News

  • Woodside’s chairman encourages shareholder participation in 2024 AGM

    NEWS

    Woodside encourages shareholder participation in 2024 AGM

    Woodside Energy’s chairman Richard Goyder — in a letter to shareholders — has urged active participation in the upcoming 2024 Annual General Meeting (AGM) scheduled for 24 April 2024. The AGM, to be he... more

  • Woodside reports successful reserves update as a result of merger with BHP

    NEWS

    Woodside to retain Macedon and Pyrenees oil and gas assets

    Woodside Energy has decided to retain ownership of the Macedon and Pyrenees oil and gas assets located off the coast of Western Australia. The company had initially planned to sell its interests in these ass... more

  • Woodside Energy Releases 2023 Social Contribution Impact Report

    NEWS

    Woodside Energy releases 2023 Social Contribution Impact Report

    Woodside Energy has released its 2023 Social Contribution Impact Report, showcasing its commitment to supporting community development globally and investing in opportunities important to host communities. T... more

  • Uncertainty looms over Venezuela's oil industry

    NEWS

    Uncertainty looms over Venezuela’s oil industry

    Rystad Energy's Senior Vice President, Jorge León, stated that the future of Venezuela's oil industry remains uncertain as the deadline for US sanctions relief on Venezuela ends on April 18, 2024. The potentia... more

  • Woodside encourages shareholder participation in 2024 AGM
    16 Apr, 2024
  • Woodside to retain Macedon and Pyrenees oil and gas assets
    12 Apr, 2024
  • Woodside Energy releases 2023 Social Contribution Impact Report
    10 Apr, 2024
  • Uncertainty looms over Venezuela’s oil industry
    10 Apr, 2024
Australian gas industry continues to deliver for domestic market

Australian gas industry continues to deliver for domestic market

10 Apr, 2024
The Australian Competition and Consumer Commission (ACCC) has confirmed that Australia’s gas industry remains committed to supplying the domestic market. However, its Gas Inquiry March 2024 Interim Report has once again highlighted that southern states are relying on gas from the north to meet their energy needs. According to the report, the gas industry played a crucial role in providing reliable and affordable energy to Australian homes and businesses. The report, which examined the third quarter of 2024, estimated that east coast supplies would be in surplus by 6 petajoules (PJ). Despite this surplus, New South Wales and Victoria, which…
Mitsui & Co. to commence new CCS project in Malaysia

Mitsui & Co. to commence new CCS project in Malaysia

08 Apr, 2024
Mitsui & Co., Ltd. has announced the signing of memorandums of understanding (MOUs) with Mitsubishi UBE Cement Corporation (MUCC) and Resonac Corporation for joint studies aimed at establishing a carbon capture and storage (CCS) value chain. The project includes the capture, transportation, and storage of CO2 at an offshore site in Malaysia, developed jointly with Malaysia's state-owned oil company and a global multi-energy company. Under the MOUs, MUCC and Resonac will conduct studies on the separation, capture, liquefaction, and temporary storage of CO2 emitted at MUCC's Ube Cement Plant and Resonac's Oita Complex. Mitsui will study the transportation and storage…
supply

WA’s domestic gas market in flux as supply sources mature

28 Mar, 2024
With gas demand slowly outstripping supply, Western Australia’s once well-supplied domestic gas market is now tight, and further volatility is expected until new volumes come online later in the decade, according to a new report from Wood Mackenzie. The Western Australia’s Domestic Gas Supply / Demand Balance 2024 report shows that gas and renewables will replace coal-fired generation in Western Australia during the 2030s. This shift is likely to raise the state’s demand for gas by approximately 10 per cent. “The region’s largest customers for gas are the mining and mineral processing industries, and they are on a decarbonisation journey.…
export earnings

Latest data shows Australia’s LNG export earnings will decline

28 Mar, 2024
According to the latest Resources and Energy Quarterly, Australian resource and energy export earnings are forecast to be $417 billion in 2023–24, down from a record $466 billion in 2022–23 following a spike in energy prices. Australia’s LNG export revenues are expected to decline from $72 billion in 2023-24 to $65 billion in 2024-25, and then settle at $50-55 billion in the period from 2025-26 to 2028-29. Lower prices will drive the falls. Export volumes are expected to hold close to 80 Mt annually during this period but may decrease in the latter years as producing reserves start to deplete.…
Mikael Karlsson joins Equinor ASA Board of Directors

Mikael Karlsson joins Equinor ASA Board of Directors

27 Mar, 2024
Mikael Karlsson has been elected as a new member of the board of directors of Equinor ASA — a major Norwegian energy company. The election took place during a meeting in the corporate assembly of Equinor ASA on 20 March 2024. Karlsson, a partner and Vice Chairman of Actis Capital, a leading global investment firm, brings a wealth of experience to Equinor's board. He served as Chief Investment Officer at Actis from 2021 to 2023, and before that, he held the role of Head of Energy and Infrastructure at the firm from 2015 to 2021. Before joining Actis, Karlsson served…
Blockchain to revolutionise operations in the oil and gas sector

Blockchain to revolutionise operations in the oil and gas sector

26 Mar, 2024
Blockchain technology is gaining traction in the oil and gas sector — offering innovative solutions for service contracts, pricing reviews, and transaction life cycle support. It has the potential to reduce costs and improve process efficiencies. According to GlobalData Blockchain in Oil and Gas report, blockchain offers enhanced transparency, compliance, and data security in the industry. Major companies like ADNOC, BP, Eni, Equinor, Repsol, and Shell are actively developing blockchain to address industry challenges. GlobalData Oil and Gas Analyst Ravindra Puranik noted that blockchain has evolved beyond supply chain optimisation to support transaction processing with smart contracts. Consortiums have played a…
Cracking the code on talent: strategies for today's job market

Cracking the code on talent: strategies for today’s job market

22 Mar, 2024
In today’s fiercely competitive job market, the demand for top talent across various industries poses a significant challenge.  Many sectors like mining, construction and IT, are subject to an ageing workforce and there is an urgent need for more young talent to fill these vacant positions. Professions that need specific skill sets, such as software development and engineering, are difficult to occupy, particularly among recent university graduates. Despite the ongoing global demand for minerals, unfavourable perceptions of related industries have dampened enthusiasm for pursuing careers in this field. Furthermore, industries that require physical labour have also experienced a decline in…