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Australia & New Zealand News - page 20

 

BHP at Risk of Credit Rating Downgrade on Oil Business Sale

Aug 24, 2021

BHP Group is at risk of a two-notch downgrade that would provoke its lowest ever credit rating as the sale of its petroleum business raises the miner's dependence on its major business of iron ore, S&P Global said on Tuesday.BHP has agreed to…

Worley Lands Jansz-Io Compression Gig with Chevron

Aug 23, 2021

U.S. oil giant Chevron has awarded the Australian engineering firm Worley a contract for the provision of engineering and construction management services in support of Chevron’s recently sanctioned $4 billion Jansz-Io Compression (J-IC) project in Australia…

Santos Selects Altera for Dorado FPSO FEED

Aug 23, 2021

Australian oil and gas company Santos has awarded the FEED contract for the FPSO for the Dorado project offshore W. Australia to Altera Infrastructure.Located in the Bedout Sub-basin, Dorado is an oil and gas project which is planned to be developed in two phases…

Woodside Paying New Female CEO 25% Less than Predecessor

Aug 20, 2021

Woodside Petroleum is paying new CEO, Meg O'Neill, around 25% less than her predecessor, even as she embarks on sealing a deal to double the size of the Australian company to turn it into a top 10 independent oil and gas producer.Details of…

ABB to Power Chevron's Jansz-Io Compression (J-IC) Project in Australia

Aug 19, 2021

ABB has secured a contract worth around $120 million to supply the overall Electrical Power System (EPS) for Chevron's multi-billion-dollar Jansz-Io Compression (J-IC) project, offshore W. Australia.The Jansz-Io field is located around 200 kilometers offshore the north-western coast of Australia…

Opinion: BHP's Petroleum Exit Shows Oil and Gas May Follow Coal's Path to Toxic Status

Aug 19, 2021

The market hasn't exactly cheered BHP Group's proposed exit from its oil and gas business, with shares of both the mining giant and the acquirer, Woodside Petroleum, tumbling in the wake of deal.A point of concern for investors is that BHP may have sold the assets too cheaply…

BHP Agrees to Sell Oil and Gas Business to Woodside

Aug 17, 2021

BHP Group has agreed to sell its petroleum business to Woodside Petroleum in a merger to create a top 10 independent oil and gas producer worth A$38.5 billion ($28 billion) with growth assets in Australia and the Americas.BHP's exit from petroleum…

Australia: Santos Says Oil Search Buy Would Help Speed Up Pivot to Clean Fuels

Aug 17, 2021

Santos Ltd expects its planned takeover of Oil Search, creating a A$20 billion ($15 billion) company, will help the combined group weather the energy transition better than if they remained separate.The companies agreed an all-scrip deal earlier…

Woodside Confirms Talks to Buy BHP's Oil and Gas Business

Aug 16, 2021

Australian oil company Woodside confirmed Monday it has been in talks with BHP over the potential acquisition of BHP's oil and gas business.'Woodside notes recent speculation regarding a potential transaction between Woodside and BHP Petroleum…

Drumbeat Grows Louder for BHP to Ditch Oil & Gas Business

Aug 13, 2021

Expectations are growing that BHP Group Ltd will deliver a verdict on the future of its petroleum business at its results next week, as it comes under increasing pressure to cut its fossil fuel footprint.The world's biggest miner has been facing…

Chevron taps Baker Hughes for Jansz-Io Subsea Compression Manifold

Aug 10, 2021

Oilfield services firm Baker Hughes has won a contract with Chevron to deliver subsea compression manifold technology for the Jansz-Io Compression (J-IC) project offshore W. Australia.Using its Subsea Connect early engagement approach, Baker…

Siem Offshore's Anchor Handler Secures Charter Extension in Australia

Jul 29, 2021

Norwegian offshore vessel owner Siem Offshore has been awarded a six-month extension for the AHTS Siem Topaz in Australia. Siem Offshore shared the news on Wednesday, without disclosing the identity of the client.The Siem Topaz is a low emission anchor handler that is suitable for anchor handling…

Santos Sees Revenue Jump, Raises Output Forecast

Jul 22, 2021

Australia's Santos Ltd increased the lower end of its annual production outlook on Thursday and reported a 37% jump in second-quarter revenue, helped by higher prices and increased demand for natural gas.The country's second-largest independent…

Woodside Sees Shares Slide on News It Is Eyeing BHP Oil & Gas Assets

Jul 21, 2021

Shares in Woodside Petroleum fell on Wednesday after an unsourced media report said Australia's top independent gas producer was in talks to buy some or all of BHP Group's oil and gas assets, analysts and an investor said.Woodside shares ended down 2 cents in a broader market that rose 0…

Oil Search Rejects $6.5B Takeover Offer from Santos

Jul 20, 2021

Oil Search rejected an unsolicited takeover proposal from Santos Ltd that valued the Papua New Guinea-focused oil and gas producer at A$8.8 billion ($6.5 billion), the two companies said on Tuesday.Oil Search said the offer was not in the best interests of shareholders…

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