LNG

April 24 (LNGJ) - Beach Energy, a partner of Japan’s Mitsui in the delayed Waitsia LNG project in the onshore Perth Basin of Western Australia, reported an increase in sales revenue from a year ago to A$392 million (US$254M) from A$353M in the 2023 quarter. “Our results were overshadowed by the delay to construction of the Waitsia Gas Plant and weather-related impacts to production,” said Beach’s Chief Executive Brett Wood. “The ongoing emergence of quality issues at Waitsia during the pre-commissioning phase is disappointing,” stated the CEO.

   Beach added that in the Perth Basin drilling campaign there were “pleasing results” including a gas discovery at Redback Deep. “Three gas discoveries and one gas development well from our operated campaign is an encouraging outcome which will provide valuable backfill volumes,” Wood said. Beach’s Enterprise well in the Otway Basin of south Australia is also on track to provide a valuable new gas supply source for the East Coast.

Beach Energy, the Australian oil and gas company and newest prospective LNG exporter from the onshore Perth Basin, has posted a jump in fiscal half-year net profit after tax as it made progress on its LNG export project and the provision of offshore natural gas to the East Coast market .

Australian Gas Infrastructure Group (AGIG) said it was close to starting up the Pluto LNG-to-Karratha Gas Plant Interconnector linking the two LNG export facilities in Western Australia operated by Woodside.

Oct 20 (LNGJ) - Beach Energy, Australia's newest LNG firm after signing a first supply deal with BP of the UK from the Waitsia Gas project in the onshore Perth Basin of Western Australia, reported a net cash position for its fiscal first quarter. “Liquidity increased to A$643 million (US$480) with net cash of A$43M at 30 September 2021,” said the exploration and production company.

   “Sales revenue of A$388M was down 8 percent from the previous quarter and partially offset by higher liquids prices,” it added. Beach’s agreement with BP is for all of the company's 3.75 million tonnes per annum of Waitsia project volumes from the second half of 2023. Beach’s 50-50 partner in the project is Japanese trading house Mitsui.

Sept 27 (LNGJ) - Beach Energy has entered into a preliminary supply accord with UK major BP’s Singapore trading arm for all of Beach’s volumes from the Waitsia Gas Project in the onshore Perth Basin of Western Australia being developed with Japanese partner Mitsui. Beach Energy said the heads of agreement contained all material terms and conditions for BP purchasing all of Beach's 3.75 million tonnes per annum from the second half of 2023.

   The feed gas will be processed at the North West Shelf liquefaction plant operated by Woodside under a tolling agreement. Supply will be delivered on a free-on-board (FOB) basis, linked to both Brent crude and the Japan-Korea Marker spot cargo price indices, from the NWS facilities in Karratha where BP is already one of six shareholders.

Mineral Resources Ltd (MRL) of Australia said it had made a “significant” natural gas discovery in the onshore Perth Basin from where other gas producers are planning LNG production and exports.

Australian engineering company Clough has awarded the bulk earthworks contract for the Waitsia Gas Project Stage Two development in the onshore northern Perth Basin to an Indigenous company.

The contract was awarded to Garla Barna Civil and Mining (GBCM), a local Mid-West business.

Clough is running the second stage of development of the Waitsia natural gas field in the Perth Basin as a future source of LNG exports.

Clough's main work sites are near the town of Dongara, located about 350 kilometres (217 miles) north of the city of Perth and 65km south of the town of Geraldton.

Beach Energy of Australia and a subsidiary of Japan’s Mitsui and Co. each own 50 percent of the venture and Mitsui is the operator of the Waitsia field.

Beach and Mitsui have also finalized and signed key commercial agreements with shareholders of the North West Shelf LNG plant to enable LNG exports.

“Clough and the Waitsia Joint Venture (Mitsui E&P Australia and Beach Energy) are committed to delivering a high performing project while providing opportunities to the local community at every stage of the project and this award demonstrates that,” said Peter Bennett, Clough Chief Executive.

“Our Innovate Reconciliation Action Plan drives our commitment to improve outcomes for Aboriginal and Torres Strait Islander Peoples by providing employment, education and business opportunities,” he added.

John Galvin, Clough Executive Vice President Australia and Asia Pacific, said he was looking forward to starting work with GBCM, a local construction business that has demonstrated the capabilities needed to perform this scope of work.

GBCM was established in 2019 as an emerging regional-based Aboriginal services contractor offering project solutions in Western Australia.

GBCM's intent is to maximise opportunities for Aboriginal people in the construction industry, creating hope and career paths for future generations.

“GBCM are pleased that Clough have provided our company with this opportunity on a project that is being built on our traditional lands,” said Fred Taylor, GBCM Director and shareholder.

“We are excited to be working with Clough in the delivery of this scope and look forward to the engagement this project brings to the Mid-West and the Southern Yamatji people,” Taylor added.

Woodside Petroleum, the operator of two LNG plants in Western Australia, said construction of the Pluto-Karratha Gas Plant Interconnector, the first step in realising Woodside’s vision for a regional LNG hub on the Burrup Peninsula, is now progressing with a completion date set for 2022.

Beach Energy of Australia, the company destined to be the nation’s newest liquefied natural gas exporter from Western Australia, has solved some of the natural gas shortages in southeast Australia with a double gas discovery in the offshore Otway Basin in the state of Victoria.

Australian engineering company Clough was awarded the contract for the second stage of development of the Waitsia natural gas field in onshore the Perth Basin of Western Australia and a future source of LNG exports.