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Santos Rises on Arranging A$2 Billion Credit to Help Fund LNG
Santos Ltd. rose in Sydney trading after arranging a A$2 billion ($1.7 billion) bank-loan facility that will help Australia’s third-largest oil and gas producer fund a project in Queensland state.
Safety tops list for CSG producers
COAL seam gas companies operating in Queensland are meeting required health and safety standards after a wellhead safety audit found only about 5% of CSG wells tested needed immediate repairs.
Opposition lashes out at Garrett over CSG-LNG delay
THE federal opposition has called for Environment Minister Peter Garrett to be sacked over the delay in assessing applications for two coal seam gas to liquefied natural gas projects in Queensland.
Australia Delays Decision on Santos, BG Coal-Seam Gas Projects
The Australian government delayed by three months a decision on whether to approve liquefied natural gas projects proposed by Santos Ltd. and BG Group Plc as it studies their potential impact on the environment.
Gladstone: home to majority of Australian coalbed methane projects
Australian independent Santos is close to wrapping a gas sales agreement with Korea Gas, which together with the offtake arrangements with Petronas, will underpin the demand for the first train at its Gladstone liquefied natural gas project, analysts said in a report.
Santos denies striking gas deal with Shell
SANTOS has hosed down speculation that it is close to striking a multibillion-dollar deal with Royal Dutch Shell to consolidate their Queensland coal-seam gas projects.
PRRT rises from ashes of RSPT
PRIME Minister Julia Gillard has dropped the resources super-profits tax and has, in its place, extended the Petroleum Resource Rent Tax to cover all onshore oil and gas projects.
LNG Ltd’s HoA with Arrow falls through
LIQUEFIED Natural Gas Ltd says the expiry of the heads of agreement for the sale of the Fisherman’s Landing LNG project to Arrow Energy removes uncertainty for other potential gas suppliers.
CSG tax deal close
EXPECTATIONS are rife that the federal government may be close to a deal with Australia’s burgeoning coal seam gas sector on a resources super tax compromise.
QCLNG gets conditional green light
THE Queensland state government has given conditional approval to BG Group’s 8.5 million tonne per annum Queensland Curtis liquefied natural gas project on Curtis Island near Gladstone.
CSG may dodge RSPT
THE fledgling coal seam gas industry is looking increasingly likely to fall under the petroleum resources rent tax.
Santos mulls bigger stake sale for GLNG
SANTOS could reportedly sell one-third of its stake in the Gladstone liquefied natural gas project to China’s Sinopec, reducing its need to raise funds for the project amid uncertainty over the resources super-profits tax.
‘Flawed’ RSPT could kill two CSG-LNG projects
TWO of the planned coal seam gas-to-liquefied natural gas projects in Gladstone, Queensland, could be casualties of the resources super-profits tax, which a new report says is based on flawed modelling.
Oilies eye Westralian’s WA CSG prospect
WESTRALIAN Gas and Power says it would be willing to engage a partner to help explore its coal seam gas prospect near Busselton, southwest of Perth, after the company was approached by several interested parties.
Bow hits gas in CBM play
Australian coalbed methane (CBM) player Bow Energy has intersected gassy coals on all three wells in its drilling program on the Vermont CBM prospect in Queensland.
Month in Petroleum: May 2010
THE federal government’s proposed resources super-profits tax was at the heart of the APPEA conference last month after Prime Minister Kevin Rudd’s announcement of the 40% tax slug left the coal seam gas-to-liquefied natural gas industry baffled.
CSG shows at Norwich Park
BOW Energy has identified three possible high-potential coal seam gas prospects in its Norwich Park block in the Bowen Basin, Queensland.
Queensland gas moves get thumbs up
The Australian Petroleum Production & Exploration Association (APPEA) today welcomed the Queensland budget, saying it will boost the state's gas industry, despite Treasurer Andrew Fraser's warnings of uncertainty in the sector over the federal government's proposed resources super-profits tax (RSPT).
Arrow Says Shell Deal Looks Even More Attractive Amid Tax Plan
Arrow Energy Ltd. said a A$3.5 billion ($2.9 billion) takeover bid by Royal Dutch Shell Plc and PetroChina Co. is a more attractive transaction for shareholders after Australia proposed a new tax on resource projects.
PetroChina, Shell A$3.5 Billion Arrow Bid ‘Fair,’ Deloitte Says
A PetroChina Co. and Royal Dutch Shell Plc bid to buy Arrow Energy Ltd. for A$3.5 billion ($3 billion) is fair as the offer is as much as 17 percent higher than what the shares are worth, Deloitte Touche Tohmatsu said.
Santos Rises on Arranging A$2 Billion Credit to Help Fund LNG
