Australia's governing Liberal party has won a tight regional election in South Australia, a victory that could deal a blow to national renewable energy plans.
Royal Dutch Shell is selling its upstream assets in New Zealand to Austria's OMV AG for $578 million, the companies said on March 15.
The Australian Petroleum Production & Exploration Association (APPEA) has hailed a supply deal between Shell Australia cum PetroChina owned Arrow Energy to supply gas from the massive Surat Basin to the QCLNG LNG export facility at Gladstone, Queensland.
Association’s chief urges states to back off fracking inquiries to facilitate greater supply in the east.
The pause on fracking freezes more than A$380 million in investment in new onshore projects, said Stedman Ellis, COO of Australian Petroleum Production and Exploration Association WA.
Global miner BHP Billiton unveiled a board shakeup where controversial director Grant King will step down just six months after his appointment with the company amid oil investments concerns, BHP said on Aug. 23.
Speaking at SEAAOOC, Santos’ Kevin Gallagher said Australia should encourage shale gas development to drive down energy prices.
A legislative move designed to shore up energy supplies will be triggered only when a shortage has been identified and will apply to export operations, Matt Canavan said.
Origin Energy said it increased its share in the undeveloped shale gas prospect to 70%, after purchasing a 35% share from Sasol Petroleum Australia Ltd. It did not disclose a purchase price.
Proposal for coast-to-coast gas pipeline mocked; shipping LNG from west to east called cheaper.