Aibel has been awarded an exploration and production contract for modifications on Woodside Energy’s floating production storage and offloading (FPSO) vessel off Western Australia used in its Greater Enfield project.
They’re among the oldest oil fields in Australia still in production. Now they are proving superfluous to some of the world’s biggest producers that are purging high-cost assets to weather crude’s collapse.
Range Resources' share trading on the AIM market will be unaffected by its request for voluntary suspension of its shares on the Australian Stock Exchange.
Cape, which provides support services to the energy and natural resources sectors, reported mixed trading conditions in the first quarter of 2016 with margins lower than expected but with "solid" order intake and revenue.
Mosman loss was wider in the first half of the current financial year thanks to one-off costs related to impairments and the termination of a deal to acquire a producing project in New Zealand.
Chinese gas distributor ENN has bought a $750 million stake in Australian gas producer Santos as it attempts to ease its dependence on state-owned suppliers for supply.
Woodside Petroleum Ltd. and partners including Royal Dutch Shell and BP scrapped plans to develop the $40 billion Browse liquefied natural gas project in Australia after the plunge in oil and gas prices.
Woodside Petroleum Ltd. reported a 99 percent decline in full-year profit, its worst result in 13 years, and cast doubt on any recovery this year from the energy price crash that forced it to write down the value of its assets.
Pilot Energy said the West Australian Department of Mines and Petroleum has approved the transfer of title and operatorship to the company for two exploration permits.