LNG

Woodside Energy, the Western Australian LNG plant operator with global oil and gas interests, expects to recognise non-cash, post-tax asset impairments amounting to around US$1.50 billion with US$1.20Bln related to the Shenzi asset, the deepwater oil and gas fields in the Gulf of Mexico, and the remainder for Wheatstone LNG.

Chevron Corp., the oil and gas major and leading LNG producer, said the mandatory retirement age for President and Chief Executive Mike Wirth had been waived by the company and he would be staying on as Chevron also provided a preview of likely second-quarter earnings.

Shell has again suspended production at the “Prelude” floating LNG facility offshore northwest Australia because of an electric trip, an issue that had previously led to long shutdowns for safety investigations.

Woodside Energy, the operator of the North West Shelf and Pluto LNG plants in Western Australia, has issued its 2023 guidance including a maintenance shutdown at the Pluto facility and marked progress on the Sangomar field development offshore Senegal in West Africa.

Shell has taken a final investment decision to proceed with the Crux natural gas field joint venture offshore Western Australia to provide more feed gas for the “Prelude” floating LNG export plant.

Chevron Corp., the LNG operator in Australia and Africa, reported a more than four-fold jump in first-quarter earnings of $6.3 billion compared with $1.4Bln in the first three months of 2021 as more revenues came from LNG plants in Australia and Africa.

Woodside Petroleum, the Western Australian LNG operator of the North West Shelf plant and Pluto LNG, has signed an agreement to sell US fund Global Infrastructure Partners a 49 percent non-operating participating interest for an agreed initial US$2.744 billion in the Pluto Train 2 joint venture.

Export earnings from Australia’s 10 liquefied natural gas export facilities with nameplate capacity of 88 million tonnes per annum are expected to surge to A$50 billion (US$36Bln) in the current fiscal year from A$30Bln last year as oil-linked contract prices surge.

July 21 (LNGJ) - Beach Energy, the owner with Japanese trading house Mitsui of the Waitsia natural gas field in the onshore Perth Basin of Western Australia, said development was on schedule along with marketing of future LNG volumes.

   “In the Perth Basin, along with our joint venture participant Mitsui E&P Australia, we are nearing commencement of construction of the gas facility for the Waitsia Gas Project Stage II, with contractor Clough on track to turn the first sod in the first half of 2022,” said Beach Energy Chief Executive Matt Kay in the quarterly activities report. Beach said it was continuing the marketing of its 50 percent share of the 7.5 million tonnes per annum of LNG expected from the Waitsia field and to be processed at the Woodside Petroleum-operated North West Shelf liquefaction plant.

Oil Search, the Australian-listed company with liquefied natural gas interests in Papua New Guinea, has revealed it rejected an unsolicited takeover proposal from Santos of Australia, operator of the Gladstone plant in Queensland and Darwin LNG.