The Best Cyprus Community

Skip to content


Woodside Petroleum coming to Cyprus

Benefits and problems from the EU membership.

Woodside Petroleum coming to Cyprus

Postby Paphitis » Fri Oct 18, 2013 1:59 pm

Woodside to Join Noble, Avner and Delek in the Cyprus LNG Project

Although not originally party to the MOU signed between Texas-based Noble Energy, Israel’s Avner and Delek and the Cypriot government, the Australian giant Woodside Petroleum is considering participating in an LNG terminal in Vassilikos, Cyprus. An LNG project agreement is expected to be signed by December 31 of this year. Such an agreement would cover the terms of the development and the commercial structure of the LNG, the conditions of the involvement of third parties and the possibility of expanding the LNG to accommodate gas discovered in other areas of Cyprus’ EEZ or in the EEZs of neighboring countries.

http://www.naturalgaseurope.com/woodsid ... ng-project

Woodside reviewing Israel plan - report

"The West Australian" reports that Woodside Petroleum Ltd. (ASX: WPL) is considering joining a liquefied natural gas (LNG) consortium in Cyprus, instead of in Israel.

Woodside, which had planned to acquire 30% of the rights to the Leviathan natural gas field and to build an LNG plant in Israel for the export of gas to the Far East, is reconsidering this plan, after Leviathan partners Delek Group Ltd. (TASE: DLEKG) and Noble Energy Inc. (NYSE: NBL) signed a memorandum of understanding with the Cypriot government on Thursday to build an LNG plant there.

http://www.globes.co.il/serveen/globes/ ... 1000857989

Woodside diversifies to Cyprus

WOODSIDE Petroleum boss Peter Coleman is wasting no time in his push to diversify out of Australia, bidding for deepwater gas ground off Cyprus where he is targeting development through a liquefied natural gas plant.

The move was revealed by the Cyprian (sic) government at the weekend and confirmed yesterday by Mr Coleman at the Australian Petroleum Production Exploration Association meeting in Adelaide.

http://www.theaustralian.com.au/busines ... 6355285198


So what do we have now? An energy alliance between US, Israel, Australia and Cyprus!

A decision will be made by the end of the year. Apparently, Woodside is going to make an offer on some RoC plots adjoining Aphrodite and are in heavy negotiations with the RoC Government! :D

Is this Check Mate for Turkey? :D

Maybe France, UK and Russia to follow....

Looks like Turkey's days in Cyprus are finally numbered! :wink:

Must tell wifey to buy some Woodside Petroleum shares in order to support their Cypriot operations in the future! :P
User avatar
Paphitis
Leading Contributor
Leading Contributor
 
Posts: 20971
Joined: Sun May 21, 2006 2:06 pm

Re: Woodside Petroleum coming to Cyprus

Postby B25 » Fri Oct 18, 2013 2:21 pm

Maybe Turkey will just now Ban Woodside from any energy projects in Turkey!!! Plonkers.
User avatar
B25
Main Contributor
Main Contributor
 
Posts: 6075
Joined: Wed Sep 30, 2009 7:03 pm
Location: ** Classified **

Re: Woodside Petroleum coming to Cyprus

Postby Paphitis » Fri Oct 18, 2013 2:37 pm

B25 wrote:Maybe Turkey will just now Ban Woodside from any energy projects in Turkey!!! Plonkers.


Well I am sure Woodside Executives will have a chuckle about the prospect.

When will Turkey finally understand that no one gives a stuff about her idle threats? :?
User avatar
Paphitis
Leading Contributor
Leading Contributor
 
Posts: 20971
Joined: Sun May 21, 2006 2:06 pm

Re: Woodside Petroleum coming to Cyprus

Postby Paphitis » Fri Oct 18, 2013 2:51 pm

Cyprus’ second offshore bidding round: Expectations exceeded

Major energy companies from around the world have expressed a desire to search for and extract huge reserves of natural gas that are known to exist under the Mediterranean Sea offshore Cyprus.

Evidence of this international interest in Cyprus became clear on 11 May when it was revealed that, in the country’s second licensing round, no fewer than fifteen companies had bid for exploration contracts in nine offshore blocks.

“Our expectations were high, and I can tell you from the outset that the results of this round very much exceeded our expectations,” said Cyprus Energy Minister Neoclis Sylikiotis.

