Posted July 22, 2016 11:09:57 Photo: Santos’ giant LNG plant on Curtis Island has boosted its gas output. (Supplied: Santos) Record first half production from oil and gas producer Santos has eased the pain of a 29 per cent slide in realised prices. Santos produced 31.1 million barrels of oil equivalent (mmboe) in the first
Updated July 21, 2016 16:19:30 The PNG focussed oil and gas exploration firm Oil Search has announced it won’t be making a counter offer to acquire Interoil in PNG. The announcement comes after Exxon Mobil launched a $US3 billion US dollar bid for Interoil, as it seeks to take control of the country’s second LNG
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Updated July 21, 2016 17:35:24 Photo: Australian LNG exporters are struggling after the commodity’s price collapsed. Related Story: Woodside hit by lower prices and sales Related Story: Oil Search yields to ExxonMobil over InterOil, will not make counter bid Australia’s largest ever investment boom of $200 billion into Liquid Natural Gas (LNG) during the past
Posted July 21, 2016 10:54:42 Photo: CEO Peter Coleman says Woodside is doing well given the low oil price environment. (ABC News) Tumbling LNG prices and lower sales have taken their toll on Woodside Petroleum’s second quarter revenue stream. Revenue for the three months to June came in at $825 million, a 16 per cent
Updated July 21, 2016 13:22:52 Papua New Guinea-focused oil and gas producer Oil Search said it will not submit a revised takeover offer for InterOil, after ExxonMobil made a superior bid earlier this week. The proposal from ExxonMobil comprises a fixed price of $US45 per InterOil share, paid in ExxonMobil shares, and a contingent resource
Safe Work Australia is promoting farm safety this week to help improve the health and safety of workers on farms. In 2013-14, 36 workers were killed and 2565 workers were compensated for serious injuries and diseases in the agriculture industry. While these rates have been declining, improvements can still be made to reduce the number
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