Australia's Woodside Petroleum Ltd surprised investors with a fat dividend on Thursday after reporting a 36-percent percent rise in annual profit, underpinned by stronger oil prices.The higher-than-expected payout came after shareholders stumped up $2…
When at plateau production, Prelude FLNG — the world’s largest floating producer of liquefied natural gas, or LNG — will fill one shipborne cargo every week. As production ramps up from test volumes, there’s the dawning realization of a dramatic shift in LNG markets…
Australia's Woodside Petroleum Ltd on Thursday flagged higher-than-expected investment spending for 2019 as it steps up early work on the two big natural gas developments that will drive its growth in the next decade.Australia's largest independent gas and oil producer plans to spend between $1…
The international subsea operating company DOF Subsea said that its subsidiry DOF Subsea Australia Pty Ltd’s existing Subsea Inspection, Maintenance and Repair Contract with Chevron Australia has been extended. DOF Subsea has successfully provided IMR vessel…
Chevron Corp will proceed with the second stage of its giant Gorgon liquefied natural gas (LNG) export plant off the northwest coast of Western Australia, the company said on Saturday.Chevron and its joint venture partners plan to sink 11 new…
The first shipment from Chevron’s Wheatstone liquefied natural gas (LNG) project in Australia has set sail for Japan. Wheatstone is Australia’s first third-party natural gas hub, which will enable future development of natural gas resources offshore Western Australia…
Australia's Woodside Energy has awarded UK-based engineering house Wood a contract for a concept definition study for the Julimar Phase 2 project offshore Australia. Woodside has also awarded Wood a contract for engineering and rig modification services off Australia…
Cue Energy Resources has agreed yet another extension to BP's 42.5% equity option over the exploration permit containing the Ironbark prospect offshore Australia. The extension on WA-359-P, as announced on 13 October 2016, is now extended until 25 April 2018…
Chevron has started LNG production at the Wheatstone Project in Western Australia. The first cargo is on track to be shipped in the coming weeks. At full capacity, the Wheatstone Project's two train LNG facility will supply 8.9 MTPA of LNG for export to Asia…
Australia-based Beach Energy will farm into two adjoining permits in the Carnarvon Basin offshore Western Australia that contain the gas-condensate prospect Ironbark. Ironbark map. Source: Cue Under the agreement…
Chevron Australia and its 50:50 partner Woodside Energy have acquired exploration interests in three blocks in the Northern Carnarvon Basin off the Western Australia coast. Map of new acreage, from Chevron…
Cue Energy Resources has granted a further extension to supermajor BP to mull over the option of acquiring stake in the Ironbark prospect offshore Western Australia. Ironbark. Map from Cue. BP…
BP is getting an extension from Cue Energy Resources that will allow the UK supermajor more time to consider acquiring 42.5% stake in the permit in which the Ironbark prospect is thought to straddle on Australia’s North West Shelf. Map of Ironbark…
Although Australia has some of the most progressive fiscal regimes for offshore oil and gas, the country is being short-changed in LNG exports, which is on the verge of further expansion this year. Audrey Raj reports. Shell’s…
Chevron posted total earnings of US$415 million for Q4 2016, however, posted a loss for full-year 2016 that the US supermajor says were due to the low oil prices. Image from Chevron. Chevron’s Q4 2016 earnings reflected a gain…
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