Australia & New Zealand News - page 6


Woodside's Stalled Browse LNG Project Still 'Very attractive' - CEO

Apr 21, 2023

Woodside Energy Group Ltd's CEO played down concerns over the status of its long-delayed Browse liquefied natural gas (LNG) project on Friday after the company reported a decline in first-quarter sales revenue relative to the December quarter…

SSE and Equis Form Joint Venture for Offshore Wind Project in Australia

Apr 04, 2023

UK-based offshore wind developer SSE Renewables and Asia Pacific-focused renewable energy developer Equis have formed a joint venture to bid for a feasibility license to develop, construct, own, and operate an offshore wind farm project in Australia…

Banks Urged to Withdraw $1B Loan for Santos' Barossa Offshore Gas Project

Apr 04, 2023

A group of Australian Indigenous people has lodged human rights grievances with 12 Australian and international banks urging them to withdraw a $1 billion loan to Santos Ltd for its Barossa offshore gas project. Environmental and Indigenous groups have been campaigning for years against the $3…

Shell Australia Names New Chair

Mar 30, 2023

Cecile Wake will succeed Tony Nunan as Chair of Shell Australia effective May 22, 2023, Shell Australia said Thursday. Nunan, who led the Australian business for the past three years, will take up the newly created role of Chief of Staff and Corporate Relations…

Australia Passes Tougher Emissions Reduction Law that Hits Gas Investments

Mar 30, 2023

New rules that cap total Australian greenhouse gas emissions and curb some new gas and coal investments in the country will come into effect on 1 July after parliament passed an upgraded emissions reduction plan on Thursday.The 'Safeguard Mechanism'…

Australia: ConocoPhillips Becomes Operator of VIC/P79 Offshore Block. Drilling to Start in 2024/2025

Mar 16, 2023

ASX-listed oil and gas company 3D Oil has completed the farmout of 80% interest and operatorship of VIC/P79 offshore block in Australia to ConocoPhillips, after the approval of the transfer of title documentation by the National Offshore Petroleum Titles Authority ('NOPTA')…

Activist Investors Seek Action Against Santos' Growth Plans, Management Pay

Mar 09, 2023

Activist shareholders opposed Australian oil and gas explorer Santos' growth strategy on Thursday, saying executive incentives are driving up investments in upstream growth projects, potentially raising carbon emissions and reducing shareholder value…

Alex Doering Promoted to CFO at Carnarvon Energy

Mar 03, 2023

The Australian oil company Carnarvon Energy has named Alex Doering its Chief Financial Officer (CFO), effective June 1, 2023.Doering is the current Financial Controller at Carnarvon and Joint Company Secretary, and has been with the company…

Severe Weather Delays Jadestone Energy's Montara Field Restart Plans

Feb 28, 2023

Asia Pacific-focused oil and gas company Jadestone said Monday it wouldn't meet its previously planned end-of-month production restart from the Montara field, off western Australia, as bad weather was hampering topside maintenance work on the Montara Venture FPSO…

Woodside Hikes Dividend after Record Profit, Shares up

Feb 27, 2023

Woodside Energy lifted its final dividend on Monday after reporting a more than tripling of profit on a beefed-up oil and gas portfolio following its merger with BHP's petroleum arm and surging oil and gas prices, sending its shares over 2% higher…

Australia Steps Up Its Renewable Energy Game with Proposed Offshore Wind Zone

Feb 24, 2023

The federal government of Australia has opened a consultation on a new offshore wind zone in the Pacific Ocean off the Hunter, a region of New South Wales, Australia.The government said that the proposed offshore wind area, which sits alongside the Hunter…

Taiwan's CPC to Acquire Stake in Australia's Dorado Oil Field via Deal with Carnarvon Energy

Feb 22, 2023

The Australian offshore oil and gas company Carnarvon Energy said Wednesday that it would sell a 10% interest in each of its Bedout Basin offshore blocks, including in the Dorado offshore oil field, off Western Australia, to a subsidiary of Taiwan’s national oil and gas company…

Australia: Court Quashes Ex-PM's Decision to Block Offshore Gas Project

Feb 16, 2023

An Australian court on Tuesday overturned a controversial decision by the previous prime minister to block a gas exploration project off the country's east coast, opening the door for the project to be reconsidered.The Federal Court quashed…

Australian Regulator Accepts Santos' Offshore Project Proposal for Dorado

Feb 14, 2023

The Australian offshore oil and gas safety regulator NOPSEMA has accepted Santos' Offshore Project Proposal (OPP) relating to the Dorado project, one of the largest ever oil discoveries in Australia’s North Western Shelf.'Acceptance of the OPP…

Output to Ramp Up at Santos' John Brookes Offshore Platform after Outage

Feb 09, 2023

Australia's Santos Ltd said on Thursday that gas production from its John Brookes platform in Western Australia has resumed, following an over two-month long outage, with operations expected to ramp up to full rates in the coming days.Around late November last year…

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