LNG, the company set to produce the first liquefied natural gas out of Gladstone, is on the verge of signing a deal to supply gas from 2012.
LNG announced in February it had signed a heads of agreement with its biggest shareholder, Norwegian company Golar LNG, to supply all of its first production train, which has [...]

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Employees have been evacuated from a Timor Sea oil rig after an oil and gas spill 3.6km below the surface.
Oil and gas will continue to spill into the ocean from a drilling rig off Australia’s northwest coast for seven weeks, leaving a multi-million dollar clean-up bill for the company responsible.
About 40 barrels of oil are [...]

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An oil and gas exploration company says its found an onshore oil flow on the Gippsland coastline near Seaspray in south-east Victoria.
The executive chairman of Lakes Oil, Rob Annells, says the discovery was made during exploratory drilling works in the area.
He says the find is geologically significant, and could herald the first onshore oil flow [...]

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The Queensland Government has declared Shell’s coal seam gas-to-liquefied natural gas (CSG to LNG) project on Curtis Island “Significant” allowing Shell to submit an environmental impact statement.
Shell announced they will begin to prepare the statement to develop the project further, with plans to produce first gas from its terminal at Gladstone by 2015.
The project is [...]

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A MULTI-BILLION dollar liquefied natural gas plant is set to be developed in WA’s Kimberley region after a landmark deal between Aborigines, government and business.
Woodside, Australia’s second-biggest oil and gas producer, has agreed terms with the State of Western Australia and the Kimberley Land Council, to develop a LNG Precinct at James Price Point, north [...]

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As the dollar weakened against the euro oil prices have sky-rockettedand on evidence that OPEC crude exporters were cutting production as promised, analysts said.
Earlier in the day the price of Brent North Sea crude sank close to a 21-month low point under $US59 per barrel as traders sold amid weak energy demand worldwide, they added.
Prices [...]

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It has just been announced that service and petrol stations will be again offering drivers petrol for just 99c per litre. Twelve (12) Petrol stations that will be participating in the fight for independent petrol stations across Sydney.
The Twelve participating petrol stations that will be offering 99c fuel between 8 and 9 am tomorrow, 30 [...]

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A transcontinental pipeline could be built from the North-West Cape to link the eastern states with Australia’s largest natural gas field, West Australian Premier Colin Barnett says.
 
Barnett on Monday told a petroleum engineers conference that Australia should embrace natural gas for its energy needs and cut carbon emissions from coal, which accounts for 85 per [...]

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Japanese oil and gas producer Inpex on Friday chose Darwin as the site for a $24 billion gas processing plant that it had initially planned to build in WA’s north to process gas shipped from its Browse Basin Ichthys gas field.
The Chamber of Commerce and Industry WA said the decision not to build the plant [...]

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The Federal Resources Minister Martin Ferguson has arrived in Darwin ahead of an expected announcement this morning that Inpex will build it’s multi-billion dollar gas plant in the city.
Mr Ferguson flew into Darwin late last night from Canberra after yesterday’s Parliamentary sittings along with Territory MPs and Senators.
He’s expected to make an announcement today that [...]

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