Australia

Papua New Guinea's (PNG) Prime Minister Sir Michael Somare has announced that the country will pay around PGK3bn (US$1.2bn) in cash for a 19.4% stake in the PNG liquefied natural... 2008-10-02

Asia's biggest oil refiner China Petroleum & Chemical Corporation (Sinopec) and Australian group AED Oil have struck oil with the Puffin-11 exploration well at the Puffin oil... 2008-09-29

Japan's Inpex has decided to build its Ichthys liquefied natural gas (LNG) project near Darwin in Australia's Northern Territory.

US major Chevron has proposed plans to expand the production capacity of its planned Wheatstone liquefied natural gas (LNG) plant in Western Australia to 25mn tonnes per annum (tpa)... 2008-09-24

Australia's growing liquefied natural gas (LNG) industry has urged the government to create a new category for the sector that will offer LNG exporters compensation during the first... 2008-09-16

Anglo-Dutch major Royal Dutch Shell and Australian coal bed methane (CBM) explorer Arrow Energy have confirmed an AUD776mn (US$741mn) deal that will see Shell take a 30% stake in... 2008-09-12

Britain's BG Group could launch a bid for Australian oil and gas producer Santos, according to a report in Reuters. Fresh from conceding defeat in its protracted attempt at a hostile... 2008-09-10