Woodside signs Williams as an investor for Louisiana LNG construction to accelerate
Woodside Energy, a company based in Australia, has hired U.S.-based Williams to be an investor and operator of the Louisiana Liquefied Natural Gas Plant. This is to benefit from its infrastructure expertise and reduce costs as construction increases. Williams will receive a 10% stake of Louisiana LNG Holding Company and 80% ownership in the Driftwood Pipeline, which will provide feed gas for the $17.5 billion project. Williams, which operates over 33,000 miles (53.108 km) of pipe across 24 U.S. States, will pay Woodside $1.9 billion and contribute $378 million towards the project's costs.
Energy Minister: Orenburg plant in Russia restarts gas imports from Kazakhstan field
Kazakhstan's Energy Minister said that the Russian Orenburg gas plant was damaged by a drone strike on Sunday. It has since resumed receiving natural gases from Kazakhstan's Karachaganak gas field. As part of Kyiv’s campaign to destroy Russian energy infrastructure, the strike on Orenburg, located approximately 1,700 km (1.056 miles east of Ukraine), marked the first disruption known for Western oil majors that operate in Russia. The Orenburg incident highlighted the vulnerability of energy assets across the border to the growing conflict.
Woodside Energy reaches two-week peak after increasing 2025 production forecast
Woodside Energy shares rose to their highest level in two weeks on Wednesday, despite a 9.4% drop in revenue for the third quarter due to lower average realized prices. The largest independent energy company in the country expects its fiscal 2025 production will be between 192 and 197 millions barrels of oil-equivalent, higher than their previous forecast of 188 to195 mmboe. The company's shares rose up to 4.1%, reaching A$23.31 at 2316 GMT. If current trends continue, this will be the best day for the stock since late July, while the overall market fell 0.7%.
Karachaganak, a Kazakh gas producer, reduces output after a drone strikes a Russian gas plant
The operator of Kazakhstan's Karachaganak Oil and Gas Condensate Field said in an email on Tuesday that production levels have been reduced following "an accident" at Russia's Orenburg Plant. Two industry sources said that on Monday, a Ukrainian drone strike against the Orenburg Gas Processing Plant, one of the largest in the world, forced Kazakhstan to reduce its production at the Karachaganak Field by 25 to 30 percent. Ukraine has intensified its strikes against Russia's energy infrastructure in recent months.
Santos' GLNG facility will stop purchasing Australian domestic gas by 2027
Santos' Gladstone Liquefied Natural Gas plant (GLNG) in Australia will cease buying gas produced domestically to meet export contracts, according to its CEO on Tuesday. This could help ease the supply shortages on Australia's east coast. GLNG's CEO Stephen Harty stated that the company spent about A$1billion ($650m) a year on developing its own tenements, building its own supply and eventually would cease all domestic purchases of gas. "We have been on the path of phasing out purchases for a while, and we've…
Venture Global to add natural gas to final part of Plaquemines LNG Plant, a filing shows
Venture Global asked federal regulators to allow it to inject natural gas into the final section of its Plaquemines Liquefied Natural Gas plant by Thursday, according to an official filing made on Monday. Venture Global, if the Federal Energy Regulatory Commission gives the permission, will be producing LNG soon from its entire Plaquemines facility, and more than a full year before it's expected to deliver its first batch of long-term customers their contracted quantities of gas. The Plaquemines Export Facility in Louisiana, once completed, will reach its maximum capacity of 27,2 million metric tonnes per year (mtpa).
After a drone attack in Ukraine, a giant Russian gas plant has suspended its intake of Kazakh gas
Kazakhstan's Energy Ministry said that a drone attack in Ukraine forced the Orenburg gas processing facility, the largest of its kind anywhere, to stop receiving gas from Kazakhstan. Yevgeny Solntsev, the regional governor of Orenburg, had stated earlier in the day that the drone attack had partially damaged the plant and caused a fire at an atelier at the plant. Kommersant, a Russian media outlet, reported that the fire was put out later, citing an operator. Ukraine has intensified its attacks against Russian refineries…
Nigeria's daily crude oil production plunged by 16% after a brief Dangote refinery strikes
According to an impact study, Nigeria's daily production of oil and gas dropped during the short nationwide strike called by the oil workers' union PENGASSAN on Wednesday. The talks between Dangote Refinery and government mediators were called off after. The strike began on 28 September after Dangote, Africa's biggest refinery with a crude-processing capacity of 650,000 barrels a day, fired more than 800 unionised employees. According to a report from the state oil company NNPC Ltd, the walkout resulted in a reduction of 283…
Shell begins production at Victory gas fields in the North Sea
Shell announced on Tuesday that it has begun production at its Victory field in the North Sea. At peak production, this gas can heat nearly 900,000 households per year. The gas field is capable of producing 150 million standard cubic foot of gas per day, which is about 25,000 barrels equivalent to oil per day. The gas field will supply Britain's homes and businesses with gas, as well as power generation. Shell will be able to achieve its goal of delivering gas projects that produce more than one million boed of total production by the end decade.
Sources say that the Astrakhan Gas Plant in Russia has ceased operations following a drone attack.
Three industry sources have confirmed that the Astrakhan Gas Processing Plant, owned by energy giant Gazprom in Russia, stopped producing motor fuel after an attack by drones caused a fire on September 22, according to three sources. The fire was said to have engulfed an entire condensate unit that had a production capacity of three million metric tonnes per year. It produces diesel and gasoline. The plant near the Caspian sea, about 1,675 km from the Ukrainian border could only resume production within a few weeks or months. Gazprom didn't immediately respond to a comment request.
