(Metalla, 6.Dec.2023) — Metalla Royalty & Streaming Ltd. (TSXV: MTA) (NYSE American: MTA) is pleased to profile its post-merger core assets and provide a three-year corporate strategy and highlights near-term portfolio catalysts. CORPORATE HIGHLIGHTS An emerging mid-tier royalty and streaming company now with over 100 royalties and streams with several cornerstone assets […]
Category: Australia-Oceania
Australia and Oceania
WCI Charity to Support Communities in SE Asia
(WCI, 16.Jun.2023) — International non-profit organization Wildlife Conservation International (WCI) has announced the public launch of Forests for People, a new charitable entity in New Zealand to support and enhance the welfare of indigenous communities in Southeast Asia. The new charity can receive tax-deductible donations from individuals, businesses and philanthropic organizations in New Zealand and direct them to projects […]
FLNG Market Boasts $35bn EPC Contract Award Value 2023-27
(Westwood, 4.Apr.2023) — When Shell announced final investment decision (FID) on its Prelude floating liquefaction natural gas (FLNG) unit in May 2011, it was meant to be the start of an era. An era that would herald the development of stranded gas fields at lower costs. However, 12 years on, […]
Chevron and JERA to Explore CCS projects in the US and Australia
(Chevron, 7.Mar.2023) — Chevron New Energies, a division of Chevron U.S.A. Inc., and JERA Co., Inc. have signed a Memorandum of Understanding (MOU) that provides a framework for their collaboration on carbon capture and storage (CCS) projects located in the United States and Australia. This MOU has the potential to […]
US Surges to Top of LNG Exporter Ranks on Breakneck Growth
(Bloomberg, 12.Jan.2023) — The US tied Qatar as the world’s top exporter of liquefied natural gas last year, a milestone for the meteoric rise of America as a major supplier of the fuel. Both countries exported 81.2 million tons in 2022, according to ship-tracking data compiled by Bloomberg. While that’s […]
Chevron Delivers First Offset-Paired LNG Cargo
(Chevron, 29.Sep.2022) — Chevron Corporation‘s (NYSE: CVX) subsidiary, Chevron U.S.A. Inc. (Singapore Branch) (Chevron), has safely delivered its first shipment of offset-paired liquefied natural gas (LNG) cargo. Greenhouse gas emissions for the cargo, from the Gorgon Project off the northwest coast of Western Australia, will be fully offset via the retirement of high-quality nature-based and energy efficiency […]
EOG Eyes Beehive Prospect Offshore Australia in 2023
(Energy Analytics Institute, 20.Sep.2022) — EOG Resources intends to drill an exploration well targeting the Beehive Prospect in 2023 in offshore Australia. In Australia, an EOG affiliate holds a 100% interest in the WA-488-P Block, an exploration permit located offshore Western Australia, according to details on the US-based company’s website. […]
Diamond Offshore Reveals New Contract Offshore Australia
(Energy Analytics Institute, 31.Aug.2022) — Diamond Offshore Drilling, Inc. (NYSE: DO) revealed that Inpex Operations Australia Pty Ltd entered into a new contract to utilize the Ocean Apex for work on the Northwest Shelf of Australia. The contract is expected to start in the fourth quarter of 2023 in direct continuation […]
Strohm’s TCP to Support Emergency Response System for Scarborough field
(Strohm, 9.Aug.2022) — Strohm has been contracted to manufacture and deliver two Thermoplastic Composite Pipe (TCP) flowlines to Australia’s largest natural gas producer Woodside Energy Ltd. The technology will form an integral part of the relief well emergency response plans for the well construction phase of the Scarborough field development. […]
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BHP’s Operational Review for the Year Ended 30 June 2022 [PDF Download]