The interest in this second licensing round is further proof of Cyprus’ emerging new identity – as a major player on the global energy stage. The island faces the exciting prospect in the years ahead of becoming both self-sufficient in energy and an exporter of natural gas. The development and expansion of Cyprus’ natural gas sector will require huge investment, throwing open enormous business opportunities in future decades, in the industry itself and in spin-off projects.

Cyprus’ breakthrough onto the world energy scene came in December 2011 when US company Noble Energy announced the discovery of “significant natural gas resources” in Cyprus’ offshore Block 12. The company had earlier made two colossal discoveries in waters nearby, offshore Israel.

These success stories caught the attention of energy companies across the world, attracted by the prospect of the Eastern Mediterranean region as a whole containing an estimated 122 trillion cubic feet of undiscovered recoverable natural gas. Thus the huge interest shown in Cyprus’ second bid round.

Competitors for offshore contracts include major energy players like Russia’s Novatek in conjunction with Gazprom’s GPB Global Resources, Italy’s ENI, France’s Total, Malaysia’s Petronas and Korea’s Kogas. Bids have also been received from Vitol (headquartered in the Netherlands and Switzerland), Delek (Israel), Marathon Oil (US) and Woodside Energy Holdings (Australia). Companies from Canada, Cyprus, Indonesia and Lebanon and the UK are also involved in individual or joint bids.


Novatek - Russia
Gazprom - Russia
ENI - Italy
Total - France
Petronas - Malaysia
Kogas - South Korea
Vitol - Holland
Delek - Israel
Marathon Oil - US
Woodside Energy Holdings - Australia
Avner - Israel
Noble Energy - US

Plus other companies from Canada, Indonesia, Lebanon and UK are involved in joint ventures with the above-mentioned companies.

:D

Checkmate!
User avatar
Paphitis
Leading Contributor
Leading Contributor
 
Posts: 20971
Joined: Sun May 21, 2006 2:06 pm

Re: Woodside Petroleum coming to Cyprus

Postby Demonax » Fri Oct 18, 2013 11:36 pm

Not forgetting the French...

Total seeks role in LNG terminal

ENERGY giant Total is looking to participate in the development of a gas liquefaction terminal, it emerged on Wednesday, as the cabinet approved a draft MoU with the French company.

Reports said the MoU was approved and will be signed in the next days.

Total has secured two offshore blocks in the Cyprus Exclusive Economic Zone.

Cyprus has already signed a similar agreement with US oil company Noble Energy, which has discovered natural gas in an offshore field known as Block 12.

Energy Minister George Lakkotrypis said the terminal remained Cyprus’ strategic target.

Briefing reporters about his recent visit to Israel, the minister said that on the agenda of his meetings were issues concerning the possibility of natural gas supply to Cyprus for electricity as well as an agreement to jointly exploit hydrocarbon reserves, which are located at the border of the Exclusive Economic Zones of both countries.

Two days ago, the European Commission approved three projects of common interest which concern Cyprus.

One of them is a feasibility study for a natural gas pipeline from Cyprus to Greece.

Lakkotrypis said this was discussed last week during a visit of a Greek delegation to Israel and was also the focus of a discussion held between the Cypriot delegation that visited Israel.

“We have made clear that according to our own techno-economic studies, our strategy remains the natural gas liquefaction terminal”, he said.

The minister added that the possibility to have a pipeline from Israel to Cyprus and then to Greece is something that will be clarified by the project of common interest, which was approved by the European Commission.

On Monday, the European Commission announced a list of 250 infrastructure projects that may qualify for €5.8 billion of funding.


http://cyprus-mail.com/2013/10/16/total ... -terminal/
User avatar
Demonax
Regular Contributor
Regular Contributor
 
Posts: 1815
Joined: Fri Aug 24, 2012 12:05 am

Re: Woodside Petroleum coming to Cyprus

Postby GreekIslandGirl » Sat Oct 19, 2013 12:46 am

Business deals. Not "alliances".

- It's telling that "Woodside" was all for selling to the far east (lol) until it realised that Cyprus is only interested in Europe (via Greece).
User avatar
GreekIslandGirl
Main Contributor
Main Contributor
 
Posts: 8954
Joined: Sat Oct 15, 2011 1:03 am

Re: Woodside Petroleum coming to Cyprus

Postby Paphitis » Sat Oct 19, 2013 4:52 am

GreekIslandGirl wrote:Business deals. Not "alliances".

- It's telling that "Woodside" was all for selling to the far east (lol) until it realised that Cyprus is only interested in Europe (via Greece).


