A convertible debt deal struck during the 2008 financial crisis led by billionaire Sheikh Mansour bin Zayed Al Nahyan of Abu Dhabi is set to trigger a contest for a slice of a $19 billion natural gas project.
BHP Billiton Ltd.’s former oil and gas head J. Michael Yeager expects more industry mergers and acquisitions in the U.S. as onshore developers seek to sell assets they can’t develop and boost their technical skills.
Australia & New Zealand Banking Group Ltd. Chief Executive Officer Michael Smith said he expects the Australian dollar to maintain its strength as long as the U.S. Federal Reserve keeps up its bond-buying program.
Australia & New Zealand Banking Group Ltd. Chief Executive Officer Michael Smith said he expects the Aussie dollar to maintain its strength as long as the U.S. Federal Reserve keeps up monthly asset purchases.
Chevron Corp., operator of the A$52 billion ($49 billion) Gorgon natural gas venture in Australia, said some “uncertainties” remain in the construction of the project after its budget last year jumped 21 percent.
Australia risks falling behind the U.S., China and other nations in cutting carbon emissions unless it raises its target for a 5 percent reduction by 2020, the government’s climate change adviser said.