LNG

Australian energy giant Woodside has exercised its pre-emptive right to buy PetroChina’s 10.67% stake in the Browse gas field, blocking a deal with Japan’s Inpex. Browse is meant to underpin a development liking to Woodside’s North West Shelf LNG terminal, whose current gas resources are depleting.

Argentina’s Vaca Muerta basin has seen shale oil production rise 35% yoy in the third quarter to 400,000 barrels per day (bpd) due to productivity gains. To sustain growth, the $2.5 billion Vaca Muerta Sur pipeline is being developed to expand takeaway capacity from the field to global markets.