Latest news with #APLNG
Yahoo
11 hours ago
- Business
- Yahoo
ConocoPhillips (COP) Nearing Deal to Divest Oklahoma Assets to Stone Ridge Energy
ConocoPhillips (NYSE:COP) is one of the top stocks sold by hedge funds. On July 11, RBC Capital trimmed the price target on COP from $115 to $113, while reaffirming an Outperform rating on the shares. According to RBC, expected earnings and cash flow per share are slightly higher than the company's own assumptions of $1.30 and $4.5 billion. The firm noted that leverage in Q2 2025 is likely to climb, reflecting working capital pressures, higher capital expenditure, and missing APLNG distributions. An aerial view of a power plant, symbolizing the company's investments in energy infrastructure sector. The firm observes that ConocoPhillips is on the verge of a free cash flow transition, driven by a significant reduction in major capital outlays expected in Q3 2025. Core investor debates now revolve around shareholder payout metrics, planned divestments, the capex-to-cash flow inflection, and the rate of drilling activity in the onshore Lower 48 region. ConocoPhillips (NYSE:COP) is an energy company that explores, produces, and sells oil, gas, and LNG. It operates in different regions like the United States, Canada, Europe, and Asia, and has both traditional and renewable oil and gas projects. While we acknowledge the potential of COP as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and . Disclosure. None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
The Age
12 hours ago
- Business
- The Age
Gas giants agree to rein in exports as supply crunch looms
Large gas exporters face unprecedented requirements to keep greater supplies of the fossil fuel in Australia as more industry executives indicate they are willing to work with the Albanese government to finally establish domestic reservation rules. In a major reversal of oil and gas giants' long-running opposition to calls for an east-coast gas reserve, global energy major Shell has become the second major gas company to say it is prepared to support new domestic supply commitments, including rules that would compel liquefied natural gas (LNG) exporters to set aside a specified amount of their gas production that cannot be sold overseas and must be delivered only to local buyers. The move comes amid intensifying concerns from Australian governments, regulators and gas users that too much LNG is being shipped offshore from Queensland, exacerbating a supply crunch and driving up prices in Victoria, New South Wales and South Australia as the decades-old gas fields in Bass Strait continue to rapidly deplete. Australia has become one of the biggest global suppliers of LNG, a commodity that rakes in tens of billions of dollars of revenue a year. While Western Australia has its own gas reservation policy, requiring the LNG industry to hold back 15 per cent of their reserves, there were never such rules imposed on Queensland exporters when their terminals were launched a decade ago. Shell, which produces super-chilled LNG at its QCLNG joint venture near Gladstone, has told the federal government it would now back new commitments or reservation rules, as long as they applied equitably across the industry and were accompanied by a set of regulatory changes to remove barriers to drilling and developing new sources of gas supply. 'Reservation can only be part of a broader framework,' Shell Australia chair Cecile Wake said. 'Without active measures to increase the supply of gas, solely focusing on carving up an ever-diminishing supply will only curb investment and exacerbate the very problem it is trying to resolve.' Loading Last week, another Queensland exporter, Australia Pacific LNG (APLNG), also said it believed an export licensing and permitting regime that guaranteed supply for the domestic market was the best way to tackle concerns around supply shortfalls and rising prices. APLNG, whose backers include Origin Energy, US giant ConocoPhillips and China's Sinopec, stressed domestic contributions must be spread equitably among exporters. 'An export licensing and permitting regime … could address projected gas supply shortfalls in coming years while providing the investment certainty for the east-coast LNG producers and all market participants to develop new supply,' APLNG said.
Sydney Morning Herald
12 hours ago
- Business
- Sydney Morning Herald
Gas giants agree to rein in exports as supply crunch looms
Large gas exporters face unprecedented requirements to keep greater supplies of the fossil fuel in Australia as more industry executives indicate they are willing to work with the Albanese government to finally establish domestic reservation rules. In a major reversal of oil and gas giants' long-running opposition to calls for an east-coast gas reserve, global energy major Shell has become the second major gas company to say it is prepared to support new domestic supply commitments, including rules that would compel liquefied natural gas (LNG) exporters to set aside a specified amount of their gas production that cannot be sold overseas and must be delivered only to local buyers. The move comes amid intensifying concerns from Australian governments, regulators and gas users that too much LNG is being shipped offshore from Queensland, exacerbating a supply crunch and driving up prices in Victoria, New South Wales and South Australia as the decades-old gas fields in Bass Strait continue to rapidly deplete. Australia has become one of the biggest global suppliers of LNG, a commodity that rakes in tens of billions of dollars of revenue a year. While Western Australia has its own gas reservation policy, requiring the LNG industry to hold back 15 per cent of their reserves, there were never such rules imposed on Queensland exporters when their terminals were launched a decade ago. Shell, which produces super-chilled LNG at its QCLNG joint venture near Gladstone, has told the federal government it would now back new commitments or reservation rules, as long as they applied equitably across the industry and were accompanied by a set of regulatory changes to remove barriers to drilling and developing new sources of gas supply. 'Reservation can only be part of a broader framework,' Shell Australia chair Cecile Wake said. 'Without active measures to increase the supply of gas, solely focusing on carving up an ever-diminishing supply will only curb investment and exacerbate the very problem it is trying to resolve.' Loading Last week, another Queensland exporter, Australia Pacific LNG (APLNG), also said it believed an export licensing and permitting regime that guaranteed supply for the domestic market was the best way to tackle concerns around supply shortfalls and rising prices. APLNG, whose backers include Origin Energy, US giant ConocoPhillips and China's Sinopec, stressed domestic contributions must be spread equitably among exporters. 'An export licensing and permitting regime … could address projected gas supply shortfalls in coming years while providing the investment certainty for the east-coast LNG producers and all market participants to develop new supply,' APLNG said.
