News

  • MidOcean Energy acquires SK's stake in Peru LNG

    NEWS

    MidOcean Energy acquires SK’s stake in Peru LNG

    MidOcean Energy, managed by EIG, has completed its acquisition of SK earthon's 20 per cent interest in Peru LNG (PLNG) — the first LNG export facility in South America. This strategic move strengthens MidO... more

  • Renewables drive down wholesale prices

    NEWS

    Gas prices up, but renewables drive down wholesale prices

    In the first quarter of 2024, Australia's shift towards renewable energy generation continued to impact the country's electricity landscape, with renewable sources contributing 39 per cent to the grid, up from ... more

  • LNG remains top choice for lower-carbon shipping

    NEWS

    LNG remains top choice for lower-carbon shipping

    Liquefied natural gas (LNG) continues to be the fuel of choice for lower-carbon shipping, according to analysis by Rystad Energy, despite the rise in orders for vessels equipped with dual-fuel methanol and ammo... more

  • US reimposes Venezuela oil sanctions with door open for special licenses

    NEWS

    US reimposes Venezuela oil sanctions with door open for special licences

    The Biden Administration has announced the reimposition of sanctions on the oil industry in Venezuela, maintaining its stance that without a fair election, there will be no extension of the relief. This move... more

  • MidOcean Energy acquires SK’s stake in Peru LNG
    03 May, 2024
  • Gas prices up, but renewables drive down wholesale prices
    24 Apr, 2024
  • LNG remains top choice for lower-carbon shipping
    22 Apr, 2024
  • US reimposes Venezuela oil sanctions with door open for special licences
    22 Apr, 2024
Woodside reports successful reserves update as a result of merger with BHP

Woodside delivers climate action plan and progress to investors

12 Mar, 2024
Woodside CEO Meg O’Neill briefed investors on Woodside’s Climate Transition Action Plan (CTAP) and 2023 Progress Report today — the CTAP was released on 27 February 2024. The event consisted of a welcome speech from Woodside CP Investor Relations Marcela Louzada, an address from the Chair of the Board Richard Goyder, the main presentation and a follow-up Q&A conducted by CEO Meg O’Niell before Louzada’s closing speech. During the live webcast of the briefing, O’Neill said the CTAP contained additional information, requested by investors, about the company’s approach to climate change and the energy transition. This included further detail on…
supply chains

Geopolitics and supply chains to dictate oil and gas in 2024

11 Mar, 2024
The oil and gas industry has witnessed a considerable upheaval in its supply chains amid the protracted Russia-Ukraine conflict and renewed tensions in the Middle East. Both of these conflicts could potentially disrupt global oil and gas supplies in 2024, and hence, the themes of geopolitics and supply chains are the hot topics for this year. It is therefore important for the oil and gas industry to assess the impact of these themes while charting out their growth plans, says GlobalData. GlobalData’s Top 20 Oil & Gas Themes 2024 report reveals the leading themes that could have a significant impact…
OPEC+

OPEC+ producers decide to extend voluntary cuts

05 Mar, 2024
The group of eight OPEC+ countries that pledged on 30 November last year to implement voluntary production cuts for the first quarter of 2024 have decided to fully extend the cuts until the end of this year’s second quarter, according to a Rystad Energy report. Saudi Arabia, Iraq, the UAE, Kuwait, Kazakhstan, Algeria and Oman have announced that the 1.7 million barrels per day (bpd) of voluntary cuts that were initially planned just for this year’s first quarter will not be unwound and will continue next quarter. Russia, which in November pledged to implement voluntary export cuts (300,000 bpd for…
Bapco

TotalEnergies and Bapco Energies partner in petroleum trading

04 Mar, 2024
A meeting between TotalEnergies, Bapco Energies and the King of Bahrain has laid the foundations for a partnership, under which TotalEnergies will support Bapco Energies in optimising its Sitra refinery, which is currently being upgraded, and in trading of its petroleum products. TotalEnergies Chairman and CEO Patrick Pouyanné said they are pleased to have been selected by the Bahraini authorities to support Bapco Energies in optimising their downstream petroleum operations, with a view to maximising value for Bahrain. “I sincerely hope that this new partnership marks the beginning of a promising relationship between TotalEnergies and the Kingdom of Bahrain. "We…
UNSW researchers create synthetic methane with sunlight

UNSW researchers create synthetic fuel with sunlight

29 Feb, 2024
Engineers at UNSW have developed a way to produce synthetic fuel from carbon dioxide using only sunlight. The research team’s process involves utilising light and heat to induce a reaction that creates synthetic methane from CO2. Their research, published in EES Catalysis, could help to reduce reliance on fossil fuels. UNSW Researcher Dr Emma Lovell said: “Methane is the major component of natural gas, and already widely used as a source of fuel, but is also a powerful greenhouse gas. Creating synthetic methane using only the natural resource of the sun is a cleaner and greener alternative for usage in heavy…
New report on psychological health in Australian workplaces

New report identifies psychological health in Australian workplaces

29 Feb, 2024
Safe Work Australia has published new information identifying trends in psychological health in workplaces. The Psychological Health and Safety in the Workplace report highlights the changing impact of work-related psychological injuries in Australia. During 2021 - 2022: Mental health conditions accounted for 9 per cent of all serious workers’ compensation claims, a 36.9 per cent increase from 2017 to 2018. The median time lost was more than 4 times greater than that of all physical injuries and illnesses (2020 to 2021). The median compensation paid for mental health conditions was more than three times greater than that of all physical…
Woodside and KOGAS sign agreement for long-term LNG supply

Woodside and KOGAS sign agreement for long-term LNG supply

28 Feb, 2024
Woodside has entered into a sales and purchase agreement (SPA) with Korea Gas Corporation (KOGAS) for the long-term supply of liquefied natural gas (LNG) to Korea. With the exception of special circumstances, the SPA calls for the delivery of about 0.5 million tonnes of LNG annually for a duration of 10.5 years, starting in 2026. The LNG that Woodside will supply to KOGAS under the terms of the SPA will come from uncommitted volumes across its global portfolio, including the Scarborough Energy Project, which plans to ship its first LNG cargo in 2026. Woodside CEO Meg O’Neill said the SPA…