Category: Australia

Apache will sell LNG stakes in Australia, Canada for $2.75 billon

Apache Corp. will sell its stakes in liquefied natural gas projects in Australia and Canada for $2.75 billion, marking one of its most significant steps yet toward paring back its portfolio to focus on North American activity.  More »

Former Petrohawk president takes shale expertise to Australia

Australia has the world’s seventh-largest shale gas resources.  More »

BHP Billiton, Pemex sign agreement to share deepwater knowledge

Australian oil and mining giant BHP Billiton and Pemex, Mexico’s national oil company, have signed a deal to share knowledge of deepwater operations, BHP Billiton announced.  More »

BHP Billiton to cut petroleum capital spending by $279 million

BHP Billiton, the Australian mining and oil giant, will cut capital spending in its petroleum division by $279 million in 2015, the company announced in its annual report Thursday.  More »

Q&A: Accenture’s shale expert Melissa Stark on unconventional plays worldwide

Melissa Stark, managing director of Accenture’s New Energy Business, is the consulting firm’s expert on shale development. The firm recently published an update on the outlook for unconventional plays in nine countries. Stark, who’s worked in the United Kingdom for 20 years, spoke with the Chronicle recently about what’s on the horizon for shale and tight oil and gas worldwide.  More »

Nine countries that could hold the next Eagle Ford

The U.S. economy has enjoyed an energy renaissance thanks to technology like fracking and horizontal drilling that unlocked previously inaccessible geological formations. Some of that same technology is now poised to be used around the world.  More »

Cost overruns, delays may hinder future Australian LNG projects

New liquefied natural gas plants under construction in Australia have been plagued by widely reported cost overruns and delays, raising questions about whether the country will be able to continue to expand its liquefied gas capacity after 2018, according to a new report.  More »

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 »
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