The Australian sharemarket has fallen heavily as bond yields rise; Biden says stimulus package price will be 'high'; QBE says 'confident' of margin expansion; Retail sales rise 7.1pc in November; China CPI was 0.2 per cent in December.
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Wood Mackenzie’s Australasian upstream 2021 outlook report shows at least US$11 billion of gas projects poised for FID in 2021.
With LNG backfill as the focus, these projects include three upstream FIDs – Mitsui’s Waitsia, Santos’ Barossa and Woodside’s Scarborough – and the AIE Port Kembla LNG import terminal which will supply the East Coast market.
Wood Mackenzie senior analyst Daniel Toleman said: “After doing everything possible to tighten belts this year, Australian operators will open their wallets and start spending. The backlog of FIDs will begin to clear as a fresh round of projects are sanctioned. But for this to occur, there has to be continuing improvement in the macro-environment and prices trending up.”
Stokes-backed controversial Mid West gas project gets go ahead
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Stokes-backed controversial Mid West gas project gets go ahead
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The joint venture behind the proposal to build WA’s biggest ever onshore gas plant has pulled the trigger on the project.
Japanese conglomerate Mitsui Australia and Kerry Stokes-backed Beach Energy made a final investment decision to proceed with their controversial Waitsia stage two gas project in WA’s Mid-West after inking key agreements with the government and other stakeholders.
An artists impression of the Waitsia stage 2 gas plant.
Australia: Strike Energy announces West Erregulla update
15 Dec 2020
Gas shows throughout the Dongara and upper Wagina sandstones.
Strike Energy has provided an update on behalf of the
EP469 Joint Venture.
Current Operations
Since the last update, Strike has completed wireline logging operations in the secondintermediate hole section across the Jurassic and Triassic formations and cased and cemented the 9-5/8” casing in place. Post this, Strike commenced drilling operations and the well is currently at 4,024m (measured depth).
The wireline logs across the Jurassic and Triassic sequences revealed several conventional quality sands with good porosity development and evidence of historical hydrocarbon migration. However, these formations were measured with only residual amounts of retained oil and or gas. During the drilling of the final section of the well, consistent hydrocarbons shows have been observed throughout the Dongara and upper Wagina sandstones.
Over US$11 billion of Australian gas projects to be sanctioned in 2021 | Hellenic Shipping News Worldwide hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.