Sundance Energy Australia Ltd., an explorer that entered the Eagle Ford shale formation of Texas this year with the purchase of Texon Petroleum Ltd., said it will look to make further U.S. oil and gas acquisitions.
Myanmar’s opening to foreign investment has been compared to the fall of the Berlin Wall and the start of an economic growth story to emulate Vietnam. How those views pan out will be largely decided by natural gas.
Penn West Petroleum Ltd., the third- worst performing Canadian oil and gas producer in the past year, said Murray Nunns will step down as chief executive officer as the company cuts costs and considers asset sales.
dispute with Aust govt over Sunrise gas field royalities in arbitration, Finance Minister Emilia Pires *East Timor’s petroleum fund has grown to about $13 billion *The country has lots of opportunities to invest the fund money in global stocks, including emerging markets *NOTE: East Timor’s allegations that Australia engaged in espionage during 2004 talks on a treaty for the Sunrise natural gas field may lead to further delays for the proposed Sunrise LNG project, Woodside CEO Coleman said May 28.
Santos Ltd., Australia’s third- biggest oil producer, expects to reach agreement with BG Group Plc to connect their pipelines, bolstering the supply of gas for its $18.5 billion Gladstone project in Queensland state.
Surging costs in Australia, set to become the world’s largest liquefied natural gas exporter by 2018, are stoking a drive by Woodside Petroleum Ltd., the nation’s second-biggest oil and gas producer, to expand overseas.
BG Group Plc, the U.K.’s third- largest natural-gas producer, said it needs to carry out as many as three years of exploration to justify an expansion of its $20.4 billion liquefied natural gas project in Australia.
Chevron Corp., the second-largest U.S. oil company, said it’s in talks with customers to sell more liquefied natural gas from its Gorgon project in Australia and to boost the amount sold under long-term contracts.