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Australia Oil and Gas Market Update Nov, 2013

• North Rankin starts production in Australia – Woodside Petroleum has announced the start-up of the US$4.7 billion North Rankin redevelopment project, off north-west Australia.
• Chevron, Tohoku Electric in 20-year Aussie LNG deal – The Australian subsidiaries of Chevron have signed binding long-term Sales and Purchase Agreements (SPAs) with Tohoku Electric Power Company, Inc. (Tohoku) to supply liquefied natural gas (LNG) from the Chevron-operated Wheatstone Project in Western Australia.