Prime Creative Media surveys business leaders across 15 industries on effects of COVID restrictions and prospects for recovery 

From May 28 to June 5 2020, Prime Creative Media surveyed more than 2200 business leaders across 15 industries, to capture sentiment as the country began to lift COVID-19 restrictions. The results paint a relatively positive picture of an industrial landscape experiencing its first recession in almost three decades. Just two-thirds of respondents reported a downturn in business, with almost 10% noting an increase in business. Almost half of all businesses said that they were still looking to invest, a strong sign about the future of Australian industrial sectors. Respondents were also generally supportive of the Federal Government’s response, with three quarters saying it was either strong or acceptable. Read More

Wärtsilä to operate Oil Search PNG gas power plant

NiuPower is an entity jointly owned by Oil Search and PNG’s national oil company Kumul Petroleum to focus on domestic power production. Under the deal, which will run for up to five years, Wärtsilä
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Gasco acquires Grimwood Heating

“The addition of electric heaters to Gasco Heat Transfer products provides Gasco with the most comprehensive range of heaters in Australia,”? said Gasco Managing Director and Chief Executive
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Chevron signs Wheatstone domestic gas agreement

Under the agreement, Chevron will supply Alinta Energy with 20 PJ/a of its equity domestic gas for seven years starting in 2020. Chevron Australia managing director Roy Krzywosinski said Wheatstone is
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Waitsia reserves boost for AWE

The major upgrade of 2P Reserves and updated 2C Contingent Resource estimates follows an extensive evaluation of new core data acquired in 2015 from the Waitsia-1 and Waitsia-2 wells and further analysis
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New era for domestic gas marketing in WA

Last month, Synergy and Woodside reached an agreement for a spot gas purchasing contract, which provides flexibility between the parties. WA State Development Minister Bill Marmion said it was the first
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Strike signs gas supply deal

The Indicative Commercial Term Sheets cover the supply of gas from 2017, initially on an interruptible basis from the Strike Demonstration facility, with the potential to convert to firm gas supply as
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Cooper buys Santos’ Victorian gas assets

The sale results in Santos exiting from offshore Victoria. “This sale is in line with our stated objective to rationalise and shape our asset portfolio in order to become a low cost, reliable and
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Armour signs GSA with APLNG

The agreement will provide Armour with strong cash flow certainty over the early years of its transition to a production company, with contracted gas volumes of up to 3.65PJ/a. “We are pleased to
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