• Woodside signs off on COP28 Oil and Gas Decarbonisation Charter


    Woodside signs off on COP28 Oil and Gas Decarbonisation Charter

    Woodside Energy has become as signatory to the Oil and Gas Decarbonisation Charter launched at the United Nations Climate Change Conference COP28 in the United Arab Emirates. The voluntary Charter was launch... more

  • TotalEnergies completes sale of its Canadian assets to Suncor


    TotalEnergies completes sale of its Canadian assets to Suncor

    TotalEnergies has finalised the sale of the company’s TotalEnergies EP Canada Ltd shares to Suncor — including its 31.23 per cent working interest in the Fort Hills oil sands mining project and other associ... more

  • ARENA funds WA renewable hydrogen study


    ARENA funds WA study into hydrogen production and transport

    Energy infrastructure business APA Group and chemical manufacturing company Wesfarmers Chemicals, Energy and Fertilisers (WesCEF) are set to investigate producing and transporting renewable hydrogen through an ... more

  • Service contractors exempt from proposed labour hire laws


    Service contractors exempt from proposed labour hire laws

    Following negotiations between AREEA and the federal government, contracting businesses delivering services to resources, energy and all other sectors of the Australian economy will be exempt from proposed new ... more

  • Woodside signs off on COP28 Oil and Gas Decarbonisation Charter
  • TotalEnergies completes sale of its Canadian assets to Suncor
  • ARENA funds WA study into hydrogen production and transport
  • Service contractors exempt from proposed labour hire laws

Australian court ruling halts work on Santos’ Barossa pipeline

According to the recent decision made be the Federal Court of Australia, Australian oil and gas exploration and production company — Santos Ltd — can commence on an 86 kilometre section of pipeline for the Barossa Gas Export Pipeline (GEP). However, no activity is to occur south of kilometre point 86 (KP86). The court has set 4 December 2023 as the commencement date of the hearing of a case brought forth by a traditional land owner from the Tiwi Islands, Simon Munkara, as he seeks to halt all project works until the pipeline’s environmental plan has been revised and accepted…

High steel demand threatens supply for gas industry, Rystad finds

A vigorous recovery from the global aerospace industry has increased demand for nickel, a key aircraft component prized for its corrosion resistance, high strength and exceptional mechanical properties. This could inadvertently complicate or delay new energy infrastructure developments by diverting metal supply from critical sectors such as upstream, offshore and liquefied natural gas (LNG) terminals, which use nickel for various equipment applications in extreme environments. Aerospace customers procuring high volumes at premium prices are further extending lead times and increasing spot prices of these materials, particularly in Europe and the US. According to Rystad Energy analysis, this has led to…

Brookfield and EIG confirm new offer for Origin Energy

A consortium — comprised of Brookfield Asset Management, its institutional partners, listed affiliate Brookfield Renewable Partners and global institutional investors — has increased its bid to acquire Origin by $0.69 per share, or $1,200 million, to $9.53 per share. The global institutional investors involved include: GIC,  Temasek and MidOcean Energy — an LNG company formed and managed by EIG. The revised total cash payment is above the Independent Expert's Report's (IER) valuation range of $8.45 to $9.48 share and represents an increase of approximately 8 per cent above its previous proposal of $8.81 per share. Brookfield Asia Pacific CEO Stewart…

Rystad Energy finds Russian crude exports exceeded targets

Russian crude exports in October significantly exceeded the country’s target, based on initial Rystad Energy estimates of seaborne volumes, as the nation was unable to fulfil its 300,000-barrels-per-day (bpd) voluntary crude export cut. Seaborne exports in October, excluding CPC and KEBCO crude grades, totalled 3.54 million bpd and exceeded the target by around 300,000 bpd. Considering the seasonal increase in pipeline exports in October, Rystad Energy preliminarily estimates that total exports will exceed the target level by about 400,000 bpd. It is likely that Russia will argue that this lack of compliance with agreed OPEC+ cuts is due to its…

Woodside remains as one of Australia’s largest taxpayers

Woodside is one of the country’s largest taxpayers, with the company paying in total more than $18 billion in Australian taxes and royalties. The company paid $3.7 billion in taxes and royalties to the Australian federal and state governments in the first half of 2023. Woodside has also reported a 42 per cent all-in effective tax rate in respect of its global profits — excluding one-off items — in the first half of this year. The company’s Australian taxes are paid by a number of Woodside entities: Woodside Energy Group Limited, the 90 per cent owned ‘Burrup’ entities, Burrup Facilities…

Production of biofuels gains traction for energy transition: GlobalData

Renewable fuels — biofuels that are produced using advanced biomass such as wastes from agriculture, forestry, food processing and non-edible crops — are rapidly gaining popularity among refiners globally due to their potential role in the global energy transition. GlobalData’s thematic report Biofuels provides an overview of the global biofuels industry and its potential role in the global energy transition. It benchmarks leading companies, such as Neste, Marathon Petroleum, Valero, and Phillips 66, based on their active and upcoming capacity in renewable fuels. It also evaluates the industry, technology, and regulatory trends within the biofuels industry. GlobalData Oil and Gas…

Offshore approval process averages 562 days or more

Australia’s oil and gas industry has urged the Commonwealth to immediately fix the broken offshore regulatory system after the backlog of energy supply and carbon capture projects awaiting approval was revealed. Senate estimates heard how plans have been sitting in the approval process for an average of 562 days for exploration and for 400 days on average for development — as a result of regulatory uncertainty following a Federal Court ruling last year. Projects that didn’t have any problems had an average wait time of around 180 days, depending on the plan. The National Offshore Petroleum Safety and Environmental Management…