Lakes Oil is suing the Victorian Government for $2.7 billion in damages following the state’s ban on gas exploration.
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Victoria introduces legislation to ban fracking
The Victorian Government has introduced legislation to permanently ban fracking in the state.
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The gas industry needs a carbon price to compete with coal
Putting a price on carbon would benefit the Australian gas industry, at least in the short term.
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BP exits oil drilling in Great Australian Bight
BP has opted out of its exploration drilling program in the Great Australian Bight (GAB), sparking frustration from the South Australian Government.
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Internet of Things jumpstarts asset allocation in Oil & Gas Sector
For too long businesses in the resources industry have worked in operational silos; with the left hand rarely knowing what the right hand is doing, there is often no clarity from production to planning.
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New type of fire hoped to make oil spill clean-up more efficient
Scientists at the University of Maryland, have discovered a new kind of fire dubbed the “blue whirl” set to improve the clean-up of oil spills.
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New fracking alternative technology to be released
Australian based company V2H International is launching a new environmentally safe jetting technology for the oil and gas industry.
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AWE, Mitsui combine for Waitsia bid
AWE and Japanese energy giant Mitsui have joined together to bid up to $200 million for Origin Energy’s stake in Waitsia.
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Gorgon LNG to resume production
The US$54 billion Gorgon LNG project is set to recommence following the repair of mechanical problems.
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