exploration and production company with assets in the United States, Australia, and the United Kingdom. The development of a CO2-enhanced oil recovery program at its Poplar Dome …

Samson Oil & Gas Reports Fiscal Q3'12 Results; Oil Production Increases 25% from Previous Quarter

Samson Oil & Gas (ticker: SSN) reported operational and financial results for the three month period ended March 31, 2012.

Highlights included:

  • The Australia II 12KA 6, #1-29H well in Roosevelt County, Montana, has been fracture-stimulated and is currently waiting
May 3, 2012 - 2:36 pm Oil and Gas 360 Articles