South African court cancels Eskom's permission to build new gas-powered plant
A top court in South Africa on Wednesday revoked a government permit that allowed state utility Eskom build a large natural gas-burning power plant, claiming there was not a proper consultation with the public. The government is planning to build a 3,000-megawatt plant on the east coast in the port city of Richards Bay as part of its plans to boost the country's power generation capacity following years of blackouts, and move away from coal. The Supreme Court of Appeal's judgment stated that "the effect of this order was to nullify the authorisation".
Australia approves the North West Shelf Gas Plant to operate until 2070
Australia approved Woodside's application to operate Australia's second largest and oldest liquefied gas plant, the LibNaGa Plant, until 2070. The new emission rules were imposed to reduce its environmental impact. North West Shelf, a plant in Western Australia, is expected to emit up to 4.3 million metric tons carbon dioxide over its lifetime. Critics say this will endanger nearby ancient rock art as well as set back climate change efforts. Murray Watt, the Environment Minister, told a Friday press conference that Woodside had accepted a number of conditions to protect Indigenous art.
Aramco signs an $11 billion Jafurah agreement with BlackRock-led consortium
Saudi Aramco announced on Thursday that it had signed a $11 billion lease-and-leaseback agreement with Global Infrastructure Partners, a part of BlackRock. The consortium was led by Global Infrastructure Partners. The Saudi company said in a press release that under the agreement, Jafurah Midstream Gas Company, a newly-formed subsidiary, will lease the development and usage rights of the Jafurah Field Gas Plant, and the Riyas NGL Fractionation Facility for 20 years and then lease them back Aramco. This latest financial arrangement…
ExPro analyst says that Ukrainian gas reserves are at their lowest level in 12 years.
ExPro, an analysis firm, said that Ukraine's reserves of gas are the lowest they have been in 12 years. Storage facilities are currently less than one-third full. This estimate comes after Ukrainian president Volodymyr Zelenskiy accused Moscow earlier of deliberately undermining Ukraine's winter preparations following a Russian attack on a gas plant in the southern Odesa Region. ExPro reported on Wednesday that Ukraine had 10 billion cubic meters of gas stored underground as of August 5. One bcm was pumped into storage over the past 19 day. ExPro said that Ukraine needs to store around 13 billion cubic metres of gas for winter.
Pipeline operator ONEOK greenlights new Delaware Basin gas plant
Midstream company ONEOK announced on Tuesday that it had made a final decision to invest in a new natural-gas processing plant in Delaware Basin. This will expand its footprint in America's top shale gas field, as gas volumes continue to surge. The company has increased its presence in Permian Basin, which includes the Delaware Basin, through strategic moves, such as acquiring NGP XI Midstream Holdings stake in their Delaware Basin Joint Venture, buying a Gulf Coast NGL Pipeline System and taking over Medallion Midstream, EnLink Midstream, and Medallion Midstream.
Sources say Shell-led LNG Canada is facing problems when it ramps up its production.
Shell-led LNG Canada has been experiencing technical difficulties as it ramps production up at its liquefied gas plant in Kitimat. One LNG tanker was diverted away from the facility recently without superchilled fuel, according to data provided by LSEG and four sources. The facility is the first major LNG-export facility on the West Coast of North America and Canada, and provides direct access to Asia, which is the largest LNG market in the world. When fully operational, the facility will convert approximately 2 billion cubic feet per day of gas (bcfd).
UN calls on Australia to increase climate action
The UN climate chief called on Australia set an ambitious emissions target for 2035 and to accelerate its clean energy transformation, warning that failure to act could undermine living standards and regional stabilty. Simon Stiell said that Australia should "go big" and do what is smart. "Don't settle with what is easy. "Bog standard is beneath you", he said, at an event organized by the Smart Energy Council in Sydney. Australia is under fire for supporting new fossil fuel projects, while also attempting to co-host UN COP31 Climate Summit with the Pacific next Year.
Ghana warns about power cuts as Eni, the Italian gas company, works to increase gas supply
The West African nation said that the Italian energy group Eni would temporarily suspend operations on Sunday at a Ghana gas plant to implement an increase in supply, which could result in power outages. Ghana, which is the second largest cocoa producer in the world, has tried to boost oil and gas production, both to increase revenue and to prevent fossil fuels becoming stranded. The energy ministry announced on X that it had reached an agreement with Eni for a 30 million standard cubic foot per day increase in natural gas supplies to 270 millions.
TotalEnergies UK Assets to Be Bought by Prax Remain Unsold
The TotalEnergies West of Shetland offshore assets it agreed to sell to Prax Group last year remain under the French oil major's ownership, it said on Wednesday, so will not be subject to disposals resulting from liquidation proceedings affecting the British company."The transaction to sell our West of Shetland asset to Prax has not yet completed and as such we remain the operator of the Shetland Gas Plant and related fields," TotalEnergies EP UK said in its statement.TotalEnergies had agreed to sell Prax a portfolio of mature offshore fields producing about 7…
ADNOC, the UAE's oil company, boosts US investment and says AI is a once in a lifetime opportunity to invest.
ADNOC Chief Sultan al-Jaber stated on Tuesday that the state oil company in the United Arab Emirates aims to increase its U.S. investments by six-fold, to $440 billion over the next ten years. Jaber, speaking at an event in Washington, told the audience that AI was a rare investment opportunity. Jaber cited the UAE's recent anchor investments in the largest liquefied gas plant in Texas and in petrochemicals across the U.S., as well as a planned addition 5.5 gigawatts in renewable energy and storage from coast to coast.