GAS INDUSTRY

Australia to slip in LNG ranking

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Original article by Angela Macdonald-Smith
The Australian Financial Review – Page: 19 : 27-Jun-18

The International Energy Agency’s latest gas market report notes that global demand for natural gas increased by three per cent in 2017. This was primarily due to rising gas consumption in China as part of the nation’s strategy to improve air quality. Meanwhile, the IEA forecasts that the global LNG market will grow by nearly 30 per cent over the next five years. Much of this growth will be due to higher production by the US, which is forecast to supplant Australia as the second-largest LNG exporter by 2023.

CORPORATES
INTERNATIONAL ENERGY AGENCY

Drones, digital tech offer savings for oil firms

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Original article by Angela Macdonald-Smith
The Australian Financial Review – Page: 26 : 15-Apr-16

Unscheduled downtime at LNG projects is estimated to cost about $US11m per day, according to General Electric. Lorenzo Simonelli, the CEO of the conglomerate’s GE Oil & Gas division, says technology can be utilised to minimise such disruptions. This could include the use of drones to monitor the condition of offshore oil or gas platforms and detect leaks, and the use of predictive analysis to determine the likelihood that oil and gas equipment will break down.

CORPORATES
GENERAL ELECTRIC COMPANY, GE OIL AND GAS, CONOCOPHILLIPS, SIEMENS AG, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, WOODSIDE PETROLEUM LIMITED – ASX WPL

Energy M&A on rise as new players emerge

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Original article by Angela Macdonald-Smith
The Australian Financial Review – Page: 24 : 3-Mar-16

Herbert Smith Freehills partner Rob Merrick says expectations that the downturn in the crude oil price will be sustained may prompt consolidation in the global oil and gas industry. Many Australian-listed energy groups announced asset writedowns during the February 2016 reporting season, but Merrick says they are at less risk of being forced sellers of assets than their overseas peers. The law firm says private equity firms, pension funds and infrastructure funds may actively pursue oil and gas industry acquisitions.

CORPORATES
HERBERT SMITH FREEHILLS PTY LTD, ROYAL DUTCH SHELL PLC, BG GROUP PLC, WOODSIDE PETROLEUM LIMITED – ASX WPL, SENEX ENERGY LIMITED – ASX SXY, SANTOS LIMITED – ASX STO, MITSUI AND COMPANY LIMITED, APACHE CORPORATION, FIRST OIL EXPRO LIMITED, THE BLACKSTONE GROUP LP, THE CARLYLE GROUP, OAKTREE CAPITAL MANAGEMENT LLC, NATIONAL GRID TRANSCO

Oil and gas on U-shape recovery, says AMEC

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Original article by Jenny Wiggins
The Australian Financial Review – Page: 23 : 10-Apr-15

AMEC Foster Wheeler CFO Ian McHoul expects difficult conditions in the oil and gas sector for another 1-2 years. He suggests that the eventual upturn in the sector is more likely to be U-shaped rather than V-shaped. The UK-based engineering group’s growing clean energy business is helping to offset falling demand for oil and gas industry services. The group is interested in Australian acquisitions

CORPORATES
AMEC FOSTER WHEELER PLC, WORLEYPARSONS LIMITED – ASX WOR, KBR INCORPORATED, FLUOR CORPORATION, AECOM, JACOBS ENGINEERING GROUP INCORPORATED, UBS HOLDINGS PTY LTD

Lively second half tipped for oil, gas M&A

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Original article by Angela Macdonald-Smith
The Australian Financial Review – Page: 40 : 2-Apr-15

Wood Mackenzie has forecast an upturn in mergers and acquisitions activity in the oil and gas sector in the second half of 2015, due to the downturn in the crude oil price. The price of Brent crude oil was trading at around $US55 per barrel on 1 April, compared with $US115 in mid-2014. Wood Mackenzie also expects growth in demand for LNG in Asia to slow in response to the falling price of oil

CORPORATES
WOOD MACKENZIE, WOODSIDE PETROLEUM LIMITED – ASX WPL