Profit at Beach Energy has jumped 66 per cent thanks to soaring oil and gas prices, despite the company’s half-year oil and gas production rates falling 15 per cent.
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Beach output falls to four-year low
Beach Energy has reported its lowest quarterly production in nearly four years as the energy company’s shares fell nearly 8 per cent.
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Beach Energy on high despite Western Flank troubles
Beach Energy managing director Matt Kay has described the 2021 financial year as challenging for the company’s Western Flank, but it remains in a strong position as it delivers on its gas growth
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Beach Energy increases gas production across its production hubs
Beach Energy managing director and chief executive officer Matt Kay said the company has made positive progress towards delivering its multi-basin growth strategy, with focus on increasing gas production
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Chinese gas demand slump to hit LNG exports
The firm is forecasting a surplus of approximately 18 Bcm of LNG contracted to China across 2015-17.
While the Chinese gas market looked set to continue its pace of growth 12 months ago, with an average
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Gas export boom shakes market
ANZ Bank’s report ‘Australia’s Gas Industry:When Markets Collide’ estimated that LNG exports would overtake iron ore as the country’s key economic driver, tripling over the
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