BP Plc won’t proceed with oil exploration in the offshore Great Australian Bight five years after it began looking for resources in the area and before it was allowed to drill any wells.
A rush by Australia’s state governments to switch to clean electricity sources could undermine the country’s energy security, the federal government has warned after an entire state lost power.
Australia’s offshore oil and gas authority has asked BP to provide more information about its hotly disputed plans to drill off the country’s south coast.
The Australian government has reached a 39.3 million Australian dollar (£22.6 million) settlement with the owners of a Chinese coal carrier to pay for environmental damage caused when the ship ran aground on the Great Barrier Reef six year ago.
A green group yesterday called for BP’s application to drill for oil in the Great Australian Bight to be rejected amid concerns a spill could cause widespread damage.
A Chinese businessman has spent $5million on some unusual real estate after acquiring a petrol station.
Energy service company Neptune has agreed to carry out a range of engineering and manufacturing services on behalf of Repsol Sinopec Resources UK.
Tokyo Gas has received its first liquefied natural gas (LNG) cargo from oil major Chevron's Gorgon facility in Australia.
Australia’s petroleum exploration spend fell nearly 20% in June, according to the latest figures.
Australia is taking legal action against its local arm of Volkswagen amid claims the company mislead customers by selling modified vehicles which covered up emissions fraud.
A green group has called for the Scottish Government to follow an Australian state’s lead and ban fracking.
Australian energy company AWE has started selling gas from Waitsia project in the onshore Perth Basin.
An Australian construction firm is taking Chevron and KBR to court in a dispute over the Gorgon LNG project, a news report said today.
BP has submitted a second environmental plan to Australia’s offshore oil and gas regulator as it looks to drill exploration wells off the country’s southern coast.
Beijing has warned Australia it could reduce investment in the country following the decision to block a Chinese takeover of its biggest energy grid, a news report said.
The market for liquefied natural gas is about to attract more players and more trading as new supply from the US and Australia strengthens buyers’ bargaining power.
Conventional oil and gas explorer Sacgasco has farmed out a working interest in its US onshore assets to another Australian company.
Australia made a preliminary decision to reject bids for its Ausgrid electricity network from Hong Kong billionaire Li Ka-shing and State Grid Corp. of China amid growing opposition to selling infrastructure assets to overseas investors.
Oil major BP could be on a collision course with environmental groups as a mammoth rig makes its way from a Korean shipyard to the Great Australian Bight.
Wood Group said today it will carry out maintenance work on an Australian water grid as part of a five year contract worth $30million. The Aberdeen energy service giant said about 70 new jobs would be created within the company to cover the workload. Seqwater, an organisation which supplies water to 3.1 million people in South East Queensland, chose Wood Group as its partner for the job.
Oil major Shell has called for greater levels of immigration to help boost population growth in Australia.
Engineers are launching a bid to put Britain on the winning podium of an epic 1,800-mile car race powered by the sun.
Nexans has won a contract worth $21.9million from OneSubsea for its Greater Enfield Development.
Real Energy said it has recommenced field operations in the Cooper Basin.
MEO Australia has reached an agreement to assign its 50% interest in the WA-454-P exploration to Origin Energy.