gas

Origin Energy (ASX:ORG) Origin Energy and US-based ConocoPhillips are going full steam ahead on the first stage of their $12.69 billion LNG project.

Gladstone was the third coal-seam gas plant to be approved in eight months, and the deal would make the plant the country's top gas export hub.

Woodside Petroleum (ASX:WPL) has signed a $30 billion agreement with native landowners to develop the Browse Basin liquefied natural gas export project in Kimberley, Western Australia.

Under the agreement with the Goolarabooloo Jabirr Jabirr Aborigines, Woodside pledged more than $1 billion to the native communities in the form of education, housing and initiatives, spread over 30 years.

Woodside Petroleum (ASX:WPL) reported today that it has discovered gas reserves at its Xeres-1 well in Western Australia.

Woodside,--which has a full equity interest in Xeres-1--along with joint venture partners WA-34-L Tokyo Gas and Kansai Electric, stand to acquire a 5 percent interest in the well.

The well is about 12 kilometres from the Pluto-1 discovery in licence WA-34-L, Carnarvon Basin, Western Australia.

New Woodside Petroleum (ASX:WPL) boss Peter Coleman has announced that he is sticking to the company's Browse gas development strategy while investors hope to quickly speed up getting gas from Scarborough field in WA's North West under the Pluto LNG project.

The Chinese energy companies continue their quest for securing oil and gas supply for the fast growing economy of the country with Sinopec on the move to achieve $1 billion worth of stake in the Queensland gas project of Santos Limited (STO). Sinopec is one of the three major China based energy companies that is currently focusing on the global sources for resources like oil and gas.

Gas and petroleum based company Santos Limited (STO), which is involved in the business of exploration, production, marketing and transportation of hydrocarbons with primary focus on Australia is currently holding talks with China based energy company Sinopec over a $400 million worth of stake in its Queensland liquefied natural gas project which will allow Santos to get an upper hand in the competitive industry.

Arrow Energy (AOE), one of the renowned coal seam gas producer and explorer of Australia with a current market capitalisation of over AUS$2 billion with resources in south and central Queensland and northern New South Wales was at the number winning company of the 10th week in ASX100 with a gain of 49.4 percent or $1.72 to its stock price closing the week at $5.20 (market capitalisation $3808.4 million).