Lower long-term LNG prices could encourage coal-to-gas switching in Northeast Asia, while Chinese LNG demand is also expected to expand this year, albeit at a slower rate, as China gets back to work.
Despite a recently announced planned capital raising, Australian-listed Oil Search, which has major stakes in Papua New Guinea’s emerging LNG sector, is a prime takeover target, as mergers become more likely in a low oil price world.
Subsea 7 has announced the award of new contracts off the coast of Australia and the US Gulf of Mexico.
Equinor ASA has dropped plans for oil drilling deep in the ocean off Australia’s south coast following a sustained campaign from environmentalists who said the project posed too big a risk to the vast and unique marine ecosystem.
An Aberdeenshire oilfield chemistry firm is hailing the start of a new era as one of the pioneers of the market hands over the reins to his son.
Australia is set to add a record amount of renewable power in 2020, driven by growing corporate demand for clean electricity and to fill generation gaps created by the retirement of aging coal-fired plants.
Energy services giant Wood has secured a £100 million, three-year contract extension to provide maintenance on Melbourne's water infrastructure.
The Energy Transition and Extinction Rebellion may have led the energy news agenda and stimulated reflection in many E&P boardrooms in 2019, but the impact on exploration drilling is not yet apparent.
Australian LNG exports will rise to 81 million tonnes in 2019-20, according to the country’s new Resources and Energy Quarterly (REQ), although the value of these will decline.
U.S. energy giant Chevron will buy Australia's Puma Energy for about $292 million to provide more fuel distribution support in the Asia-Pacific region.
Southeast Asia and Australia are set to take centre stage in the region’s upstream M&A activity as private equity companies sense a value opportunity.
Qatar Petroleum (QP) intends to produce 126 million tonnes per year of LNG by 2027, from its current level of 77mn tpy.
Two of Australia’s richest people, Atlassian Corp. co-founder Mike Cannon-Brookes and Fortescue Metals Group Chairman Andrew Forrest, are investing in an ambitious project to export solar power from a giant plant in Australia to Singapore via a 4,500 kilometer (2,800 miles) transmission cable.
The answer to the renewable energy industry’s biggest challenge is emerging in the Australian outback.
Japanese firm Modec will supply the floating production, storage and offloading (FPSO) vessel for ConocoPhillips' Barossa field, offshore Australia.
Woodside Energy is pushing ahead with its Scarborough plan, even while the final investment decision (FID) for Browse has been pushed back to the first half of 2021.
Norwegian energy giant Equinor has picked up exploration acreage off Western Australia.
Exxon Mobil is putting some of its offshore Australian assets up for sale as it continues to consider selling off many of its mature offshore assets around the world - from the Gulf of Mexico to the North Sea.
Australia’s Woodside Energy has signed a preliminary deal on supply LNG to Uniper Global Commodities.
Royal Dutch Shell Plc has been sued by Australia’s tax authority as the agency pursues multinational companies over tax avoidance, the Guardian reported.
Royal Dutch Shell Plc has taken the plunge into Australia’s energy market with a $418 million deal to buy ERM Power Ltd., the nation’s second-largest electricity retailer to commercial and industrial customers, as it drives toward a goal to become the world’s top power producer by 2030.
Australia’s financing of cleaner power is slowing because the country’s aging grid isn’t being upgraded quick enough to accept new, intermittent generation and transport it efficiently to demand centers.
US energy services giants McDermott and Baker Hughes GE have been awarded contracts for the Inpex-operated Ichthys LNG project off Western Australia.
Shell has shipped the first LNG cargo from Prelude, the world’s largest offshore facility ever constructed.
Footage has been released of a medical evacuation from a 250metre oil tanker.