The world risks national oil companies stepping in to replace private capital if emissions reduction is poorly handled, Kevin Gallagher has warned, after the industry came under fire from Andrew Forrest today.
Engineering company Clough and its former directors have lost their bid to have amendments to Forge Group's $200 million claim against them struck out, as the legal battle enters its third year.
Cottesloe company Kato Energy is progressing plans to develop multiple ‘stranded' oil fields off the WA coast after gaining key regulatory approvals this month.
Developing a technology road map and finding options for local recycling will be two initial projects of a new decommissioning centre for the oil and gas industry.
Exploration spending for onshore oil and gas exceeded offshore in 2020, a highly unusual trend, although gas reserves may be in terminal decline, Energy Quest said.
Santos has approved a $US235 million drilling program to extend the life of its Bayu-Undan field in the Timor Sea as a backfill to the Darwin LNG plant.
The NSW premier insists the controversial Narrabri coal seam gas project went through a robust assessment before it was approved, sparking outrage from locals.
Industrial services provider Downer has been awarded $324 million in contracts with the likes of BHP, Santos and Wesfarmers across the electricity, oil, gas and industrial sectors.
Santos has posted a 13 per cent drop in first-quarter revenue due to lower realised prices for oil and gas but says it has sufficient liquidity and debt headroom to weather the recent crude price c
A historic overnight collapse in oil markets has not significantly shaken bigger ASX-listed energy producers today, but it does foreshadow continuing uncertainty for one of Western Australia's largest export industries.
The Australian share market has shaken off a weak lead from Wall Street to rise early as government prepares to announce further economic support measures for businesses amid the COVID-19 pandemic.
Decisions on two LNG projects worth a combined $22 billion are likely to be delayed from this year to 2021, according to analysts Wood Mackenzie, while many producers have cut back to only essential staff.
Australia's share market has rallied from a near eight-year low with the US Federal Reserve taking drastic action to shore up markets and new coronavirus cases seeming to plateau in Italy.
Santos is confident a suite of financial measures introduced today will help it withstand the impacts of COVID-19, while MMA Offshore has withdrawn its guidance as the virus crisis hits the energy sector.
Engineering and construction contractor Monadelphous no longer expects its revenue to grow by 10 per cent this financial year, saying the economic slowdown and uncertain outlook meant it was unable
Santos has already offloaded a portion of the Darwin LNG operation for $US390 million ($620 million) to South Korean SK E&S, in line with plans flagged during an acquisition of ConocoPhillips' northern Australian assets in October.
The Australian stock market has shed more than $100 billion as it sinks to its lowest level in over a year, following US markets lower after a rise in the number of coronavirus cases.
