First quarter production of 18.4 mmboe was a record for Santos and 33% higher than the corresponding quarter, primarily due to sustained strong asset performance and the acquisition of Quadrant Energy.
IEEFA objects to Whitehaven Coal’s current application to open a new thermal coal mine north of Gunnedah in New South Wales, Australia.
2017-18 was a strong year for the Future Fund, delivering a return of 9.3% and adding over $12 billion in earnings.
IMF - Australia has advanced further in its economic rebalancing after the end of the mining investment boom of the 2000s. Economic growth picked up to rates above that of potential output in the first half of 2018, with solid private and public consumption and residential investment more than offsetting the drag from delays in public investment plans and drought.
SANTOS - Santos reports record annual underlying profit of $727 million and record free cash flow of $1,006 million
PLATTS - LNG exports from Australia's east coast rose 9% month on month to 1.93 million mt in January, buoyed by strong sales to China and Japan, data from the Gladstone Ports Corporation showed Thursday.
SANTOS - Record quarterly sales revenue of $1,043 million, up 7% and including record quarterly LNG sales revenue of $449 million, up 11%. Record annual sales revenue of $3,696 million, up 19%
EXXONMOBIL - -ExxonMobil said that it has made a final investment decision to develop the West Barracouta gas field in Bass Strait to bring new gas supplies to the Australian domestic market. The project, located in the VIC/L1 block offshore Victoria, is part of the company’s continuing investment in the Gippsland Basin.
TOTAL - Total has signed an agreement to divest a 4% interest in the Ichthys liquefied natural gas (LNG) project in Australia to operating partner INPEX for an overall consideration of 1.6 billion USD. The transaction, which is subject to Australian regulatory approvals, reduces Total’s interest in the asset to 26%.
REUTERS - Australia overtook Qatar as the world’s largest exporter of liquefied natural gas (LNG) for the first time in November, data from Refinitiv Eikon showed on Monday.
REUTERS - New Zealand Prime Minister Jacinda Ardern announced a new NZ$100 million ($69.28 million) green investment fund on Wednesday, aimed at boosting private-sector participation in a campaign to achieve zero net carbon emissions by 2050.
IMF - Australia’s recent strong growth is expected to continue in the near term, further reducing slack in the economy and leading the way to gradual upward pressure on wages and prices.
SANTOS - Strong production and revenue growth Third quarter production up 6% to 15 mmboe due to strong performance across the core assets Sales revenue up 10% to $973 million, including record quarterly LNG revenues of $405 million PNG LNG achieved record daily rates equivalent to ~9.2 mtpa annualised production
WNN - The Australian Nuclear Science and Technology Organisation (ANSTO) and the Vietnam Atomic Energy Agency (VAEA) have signed a Memorandum of Understanding to allow further collaboration between the two organisations.
REUTERS - Australia’s government expects the nation’s resource and energy exports to hit a record of A$252 billion ($182 billion) in 2018-2019, buoyed by climbing prices for commodities such as natural gas and by a weaker Australian dollar.