LNG

Australia’s largest liquefied natural gas companies Woodside Energy and Santos said they were in discussions that could lead to a merger of the two companies valued at a combined A$88 billion (US$58Bln) and which would create a dominant LNG force in the Asia-Pacific region.

Woodside, the Western Australian operator of two LNG plants and oil and gas assets, more than doubled quarterly sales revenue to US$1.53 billion as prices jumped and even as the company executed significant scheduled maintenance activities at both the North West Shelf plant and Pluto LNG.

Australian LNG operator Woodside Petroleum has completed its acquisition of a stake valued at more than US$600 million from UK-listed Cairn Energy, giving it overall control of the oil development in Senegal offshore West Africa, which has emerged as a major Atlantic Margin oil and gas province amid major discoveries.

Australian LNG producer Woodside is advancing with its boosted seven-Train integrated LNG and gas hub in Western Australia and with overseas projects, including its offshore Myanmar gas venture to supply Rangoon and Thailand.

[free-article]

Australian energy company and LNG market participant Santos has confirmed major oil and gas resources from well tests in the Bedout Basin, offshore Western Australia.

Australian LNG producer Woodside Petroleum made progress in the second quarter on a plan to process third-party feed-gas through the North West Shelf LNG plant in Western Australia as the ramp-up of the new Wheatstone facility continued along with other expansion and distribution plans.