Tagged Australia

Global Energy Ventures, CIMC Raffles extend LoI

Rate this article By Jasmina Ovcina Australia’s Global Energy Ventures (GEV), a developer of global integrated marine compressed natural gas (CNG) projects, and Yantai CIMC Raffles Offshore Limited (CIMC Raffles) have extended their Letter of Intent (LoI) to build the CNG Optimum 200 ships. The extension is for six months through to December 31, 2020,…

Chevron wraps up Puma acquisition in Australia

Rate this article By Mirza Duran US energy giant and LNG operator Chevron has completed the acquisition of Puma Energy’s Australian commercial and retail fuels business. Image: Chevron Singapore’s Puma Energy, majority-owned by Trafigura and Sonangol, sold all off shares and equity interests in the Australian business to Chevron’s downstream unit. The deal has a…

Shell flags $15-$22 billion Q2 impairments

Rate this article By Adnan Bajic The Hague-based giant Shell issued an update on its second-quarter outlook, flagging impairments in the range of $15 to $22 billion. Courtesy of Shell Shell’s Integrated Gas business expects $8 – $9 billion impairment charges in the quarter, primarily in Australia including a partial impairment of the QGC and…

Australia: LNG export earnings forecast to dip

Rate this article By Adnan Bajic Australia’s LNG capacity expansion is nearing its end and although the country has taken over the LNG exporter top spot in 2019-20, the earnings are expected to dip. Courtesy of Woodside In its Resources and Energy Quarterly report, Australia’s Department of Industry, Science, Energy and Resources, noted that the…

Australia’s Woodside in management reshuffle

Rate this article By Mirza Duran Australia’s largest LNG producer and energy giant Woodside unveiled this week a new management […] The post Australia’s Woodside in management reshuffle appeared first on Offshore… … Read Full Article Here For more great articles: Offshore Energy Today

Shell expects Prelude FLNG restart before Q3

Rate this article By Mirza Duran LNG giant Shell expects to restart its Prelude FLNG facility offshore Western Australia before […] The post Shell expects Prelude FLNG restart before Q3 appeared first on Offshore Energy. … Read Full Article Here For more great articles: Offshore Energy Today

Chevron selling stake in Australia’s NWS LNG project

Rate this article By Mirza Duran US energy giant Chevron is selling its stake in the Australian North West Shelf […] The post Chevron selling stake in Australia’s NWS LNG project appeared first on Offshore Energy. … Read Full Article Here For more great articles: Offshore Energy Today

NOPSEMA looking at BHP’s Crosby light well intervention plan

Rate this article By Bojan Lepic Australia’s National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) has taken BHP’s plan for the Crosby-3H1 light well intervention under consideration. The post NOPSEMA… … Read Full Article Here For more great articles: Offshore Energy Today

EnergyQuest: COVID-19 hampers Australian May LNG exports

Rate this article By Adnan Bajic Australian liquefied natural gas (LNG) exports are starting to see the impacts of the COVID-19 pandemic and the global oversupply. Courtesy of Inpex In its latest monthly report, energy consultancy EnergyQuest, noted the Australian LNG shipments in May were down by seven cargoes when compared to April. This was…

Elixir Energy plans small-scale Mongolia LNG plant

Rate this article By Mirza Duran Australia-based Elixir Energy said it has recently signed a deal with Mongolia’s MT Group to develop a small-scale LNG plant in the South Gobi region. MT Group service station (Image: Elixir Energy) The LNG facility would supply fuel to the South Gobi’s large coal trucking fleet, according to a…