Australasia ///

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.

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.

Xodus advises Japan on decommissioning trends

Xodus Group has delivered a decommissioning ‘trend survey’ to JOGMEC (Japan Oil & Gas and Metals National Corporation) to provide Japanese oil and gas companies with a better understanding of the decommissioning process and how to manage their global asset and abandonment liabilities.

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.

Wood Group wins five-year contract supporting INPEX's Ichthys LNG development

Wood Group has secured a new, five-year contract with INPEX Operations Australia Pty Ltd. to provide subsea engineering services for the integrity of the INPEX-operated Ichthys LNG Project, offshore Western Australia.

Ichthys LNG Project’s giant FPSO safely moored in Ichthys field

The INPEX-operated Ichthys LNG Project’s floating production, storage and offloading facility (FPSO) was safely moored in Ichthys field, 220 km off the north coast of Western Australia.

Atwood Oceanics announces new agreement with Australian offshore employees

Atwood Oceanics, Inc. has announced that the offshore employees of its Australian operating subsidiary have approved a new, four-year Enterprise Bargaining Agreement (EBA).

Woodside expects Qatar to target new LNG buyers with supply wave

Woodside Petroleum, Australia’s largest LNG producer, expects rival Qatar to target the emerging markets of India and Pakistan with a new wave of supply next decade.

Shell's Prelude FLNG facility arrives in Australia

Shell Australia today confirmed that its Prelude floating liquefied natural gas (FLNG) facility has arrived in Australian waters.

Australia's Woodside Petroleum posts 6.8% drop in second-quarter output

Woodside Petroleum reported a 6.8% fall in oil and gas output in the June quarter due to planned and unplanned outages and a previously flagged reduction in its share of pipeline gas from the North West Shelf.

INPEX reports sail-away of FPSO Ichthys Venturer

INPEX Corp. (INPEX) announced today that the INPEX-operated Ichthys LNG Project’s floating production storage and offloading (FPSO) facility—Ichthys Venturer—sailed away on July 18 from waters near its construction site in Okpo, South Korea, en route to Ichthys gas-condensate field offshore Western Australia, following the completion of shipyard commissioning and preparation work.

Oil Search output dips as PNG LNG June production hits record

Australia's Oil Search said on Tuesday that its second quarter output had slipped from the previous quarter due to maintenance, but production in June at its main asset, the PNG LNG project, had hit a record rate.

Prelude FLNG begins its journey to Australia

Royal Dutch Shell’s Prelude floating liquefied natural gas (FLNG) facility left the Samsung Heavy Industries shipyard in Geoje, South Korea this morning, marking a significant milestone for the project.

Shell's $1-billion New Zealand sale said to draw OMV, Vermilion

Royal Dutch Shell Plc’s sale of its remaining New Zealand energy assets has drawn interest from companies including OMV AG and Vermilion Energy Inc., people with knowledge of the matter said.

Senex Energy commences Phase 2 drilling campaign in Surat basin

Senex Energy Limited has announced that it has commenced its Phase 2 drilling campaign in the Surat basin on its flagship Western Surat Gas Project.