Australia ///

Woodside sees lower LNG prices as buyers push contract changes

Woodside Petroleum Ltd. expects lower LNG prices as it renegotiates short-term contracts and says buyers across Asia will increasingly resist deals that restrict the reselling of the super-cooled fuel.

Cooper Energy recommences drilling with Callawonga-12 in South Australia

Cooper Energy Limited has announced the recommencement of drilling by the PEL 92 joint venture with the spudding of Callawonga-12, an oil development and appraisal well located in PPL 220 on the western flank of the Cooper basin, South Australia.

Australia LNG export boom nips Santos amid gas pinch at home

After spending billions of dollars constructing a world-class LNG export project in Australia, Santos Ltd. has found itself short of gas.

Gas glut upends global trade flows as buyers find leverage

The market for LNG is about to attract more players and more trading as new supply from the U.S. and Australia strengthens buyers’ bargaining power.

Santos flags $1-billion Gladstone LNG charge on gas supply

Santos Ltd. will take a $1.05-billion writedown on the value of its Gladstone LNG project due to rising prices for third-party natural gas supplies and slower than expected ramp up of its own equity output.

Technip wins subsea contract for Woodside’s Greater Enfield development

Technip has been awarded a large subsea contract by Woodside to support the development of the Greater Enfield Project offshore Western Australia.

Falcon spuds Beetaloo W-1 vertical well in Beetaloo basin, Australia

Falcon Oil & Gas Ltd. has announced the successful re-entry and casing of Amungee NW-1H horizontal well, and the spudding of the Beetaloo W-1 vertical well in the Beetaloo basin, Australia.

ShaleTech: Australia-China shales

Jim Redden, Contributing Editor

Despite state policies, tough economics stymie gas

Searcher Seismic starts 3D reprocessing project in Australia

Searcher Seismic’s Olympus 3D Reprocessing Project in the Carnarvon basin, Western Australia, has commenced processing at DownUnder GeoSolutions’ Perth facility.

Chevron suspends LNG production at Gorgon again after leak

Chevron Corp. halted output at its $54-billion Gorgon LNG development for the second time this year after a gas leak at the site, the latest problem for the Australian mega-project.

TGS announces 2D multi-client survey offshore northwest Australia

TGS has announced the commencement of the Northwest Shelf Renaissance 2D seismic survey offshore northwest Australia. The survey consists of approximately 8,000 km of long offset, broadband 2D seismic data as well as magnetic and gravity data.

Woodside, Mitsui approve $1.9-billion Greater Enfield Project

Woodside and Mitsui E&P Australia have approved the $1.9-billion Greater Enfield Project for development.

50-year-old Australia oil fields spurned in cheap crude age

They’re among the oldest oil fields in Australia still in production. Now they are proving superfluous to some of the world’s biggest producers that are purging high-cost assets to weather crude’s collapse.

Exxon, BHP examining sale of joint Australia assets

Exxon Mobil Corp. and BHP Billiton Ltd. are studying plans to sell depleting energy assets in Australia, including the largest oil field ever discovered in the nation.

Aqualis Offshore wins position keeping contract for Ichthys FPSO

Aqualis Offshore, a marine and offshore engineering consultancy, has signed a contract to provide position keeping services for the installation of the Ichthys LNG Project FPSO.

Santos reports first LNG from GLNG train 2

Santos said Thursday that GLNG train 2 has started producing liquefied natural gas (LNG) on Curtis Island, Queensland.

Australian LNG exports face restrictions in Labor Party plan

New liquefied natural gas projects in Australia, which is forecast to become the world’s largest exporter of the fuel, may need to set aside supplies for domestic use under a policy proposed by the opposition Labor Party.

AWE rejects unsolicited takeover proposal by Lone Star Fund

SYDNEY, Australia -- AWE Limited said Wednesday that it has received an unsolicited indicative, conditional and non-binding proposal from Lone Star Japan Acquisitions, Ltd, on behalf of a Lone Star Fund, to acquire all of the shares in AWE for a cash consideration of A$0.80 per share.

Woodside awards Technip multi-disciplinary engineering services contract

Technip has been awarded an engineering services contract by Woodside to provide multi-disciplinary engineering services as part of an engineering panel.

Chevron names new head of Australia business

Chevron Australia said Thursday that Nigel Hearne, deputy managing director of Chevron Australia and its Australasia Business Unit (ABU), will become managing director of the ABU on June 1, 2016.