Australia should be the world's biggest exporter of liquefied natural gas by the end of the decade, says the vice president of the world's biggest petroleum company.
Environmentalists are angry and commercial fishermen fearful after the federal government revealed plans for expanding oil and gas exploration in Australian waters.
Federal Resources Minister Martin Ferguson announced 27 locations that will be opened to offshore petroleum exploration.
Industry veteran Richard Cottee has taken up the reins as chief executive at conflict-ridden Central Petroleum, saying it's the company's massive exploration acreage that appeals to him.
The cost of a police operation to protect the interests of Woodside Petroleum against anti-gas hub protesters near Broome is expected to exceed six figures.
US-based subsea technology group FMC Technologies has signed an agreement to supply offshore loading systems for Shell’s $12 billion Prelude floating liquefied natural gas development.
ASX and Toronto-listed Aurora Oil and Gas has beefed up its holding in the highly-prospective Sugarloaf shale gas field in the United States, snapping up a 6 per cent stake for $US95 million ($95.3 million).
Woodside Petroleum chief executive Peter Coleman has taken the first tangible step towards his strategy of diversifying beyond the company’s big growth projects in Western Australia.
More than 100 police officers have converged on James Price Point north of Broome to escort a convoy of equipment past protesters to a proposed gas hub development site.
The federal government has opened up 27 new offshore petroleum acreages across nine basins in Commonwealth waters off five states, including 13 new areas off the coast of Western Australia.
Australia has identified gas reserves that could keep up the rate of current production for nearly two centuries, Resources Minister Martin Ferguson says.
Australia's offshore petroleum industry is to have its safety benchmarks strengthened.
A major energy conference in Adelaide has heard that a sub-sea first response toolkit to deal with potential spills will be developed because Australia is off-pace when it comes to safety benchmarks.
Oil and gas companies operating in Australian waters tend to fail to recognise at a corporate level the occupational health and safety risks posed by ageing facilities, a report says.
The federal government has granted some of the world’s largest oil and gas players, including Woodside Petroleum and BHP Billiton, the right to drill new permits off the coasts of Western Australia and Victoria, stimulating more than $300 million in exploration over the next three years.
Premier Colin Barnett should leave the proponents of the $30 billion-plus Browse gas hub to make their own decisions and stop upsetting investors, the Labor opposition says.
FOR THE RECORD DOWNLOADS
