Australian gas explorer Elixir Energy gives positive update for activities in Queensland LNG feed-gas Bowen Basin
Australian natural gas explorer Elixir Energy has given a positive update on expanding activities in Queensland’s onshore Bowen Basin, which supplies feed gas for LNG plants and could potentially help avert a security of supply crisis on the East Coast.
ConocoPhillips agrees to buy Marathon Oil with African LNG and US shale assets in deal valued at $22Bln
US major ConocoPhillips has agreed to acquire Marathon Oil Corp., the US company and main shareholder in Equatorial Guinea LNG in West Africa as well as a key operator in the major US shale basins.
Australian gas explorer Elixir Energy presents case for sector expansion to avert security of supply crisis
Australian coal-seam gas explorer Elixir Energy, the developer of CSG projects in Queensland and Mongolia and whose executive officers are industry veterans, has issued warnings about energy security in Australia.
Chinese major Sinopec reports drop in profits amid rapid rise in natural gas demand offset by chemicals losses
China Petroleum and Chemical Corp. (Sinopec), the leading Chinese refiner and an importer of LNG from Australia, the US, Qatar and elsewhere and with expanding import facilities and storage, reported a drop in net profits of nearly 9 percent as a “rapid” first-quarter increase in natural gas demand was offset by oil refining costs and losses in chemicals.
LNG player Sinopec reports 10 percent drop in profits amid plans to expand shale-gas and shale-oil production
China Petroleum and Chemical Corp. (Sinopec), the leading Chinese refiner and importer of LNG from Australia, the US and Qatar and with expanding import facilities and storage infrastructure, is pushing ahead with more offshore output in the East China Sea and onshore shale-gas and shale-oil production.
Australia's Origin Energy reports solid revenues from APLNG and energy markets after the failed takeover bid
Australia's Origin Energy, whose shareholders in December 2023 rejected a takeover by North American private equity firms, reported solid quarterly revenues from Australia-Pacific LNG in Queensland as domestic electricity and gas sales also rose in power markets.
Chinese major Sinopec to expand energy flows with a strategy focused on shale E&P and LNG and gas storage
China Petroleum and Chemical Corp. (Sinopec), a leading importer of LNG from Australia, the US and Qatar and with expanding import facilities and storage infrastructure, has announced sizeable natural gas and oil flows from a strategic shale project in southwest China.
Chinese major Sinopec reports jump in profits amid expansion in domestic natural gas and overseas LNG deals
China Petroleum and Chemical Corp. (Sinopec), whose LNG assets include a stake in the Australia-Pacific LNG plant in Queensland and an expansion venture in Qatar, said third-quarter net profits increased by 34 percent and revenues also moved higher along with demand for natural gas and refined products.
Saudi Aramco enters LNG sector in $500M deal for minority stake in US equity firm EIG's MidOcean unit
Saudi Arabian Oil Company (Saudi Aramco), the world’s largest oil production group, has signed definitive agreements to acquire a strategic minority stake in MidOcean Energy for $500 million and thus enter the liquefied natural gas sector initially in Australia.
Australia plans lifespan extension for largest coal-fired power plant owned by LNG stakeholder Origin Energy
Australia is considering extending the life of the country’s largest coal-fired power plant located in the state of New South Wales and owned by Australia-Pacific LNG stakeholder Origin Energy because of concerns over energy security.
