Woodside Petroleum's production is being affected by the cost of maintenance related closures and asset sales. The oil and gas company has recorded a drop in its second quarter production levels by 10% compared to the previous year.
Santos (ASX:STO) has secured loans worth $2 billion from nine banks for its liquefied natural gas (LNG) plants in central Queensland and Papua New Guinea. The construction of the Gladstone project in Australia and the new one in Papua New Guinea are expected to benefit from the loan.
Chevron has signed a deal to supply liquefied natural gas (LNG) to a Korean Gas company from its Wheatstone project off the Pilbara in Australia's North West.
Concerns over blasting to build a ship channel are growing amongst environmentalists regarding the LNG plant that Inpex will build in Darwin Harbour. The company needs to blast away rock to make a new shipping channel for its gas plant.
The Australian Environment Minister Peter Garrett is not the Queensland's mining communities' most favorite person right now. Billions of dollars worth of Coal Seam Gas projects in Queensland are on hold for three months so that Mr. Garrett can study the impact of these projects on the environment.
Change is coming to Williamsport Pennsylvania in the form of Marcellus Shale. The multi billion dollar bounty of natural gas which lies below the ground is going to make sure of that.
Tony Hayward of CEO of BP is now trying to marshal new funds from the middle east. He is looking to the Gulf as a way to help pay for the cleanup operation of what is being called the worst oil spill in the history of th...
Chevron has discovered a new gas well in the Carnarvon Basin which will help its proposed expansion of the Wheatstone project.
With both China and the U.S. slowing down economically the price of oil has been sliding on a slippery path. As the two largest energy consuming countries curbed their demand for oil most people are not surprised at the ...
In a major breakthrough for the Australian government, Prime Minister Julia Gillard managed to reach an agreement with the mining industry. The 40% tax proposed by Mr. Kevin Rudd on all resources has been modified to a 3...