"Australia" News

Report: New Gas Supply Needed in All Australian Net Zero Pathways

Nov 26, 2023

Australia will still need substantial gas production 26 years from now to ensure reliable and affordable energy in 2050, even under a net zero scenario, according to The future role of natural gas in Australia and the region.EY was commissioned…

Jadestone Energy Doubles Stake in North West Shelf Oil Project Off Australia

Nov 17, 2023

Asia Pacific-focused Jadestone Energy has this week executed a sale and purchase agreement to acquire the non-operated 16.67% working interest in the Woodside-operated Cossack, Wanaea, Lambert, and Hermes ('CWLH') oil fields development, offshore Western Australia…

Australia LNG Workers Vote in Support for Chevron Deal

Oct 30, 2023

An Australian union alliance's members voted in support to endorse deals on pay and conditions at Chevron's two liquefied natural gas (LNG) facilities in Australia, the union said on Tuesday.Earlier this month, the union called off strikes originally planned at the U…

Chevron Australia LNG Unions Agree Deal on Eve of Strikes Resuming

Oct 18, 2023

An Australian union alliance on Wednesday agreed to endorse deals on pay and conditions at Chevron's two liquefied natural gas (LNG) facilities in Australia, ending an impasse that had led workers to threaten renewed strikes this week.The Offshore Alliance…

Australia's Woodside Misses Q3 Revenue Estimate, Narrows Full-year Output Forecast

Oct 18, 2023

Australia's Woodside Energy on Wednesday narrowed its annual production forecast range and capital expenditure outlook after posting a lower-than-expected quarterly revenue.The country's top independent oil and gas explorer now expects to produce…

Chevron Accepts Australian Labour Tribunal's Terms to End Strike at LNG Plants

Sep 21, 2023

Chevron said on Thursday it had accepted recommendations from Australia's labor regulator to end its dispute with unions at its liquefied natural gas (LNG) facilities in Western Australia.The Fair Work Commission of Australia, which has the power to impose a settlement…

APPEA Becomes Australian Energy Producers

Sep 13, 2023

Australian Energy Producers has been unveiled as the new name of the peak body of the nation’s explorers and producers of essential energy.Previously known as the Australian Petroleum Production & Exploration Association (APPEA), the change…

TIMELINE-Chevron LNG Workers Go on Strike, Threatening Global Supply

Sep 11, 2023

Chevron Australia said on Monday it no longer expects to reach a deal with unions and would try an untested legal strategy to stop industrial action at its liquefied natural gas (LNG) facilities as unions prepare for full-scale strikes. The…

Woodside's Unions Settlement Costs at Australia LNG Project Moderate - CEO

Sep 05, 2023

Woodside Energy faces increased costs following negotiations with unions at its Australian liquefied natural gas (LNG) plant, but these will have a relatively modest impact on its overall business, CEO Meg O'Neill told Reuters on Tuesday.Last month…

JERA Sees Muted Impact on LNG Prices from Potential Strike in Australia

Sep 07, 2023

Japan's JERA, one of the world's biggest buyers of liquefied natural gas (LNG), expects a muted impact on the market from a potential strike in Australia thanks to high stocks and low seasonal demand, a top executive said on Thursday.'I think the real impact is not much…

Chevron Australia LNG Workers Start Strike. What Happens Now?

Sep 08, 2023

Workers at Chevron's liquefied natural gas (LNG) projects in Australia, which produce 5.1% of the world's supply of the super-chilled fuel, went on strike on Friday after mediation talks ended without a deal.WHAT'S NEXT?Unions kicked off action with short work stoppages and bans on certain tasks…

Australia Announces 2023 Offshore GHG Storage Acreage Release

Aug 29, 2023

The Australian government has announced that 10 acreage release areas are available for bidding to explore offshore greenhouse gas storage locations.The areas are offshore of Western Australia, Victoria and Tasmania across seven basins: Bonaparte…

Chevron's Union Fight Escalates in Australia

Aug 29, 2023

Chevron's two major LNG production facilities in Australia could face daily work stoppages of up to 10 hours next week after unions on Tuesday threatened labour action in a dispute over pay and conditions.Chevron's Gorgon and Wheatstone projects account for more than 5% of global LNG capacity…

Talks to Avert Strike Called as Chevron Australia LNG Workers Reject Deal

Sep 01, 2023

Planned work stoppages next week at two of Australia's largest liquefied natural gas (LNG) facilities are scheduled to go ahead unless mediation can produce a deal after workers at Chevron rejected the company's offer on pay and conditions.Australia is the world's biggest LNG exporter…

Diamond Offshore's Ocean Apex Starts Drilling off Australia

Aug 21, 2023

Offshore drilling contractor Diamond Offshore announced its semisubmersible rig Ocean Apex has commenced a two-well drilling campaign for Woodside Energy in Australia.The rig recently underwent a five-year special periodic survey at the Seatrium…

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