Sydney Morning Herald
3 days ago
- Business
- Sydney Morning Herald
One of Australia's biggest gas producers says more of it needs to stay home
The largest producer of liquefied natural gas (LNG) on the east coast of Australia wants the federal government to force east coast producers shipping gas overseas to set some aside for local use. In a submission to the government's review of the nation's gas market, Australia Pacific LNG (APLNG) says an export licensing and permitting regime that guarantees supply for the domestic market is the best way to tackle concerns around looming supply shortfalls and higher prices. The proposal, to be submitted to the government's review on Friday, comes amid widespread fears of gas supply shortages in Victoria and NSW which the Australian Competition and Consumer Commission warned could occur by the winter of 2028, and long-running concerns that too much gas is being shipped overseas instead of kept onshore. APLNG – a joint venture between Australia's Origin Energy, US giant ConocoPhillips and China's Sinopec – said it was crucial a new market framework discouraged producers buying gas from the domestic market to ship overseas. 'All east coast LNG producers have a role to play to support the domestic market; however, east coast LNG producers alone cannot be the solution for the entire projected shortfall in southern gas supply,' according to the APLNG submission, seen by this masthead. Loading 'Without fundamental reform that delivers equitable domestic supply obligations across all east coast LNG producers, the existing instruments will continue to make projected future shortfalls worse by discouraging investment. A reformed policy framework must address LNG producer purchases from the domestic market for export. They should have to equitably contribute gas for Australian jobs and power generation.' While most of Queensland's gas is locked into long-term export deals and sold as LNG to buyers in Asia, APNG and the Shell-backed QCLNG joint venture are also key suppliers of east coast domestic gas, together accounting for about 40 per cent of the market. The state's third LNG exporter, the Santos-backed GLNG business, however, is a net withdrawer of domestic gas to meet its export commitments.
The Age
3 days ago
- Business
- The Age
One of Australia's biggest gas producers says more of it needs to stay home
The largest producer of liquefied natural gas (LNG) on the east coast of Australia wants the federal government to force east coast producers shipping gas overseas to set some aside for local use. In a submission to the government's review of the nation's gas market, Australia Pacific LNG (APLNG) says an export licensing and permitting regime that guarantees supply for the domestic market is the best way to tackle concerns around looming supply shortfalls and higher prices. The proposal, to be submitted to the government's review on Friday, comes amid widespread fears of gas supply shortages in Victoria and NSW which the Australian Competition and Consumer Commission warned could occur by the winter of 2028, and long-running concerns that too much gas is being shipped overseas instead of kept onshore. APLNG – a joint venture between Australia's Origin Energy, US giant ConocoPhillips and China's Sinopec – said it was crucial a new market framework discouraged producers buying gas from the domestic market to ship overseas. 'All east coast LNG producers have a role to play to support the domestic market; however, east coast LNG producers alone cannot be the solution for the entire projected shortfall in southern gas supply,' according to the APLNG submission, seen by this masthead. Loading 'Without fundamental reform that delivers equitable domestic supply obligations across all east coast LNG producers, the existing instruments will continue to make projected future shortfalls worse by discouraging investment. A reformed policy framework must address LNG producer purchases from the domestic market for export. They should have to equitably contribute gas for Australian jobs and power generation.' While most of Queensland's gas is locked into long-term export deals and sold as LNG to buyers in Asia, APNG and the Shell-backed QCLNG joint venture are also key suppliers of east coast domestic gas, together accounting for about 40 per cent of the market. The state's third LNG exporter, the Santos-backed GLNG business, however, is a net withdrawer of domestic gas to meet its export commitments.
