Analysts said it made sense for Chevron to sell its North West Shelf LNG stake now, after it failed to seal a deal to supply gas to the plant from its undeveloped Clio and Acme fields.
The recommendation, following a three-year review, was handed over June 12 to the state’s Independent Planning Commission, which now has 12 weeks to determine whether the A$3.6 billion ($2.5 billion) project should go ahead.
Here’s a snapshot of recent energy deals including the closing of Apergy’s multibillion-dollar merger with Ecolab’s upstream business to form ChampionX.
Here’s a snapshot of recent energy deals including the closing of the sale of ConocoPhillips’ Northern Australia business for nearly $1.4 billion.
ConocoPhillips had previously announced the sale of its Australia-West assets and operations to partner Santos in October 2019.
Weatherford International Plc has been named Contractor of the Year by Santos, one of the leading independent oil and gas producers in the Asia-Pacific region, on May 19.
A Niobrara Shale discovery in the Powder River Basin by EOG Resources plus high-volume Haynesville completions in Louisiana’s Red River Parish top this week’s drilling activity highlights from around the world.
Wood and NERA (National Energy Resources Australia) have formed a partnership on May 5 to develop and deliver a solution for the inspection of critical industrial equipment, particularly for subsea oil and gas infrastructure.
10-year deal will allow Australia to stockpile crude and eventually increase storage in the country.
TechnipFMC will design, manufacture, deliver and install subsea equipment including subsea production system, flexible flowlines and umbilicals for connection to the Angel platform.