Chevron on Friday revised slightly lower an earlier future production target due to prolonged but uncertain lower oil prices, while at the same slashing its capital spending for 2016 by 25% compared to this year. The company now sees ...
Tags: Chevron, oil prices, shale oil
Despite its many advantages, natural gas is losing ground globally to its rivals while buyers and sellers struggle to agree on what constitutes a fair price, the International Energy Agency said in a report published Tuesday. In its ...
Tags: Natural Gas, Coal
More than half of Asia's gas needs will be supplied by LNG by 2030, Santos Ltd CEO David Knox said Thursday, adding that this will provide the Australian LNG exporter opportunities to grow. Speaking from the Brisbane Mining Club, Knox ...
Tags: Gas, Chemicals, Metallurgy, Mineral, Energy
Australia is due for a second wave of LNG project development, despite spiraling costs that have hindered further progress in recent years, Santos Vice President of LNG Markets and Eastern Australia Commercial Peter Cleary said. Speaking ...
Tags: LNG Development, LNG Markets
Gas buyers in Asia are facing the same problems of high prices and a monopolistic market that their counterparts in Europe faced a decade or so ago, but there is no equivalent regulatory body that can force suppliers to change their ...
Tags: Gas Markets, Europe's Dilemma
A record number of European oil and gas companies will descend on Perth for the 2014 Australasian Oil & Gas Exhibition & Conference (AOG). For the first time Belgium and Denmark will have a strong presence on the exhibition floor and the ...
Tags: Oil News, Gas News, European Contingent
In connection with Woodside's sale of equity in the Browse LNG Development to Japan Australia LNG (MIMI Browse) Pty Ltd (MIMI) and advised to the ASX on 1 May 2012: • Woodside and MIMI entered into an agreement (JMA) to jointly ...
Hundreds of delegates from countries representing 90% of the global LNG trade returned to Tokyo this year to hash out the debate started years ago by the discovery of new North American and African gas supplies -- whether to move away from ...
Tags: Oil, Metallurgy, Mineral, Energy
PetroChina has received Chinese and Australian federal government approval to acquire from ConocoPhillips a 29% stake, valued at around A$32 million ($29 million), in a shale gas joint venture in Western Australia's Southern Canning Basin, ...
Tags: Chemicals, Metallurgy, Mineral, Energy, oil
A combination of new supply sources and rising costs at home could mean Australia's burgeoning LNG sector losing ground to new players, several speakers at an oil industry conference in Brisbane warned this week. On Sunday the chief ...
Tags: Australian LNG, New Supply
It's reported that Japan's Nippon Steel & Sumitomo Metal Corp. (NSSMC) said that it has received orders for steel pipe piles with inner rib for the Australian Ichthys liquefied natural gas (LNG) project, together with Nippon Steel & Sumikin ...
Tags: Metallurgy, Mineral, Energy, steel
Australia's Liquefied Natural Gas Limited has signed an exclusive lease option agreement with the US' Lake Charles Harbour and Terminal District Authority for the site of its proposed Magnolia LNG project in Louisiana, the company said ...
Tags: Liquefied Natural Gas, Magnolia LNG project, chemicals
The Asian LNG spot price is expected to peak at an average of $16.90/MMBtu in 2013, with the LNG market expected to tighten further and freight rates to remain high, Goldman Sachs said in a report released late Monday. "The Japan ...
Tags: LNG spot price, LNG market, Asia
The cost of the Gorgon LNG project offshore Western Australia has grown 40.5% to $52 billion, operator Chevron said Wednesday. A cost and schedule review has been completed, with the total cost estimate for the "foundation project" up ...
Tags: capital program, cost and schedule review, foundation project