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  • Woodside Petroleum's Production Affected by Maintenance
    News - 25 Jul 2010
    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...
  • Chevron Signs Korean LNG Deal for Wheatstone Project
    News - 20 Jul 2010
    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. The Korea Gas Corporation (KOGAS)...
  • BP Looks to Middle East for Funds
    News - 7 Jul 2010
    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...
  • BP Seeks Financial Help from Deepwater Horizon Partners
    News - 5 Jul 2010
    As the economic burden of the cleanup effort in the Gulf of Mexico grows exponentially BP is now seeking financial help from other partners related to the disaster. The well was owned 25 % by...
  • Oil Price Slides on Economic Growth Concerns in U.S. and China
    News - 4 Jul 2010
    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...
  • Out With RSPT and in With Minerals Resources Rent Tax
    News - 4 Jul 2010
    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...
  • AGL Makes $123 million Bid for Mosaic Oil
    News - 1 Jul 2010
    AGL Energy Ltd is hoping to purchase Mosaic Oil NL. AGL is Australia’s largest energy retailer and it has offered an AUD $123 million conditional cash bid to the local junior Mosaic Oil Ltd. The...
  • Gulf Drilling Ban Over Turned
    News - 23 Jun 2010
    With the Gulf of Mexico dominating U.S. news, now a federal court judge has overturned the ban on drilling imposed by President Obama after the oil spill. The explosion which triggered a massive oil...
  • Strike Action Creating Problems for Woodside Petroleum
    News - 23 Jun 2010
    Woodside Petroleum Ltd. sent a statement to the Australian Securities Exchange warning about delays and rising costs at its Pluto LNG project. The Oil and Gas producer is facing rising construction...
  • China Inks Seven New Australian Mining Deals
    News - 21 Jun 2010
    Australian Prime Minster Kevin Rudd is seeing the new agreements signed with China in Canberra yesterday as a way at getting back at those criticizing the RSPT. Of the 10 agreements signed 7 are...

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