Singapore approves the import of solar power from Australia via an undersea cable
SunCable, the project's owner, announced on Tuesday that Singapore's energy regulator has given conditional approval to a multi-billion-dollar project to pipe solar electricity 2,672 miles (2,300 km) from Australia to Singapore. The Energy Market Authority of Singapore granted conditional approval to SunCable after a thorough process to determine the project's technical and commercial viability.
Santos Acquires ConocoPhillips’ Northern Australia Interests
Santos announced it has acquired ConocoPhillips’ northern Australia business with operating interests in Darwin LNG, Bayu-Undan, Barossa and Poseidon for US$1.39 billion plus a $75 million contingent payment subject to FID on Barossa.Matt Fox, ConocoPhillips executive vice president and chief operating officer, said, “While we believe the Darwin LNG backfill project remains among the lower cost of supply options for new global LNG supply…
Santos Broadens Offshore Exploration in N.Australia
The oil and gas producer in the Asia-Pacific region Santos has struck a joint venture (JV) agreement with fellow-listed Beach Energy to partner over four exploration permits in the Bonaparte basin, offshore northern Australia.The two companies will each hold a 50% JV interest in the four permits, with Santos acting as operator.Santos’ position in the Bonaparte basin already…
Prelude FLNG to Start Producing at End-2018
Royal Dutch Shell expects production at its Prelude floating liquefied natural gas (LNG) unit to start at the end of the year, a spokeswoman told Reuters on Tuesday."We continue to progress Prelude towards operations, with safety and quality being our main focus ... We expect to see production around the end of the year," she told Reuters in an emailed statement.Prelude…
Inpex Officially Opens Ichthys LNG Site
A landmark celebration has officially opened the onshore LNG processing facilities of INPEX-operated Ichthys LNG – one of the largest and most complex resource developments in the world.Japanese, Australian and Northern Territory government representatives unveiled a plaque to commemorate four decades of future benefits Ichthys LNG will bring to the Northern Territory, Australia…
Australia Awards Seven New Offshore Permits
The future of oil and gas exploration in Australia looks bright after new offshore petroleum exploration permits were awarded by the Government that could see more than $530 million invested over the next six years.Minister for Resources and Northern Australia Matt Canavan said today that the granting of seven permits finalised the Government’s 2017 Offshore Petroleum Exploration…
Gas Production Begins at Ichthys LNG Project
Inpex Corp said on Monday it has begun producing gas at the $40 billion Ichthys liquefied natural gas (LNG) project off northern Australia, a major milestone for the long-delayed project."The project expects to begin the shipment of products towards the end of the first half of the current fiscal year," Inpex said in a statement. The first half ends in September.Condensate will be shipped first, followed by LNG, Inpex said.(Reporting by Sonali Paul)
Shell Feeds Gas to Australia's New Prelude FLNG
Royal Dutch Shell has introduced gas to its 490 meter (1,600 ft) long Prelude floating liquefied natural gas (FLNG) unit as part of the cooling process before start-up, a spokeswoman told Reuters on Wednesday.Gas was fed to the unit from liquefied natural gas (LNG) carrier Gallina, she said.
To Frack or Not to Frack? Australia's NatGas Dilemma
The decision by the government of Australia's Northern Territory government to allow the resumption of fracking for natural gas will do little to immediately solve the country's energy woes, but will likely sharpen political battle lines. The territory's government said on April 17 that it has lifted a near two-year moratorium on hydraulic fracturing, known as fracking, accepting the recommendations of its own commission of inquiry into the practice.
AEMO Warns of Gas Shortage for Victoria
The Victorian Gas Planning Report Update, released today by the Australian Energy Market Operator (AEMO), is the latest in a series of reports warning of the deteriorating situation for gas consumers in Victoria. “AEMO’s forecasts indicate that Victoria could face a gas supply-demand shortfall as early as 2022, said APPEA Chief Executive Dr Malcolm Roberts. “Victoria has…
ConocoPhillips looks to Aussie Transcontinental LNG Pipeline
ConocoPhillips will consider diverting natural gas from fields in northern Australia along a proposed transcontinental pipeline that would link directly to markets in the southeast, a senior executive told Reuters on Thursday. The U.S. oil major is also leaning towards developing the Barossa gas field offshore northern Australia, with a final decision due in early 2019, Kayleen Ewin…
FLNG Production Bows out as US Exports Roil Market
Once considered the future of gas production, floating liquefied natural gas (FLNG) projects have been firmly relegated to the backburner as global gas producers seek cheaper ways to compete with a surge in U.S. shale supplies and slumping prices. FLNG projects - mega tankers fitted with gas extraction and liquefaction facilities - allow producers to tap offshore gas wells and ship LNG without having to build costly pipelines to onshore plants.
Australian first project to Harness Sun, Wind, Batteries
A world-leading project combining solar, wind and battery storage will be built near Hughenden in North Queensland, delivering renewable energy on demand. The Australian Renewable Energy Agency (ARENA) has committed up to $18 million in recoupable grant funding for a Windlab and Eurus Energy joint venture to build the first $120 million phase of Kennedy Energy Park, consisting of 19.2 MW (AC) solar photovoltaic (PV), 21.6 MW wind and 2 MW/4 MWh battery storage.
Energy Industry Funds Tropical Cyclone Research
Global energy companies have joined forces to fund new research aimed at advancing tropical cyclone forecasting in Northern Australia to further improve offshore safety and mitigate costly disruptions to operations. Results from the industry-driven research are expected to enhance tropical cyclone response planning and public weather forecasting services for the wider community.
O&G JIPs Target Seismic Imaging, Cyclone Forecasting
Global oil and gas companies have funded two joint industry projects (JIP) through the Industry Technology Facilitator (ITF), the details of which will be announced at the Technology Showcase conference and exhibition in Aberdeen Wednesday. The Fullwave Game Changer research project has been extended for a further phase with a consortium of 15 oil and gas operator and service companies working in collaboration with Imperial College London.
GDF Suez, Santos Scrap Floating LNG Project
Other options could include pipeline to Darwin; Santos remains bullish on LNG demand outlook. GDF Suez SA and Santos Ltd have dropped plans for a multibillion dollar floating liquefied natural gas (LNG) project off northern Australia, citing poor expected returns, and said on Thursday they aim to consider alternatives swiftly. The decision comes amid worries about $180 billion worth of future LNG projects in Australia…
GDF Suez, Santos, Scrap Australian FLNG Project
GDF Suez SA and Santos Ltd have abandoned plans for a floating liquefied natural gas (LNG) project off northern Australia which was expected to start producing in 2019, the two companies said on Thursday. The Bonaparte LNG project, which has been under study for more than three years, was to produce 2.4 million tonnes a year for sale into Asia-Pacific markets. The decision…
MSI Orders AXYS Buoy for Oil Field Development
AXYS Technologies Inc. (AXYS) has secured a contract with its Australian partner Metocean Services International Pty Ltd. (MSI), to provide and deploy a 3-meter ODAS (Ocean Data Acquisition System) buoy and a Subsurface Sentinel mooring in support of a major oil field development in Northern Australia. The systems are designed to satisfy the long term operational requirement of metocean monitoring in the field and report data in real time.