(BHP, 19.Jul.2022) — BHP provided a detailed operational review for the year ended 30 June 2022. BHP Chief Executive Officer, Mike Henry: “BHP produced a strong fourth quarter to cap off a year of significant progress. Our performance for the year has been underpinned by safe, reliable operations and firm […]
Strike Energy Eyes West Erregulla-3 Re-entry
(Strike Energy, 31.May.2022) — Strike Energy Limited (Strike – ASX: STX) provided an update on the appraisal drilling activities at the West Erregulla gas field on behalf of the EP469 JV. Strike has mobilised the Ensign 970 to the existing WE3 well site and has completed rig up in preparation […]
NRGBriefs: Chevron Dividend; Guyana Oil Demand; Argentina’s LNG Growth
(Energy Analytics Institute, 27.Apr.2022) — Energy briefs including Argentina’s Economic Minister MartĂn Guzmán saying that the country could generate around $15bn per year from exporting LNG starting in 2027; Sempra waiting on the US DOE the approve two LNG export projects in Mexico; the BODs of US-based Chevron Corp. (NYSE: […]
Environmental Lawyer Targeted by Chevron Freed from Under House Arrest
(Gizmodo, 26.Apr.2022) —  After 993 days, Steven Donziger is finally free. On Monday, the embattled lawyer, who has been targeted by Chevron for years in a Kafka-esque court struggle, finished a six-month sentence, which came on the heels of more than two years under house arrest in his Manhattan apartment. […]
NRGBriefs: Mexicans Back Recall Vote; Neuquén Officials on Houston Roadshow
(Energy Analytics Institute, 11.Apr.2022) — Energy briefs including approximately 90% of Mexican citizens voting this past weekend to back a recall election that would allow President AndrĂ©s Manuel LĂłpez Obrador to stay in office; Argentina is looking to significantly boost oil and gas production by 2030, Argentina’s governor of NeuquĂ©n […]
Woodside Investors to Benefit from $40bn Merger with BHP Arm
(Reuters, 8.Apr.2022) — Australian gas producer Woodside Petroleum Ltd‘s agreed merger with BHP Group‘s petroleum arm is in the best interest of its shareholders, an independent expert said, valuing the combined group at around $40 billion. Global miner BHP agreed to hive off its petroleum business to Woodside last year […]
Lithium Exploration at Cuprite West and Cuprite East
(Australian Goldfields, 19.Jan.2022) — Australian Goldfields Limited (formerly Graphite Energy Corp.) (CSE: AUGF) (OTC: GRXXF) (Frankfurt: G0A) provided an exploration update for the Cuprite East and Cuprite West Projects located in the Pilbara Region of Western Australia. The projects are two separate blocks with E45/4918 (Cuprite East) at 6,936 hectares and E45/5028 (Cuprite […]
Saipem Inks Two New Offshore Deals in Australia and Guyana
(Saipem 11.Jan.2022) — Saipem has been awarded two new offshore contracts in Australia and Guyana, for a total amount of 1.1 billion USD. Francesco Caio, CEO and General Manager of Saipem, commented: “The award of these contracts represents a significant confirmation of the trust of our clients in Saipem’s ability to […]
Saipem wins $1.1bn contracts in Australia and Guyana
(Reuters, 11.Jan.2022) — Italian energy services group Saipem said on Tuesday it had won two offshore contracts in Australia and Guyana for a total amount of $1.1 billion. One of the contracts relates to the Scarborough gas field in the Carnarvon Basin, offshore Western Australia, for the export trunkline coating […]
NRGBriefs: Colombia Eyes Net-zero Deforestation By 2030
(Energy Analytics Institute, 22.Oct.2021) — Energy briefs including CorporaciĂłn Nacional del Cobre de Chile (Codelco) announcing final results of a previously announced offer to purchase for cash outstanding notes due in 2023, 2024, and 2025; Colombia aiming to achieve net-zero deforestation by 2030 and carbon neutrality by 2050; Frontera Energy […]
Now Activists Want BHP To Keep Its Fossil Fuels
