BP BP -2.43 % PLC on Tuesday abandoned plans to drill deep-water oil-exploration wells off the southern coast of Australia, saying the project’s finances don’t stack up against other opportunities Continue Reading
Company says move unrelated to environmental approval delays BP was targeting resources in deep water, hostile environment BP Plc has abandoned oil exploration in the offshore Great Australian Bight , Continue Reading
The state of Victoria plans to ban shale and coal seam gas fracking in what would be Australia’s first permanent ban on unconventional gas drilling, citing the concerns of farmers Continue Reading
Australia is on track to become the world’s biggest liquefied natural gas (LNG) exporter by 2019 yet faces a looming shortage at home as states restrict new drilling onshore and Continue Reading
The more than two dozen areas opened up to energy explorers off the western coast of Australia could help with global energy ambitions, a minister said. The government opened 28 Continue Reading
More than $300 million in contracts for the upstream side of the energy sector goes toward developing offshore Australia, a division of Schlumberger said. Schlumberger subsidiary OneSubsea secured an engineering Continue Reading
China National Offshore Oil Company (CNOOC) has exported a 35,000-tonne cargo of diesel meeting Australian specifications for the fuel, the first shipment of its kind, a statement by the state Continue Reading
BP Australia Exploration As if the current oil markets weren’t tough enough for producers, companies are increasingly finding that regulators are making it harder to drill new sources of oil. Continue Reading
Otto Energy Ltd., a company with headquarters in Australia, said it made an oil discovery in the Gulf of Mexico that was productive enough to keep drilling. The company said Continue Reading
Chevron Corp. has shipped its first cargo of liquefied natural gas from its new multibillion-dollar plant off Australia’s west coast to a customer in Japan, the U.S. energy company said Continue Reading
