Tag: Australia

Apache Corp. is exiting Australia with a $2.1 billion asset sale

The assets produced the equivalent of about 49,000 barrels of oil a day in March.  More »

Shell sets $70 billion deal to buy BG Group

Shell said that bringing the two companies together would produce financial gains of about $2.5 billion a year.  More »

Chevron seeks over $3.6 billion for Caltex Australia stake

The deal is the largest block trade ever in Australia, exceeding Royal Dutch Shell Plc’s sale of Woodside Petroleum Ltd. shares in 2010 for about A$3.3 billion.  More »

Goldman sees LNG as biggest commodity after crude this year

The U.S. will supply more LNG in the next several years, giving Asia, the biggest consuming region, more bargaining power, the analysts said.  More »

BHP Billiton’s profits have fallen by almost half

BHP Billiton, the Australian energy giant with a major presence in Texas, reported that its profits were down 47 percent  More »

Global oil layoffs exceed 100,000

While much of the focus on layoffs has centered on the U.S., where the shale fields that created the glut have seen the steepest cutbacks, workers in oil-related businesses across the globe are suffering, too  More »

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 »

EPA raises environmental concerns about Corpus Christi LNG

The Environmental Protection Agency said it still has concerns about the impacts Corpus Christi LNG will have on minority neighborhoods and greenhouse gas emissions.  More »

Putin says Russia preparing for “catastrophic” oil slump

Russia is struggling under the weight of a plummeting ruble and sanctions imposed over the conflict in Ukraine.  More »

Former Petrohawk president takes shale expertise to Australia

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

Energy traders’ obsession with winter begin

In a week, another season will start, one that will move markets and dent wallets: the U.S. heating season.  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 »

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 »
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