Australia
JPMorgan in Talks to Resume Physical LNG Trading After Decade-Long Hiatus: Report
JPMorgan Chase is in talks to resume trading physical liquefied natural gas (LNG) after more than a decade, Bloomberg News reported on Wednesday, citing people familiar with the matter.
Inpex: Ichthys LNG Train 2 Restarts, Train 1 to Reach Full Operations by November
Train 2 at Australia's Ichthys LNG restarted operations on Oct. 9, project operator Inpex Corp. said in an emailed statement on Friday, after it was previously taken offline for inspection and repair works.
Tellurian Shareholders Approve $1.2 Billion Acquisition by Woodside
Tellurian shareholders have approved the proposed $1.2 billion acquisition by Woodside Energy, which includes the U.S. Gulf Coast Driftwood LNG export project. The deal aims to address Tellurian's financial challenges following setbacks and cancelled supply agreements.
Australia's Santos and TotalEnergies Ink Mid-Term LNG Supply Deal
Santos has signed a mid-term liquefied natural gas (LNG) supply agreement with TotalEnergies' Singapore unit. The three-year contract, starting in late 2025, will see Santos supply up to 500,000 tons of LNG annually, further strengthening its LNG portfolio in the region.
Global News October 2024
Stay informed with the latest industry news and developments in the midstream sector. From pipeline projects to regulatory updates and company announcements, P&GJ's Global News column brings you the most important insights from around the world.
P&GJ’s Europe 500 Report of Top Pipelines
The following is a list of some of the longest transportation routes on the continent of Europe as of July 2024. This third such report will be broken down into two sections: gas and liquids (oil and products), which will be updated in each of our September issues going forward.
Australian LNG Producers May Need to Allocate More Gas to Domestic Market Amid Supply Shortages
Australian liquefied natural gas (LNG) producers may need to commit extra gas to the domestic market instead of exports due to a drop in the supply forecast for next year, the competition watchdog said on Friday.
New Zealand to Reverse Oil and Gas Exploration Ban, Ease LNG Import Rules
New Zealand said on Monday it would pass laws by the end of this year to reverse a ban on offshore oil and gas exploration and take urgent steps to remove regulatory hurdles to import LNG amid energy shortages.
Global News August 2024
Latest industry developments from around the world!
Inpex Shuts One Train at Ichthys LNG Plant, Second Outage in a Month
One of the two trains at the Ichthys LNG plant in Darwin, Australia, has been shut since Aug. 20, operator Inpex Corp. said in an emailed statement on Thursday.
U.S. Oil Export Growth Slows as Output and Global Demand Wane
U.S. crude oil export gains should plateau in 2024 after years of strong growth, with domestic output expected to increase by the smallest amount since the pandemic at a time when global oil demand remains sluggish.
Woodside Wins Approval for $12.5 Billion Scarborough Project After Green Group Backs Down
Woodside's $12.5 billion Scarborough gas project in Western Australia has all primary environmental approvals in place, the firm said on Monday, after a green group agreed to dismiss its challenge in a federal court.
Woodside's $1.2 Billion Bid for Tellurian Likely Unchallenged, Sources Say
Woodside Energy which agreed last month to buy Tellurian, the developer of a fully-permitted U.S. LNG project, for $1.2 billion including debt is unlikely to face a rival bid, people close the deal said.
J-Power Teams Up with Australian Firms on Carbon Capture
Through the partnership, the three companies aim to commercialize a project to capture carbon dioxide (CO2) emitted in Japan, Australia and the surrounding region and store it in Australia, they said in a statement.
Woodside's Browse Gas Project Awaits Decision from Australian Regulator
The $20.5 billion project in waters off Western Australia is the country's largest untapped gas resource but has been stuck on the drawing board for decades.
Mid-Year Global Forecast: Midstream Responding to Demand from LNG Projects
Global pipeline construction surged to nearly 42,000 miles in mid-2024, driven by increased LNG and hydrogen infrastructure needs, with significant expansions in North America and Europe.
Global News July 2024
Latest industry developments from around the world!
Woodside Energy Signs 10-Year LNG Supply Deal with Taiwan's CPC
Australia's Woodside Energy has signed a deal with Taiwanese state-owned natural gas firm CPC Corp. to supply LNG for a period of 10 years to Taiwan, the company said on Thursday.
Australian Regulator Warns of East Coast Gas Shortage by 2027
Australia's east coast could face gas shortages from 2027, a year earlier than initially forecast, the country's competition regulator said on Friday, as it called for an urgent need to develop new sources of production and supply.
ADNOC Explores Potential Bid for Australian Gas Giant Santos, Sources Say
Abu Dhabi National Oil Company (ADNOC) is in the preliminary stages of exploring a possible bid for Australian gas supplier Santos, two people with knowledge of the plans said, speaking on condition of anonymity.
Global News June 2024
Latest industry developments from around the world!
Chevron Australia Initiates Repair Work on Wheatstone Platform
Chevron has commenced repair activities on its Wheatstone platform in Australia and the work is expected to be completed in the coming weeks, a spokesperson said on Thursday.
STATS Group Expands Footprint with Key Projects Across Australia and Asia Pacific
Explore STATS Group's recent milestones in Australia and Asia Pacific, from groundbreaking pipeline projects to strategic expansions, positioning the company at the forefront of energy transition efforts.
Chevron Australia Resumes Full LNG Production at Gorgon Facility
Chevron has resumed full LNG production at its Gorgon Gas facility in Australia, after a mechanical fault caused one production train to go offline in late April.
Woodside Secures $1 Billion in Funding for Scarborough LNG Project
Woodside will receive $1 billion in funding for its flagship Scarborough liquefied natural gas project from state-owned Japan Bank for International Cooperation, the Australian energy giant said on Thursday.
Wesfarmers to Sell LPG and LNG Distribution Businesses in Australia
Wesfarmers will sell its liquefied petroleum gas and liquefied natural gas distribution businesses to Supagas and Clean Energy Fuels Australia respectively for an undisclosed sum, the conglomerate said on Thursday.
Australia’s Natural Gas Industry Seeks to Restore Investments Following ‘Damaging’ Policies
While most executives at the Australian Energy Producers Conference in Perth were broadly in favour of the Australia Future Gas strategy unveiled by the government this month, they called for immediate action and improvements to the policy to avoid new gas supply shortfalls.
PetroChina Purchases First Spot LNG Cargo from Papua New Guinea National Oil Firm
PetroChina International has lifted a spot cargo of LNG from the PNG LNG project sold by Papua New Guinea's national oil company, the Chinese state oil and gas trader said on Friday.
Angel CCS JV and Yara Partner for Carbon Capture and Storage Study
The Woodside Energy-operated Angel CCS Joint Venture is proposing to develop a large-scale, multi-user CCS hub with the potential to help Australian and international industry decarbonize.
TotalEnergies Delays Final Investment Decision for Papua LNG Project to 2025
French oil and gas giant TotalEnergies on Monday said a planned new LNG project in Papua New Guinea would require 'more work' before a final investment decision could be reached.
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- U.S. Appeals Court Blocks Kinder Morgan’s Tennessee Pipeline Permits
- Malaysia’s Oil Exports to China Surge Amid Broader Import Decline
- U.S. LNG Export Growth Faces Uncertainty as Trump’s Tariff Proposal Looms, Analysts Say
- Marathon Oil to Lay Off Over 500 Texas Workers Ahead of ConocoPhillips Merger
- Valero Considers All Options, Including Sale, for California Refineries Amid Regulatory Pressure