(Bloomberg, 11.Aug.2021) — BHP Group, the world’s top miner, should abandon plans for multi-billion dollar sales of fossil fuels assets and instead responsibly close down the operations, according to an environmental campaign group. A proposal tabled on behalf of about 100 small investors by Market Forces, which coordinates groups of shareholders […]
Jansz-Io Compression Project To Proceed
(Chevron, 1.Jul.2021) — Chevron Corporation (NYSE: CVX) announced that its wholly owned subsidiary Chevron Australia Pty Ltd. as operator and the Gorgon joint venture participants will proceed with the approximately $4bn (AU$6bn) Jansz-Io Compression (J-IC) project. Nigel Hearne, Chevron Eurasia Pacific Exploration and Production president, said J-IC represents Chevron’s most […]
PT Pertamina Shipping Subholding Company Revealed
(PT Pertamina, 6.May.2021) — State-Owned Enterprises (SOE) Minister, Erick Thohir, unveils PT Pertamina (Persero)‘s first shipping subholding company, PT Pertamina International Shipping (PT PIS). Minister Thohir made the announcement during an inauguration ceremony on Wednesday, May 5, 2021. The Minister stated that the inauguration was the first big step for PT PIS […]
Total Confirms Remobilization, Planning Of The Papua LNG Project
(Total, 5.May.2021) — A meeting took place on 3rd of May between Patrick PouyannĂ©, Chairman and CEO of Total, and a Delegation of Papua New Guinea (PNG) led by the Deputy Prime Minister Samuel Basil, with the objective to review together the next steps for the development of the Papua […]
Shell Completes Sale Of Interest In QCLNG
(Shell, 15.Mar.2021) — QGC Common Facilities Company Pty Ltd, a wholly-owned subsidiary of Shell, today announced it has completed the sale of a 26.25% interest in the Queensland Curtis LNG (QCLNG) Common Facilities to Global Infrastructure Partners Australia for $2.5bn, following the receipt of regulatory approval. The sale was announced […]
EnergyQuest’s 1st Australian LNG Shipment To Chile
(EnergyQuest, 19.Aug.2020) — Australia has just shipped its first LNG cargo to Chile. The cargo is from the Shell-operated QCLNG project at Gladstone in Queensland. It was transported aboard the Sevilla Knutsen. The tanker docked at Quintero, Chile on 15 August after a 24-day voyage of more than 13,500 nautical […]
AES And 5B Pushing Solar Energy Transition
(AES, 30.Jul.2020) — The AES Corporation has made a strategic investment in 5B, a solar technology innovator based in Sydney, Australia. 5B’s revolutionary Maverick design enables customers to add solar resources at a pace that is three times faster while providing up to two times more energy within the same […]
Chevron Expects To Restart Train 2 Of Gorgon LNG Plant
(Reuters, 28.Jul.2020) — Chevron Corp expects to restart Train 2 of its Gorgon liquefied natural gas (LNG) plant in Australia in early September after completing repairs, a company spokesman said on Tuesday. Gorgon is carrying out the repair work after a routine inspection of the train’s propane heat exchangers during […]
Chevron Completes Purchase Of Puma Energy (Australia)
(Chevron, 30.Jun.2020) — Chevron Australia Downstream Pty Ltd., a wholly-owned subsidiary of Chevron Corporation, today announced that it has completed the acquisition from Puma Energy Asia Pacific B.V. of all shares and equity interests of Puma Energy (Australia) Holdings Pty Ltd for the amount of AU$425 million. The acquisition adds […]
Arrow Energy Sanctions Surawat Gas Project
(Energy Analytics Institute, Jared Yamin, 16.Apr.2020) — Wood Mackenzie senior analyst Daniel Toleman comments on Arrow Energy’s announcement on the sanction of the Surawat Gas Project. “Shell taking FID on the first phase of Arrow Energy’s Surat Gas Project (SGP) in Queensland was a surprise, as project sanctions will be […]
Rosneft Cool On Venezuela’s Sweeter Gas Terms, For Now
