Australia’s Woodside Petroleum Ltd. said on Aug. 15 that its first-half net profit rose 6% and it raised its 2018 production outlook after strong performances from its Wheatstone and Pluto LNG projects.
Start-up of Ichthys LNG project will boost export capacity to 12.7 million tons per year.
Australian company says it found the project’s economics ‘very challenged.’
Project would park and FSRU in Port Adelaide.
China’s increased appetite for energy helped Australian LNG revenue grow 38% over the last year, according a recent report.
The company’s managing director, Stuart Nicholls, spoke with Hart Energy about its record-breaking Jaws-1 well and why it sets new horizons in Australia.
Australia’s largest oil and gas group lauds efforts of industry and government in alleviating fears of an energy shortage—for now.
Chevron Corp has started producing LNG at the second unit of its $34 billion Wheatstone development, marking the completion of its two megaprojects in Australia after cost-blowouts and delays it was announced on June 15.
Hong Kong’s CK Infrastructure Holdings has made a AU$12.98 billion (US$9.8 billion) takeover offer for Australia’s biggest gas pipeline company, APA Group, offering a hefty 33% premium to tap into a tight gas market on June 13.