Oil & Gas

Singaporean business Pavilion has committed to buy 3 million tonnes of LNG from Chevron in a deal with strict carbon reporting requirements.

Oil and gas major Woodside Petroleum has secured another long-term sale for its Scarborough LNG project with a German customer.

Impairments drove Australian petroleum company Woodside to a net loss of $US4 billion, but underlying profit was $US447 million.

The federal government's attempt to invest taxpayer money in new gas projects faces stiff opposition in parliament.

Perth-based 88 Energy has announced the resignation of its managing director while completing an oversubscribed share placement of $12 million.

Oil giant Shell will accelerate near-term and long-term plans aimed at reducing its net carbon emissions intensity to zero by 2050.

The EPA will undertake a full-scale public environmental review of Bennett Resources’ fracking proposal in the West Kimberley after reviewing more than 450 submissions.

The offshore oil and gas regulator has started a compliance action against Woodside for decommissioning issues at Enfield’s Nganhurra FPSO.

Perth-based investment group BPH Energy has raised $9 million from a share placement to increase its stake in explorer Advent Energy and fund a drilling program in NSW.

The Waitsia expansion, a gas power station in the Pilbara, and a potash project near Laverton have received ministerial approval days before the government enters caretaker mode.

Shares in Valmec soared by more than 15 per cent this morning after the diversified contractor reported solid first-half earnings and a growing order book.

The chief executives of ExxonMobil Corp and Chevron Corp reportedly held preliminary talks in early 2020 to explore combining the two largest US oil producers.

Woodside's deal to process Pluto gas through North West Shelf Venture’s Karratha Gas Plant has been given the green light by the state government.

Perth-based industrial services company Vertech Group has added to a string of acquisitions by purchasing a majority stake in APS, doubling annual turnover to more than $120 million.

A small Perth company with backers in Dubai has announced ambitious plans for a $4.1 billion project to convert gas from the Canning Basin into fertiliser and petrochemicals.

Prices have hit record highs for Woodside’s oil and gas exports, while the company has signed a hydrogen deal in Tasmania.

Prime Minister Scott Morrison has struck an agreement with major east coast gas exporters to guarantee domestic supply at competitive prices.

A Miami-based private equity firm has acquired the business developing an LNG mine fuel hub at Mt Magnet, promising a Port Hedland project next.

Woodside has doubled a supply contract for its proposed Scarborough project, following a record year for Australian production and LNG prices hitting highs.

Production has resumed at Shell’s large Prelude floating LNG platform in northern WA after being held offline for nearly a year.

Geraldton could be home to a $2.3 billion fertiliser project proposed by Strike Energy, the latest company to pursue a chemicals development in WA.

Santos has approved a $US235 million drilling program to extend the life of its Bayu-Undan field in the Timor Sea as a backfill to the Darwin LNG plant.

The state government has disclosed that nearly all gas from the onshore Waitsia project will be exported, at least for the initial six years of production.

A bushfire warning for Kwinana has been downgraded, after hundreds of local employees were earlier asked to stay home to avoid the risk of toxic fumes.

Strike Energy shares bounced back from early selling today after investors absorbed an update that detailed short-term drilling delays but longer-term positives for its Perth Basin gas project.

Woodside Petroleum’s Scarborough LNG project faces a new hurdle after the Conservation Council of WA lodged a Supreme Court action to overturn environmental approvals.

Chevron will finish the year with both its Gorgon and Wheatstone LNG projects partly shut down due to safety concerns just as the LNG price soars to six times higher than its mid-year lows.

The current conditions for iron ore and LNG might be as good as it gets for a while, if international trends continue.

LNG & Domgas: $US11 billion projects set for 2021 approval; AEMO says domgas sufficient until 2026; Kirkup sticks with onshore export ban.

Thirteen WA-linked resources businesses were among Australia’s 25 top corporate taxpayers, paying $16 billion between them.

Woodside Petroleum has announced Peter Coleman will retire as chief executive before the end of next year, with three internal candidates likely to be in contention for the role.

A planned pipeline fabrication facility near Exmouth has been cancelled months after a ministerial decision to launch a special review into developments in the area.