Australian oil output has slumped to the lowest numbers by the barrel since 1970.
The Maritime Union of Australia says it is seeking a pay rise of 22 per cent over four years for those working in support roles for the offshore oil and gas industry.
Sandvik will acquire drilling consumables company Varel International Energy Services.
Downer EDI has won a $400 million contract with Bechtel for two electrical and instrumentation packages at the Wheatstone project.
With the election done and dusted, and the Coalition handed victory, the mining, gas and oil industry lobbyists are getting ready to visit Canberra to talk about implementing changes to the industry.
WA Premier Colin Barnett has expressed disappointment on Sunday over Canberra’s decision to clear the way for Woodside Petroleum’s floating LNG processing plan.