WorldOil Santos seen luring more bids after rejecting $7.2-billion offer A bid for Santos Ltd. may trigger counter offers for the Australian oil and gas producer that has stakes in some of the world’s cheapest liquefied natural gas. Woodside tumbles most in 16 months after Shell to sell stake Woodside Petroleum Ltd. fell the most in 16 months after Europe’s biggest oil company, Royal Dutch Shell Plc, said it would offloaded its entire holding in the Australian liquefied natural gas producer for $2.7 billion. Shell further reduces its interest in Woodside Shell’s subsidiary, Shell Energy Holdings Australia Limited (SEHAL), has entered into an underwriting agreement with two investment banks, for the sale of 71.6 million shares in Woodside, representing 64.0% of its interest in Woodside and 8.5% of the issued capital in Woodside. Pilot Energy announces sale of WA-507-P in Exmouth Plateau Pilot Energy is pleased to announce that the WA-507-P Joint Venture (Pilot Energy, 80%) has resolved to market for sale an unencumbered 100% interest in the permit, WA-507-P. The sale will allow Pilot to focus on its Perth basin interests. EnerMech secures hose supply, services contract for Shell's Prelude Australia Project Global engineering and maintenance services provider, EnerMech, has been awarded a five-year contract for hose and hose fittings supply and services for Shell’s Prelude FLNG Facility in Western Australia. ITF HyJump JIP to study hydrate blockage risk in subsea jumpers The University of Western Australia (UWA) is leading a joint industry project (JIP), supported by the Industry Technology Facilitator (ITF), to provide industry with a better understanding of the mechanism of hydrate growth and blockages. Chevron begins LNG production at Wheatstone, Western Australia Chevron Corporation has announced that it has started producing liquefied natural gas (LNG) at the Wheatstone Project in Western Australia. The first cargo is on track to be shipped in the coming weeks. Australia's Beach Energy to buy Lattice Energy in $1.25-billion deal Australia’s Beach Energy Ltd. agreed to buy Origin Energy Ltd.’s conventional oil and gas business, Lattice Energy, for A$1.59 billion ($1.25 billion) in a deal set to triple the Adelaide-based company’s reserves. Northwest Energy encounters hydrocarbons in Xanadu prospect Northwest Energy has confirmed that Xanadu-1 has intersected hydrocarbon bearing reservoirs demonstrated by elevated gas readings, oil shows, fluorescence and cut-fluorescence whilst drilling reservoir sections. Shell sees gas shortage risk triggering Australia LNG export cut The world’s second-biggest liquefied natural gas exporting nation will probably curb shipments next year to avoid a domestic shortfall of the fuel, according to the Australian head of Royal Dutch Shell Plc.