Tuesday, July 23, 2019

Peter Coleman News

Woodside Q2 Revenue Slides 32%

(Photo: Woodside)

Australia's Woodside Petroleum Ltd reported a 32% drop in second-quarter revenue on Thursday, the first decline in six quarters, as it was hit by an extension of planned maintenance at its Pluto liquefied natural gas facility and weaker prices.The country's largest listed oil and gas explorer said production for…

Woodside Inks LNG Supply Deal with ENN

PLuto LNG plant (Photo: Woodside)

Australia's Woodside Petroleum WPL.AX has signed a Heads of Agreement (HOA) to supply liquefied natural gas (LNG) to China's ENN Group for 10 years from 2025, both companies said on Friday.Woodside, Australia's biggest listed oil and gas explorer, said in a statement the volume covered by the HOA is 1 million tonnes per annum (mtpa), to be sourced from Woodside's portfolio of gas supply.

Woodside Selects MODEC for SNE Field

Image: MODEC

Australian petroleum exploration and production company Woodside Energy  has awarded MODEC International the front-end engineering design (FEED) contract for the SNE Field Development Phase 1 floating production storage and offloading (FPSO) facility.Woodside is the operator of the Rufisque Offshore, Sangomar Offshore and Sangomar Deep Offshore (RSSD) joint venture.Following FEED…

Woodside Raises Dividend

(Photo: Woodside Petroleum)

Australia's Woodside Petroleum Ltd surprised investors with a fat dividend on Thursday after reporting a 36-percent percent rise in annual profit, underpinned by stronger oil prices.The higher-than-expected payout came after shareholders stumped up $2.5 billion to buy new shares a year ago at a time when Australia's…

Woodside Awards Scarborough FEED Contracts

(Photo: Woodside)

Australian independent oil and gas company Woodside said Wednesday it has awarded four contracts for front-end engineering design (FEED) activities for the proposed US$11 billion Scarborough Project offshore Western Australia.Each contract was awarded and will be funded initially by Woodside on a 100% basis, without…

Woodside Enters FEED for Pluto Train 2

(Photo: Woodside)

Australia's largest independent oil and gas company Woodside said it has awarded a contract to Bechtel (Western Australia) Pty Ltd to undertake front-end engineering design (FEED) for its proposed brownfield expansion of existing Pluto liquefied natural gas (LNG) facilities.The FEED work includes activities required…

Woodside Inks 20-year Gas Supply Deal

Woodside Petroleum Ltd, Australia's biggest listed oil and gas explorer, said on Tuesday it had signed a 20-year gas supply deal with Perdaman Chemicals and Fertilisers Pty Ltd.The agreement is to supply about 125 TJ of gas per day for use in Perdaman's proposed urea plant, and gas will be primarily sourced from Woodside's proposed Scarborough development, the company said in a statement

China LNG Growth Not Slowing -Woodside

(Photo: Woodside Petroleum)

China's appetite for liquefied natural gas (LNG) has not slowed, but its purchases have been spread more evenly, avoiding last year's sudden spike to meet winter demand, Australia's top independent LNG producer said on Tuesday.LNG demand from North Asia's main hubs in Japan, China and South Korea has slowed in recent weeks…

Woodside Energy GWF-2 Commences Production

Image: Woodside Energy

Australian oil and gas company with a global presence  Woodside announced that the Greater Western Flank Phase 2 (GWF-2) Project off the north-west coast of Australia has commenced gas production.A press release from the operator of the North West Shelf (NWS) project quoted its CEO Peter Coleman saying that  the…

Woodside Mulls Texas Sempra LNG Exit

The chief executive officer of Woodside Petroleum Ltd said on Tuesday that Australia's biggest independent oil and natural gas company will soon decide whether to continue to invest in Sempra Energy's Port Arthur liquefied natural gas (LNG) export project in Texas. "We've got to make some decisions pretty soon about our continued pursuit (of Port Arthur) with Sempra…

