LIQUEFIED NATURAL GAS INDUSTRY – AUSTRALIA

Woodside boss rejects west-east gas pipeline

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Original article by David Swan
The Australian – Page: 22 : 14-Nov-18

The economic viability of a gas pipeline linking Australia’s east and west coasts has been questioned by Woodside Petroleum CEO Peter Coleman. He argues that a "virtual pipeline" linked to LNG import terminals would be a more sensible solution to the east coast gas crisis than the construction of a west-east pipeline, which would cost around $5bn. Coleman has also advocated an increase in Australia’s hydrogen exports.

CORPORATES
WOODSIDE PETROLEUM LIMITED – ASX WPL, THE MELBOURNE MINING CLUB

BHP backs Scarborough project

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Original article by Matt Chambers
The Australian – Page: 20 : 25-Oct-18

Woodside Petroleum aims to commence development of the Scarborough gas field in 2020, after buying ExxonMobil’s stake earlier in 2018. Development of the project will boost the struggling petroleum division of BHP Billiton, Woodside’s partner in Scarborough. Steve Pastor, the head of BHP’s oil and gas operations, says the resources giant is upbeat about Scarborough, whose development had stalled under the joint ownership of ExxonMobil. BHP’s oil and gas production could fall to its lowest level in 20 years in 2018, following the sale of its US shale assets.

CORPORATES
WOODSIDE PETROLEUM LIMITED – ASX WPL, BHP BILLITON LIMITED – ASX BHP, EXXONMOBIL CORPORATION, ENERGY INTELLIGENCE GROUP INCORPORATED, ORGANISATION OF PETROLEUM EXPORTING COUNTRIES

Woodside may back Timor gas export plant

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Original article by Perry Williams
The Australian – Page: 22 : 3-Oct-18

ConocoPhillips’ deal to sell its 30 per cent stake in the Sunrise gas field to the Timor-Leste government may prompt Woodside Petroleum to resume negotiations over development of the Timor Sea resource. There is speculation that Woodside may be more open to processing gas at a greenfields plant on Timor-Leste in the wake of ConocoPhillips’ move. Woodside has a 33 per cent stake in Sunrise and it is the operator of the project.

CORPORATES
WOODSIDE PETROLEUM LIMITED – ASX WPL, CONOCOPHILLIPS, ROYAL DUTCH SHELL PLC, OSAKA GAS COMPANY, SANTOS LIMITED – ASX STO, WOOD MACKENZIE, CREDIT SUISSE (AUSTRALIA) LIMITED

Santos planning to double gas output by 2025 thanks to Quadrant buy

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Original article by Matt Chambers
The Australian – Page: 17 & 27 : 27-Sep-18

Oil and gas major Santos has forecast that its annual production could top 100 million barrels of oil equivalent by 2025. The proposed acquisition of Quadrant Energy and its Dorado oil find will be the main driver of growth in output. Santos has also told analysts that production in the Cooper Basin could rise by around 20 per cent by 2025, while MD Kevin Gallagher says the Narrabri coal seam gas project could further boost the company’s output if it receives government approval.

CORPORATES
SANTOS LIMITED – ASX STO, QUADRANT ENERGY PTY LTD, WOODSIDE PETROLEUM LIMITED – ASX WPL, HARBOUR ENERGY LIMITED, BEACH ENERGY LIMITED – ASX BPT, CREDIT SUISSE (AUSTRALIA) LIMITED

China looks to Australian gas in trade war

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Original article by Glenda Korporaal
The Australian – Page: 19 & 27 : 26-Sep-18

Wang Shouwen, China’s vice-minister of commerce, has signalled that the nation could increase its LNG imports from Australia as a result of the trade war with the US. China retaliated to the Trump administration’s latest round of tariff hikes by imposing a tariff of 10 per cent on US LNG imports, and this could rise to 25 per cent. The tariff on US LNG will give Australian producers a price advantage, and could ensure that new LNG projects in Australia and Papua New Guinea proceed.

CORPORATES
CHINA. MINISTRY OF COMMERCE, WOODSIDE PETROLEUM LIMITED – ASX WPL, CHEVRON CORPORATION, SANTOS LIMITED – ASX STO, OIL SEARCH LIMITED – ASX OSH, UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT

Tariff war fuels LNG prospects

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Original article by Matt Chambers, Perry Williams
The Australian – Page: 17 & 20 : 20-Sep-18

Saul ­Kavonic of Credit Suisse says China’s move to impose a tariff on LNG imports from the US will make Australian-sourced gas more price-competitive. China has announced plans to subject US LNG to a tariff of 10 per cent, which will rise to 25 per cent in 2019, in retaliation for the Trump administration’s plans for similar tariff hikes on $US200bn worth of Chinese goods. The growing US-China trade war could also increase the likelihood that proposed LNG projects in Australia and Papua New Guinea will proceed.

