AUSTRALIA

News Wrap

IN TODAY'S News Wrap: British worker killed on Brazilian offshore rig; BP, Shell considers multi-...

Brazilian rig death

Brazilian union Sindipetro NF has revealed that a 36-year-old British worker died in an accident during elevator maintenance for Sevan Drilling's SS-86 rig on Monday.

"The circumstances of the accident are not yet known, but a committee will be appointed to investigate the facts," the union stated yesterday according to a Portuguese translation.

The rig was drilling the 8-JUB-46D-ESS well for Petrobras.

Majors to exit Australian downstream and retail scenes

Royal Dutch Shell and BP are separately considering $A3 billion sales of refinery and petroleum station assets, based on sources, according to the Australian Financial Review.

Shell has reportedly started preliminary negotiations with a larger private equity firm and a consortium that includes investment bank Macquarie for selling 900 petrol stations and its Geelong oil refinery.

The newspaper claimed that BP was also examining a $3 billion sale of its Queensland and Western Australian petrol stations and refineries, with the major reportedly owning 225 stations of the 1400 it supplies.

Ageing infrastructure and associated expenses, the high Australian dollar and fierce competition in the petrol retail market are expected to be factors at play, while majors already had asset selling campaigns underway last year.

Leviathan eyes pipeline opportunities instead of LNG

Following the recent $US1.2 billion ($A1.35 billion) deal to supply nearby Palestine Power Generation Company, the Noble Energy-led Leviathan project aims to build a pipeline to export the Israeli offshore gas to Jordan, Bloomberg reports.

Two undisclosed sources reportedly said the new pipeline would start at Sdom and be an extension to an existing link that supplied gas to Dead Sea Works Ltd's chemical plant there.

Noble CEO Charles Davidson signalled in November that neighbouring gas markets would be targeted over east Asian LNG markets.

Woodside has still not closed the non-binding deal it struck more than a year ago [December 2012] to buy a 30% project stake in the project.

TOPICS:

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

editions

Future of Energy Report: Nuclear Power in Australia 2024

Energy News Bulletin’s new report examines what the energy and resources industry thinks of the idea of a nuclear-powered Australia.

editions

ENB CCS Report 2024

ENB’s CCS Report 2024 finds that CCS could be the much-needed magic bullet for Australia’s decarbonisation drive

editions

ENB Cost Report 2023

ENB’s latest Cost Report findings provide optimism as investments in oil and gas, as well as new energy rise.

editions

ENB Future of Energy Report 2023

ENB’s inaugural Future of Energy Report details the industry outlook on the medium-to-long-term future for the sector in the Asia Pacific region.