Category: Australia

BHP plans asset split, posts $13.8 billion profit

“Our operational performance continued to improve,” said CEO Andrew Mackenzie.  More »

Apache announces new offshore Australia discovery

HOUSTON — Houston-based Apache Corp. announced Monday that it made its first offshore oil discovery in Australia’s Canning Basin, located off the west coast of the country. Officials with the company say their measurements indicate that, optimistically, there could be as much as 300 million barrels of oil in place at the basin. The company […]  More »

Shell to sell stake in Australia’s Woodside for $5 billion

Shell flagged last year that it would eventually sell its 23 percent holding in Australia’s second-largest oil and gas producer because it was no longer strategic.  More »

Texas down under? Australian officials make their pitch

Australian officials are pitching a potential shale gas boom in their country as an investment opportunity for American firms looking to profit from expertise they’ve developed in recent years here at home.  More »

More megaprojects mean growing delays

As the oil and gas industry build a growing number of multi-billion dollar “megaprojects” each year, they face another trend: a growing number of delays.  More »

Energy CEO: Climate change is real, driven by humans

BHP Billiton CEO Andrew Maxkenzie, who leads the world’s largest mining company, said that climate change is real and driven by human activity during remarks Tuesday at the annual CERAWeek conference in Houston.  More »

Shell sells stake in massive Australian gas project

Shell says it has agreed to sell its stakes in an Australian liquefied natural gas project to the Kuwaiti Foreign Petroleum Exploration Company for $1.1 billion.  More »

Proposed directors for Buccaneer Energy speak out

Three proposed new directors for Buccaneer Energy told shareholders Thursday they are independent of investor groups pushing for a new board, and reminded shareholders they can still vote or change votes before a Tuesday deadline.  More »

InterOil in talks with Exxon on developing natural gas fields

InterOil Corp., the Australian energy company with licenses to explore about 3.9 million acres, said it entered exclusive talks with Exxon Mobil Corp. to develop natural gas fields in Papua New Guinea.  More »

BP plans to start drilling program off Australia in 2015-2016

BP Plc (BP/), Europe’s second-largest oil company, expects to start its proposed deep-water drilling campaign off southern Australia in late 2015 or early 2016 and to obtain a drilling rig before the end of this year.  More »

Shell in talks to cooperate with Arrow LNG rivals in Australia

Royal Dutch Shell Plc (RDSA), Europe’s biggest oil company, said its Arrow Energy Ltd. venture in Australia is in cooperation talks with competitors building liquefied natural gas projects in Queensland state.  More »

Flatt out environmental comments on the last few months of the greenhouse gas regulatory world

It has been a while since my last blog post. In the climate change legal world, most of what has happened in the past few months has been of the utilitarian, and not the showy variety. California continues to implement its Global Warming Solutions Act (A.B. 32) and has already held two auctions of the […]  More »
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