Gas LNG

Woodside secures funds


Woodside Energy has successfully raised approximately $1.57 billion as part of the institutional component of its entitlement offer.

PPO News provides you with a wrap of this week’s company news and movements in the Australian oil and gas industry.

Kumul Petroleum Holdings Limited (KPHL) has signed a binding Heads of Agreement (HoA) with Total for the joint marketing and sale of their shares of LNG and condensates to be produced from the Papua LNG Project.

Origin Energy has revealed a statutory loss of $207 million in its half year FY18 report, driven by impairment charges after tax of $533 million.

Woodside signals LNG expansion


Following yesterday’s announcement of a $2.5 billion fundraising scheme for a majority stake in the Scarborough gas field, Woodside is looking to expand its LNG presence.

Woodside gunning for Scarborough stake


Woodside Energy has said it will raise $2.5 billion to fund the purchase of ExxonMobil’s stake in the Scarborough gas field, offshore Western Australia.

South Korea’s state-run KOGAS has entered court-administered arbitration talks with the NWS LNG Joint Venture over an LNG contract that expired in 2016.

Armour Energy Limited’s Kincora Gas Plant has achieved the Phase 1 target of the plant’s restart.

Quadrants Energy’s potential initial public offering (IPO) has been cancelled indefinitely, leading to the possibility of a major investor putting their stake in the company up for sale.

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