Australia
MidOcean Energy Completes Acquisition of Tokyo Gas’ Australian LNG Interests
MidOcean Energy, managed by EIG, a prominent investor in the energy and infrastructure sectors, has finalized its acquisition of Tokyo Gas’ interests in a suite of Australian integrated LNG projects.
Woodside Completes Sale of 10% Scarborough Interest to LNG Japan
Woodside has finalized the sale of a 10% non-operating participating interest in the Scarborough Joint Venture to LJ Scarborough Pty Ltd., also known as LNG Japan.
Chevron, JX Ink Deal to Collaborate on Carbon Capture and Storage Development
The agreement outlines plans to explore the feasibility of exporting carbon dioxide (CO₂) from Japan to CCS projects in Australia and other Asia Pacific countries.
Japan Bolsters LNG Supplies, Relying More on Allies Australia and U.S.
Resource-scarce Japan is shoring up long-term supplies of liquefied natural gas from close allies Australia and the United States as key contracts from providers including Russia are set to expire by the early 2030s.
Santos Faces Fresh Legal Setback Over $2.4 Billion Narrabri Gas Project
The decision returns the project to the uncertainty of a legal dispute months after Santos won a court battle allowing it to resume pipeline construction at its Barossa gas project.
Sypris Awarded Contract for Gorgon Project's Carbon Capture and Storage Systems
Sypris Technologies, Inc., a subsidiary of Sypris Solutions Inc., has recently received an award to supply specialty high-pressure closures for use in the Gorgon Project to support the optimization of the existing carbon capture and storage facilities.
Projects March 2024
FERC approves MVP’s Southgate gas pipeline extension; Regulator clears Trans Mountain, completion back on; Santos’ subsea pipeline clears construction hurdle; and more!
Global News March 2024
Latest industry developments from around the world!
Woodside Energy Inks Long-Term LNG Supply Deal with South Korea
Woodside Energy has inked an agreement with South Korean state-owned natural gas firm Korea Gas Corp. to supply LNG for more than a decade, the Australian oil and gas company said on Wednesday.
Australia's Woodside to Sell Stake in Scarborough to Japan's JERA for $1.4 Billion
Woodside Energy is selling a 15.1% stake in its Scarborough project to Japan's JERA for about $1.4 billion, marking the Australian gas producer's second stake sale to a Japanese LNG buyer in six months.
Woodside, Santos End $52 Billion Merger Talks Over Valuation Dispute
Australia's Woodside Energy and Santos said on Wednesday they had ended talks to create a possible $52 billion global oil and gas giant, and Santos flagged it would look for other ways to bolster its value.
Woodside Urged to Abandon $57 Billion Santos Merger by Major Shareholder
Woodside should walk away from its proposed $57 billion merger with Santos rather than pay a premium for its smaller rival, a large shareholder said on Thursday, a sign of the deep divide between both sides over fair value.
Global News February 2024
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Global Pipeline Construction Outlook 2024: New LNG Terminals Sound Beckon Call for More Pipelines
(P&GJ) — It comes as little surprise to those in midstream that during the past year we have continued to see LNG initiatives garner more attention than pipeline projects. However, terminal construction drives new pipeline construction.
Santos Receives Approval to Construct Subsea Pipeline for $4.3 Billion Barossa Gas Project
Australia's Santos can proceed with construction of an undersea pipeline vital to its $4.3 billion Barossa gas project after a court on Monday ruled in favor of the oil and gas firm in a dispute with an Indigenous man looking to pause the work.
Tokyo Gas Anticipates Completion of Australian LNG Asset Sale in Late February
Japan's biggest city gas provider, Tokyo Gas, said on Thursday it expects to close the planned sale of its stakes in a portfolio of four Australian liquefied natural gas (LNG) projects at the end of February.
Global News January 2024
Latest industry developments from around the world!
Shell Resumes LNG Loadings from Prelude Facility in Australia
Shell said on Thursday it has resumed loading LNG cargoes from its Prelude facility offshore Australia following major maintenance.
Woodside Energy to Supply LNG to Pilbara Minerals Unit
Woodside Energy said on Thursday it has signed a sales and purchase agreement with a unit of Pilbara Minerals for the supply of domestic liquefied natural gas (LNG) from its Pluto Truck Loading Facility in Western Australia.
Santos Advances Barossa Gas Project with Drilling Nod, Pipeline Fate Entangled in Legal Dispute
Australian oil and gas major Santos said on Monday it had received approval for a revised drilling plan at its $4.3 billion Barossa gas project, although the fate of a pipeline to take gas to shore remains locked in a legal dispute.
Mexico Pacific Inks 20-Year LNG Supply Deal with Woodside Energy
Woodside Energy said on Wednesday it has signed a deal with energy company Mexico Pacific to purchase 1.3 million tonnes of LNG per annum for two decades to beef up production and optimize operations.
Woodside in Talks with Santos to Form $52 Billion Australian Gas Giant
Australia's Woodside Energy and Santos said they were in preliminary talks on Thursday to create a $52 billion global oil and gas giant as consolidation among international energy firms intensifies.
ConocoPhillips Restarts Production, Cargo Loading at Australia Pacific LNG After Resolving Tanker Issue
Production of LNG and the loading of cargoes have resumed at Australia Pacific LNG (APLNG), said operator ConocoPhillips, after a loaded tanker that was stuck at the facility was moved.
Global News December 2023
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Australia Pacific LNG Shipments Halt After Tanker Power Outage
So far, two LNG cargoes have been delayed, and Origin warned that "more LNG cargoes will be deferred,” as the stricken vessel was blocking other tankers from entering the facility on Curtis Island off Australia's east coast.
Shell’s Prelude LNG Facility to Resume Exports Next Month
In a sign that maintenance, which started in August, is near completion, the LNG tanker Symphonic Breeze has been booked to arrive at the floating facility on Dec. 6, shipping data shows.
Santos Forecasts Lower 2024 Output as Bayu-Undan Gas Field Nears End of Life
Australia's Santos forecast a fall in 2024 output on Wednesday, as its Bayu-Undan gas field's life comes to an end and production from the West Australian offshore field declines.
Russian Pipelines Facing Significant Pressure from Tightening Sanctions
(P&GJ) — The Russian pipelines’ sector is experiencing serious pressure amid ever tightening sanctions and the ever-growing isolation of the country in the international arena. Historically, pipelines have been a strategic asset in Russia, with the largest volume of cargo coming in the form of crude oil and natural gas.
Global News November 2023
Latest industry developments from around the world!
Aussie Court Halts Santos' Barossa Pipeline Near Tiwi Islands
Santos was told by a court on Wednesday to halt its pipeline project around 70 kilometers (43 miles) north of the Tiwi Islands pending a final ruling, although it was allowed to begin laying gas pipelines for a section of its $3.6 billion Barossa gas project.
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- Valero Considers All Options, Including Sale, for California Refineries Amid Regulatory Pressure
