Woodside Petroleum, the operator of two LNG export plants in Western Australia and with expansion plans, has signed a preliminary accord with the privately-run Chinese ENN Group to provide supplies over a 10-year period.
Woodside Petroleum, the operator of North West Shelf and Pluto liquefied natural gas plants and a stakeholder in the Wheatstone facility, said it had made investments in two online LNG trading and data platforms in a move to bring greater price transparency, efficiency and compliance to markets.
Port Arthur LNG, the US project being developed by California utility Sempra Energy and Australian LNG plant operator Woodside Petroleum, continues to make progress with their liquefaction and export facility proposed for the Sabine-Neches ship channel in Texas.
The head of Chevron Corp. in Australia has called for the sharing of LNG infrastructure among the major operators of four world-class liquefaction plants in Western Australia to improve energy economics and profitability.
Royal Dutch Shell posted a 17 percent increase in first-quarter sales volumes of liquefied natural gas from its global production assets located in countries such as Australia, Qatar, Nigeria and Peru as higher prices offset a rise in operating costs.
Woodside Petroleum, the largest Australian LNG plant operator and stakeholder, posted an increase in first-quarter sales revenue of around 30 percent to almost US$1.17 billion compared with US$902 million in the same three months of 2017 because of higher average prices ranging from US$7.80 per million British thermal units to US$9.00 per MMBtu.
Woodside Petroleum, the operator of two liquefied natural gas plants in Western Australia, has joined nine other global oil and gas majors in signing guiding principles that commit it to further reduce methane emissions from the natural gas assets it owns.
Woodside Petroleum, the Australian operator of two LNG export plants, believes that few companies would sanction large-scale liquefaction projects over the next couple of years and some in the industry would concentrate on ventures such as providing fuel options for the maritime and power sectors.