Chevron signs $60B gas deal with S. Korea, Japan

Woodside Petroleum Ltd., Australia’s second-biggest oil producer, said it’s in talks with companies for a potential partnership to enter Canada’s natural gas industry to tap rising Asian demand. “It’s natural in an area that has the sort of hydrocarbon resource that Canada does that Woodside is in there talking to people,” Chief Executive Officer Peter Coleman said Thursday in an interview in Sydney, declining to name any companies.

Nearly 2m homes in the UK will be heated by shale gas from the US within five years, under a deal agreed on Monday that is likely to be the first time major exports of the controversial energy source are used in the UK.

Italian oil and gas major Eni opened up Mozambique’s gas riches to China on Thursday when it agreed to sell a 20% stake in its giant Mozambique gas field to China National Petroleum Corporation for US$4.21-billion. The deal, still subject to approval by Mozambique authorities, will leave Eni with a 50% stake in the field which is the Italian company’s biggest ever gas discovery. “It’s great early monetisation on what is a world-class project and helps reduce Eni’s risk exposure to the area,” said Jason Kenney, oil analyst at Santander.

Click to enlarge PYONGYANG, North Korea — North Korea on Tuesday urged all forei

CALGARY — Pipeline firm AltaGas Ltd.  and a Japanese company have formed a partnership to explore shipping liquefied gas across the Pacific to Asian markets clamouring for new energy supplies. The Calgary-based company and Idemitsu Kosan Co. Ltd., a major petrochemical and refining firm, will each own half of the partnership, which envisions transporting both liquefied petroleum gas and liquefied natural gas overseas.