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Arbitrator backs Woodside in Senegal tussle

By: Esmarie Iannucci     14th February 2020 The International Arbitration Court has backed oil and gas major Woodside in a dispute with fellow listed FAR. Woodside and FAR are joint venture (JV) partners in the Sangomar field development, offshore Senegal.  

Woodside suffers under Kitimat impairment

By: Esmarie Iannucci     13th February 2020 Oil and gas major Woodside Energy has seen a significant drop in its full year net profits after tax after recording a $720-million non-cash impairment for the Kitimat liquefied natural gas (LNG) asset, in Canada. The ASX-listed major on Thursday told shareholders that the net profit after tax... 

BHP approves Scarborough feasibility

By: Esmarie Iannucci     13th February 2020 Diversified major BHP on Thursday announced a decision to progress the Scarborough gas development, offshore Western Australia, into the feasibility study phase. BHP in 2016 sold a 50% stake in the undeveloped Scarborugh gas field to Australian oil and gas major Woodside Energy for an initial... 

Beach narrows full year guidance

By: Esmarie Iannucci     11th February 2020 Oil and gas producer Beach Energy has narrowed its full year production expectations to reflect actual production achieved in the first half of the financial year. The ASX-listed company was now expecting full year production to reach between 27-million and 28-million barrels of oil equivalent,... 

Paladin appoints new CEO

By: Esmarie Iannucci     4th February 2020 Ian Purdy has been appointed as the new CEO for uranium company Paladin Energy, starting on February 4. Purdy was previously the CFO of oil and gas producer Quadrant Energy, assisting in transforming the company from a branch office of a large multi-national oil and gas company into a full... 

Oil Search disappointed in P'nyang delay

By: Esmarie Iannucci     4th February 2020 Oil and gas producer Oil Search has expressed its disappointment after the Papua New Guinea (PNG) government halted talks with partner ExxonMobil on a potential A$20-billion expansion of liquefied natural gas (LNG) operations in the region. PNG Prime Minister James Marape said in a statement... 

Polish miners block coal trains in protest against Russian imports

By: Reuters     31st January 2020 Polish miners blocked trains carrying coal to a power plant in the southern town of Laziska Gorne on Friday in protest against coal imports from Russia. Poland generates most of its electricity from coal, but domestic coal production has been falling in recent years due to cost savings and... 

Santos/Beach sign new gas deal with Qenos

By: Esmarie Iannucci     31st January 2020 Oil and gas major Santos and its joint venture (JV) partner Beach Energy has extended an ethane gas supply agreement with Australia’s sole manufacturer of polyethylene, Qenos. The new sales agreement will enable Qenos to maintain its operations at Botany Bay in Sydney and secure over 500 jobs... 

Federal and NSW govts strike gas deal

By: Esmarie Iannucci     31st January 2020 The Australian Petroleum Production & Exploration Association (Appea) has welcomed an agreement between the federal and New South Wales governments to facilitate increased gas supply, lower emissions and a more stable power supply. Prime Minister Scott Morrison on Friday announced a landmark... 

Morrison urges more gas extraction

By: Esmarie Iannucci     30th January 2020 The Australian Petroleum Production and Exploration Association (Appea) has welcomed comments by Australian Prime Minister Scott Morrison on the need for greater use of natural gas as Australia. Speaking at the National Press Club, in Canberra, Morrison said that in order to secure lower energy... 

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