Marubeni

Oil Search reshuffle to build company strength

Oil Search has completed a review of the company and its cost structure, positioning it to operate safely, cost efficiently and to progress its opportunities in Papua New Guinea (PNG).
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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

BHP awards Trion engineering contractors

BHP has awarded Altera infrastructure Teekay Shipping Norway AS, BW offshore BW offshore Singapore, and SBM offshore Single Buoy Moorings a contract to deliver an early engineering study for a floating and offloading unit (FSO) at the Trion project offshore Mexico.
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Chevron puts North West Shelf stake up for sale

Chevron Australia is willing to offload its non-operating 16.67 per cent interest in the North West Shelf project in Western Australia after confirming it has received a number of unsolicited approaches from buyers. Read More