LNG

Demand for LNG drops in North Asia

The Australian LNG Monthly report from EnergyQuest has shown a drop in LNG demand from North Asia, Australia’s major market, during March 2022. Outline in the report, there was a 17.7 per cent decrease in demand from North Asia in February, and this downward trend continued into March, with Australian deliveries to China dropping by …
oil and gas industry workers

APPEA: Qld gas more profitable than Olympics

The Australian Petroleum Production and Exploration Association (APPEA) revealed that the oil and gas industry in Queensland has more value to add to the state’s economy than the 2032 Olympic Games. Read more

Oil and gas discoveries hit four-year high

Oil and gas companies discovered 12.2 billion barrels of oil equivalent (boe) in 2019, the highest volume since 2015, according to estimates from Rystad Energy. There were 26 discoveries of more than 100 million boe last year, with offshore regions dominating the list of new oil and gas deposits. Guyana continued to be a success …
NWS Project

Australia overtakes Qatar as top LNG exporter for 2019

With an estimated 77.514 million tonnes (Mt) of locally produced LNG in 2019, Australia edged out Qatar, which is expected to register an estimated 75Mt for the year. Australia’s 2019 total is more than double that of the United States, the world’s other fast-growing LNG producer. The Australian contribution came from across all three now …

EnergyQuest reveals Beach as Australia’s leading oil producer

The recovery in national oil production gathered momentum in third quarter 2019 with a strong start to production at Woodside’s Greater Enfield project. National production jumped by 44.3 per cent from 9.0 MMbbl in third quarter 2018 to 13.0 MMbbl in third quarter 2019 – the fourth consecutive quarterly increase and the highest level since …

Oil Search LNG production drops after equipment damage

Its September production dropped from 6.88 million barrels of oil in June to 6.81 million barrels despite strong production rates in July. The marginally lower quarter was a result of reduced rates of liquids, following the detection of damage to one of the mooring chains at the Oil Search-operated offshore liquids loading facility in the Gulf …

Queensland reaches record CSG production

The new mark included record production of Queensland coal seam gas, which was up by 6.8 per cent or 23.7 petajoules quarter-on-quarter, to a record 377.2 petajoules for the third quarter, according to EnergyQuest. The period also saw the largest surplus supply of gas since liquefied natural gas (LNG) exports began in 2015. Coal seam …
Dorado Project

Carnarvon increases Dorado confidence after Santos release

The Dorado oil, gas and condensate field was discovered in 2018 and appraised this year. Dorado is in the late stages of the concept select phase for the liquid’s development, with a view to commencing the front-end engineering and design (FEED) phase in early 2020. During the FEED process, the final development and contracting strategy …
POSCO bids to acquire Senex

Public comment opens for gas standard

Earlier this week, the project committee – AG-010 Natural Gas Quality Specifications – released the final draft of AS 4564 (General Purpose Natural Gas). /wp:paragraph –> The public comment period is open until 23 January 2020 and must be submitted via the Standards Australia website to be considered. Click here to download the draft and …