Australia to Invest $13 Billion in Energy Technology to Cut Emissions
Australia plans to invest AU$18 billion (US$13 billion) over the next 10 years in technologies to cut carbon emissions in the fight against climate change, the country’s energy minister said on Sept. 22.
Japan’s Inpex, Chevron Cut Jobs in Australia
Inpex operates the $45 billion Ichthys project in Darwin. Chevron’s operations in Australia have been hit this year by an outage at its giant Gorgon LNG plant.
E&P Plus: September 2020 International Drilling Activity Highlights
Check out the latest oil and gas drilling activity highlights from around the world featured in the September issue of E&P including plans to drill and test a play offshore the U.K. originally discovered by ConocoPhillips in 1982.
Chevron Delays Restart of Gorgon LNG Unit to October for Extra Repairs
Train 2 at Australia’s second-largest LNG plant has been shut since May for maintenance, which was extended after cracks were found in the production unit’s propane kettles.
Exxon Mobil Weighs Global Job Cuts after Unveiling Australian Lay-off Plan
Exxon is the latest oil major to embark on axing jobs spurred by a historic collapse in fuel demand because of the coronavirus pandemic.
Best of This Week’s Drilling Activity Highlights (Aug. 28, 2020)
ConocoPhillips Alaska wildcat hits hydrocarbons plus high-volume Marcellus Shale completions by Chesapeake Energy in Pennsylvania’s Susquehanna County top this week’s drilling activity highlights from around the world.
Energy A&D Transactions from the Week of Aug. 19, 2020
Here’s a snapshot of recent energy deals including Southwestern Energy’s acquisition of Montage Resources in an all-stock deal, boosting its position in Appalachia’s Marcellus and Utica shale plays.
BHP Plans Sale of Australian Bass Strait Oil Venture Stake
The Bass Strait joint venture is co-owned and operated by Exxon Mobil Corp., which has also put its 50% stake up for sale. Analysts have estimated the 50% stake could fetch up to $3 billion.
Woodside Petroleum Says on the Lookout for Acquisitions
"We're clearly scanning the landscape very closely looking for opportunities," Woodside Petroleum CEO Peter Coleman told analysts on a conference call.
Energy A&D Transactions from the Week of Aug. 12, 2020
Here’s a snapshot of recent energy deals including the purchase of bankrupt Templar Energy by Presidio Petroleum, expanding Presidio’s Midcontinent position into Oklahoma’s STACK Play.