If you would do your research you will see that Woodside Petroleum is basically a sister company to Shell which is a European company (mainly).

http://www.woodside.com.au/our-business ... rship.aspx

You should see what these business alliances meant for East Timor and its liberation from Indonesia. Alexander Downer was a big player in all of that.

I can assure you that Australia will view any Turkish interference with its interests very dimly and it has the ability to project a lot of firepower from Strategic Weapons through Cyprus and from the SBAs and it will have political support from the US and Israel and NATO will never act against Australia. In fact, Turkey will be dropped quicker than a hot potato.

Cyprus should use the US, Israel and Australia for all their worth, both economically and politically.

Woodside Petroleum was also invited practically by Israel's Delek to build and run the LNG plants at Vasilliko and Israel. These plants will be interconnected with each other and will supply Natural Gas to the EU and the Far East into China if they have to (also an Israeli ambition). Having a pipeline into China is no big deal and it opens up a massive market to both Cyprus and Israel and the stakeholders will pump the Gas wherever they can make the most profit.

Woodside Petroleum (Noble, Delek and Avner) do not have a problem having a pipeline through Greece I am sure, so they can also pump the Gas to Germany, France and UK. In fact it was Israel's idea to take the Gas through Greece because they don't want to deal with Turkey's instability. Woodside Petroleum will view any instability as a business risk as well, and they would prefer spending more for underwater pipelines into Greece to get the Gas to the Western EU markets.

If you do some more research you will also see that Woodside Petroleum is already in Israel as they have signed a deal to buy 30% of Israel's Leviathan Field from Noble Energy, Delek and Avner.

So in actual fact, Australia is already in the area and is now looking at Cyprus by bidding for some RoC fields and will be involved in some way at Vassiliko.

This is a massive alliance for Cyprus. In fact, Woodside Petroleum is a much larger company than Noble. I think that Woodside Petroleum and Total would be the big 2 and both have massive EU interests.

I also have it on good authority that Woodside Petroleum is actually negotiating with Noble to buy into Aphrodite.

http://www.woodside.com.au/our-business ... fault.aspx

I wonder if Alexander Downer has an interest in Woodside? He better divulge his financial interests! :lol:

Oh boy Turkey is going to be pissed off! :D
User avatar
Paphitis
Leading Contributor
Leading Contributor
 
Posts: 20971
Joined: Sun May 21, 2006 2:06 pm

Re: Woodside Petroleum coming to Cyprus

Postby miltiades » Sat Oct 19, 2013 6:24 am

CLARETinet to my...ears :lol:
User avatar
miltiades
Leading Contributor
Leading Contributor
 
Posts: 16332
Joined: Thu Apr 13, 2006 10:01 pm

Re: Woodside Petroleum coming to Cyprus

Postby Flying Horse » Sat Oct 19, 2013 10:16 am

Very very interesting..........


Us lot that wish to move to Cyprus permanently, may have to consider doing this now before it gets too elite to live there! :roll:
User avatar
Flying Horse
Contributor
Contributor
 
Posts: 709
Joined: Sat Jul 13, 2013 5:38 pm

Re: Woodside Petroleum coming to Cyprus

Postby Paphitis » Sat Oct 19, 2013 2:39 pm

Well. it seems the RoC better get Woodside in pretty quick because they seem to be the experts in LNG which means Turkey can be bypassed for sure.

Woodside deal hits new snag in Israel

WOODSIDE Petroleum may be squeezed for more cash in its $US1.25 billion ($1.39bn) push to buy into Israel's giant Leviathan gas project because the field's owners are keen to pipe gas to Turkey at the expense of some liquefied natural gas capacity Woodside wanted to operate.

As reported in The Weekend Australian on Saturday, Leviathan operator Noble Energy last week threw more doubt on the Woodside deal, saying uncertainty over Israel's gas export policy was holding it back and that regional exports may be favoured.

Israel's Haaretz news group is now reporting Noble and its partners want to export gas to the Turkish coast via an offshore pipeline.

This would be cheaper and faster than exporting the same volume of gas through LNG but would still net high gas prices.

- See more at: http://www.theaustralian.com.au/busines ... YqKBB.dpuf
You do not have the required permissions to view the files attached to this post.
User avatar
Paphitis
Leading Contributor
Leading Contributor
 
Posts: 20971
Joined: Sun May 21, 2006 2:06 pm

Next

Return to Cyprus and the European Union

Who is online

Users browsing this forum: No registered users and 0 guests