It is a strange time for the oil and gas sector. On the one hand, after years of price weakness, the money is rolling in again as the war in Ukraine and post-Covid disruptions keep prices high.
AGL Energy is leading a consortium, that includes Japanese pair Inpex and Osaka Gas, as well as South Korea’s SK Group, in a detailed feasibility study to build a massive green hydrogen export hub at Torrens Island, South Australia.
The vice president of Shell New Energies has announced he will step down from his role to be replaced by the firm's global vice president of strategy.
Santos has struck a deal with AGL Energy for the purchase of 254 petajoules of gas for supply to its GLNG project. The company said the gas will be deliverd at Wallumbilla over a period of 11 years commencing in January 2017, with pricing based on an oil-linked formula. The gas will be sourced from coal seam gas fields in Queensland.