Woodside to Operate Scarborough

Woodside and BHP have entered into an agreement in relation to the proposed development of the Scarborough gas field. BHP waived its right of pre-emption and provides its consent to the sale by ExxonMobil to Woodside of its 50 percent interest in WA-1-R and the Scarborough Joint Venture Operating Agreement. Woodside…

Shell Sells Out of Woodside Petroleum for $2.7 Bln

Royal Dutch Shell on Monday sold its entire stake in Australia's largest independent oil and gas company Woodside Petroleum Ltd for $2.7 billion as it pushes ahead with its vast disposal programme. Shell, which has been slowly divesting its Woodside holding, initially said its Shell Energy Holdings Australia Limited…

FLNG Production Bows out as US Exports Roil Market

File photo : Shell

Once considered the future of gas production, floating liquefied natural gas (FLNG) projects have been firmly relegated to the backburner as global gas producers seek cheaper ways to compete with a surge in U.S. shale supplies and slumping prices. FLNG projects - mega tankers fitted with gas extraction and liquefaction…

Partners to Develop Western Australia LNG Supply

Courtesy Woodside

Woodside and GE have signed an agreement to work together to support the use of LNG as a fuel in Western Australia. The agreement will provide customers with the option of seamless access to reliable LNG fuel supply and gas-fuelled transport and power generation solutions. Woodside CEO Peter Coleman said that this…

Woodside, Sempra Energy Ink LNG Terminal Deal

LNG Plant Courtesy Woodside

Woodside's affiliate, Woodside Energy (USA) Inc. (WUSA), has entered into a Project Development Agreement (PDA) with Sempra LNG & Midstream (Sempra), an affiliate of Sempra Energy (NYSE: SRE). Under the PDA, WUSA and Sempra will continue discussions and assessments of a potential Port Arthur LNG natural gas liquefaction facility in Port Arthur, Texas.

Woodside, KoGas Extend Partnership

Logos

Woodside and Korea Gas Corporation (KOGAS) are pleased to advise that they have signed a Memorandum of Understanding (MoU) for cooperation, extending the strong partnership between the companies. The MoU was signed in Perth today by Woodside CEO Peter Coleman and KOGAS President and CEO, Mr Lee, Seung-Hoon. The agreement…

LNG Producers Seek New Markets to Soak up Surplus

The world's top producers of liquefied natural gas (LNG) are investing in ship-fuelling operations, floating import terminals and power plants to open new markets and keep from drowning in a fuel surplus expected to last into the next decade. Companies such as Royal Dutch Shell, Total and Malaysia's Petroliam Nasional…

Woodside Beefs up Myanmar Gas Field Resource Estimates

Woodside has reported an increase in its best estimate contingent resource (2C) by 83 MMboe to 4,481 MMboe Courtesy Woodside

Woodside has reported an increase in its best estimate contingent resource (2C) by 83 MMboe to 4,481 MMboe following the announcement of two gas discoveries offshore Myanmar in Q1 2016. Woodside announced the discovery of 32 m net gas pay (increased from an earlier 15 m net gas pay estimate) in the Block A-6 Shwe…

Woodside Acquires ConocoPhillips' Senegal Interests

Woodside agrees to acquire ConocoPhillips Senegal B.V.1, which holds a 35% interest in the 560 MMbbl (100%, 2C) SNE deep water oil discovery, for US $350 million Map Woodside

Woodside has entered into a binding Purchase and Sale Agreement (PSA) with ConocoPhillips to acquire all of ConocoPhillips’ interests in Senegal for the purchase price of US$350 million, based on an effective date of 1 January 2016, plus a completion adjustment of approximately US$80 million. Under the PSA, Woodside will acquire 100% of the shares in ConocoPhillips Senegal B.V.

ConocoPhillips Hits Snag in Senegal Deepwater Stake Sale to Woodside

ConocoPhillips' plan to sell its stake in an oil find off Senegal to Woodside Petroleum hit a speed-bump on Tuesday as a junior partner attempted to buy time to pre-empt the deal at the same time it announced an increase in the size of the field. ConocoPhillips agreed in July to sell its 35 percent stake in the deepwater SNE field offshore Senegal to Woodside for up to $430 million.