(Argus, 6.Nov.2019) — Venezuela is offering sweeter fiscal terms to Russia’s state-controlled Rosneft for two offshore natural gas fields that are well-positioned to supply nearby Trinidad and Tobago, but the company has yet to make an investment commitment. The National Constituent Assembly (ANC), a rubber-stamp entity controlled by Venezuelan president […]
Bolsonaro Wants Brazil In OPEC
(AAWSAT, Mosaed al-Zayani, 31.Oct.2019) — Brazil’s President Jair Bolsonaro said Wednesday he was keen for his country to join OPEC, a move that would add the most significant new producer to the oil cartel for years. “I would personally like Brazil to become a member of OPEC,” Bolsonaro said at the Future […]
Bolsonaro Wants Brazil In OPEC
(Reuters, Stephen Kalin, Rania El Gamal, Alex Lawler, 30.Oct.2019) — Brazilian President Jair Bolsonaro said on Wednesday that he wants his country to join OPEC, a move that would add the most significant new producer to the oil cartel for years. The comments come ahead of a massive auction of […]
OFAC Gives Nynas AB Time
(Sputnik, 18.Oct.2019) — The United States has extended a license that allows certain transactions with PDVSA’s joint venture Nynas AB despite US sanctions on the Venezuelan oil sector, the US Treasury Department’s Office of Foreign Assets Control said in a notice on its website on Wednesday. “All transactions and activities […]
BHP Ends Drilling Offshore Trinidad And Tobago
(Offshore, 17.Oct.2019) — BHP has had mixed results from the final two wells of its latest exploration campaign on its northern licenses offshore Trinidad and Tobago. The Boom-1 well spud in late-August encountered hydrocarbons and evaluation continues. However, the subsequent Carnival-1 was a dry hole. The Transocean drillship Deepwater Invictus […]
BHP Ends Offshore Trinidad Drilling
(Offshore, 17.Oct.2019) — BHP has had mixed results from the final two wells of its latest exploration campaign on its northern licenses offshore Trinidad and Tobago. The Boom-1 well spud in late-August encountered hydrocarbons and evaluation continues. However, the subsequent Carnival-1 was a dry hole. The Transocean drillship Deepwater Invictus […]
Petrobras Signs Charter Deals For Marlim
(Petrobras, 15.Oct.2019) — Petrobras signed letters of intent (LoI) with the Japanese company Modec (Marlim Unit 1) and the Malaysian company Yinson (Marlim Unit 2), for the chartering of two FPSO platforms. The units will be used in the production development project of the Marlim and Voador fields revitalization – […]
Qatar Petroleum Wins Three Blocks Offshore Brazil
(QP, 10.Oct.2019) — Qatar Petroleum has won exploration rights in three offshore blocks in Brazil, as part of two bidding consortia. The winning bids were announced by Brazil’s National Agency of Petroleum, Natural Gas, and Biofuels (ANP) at a public bidding session held in Rio de Janeiro. Competing bids were […]
ANP 16th Round Attracts Record R$8.9bn Signings
(ANP, 10.Oct.2019) — The 16th Bidding Round collected R$ 8.9 billions in signature bonuses, a record value among the concession rounds already held in Brazil. The round will generate investments of at least R$ 1.58 billion in the first phase of the concession contracts alone (exploration phase). Twelve of the […]
Brazil Approves 14 Firms For November Oil Tender
(Reuters, 30.Sep.2019) — Fourteen companies have been officially approved by Brazilian authorities to participate in an oil bidding round in November, in which total signing bonuses are expected to be the biggest so far, exceeding $25 billion, national oil regulator ANP said on Monday. As widely expected, the companies participating include […]
Maduro Hopes Putin Will Offer More Than Words
