Tag: Australia

Woodside misses deadline on Israeli gas deal as talks continue

Woodside Petroleum, Australia’s second-largest oil producer, missed its target for completing a deal to buy a stake in a natural gas project in Israel, 15 months after signing an initial accord.  More »

Shell sells Australian assets for $2.6 billion

Vitol Group agreed to pay about $2.6 billion for Royal Dutch Shell Plc’s Australian refinery and filling stations as Europe’s largest oil company accelerates asset sales.  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 »

Analyst predicts world’s next shale boom — and it’s not China

While companies have eyed shale development in China, lured by the prospect of huge reserves and easy financing, the world’s next major shale boom is likely to come from another country, according to a new analysis.  More »

Chevron oil production falls, refining improves

Chevron Corp. said its oil and gas production fell in the first two months of the fourth quarter because of planned maintenance and other downtime at facilities in the Gulf of Mexico, Australia and Angola.  More »

Shell completes world’s largest floating facility (video)

Royal Dutch Shell PLC says it has completed building the hull of the world’s largest floating facility, which has been constructed to process natural gas off the coast of western Australia.  More »

Chevron expects weak second quarter as production drops

Chevron expects a weaker second quarter performance, driven by lower oil prices and lower international oil production for the second quarter, a result of maintenance and turnaround activity, the company said in an interim update issued Thursday morning.  More »

Small oil company’s shareholder fight has international reach

Two investor groups claim that Buccaneer has lost its way, beset by delays and cost overruns as it pursued an ambitious drilling program in Alaska’s Cook Inlet and on the Kenai Peninsula. Buccaneer Energy founder Curtis Burton is fighting to stay on the board.  More »

As U.S. production soars, oil companies eye far horizons

Even as much attention focuses on the Gulf of Mexico and U.S. onshore production from shale plays, new frontiers for exploration are taking drillers, engineers, geologists and services firms to Brazil, the Arctic, Africa, Australia and parts of the Middle East and Asia.  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 »

Oil CEO: Humans are involved with climate change

The leader of one of the world’s largest energy companies said this week that humans are accelerating climate change and the global community should take action to address the problem.  More »

Megaprojects change countries, but breed trouble

There is a growing number of oil megaprojects in the world that are so huge that they transform national economies and educational systems. But their size and complexity has led to costly problems.  More »
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