Tag: Australia

Cost overruns, delays may hinder future Australian LNG projects

New liquefied natural gas plants under construction in Australia have been plagued by widely reported cost overruns and delays, raising questions about whether the country will be able to continue to expand its liquefied gas capacity after 2018, according to a new report.  More »

Apache announces new offshore Australia discovery

HOUSTON — Houston-based Apache Corp. announced Monday that it made its first offshore oil discovery in Australia’s Canning Basin, located off the west coast of the country. Officials with the company say their measurements indicate that, optimistically, there could be as much as 300 million barrels of oil in place at the basin. The company […]  More »

Cheniere secures buyers for two Corpus Christi LNG trains

The Houston company due to be the first exporter of U.S. natural gas has lined up buyers for more than half of the supplies it plans to send overseas from its second proposed liquefaction facility in Corpus Christi.  More »

Smaller-scale advances driving shale gas innovations

Investors’ growing reluctance to back big, complex projects is driving the energy industry to break up its infrastructure plans into smaller pieces, potentially putting new projects and technology development into the hands of many more players, energy executives said Thursday.  More »

Texas down under? Australian officials make their pitch

Australian officials are pitching a potential shale gas boom in their country as an investment opportunity for American firms looking to profit from expertise they’ve developed in recent years here at home.  More »

US regulations push wave-energy project to Australia

A company that was planning a wave energy installation off the Oregon coast that could have powered 1,000 homes has said it will instead undertake the project in Australia.  More »

Woodside misses deadline on Israeli gas deal as talks continue

Woodside Petroleum, Australia’s second-largest oil producer, missed its target for completing a deal to buy a stake in a natural gas project in Israel, 15 months after signing an initial accord.  More »

Shell sells Australian assets for $2.6 billion

Vitol Group agreed to pay about $2.6 billion for Royal Dutch Shell Plc’s Australian refinery and filling stations as Europe’s largest oil company accelerates asset sales.  More »

Shell sells stake in massive Australian gas project

Shell says it has agreed to sell its stakes in an Australian liquefied natural gas project to the Kuwaiti Foreign Petroleum Exploration Company for $1.1 billion.  More »

Analyst predicts world’s next shale boom — and it’s not China

While companies have eyed shale development in China, lured by the prospect of huge reserves and easy financing, the world’s next major shale boom is likely to come from another country, according to a new analysis.  More »

Chevron oil production falls, refining improves

Chevron Corp. said its oil and gas production fell in the first two months of the fourth quarter because of planned maintenance and other downtime at facilities in the Gulf of Mexico, Australia and Angola.  More »

Shell completes world’s largest floating facility (video)

Royal Dutch Shell PLC says it has completed building the hull of the world’s largest floating facility, which has been constructed to process natural gas off the coast of western Australia.  More »
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