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Australia LNG Strikes Would Need to Last Over a Month to Spike Prices, Analysts Say

Aug 22, 2023

Threatened strikes by workers at Australian liquefied natural gas (LNG) providers would need to last more than a month to significantly push up global prices, analysts said this week.The Woodside Energy and Chevron operations supply about 10%…

Taiwan's CPC says it has Australian Approval for Dorado Project

Aug 16, 2023

Taiwan's state-owned energy company CPC said Wednesday it had received Australian government approval to acquire four subbasin permits in oilfields off Western Australia from Carnarvon Energy.CPC's subsidiary OPIC Australia Pty Ltd reached the deal with Carnarvon in February…

Outcome of Chevron, Woodside, Australian Unions Talks May Take Days

Aug 15, 2023

Negotiations between Chevron, Woodside Energy Group, and Australian unions on Tuesday are unlikely to yield results for days because unions will need to consult members on any decision, according to a source with knowledge of the matter that was not authorized to speak to media…

LNG's Calm Veneer Stripped by Australia Strike Threat

Aug 14, 2023

The comfort that had characterised natural gas markets in Asia and Europe in recent months was shown to be a mere illusion by the threat of strike action at three major Australian liquefied natural gas (LNG) plants.In the blink of eye, a market…

Australia regulator clears way for strike vote at Chevron's Wheatstone, Gorgon LNG Plants

Aug 11, 2023

Australia's labor regulator cleared the way for strike action at Chevron's Wheatstone and Gorgon liquefied natural gas (LNG) facilities if workers vote in favor of such a step, fuelling concerns the country's exports could be cut.The Fair Work…

Jadestone Energy Working to Address Tank Defect on Montara Venture FPSO

Aug 10, 2023

Asia Pacific-focused Jadestone Energy, which last month shut down production from its Montara Venture FPSO off Western Australia due to an issue with the FPSO's 4S ballast water tank,is still working to address the defect in the tank.Jadestone Energy said Thursday that since the shutdown…

Chevron, Woodside in Talks to Avert Strikes in Australia

Aug 10, 2023

Chevron and Woodside Energy Group said on Thursday they are holding talks with unions to avert threatened strikes at gas facilities that together supply about 10% of the global LNG market.Concerns over potential industrial action at three Australian LNG operations - North West Shelf…

Japan's Inpex Raises Profit Forecast, Seeks to Boost Value

Aug 09, 2023

On Wednesday, Japanese oil and gas explorer Inpex raised its full-year net profit forecast by 7% and announced measures to boost the company's value and shareholder returns, including a dividend increase and share buyback.To address the country's number of undervalued stocks…

Beach Energy Names Woods as CEO, as Engelbrecht Ends Tenure

Aug 09, 2023

Australian oil and gas company Beach Energy has named Brett Woods as Managing Director and Chief Executive Officer to start on February 21, 2024, or such other date as mutually agreed. Morné Engelbrecht has today ended his tenure as CEO of Beach Energy…

Woodside to Sell 10% Stake in Scarborough Project to LNG Japan

Aug 08, 2023

Australian oil and gas giant Woodside has agreed to sell a 10% stake in the Scarborough joint venture in Australia to LJ Scarborough Pty Ltd (LNG Japan).The Scarborough Joint Venture comprises the Scarborough field and associated offshore and subsea infrastructure…

Floatel Secures 6-Month Contract for Floatel Triumph in Australia

Aug 01, 2023

Offshore accommodation rig provider Floatel International said Tuesday it had secured a contract for its Floatel Triumph semi-submersible unit in Australia.Floatel said that the contract was with 'a major Australian operator.' Under the six-month firm contract…

Australian State Bans Gas to New Homes from 2024 in Push to Cut Emissions

Jul 28, 2023

The Australian state of Victoria will ban natural gas connections to new homes from next year as part of a plan to cut emissions and lower energy bills, the state climate action minister said on Friday.Australia's second-most populous state…

Siem Offshore's AHTS Vessels Win Work in Australia

Jul 26, 2023

Norwegian offshore vessel operator Siem Offshore has secured a medium-term contract for two AHTS vessels.Siem Offshore said Tuesday that the contracts were for its 2010-built Siem Aquamarine and 2011-built Siem Amethyst AHTS vessels.The company did not say who the client was exactly…

Australian Gov't Says Hunter Area Suitable of Offshore Wind Farms

Jul 13, 2023

The Australian Government has declared an area in the Pacific Ocean off the Hunter, New South Wales (NSW) as suitable for future offshore wind development.The announcement follows the declaration of Gippsland off the Victorian coast and will improve energy security…

McDermott Chosen for Offshore Decommissioning Work in Australia

Jul 10, 2023

Offshore energy industry services provider McDermott has secured a contract for offshore decommissioning work in Australia with the oil and gas firm Woodside Energy.The contract calls for the complete removal of the Stybarrow disconnectable…

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