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Australia

Australia
2018, June, 15, 10:35:00

CHEVRON STARTED IN AUSTRALIA

REUTERS - Chevron Corp has started producing liquefied natural gas (LNG) at the second unit of its $34 billion Wheatstone development, marking the completion of its two megaprojects in Australia after cost-blowouts and delays.

Australia
2018, June, 6, 11:55:00

AUSTRALIA'S ECONOMY UP

BLOOMBERG - Gross domestic product advanced 1 percent from the prior quarter, with overseas shipments accounting for half the expansion, the Australian Bureau of Statistics said in Sydney Wednesday. Economists had forecast a 0.9 percent gain. The economy expanded at an annual pace of 3.1 percent, also beating estimates for a 2.8 percent increase.

Australia
2018, April, 16, 09:10:00

CHEVRON - AUSTRALIA LNG: $54 BLN

REUTERS - The $54 billion Gorgon project came on stream in March 2016 but suffered numerous unplanned shutdowns in its early stages.

Australia
2018, April, 6, 18:05:00

SANTOS TAKEOVER: $10.4 BLN

REUTERS - Australian gas producer Santos Ltd (STO.AX) said on Tuesday it would “engage with” Harbour Energy after receiving a $10.4 billion takeover offer from the U.S. company, its fourth unsolicited bid since August 2017.

Australia
2018, March, 4, 10:52:00

AUSTRALIA'S LNG INVESTMENT: $900 MLN

GT - Santos and its GLNG partners—Petronas, Total and KOGAS—will make a massive capital investment of $900 million in upstream developments in the Maranoa, Western Downs, Central Highlands and Banana regions in Queensland this year.

Australia
2018, February, 9, 10:55:00

AUSTRALIAN LNG: $111 BLN

TWA - The Gorgon and Wheatstone LNG projects are now enjoying cash margins of more than $US30 a barrel at a $US50 price, Chevron says, and production from the $111 billion mega-projects is expected to increase this year.

Australia
2017, December, 18, 12:20:00

AUSTRALIA STOPS COAL

PLATTS - National Australia Bank announced Thursday it will no longer provide financing for new thermal coal projects.

Australia
2017, June, 28, 15:00:00

AUSTRALIA - CHINA LNG UP

Among China's LNG suppliers Australia has fared best, with imports rising 42.7 percent in the first five months to 5.39 million tonnes, almost double that of second-placed Qatar at 2.84 million tonnes.

Australia
2017, June, 24, 09:40:00

AUSTRALIAN LNG CONTROL

Australia is set to apply LNG export controls, aimed at securing domestic supply of gas and keeping prices of the fuel in check, from January 1, the government announced earlier this week despite industry warnings about the decision's potential impact on energy investment.

Australia
2016, October, 31, 18:45:00

AUSTRALIAN LNG INFLATION

“The rampant cost inflation on Australian projects combined with the collapse in oil prices is damaging for a lot of these projects,” said Neil Beveridge, analyst at Bernstein. LNG prices have been affected by a supply glut and are also linked to oil prices in Asia.

Australia
2016, October, 14, 18:40:00

AUSTRALIAN LNG: 25 MLN MT

The three facilities have the combined capacity to supply 25mn mt/yr of LNG –equal to about 8% of the world’s production, Bechtel said October 11.

Australia
2016, August, 19, 18:40:00

AUSTRALIA'S OIL PROFIT DOWN

The slumping oil price has carved a chunk out of Australian oil and gas majors, with Woodside Petroleum reporting that profits halved in the first six months of the year while Santos swung to a loss of more than $1bn.

Australia
2016, August, 15, 18:40:00

AUSTRALIAN LNG UP TO 2%

Australia’s LNG exports rose by 2% last month following a worldwide rise in demand for the product.

Australia
2016, July, 7, 18:05:00

LNG: BIG AUSTRALIA

Gross Australian LNG production increased by 53.2% in the March quarter to 10.1 MMt with the ramp-up of production from Australia Pacific LNG (APLNG) and Golar LNG (GLNG) projects in Queensland and the first cargo from the Gorgon project in Western Australia. The country's LNG exports reached 3.8 MMt during the same period, while Russia's LNG exports totaled 2.5 MMt.

Australia
2016, June, 23, 18:00:00

AUSTRALIAN LNG UP

“The decline in prices is unlikely to lead to a significant reduction in production from existing producers because the high fixed costs of building the infrastructure have been paid and marginal production costs are relatively low,” said Ms Heath.

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LNG (106)
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