(FT.com, Michael Stott and Henry Foy, 24.Sep.2019) — Threats of military invasion, sweeping economic sanctions, people power, recognition of a rival government, even an attempted uprising — the US has tried almost everything to topple Nicolás Maduro. But Venezuela’s revolutionary socialist president is still clinging to power after six years, […]
CNPC Skips Venezuelan oil Loading For Second Month
(Reuters, Chen Aizhu, 10.Sep.2019) — China National Petroleum Corp (CNPC), a leading buyer of Venezuelan oil, will skip cargo loadings for a second month in September as the state oil giant looks to avoid breaching U.S. sanctions, two sources with knowledge of the matter said. CNPC made a surprise halt […]
Michelin Announces Theme For 20th Design Program
(Michelin, 30.Aug.2019) — Michelin North America will celebrate its 20th global design competition, Michelin Challenge Design, in 2020 by linking the past to the future of sustainable mobility. The 2020 Michelin Challenge Design Theme — Upcycle — will challenge the entrants to take inspiration from previously recognized works over the […]
Höegh LNG Partners Reports 2Q:19 Financial Results
(Höegh, 22.Aug.2019) — Höegh LNG Partners LP reported its financial results for the quarter ended June 30, 2019. Highlights — Reported total time charter revenues of $33.8 million for the second quarter of 2019 compared to $35.5 million of time charter revenues for the second quarter of 2018 — Generated […]
Höegh LNG Announces 2Q:19 Presentation Results
(Höegh, 22.Aug.2019) — Höegh LNG Partners LP will hold a presentation Thursday, August 22, 2019, at 8:30 A.M. (EST) to discuss financial results for the second quarter of 2019. The results and presentation material will be available for download at http://www.hoeghlngpartners.com. The presentation will be immediately followed by a Q&A […]
China Stays Venezuela Course
(Argus, 20.Aug.2019) — The Chinese government is so far showing no sign of curtailing its oil ties to Venezuela, despite state-owned PetroChina’s rescheduling of Merey crude loadings in August. Argus has confirmed that state-owned PetroChina’s trading arm ChinaOil rescheduled up to seven VLCCs of heavy sour Merey in August that […]
OPEC Sees Bearish Oil Outlook For Rest Of 2019
(Reuters, Alex Lawler, 16.Aug.2019) — OPEC delivered a downbeat oil market outlook for the rest of 2019 on Friday as economic growth slows and highlighted challenges in 2020 as rivals pump more, building a case to keep up an OPEC-led pact to curb supply. In a monthly report, the Organization […]
Karoon Eyes Output Boost After Grabbing Field
(Reuters, Marta Nogueira, 25.Jul.2019) — Karoon Energy Ltd aims to boost production by more than 60% at an oilfield it is purchasing from Petroleo Brasileiro SA, as the independent Australian firm dramatically expands its operations in Brazil, an executive said on Thursday. Petrobras, as the Brazilian state-run oil firm is […]
TechnipFMC Awarded Contract For Arctic LNG 2
(Technip, 23.Jul.2019) — TechnipFMC has been awarded a major(1) Engineering, Procurement and Construction (EPC) contract by Novatek and its partners for the Arctic LNG 2 project located in the Gydan peninsula in West Siberia, Russia. This development will consist of three liquefied natural gas (LNG) trains, each with a capacity […]
BPs’s Statistical Review Of World Energy, Edition 2019
(BP, 21.Jun.2019) — BP released its Statistical Review of World Energy, edition 2019, which provides a timely and objective insight into those developments and how that change can begin to be achieved. A link to the document can be found here. ***
Renewables Can Benefit The Upstream Business: WoodMac
(WoodMac, 12.Jun.2019) — One of the hottest topics at APPEA was how to use renewables to benefit an upstream business, rather than replace it. At APPEA, Darwin LNG operator ConocoPhillips said it would be the first LNG facility globally to use batteries to run plant turbines. Similarly, Woodside is installing […]