CORPORATES
CREDIT SUISSE (AUSTRALIA) LIMITED, UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT, WOODSIDE PETROLEUM LIMITED – ASX WPL, SANTOS LIMITED – ASX STO, OIL SEARCH LIMITED – ASX OSH, RBC CAPITAL MARKETS, S&P GLOBAL PLATTS, CITIGROUP PTY LTD, PETROCHINA COMPANY LIMITED, IGM LIMITED, LIQUEFIED NATURAL GAS LIMITED – ASX LNG, WOOD MACKENZIE, FORTESCUE METALS GROUP LIMITED – ASX FMG, BHP BILLITON LIMITED – ASX BHP, RIO TINTO LIMITED – ASX RIO

Browse fields deal looms for Woodside

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Original article by Angela Macdonald-Smith
The Australian Financial Review – Page: 17 : 20-Jul-18

The partners in the North West Shelf venture have agreed to allow the LNG plant at Karratha to process third-party gas. This will include gas from Woodside Petroleum’s Browse LNG project. The North West Shelf’s gas reserves are expected to be exhausted some time after 2021, and the deal for third-party gas processing will extend the life of the Karratha plant. Meanwhile, Woodside has advised that it produced 22.1 million barrels of oil equivalent in the June quarter, while its sales totalled $US1.08bn.

CORPORATES
WOODSIDE PETROLEUM LIMITED – ASX WPL, BHP BILLITON LIMITED – ASX BHP, CHEVRON CORPORATION, ROYAL DUTCH SHELL PLC, JP MORGAN AUSTRALIA LIMITED

Santos in $400m bid to lift gas supply

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Original article by Angela Macdonald-Smith
The Australian Financial Review – Page: 17 : 1-Jun-18

Santos has confirmed that it will proceed with the Arcadia gas project in Queensland’s Bowen Basin, which will boost coal-seam gas supplies to the Gladstone LNG plant by 75 terajoules a day. Santos drilled 13 gas wells in a pilot project at Arcadia, and the full project will comprise 137 wells and associated infrastructure. About 300 jobs are expected to be created during the construction phase, while Santos MD Kevin Gallagher says Arcadia should help put downward pressure on east coast gas prices.

CORPORATES
SANTOS LIMITED – ASX STO, GLADSTONE LNG PTY LTD, PETRONAS GAS BHD, TOTAL SA, KOREA GAS CORPORATION, QUEENSLAND. DEPT OF NATURAL RESOURCES AND MINES

Barossa fires up Santos hopes of Darwin LNG

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Original article by Paul Garvey
The Australian – Page: 20 : 24-Apr-18

The partners in the Barossa gas field have committed to undertaking front-end engineering and design work on the project, with a view to making a final investment decision by the end of 2019. The partners propose to process gas from Barossa at the Darwin LNG plant, which will be underutilised when the Bayu-Undan gas field is depleted in coming years. Santos has a 25 per cent stake in the Barossa gas field and an 11.5 per cent stake in the Darwin LNG project.

CORPORATES
SANTOS LIMITED – ASX STO, CONOCOPHILLIPS, SK GROUP, HARBOUR ENERGY LIMITED, WOODSIDE PETROLEUM LIMITED – ASX WPL, ROYAL DUTCH SHELL PLC

Woodside cool on play for rival Santos

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Original article by Angela Macdonald-Smith
The Australian Financial Review – Page: 13 & 16 : 19-Apr-18

Woodside Petroleum has advised that its sales rose by 18 per cent to $US1.169bn in the March 2018 quarter. The oil and gas group’s production rose from 21.4 million barrels of oil equivalent in the March 2017 quarter to 22.2 million boe, with the result being boosted by the contribution from its 13 per cent stake in the Wheatstone LNG project. CEO Peter Coleman has downplayed speculation that Woodside could bid for Santos, stressing that the Browse and Scarborough gas fields are its priorities.

CORPORATES
WOODSIDE PETROLEUM LIMITED – ASX WPL, SANTOS LIMITED – ASX STO, CHEVRON CORPORATION, HARBOUR ENERGY LIMITED, JP MORGAN AUSTRALIA LIMITED