It has been seven years since the Deepwater Horizon explosion that killed 11 people and created what is regarded as the worst oil spill in United States history. A seminar series investigating the aftermath was recently held in Sydney, exploring the human and organisational factors that led to the disaster.
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Coates to depart as Santos chairman
Santos chairman Peter Coates has announced his intention to step down from his role at the Australian oil and gas company in the coming months.
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Origin, ENGIE partner to lift gas supply in SA
Origin Energy has signed two agreements with ENGIE that are set to increase gas supply and energy security in South Australia.
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OPEC countries adhere to production cuts
The 10 Organisation of the Petroleum Exporting Countries (OPEC) members are getting closer to reaching their production reduction goals, dropping output in January to an average of 32.03 million barrels per day.
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BHP Billiton uses higher commodity prices, productivity push to increase profit
BHP Billiton has delivered a significant rise in profit during the first half of the 2017 financial year, helped by a resurgence in commodity prices and a company push to lift productivity.
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ASX companies splash more cash on exploration
Australian-listed companies are spending more on exploration, according to the latest research from BDO.
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BHP secures Gulf of Mexico deal with Pemex
BHP Billiton has won a bid to acquire a majority share in the deep-water Trion oil field project in the Gulf of Mexico.
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BP commits to Mad Dog project as BHP considers decision
BP is moving forward with the US-based Mad Dog oil project, which includes BHP Billiton as a key partner, at a considerably lower development cost.
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Oil prices soar on OPEC plan to lower production
Global oil prices surged significantly overnight after OPEC took the surprising move to cut production from January next year.
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APPEA backs ‘timely’ petroleum tax review
The industry body has expressed support for the Australian Government’s decision to review the petroleum tax system in the country.
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The oil market is bigger than all metal markets combined
Ever since the invention of the internal combustion engine, oil has been one of the most crucial commodities on Earth.
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Oil setting up a comeback
Oil prices have crept up higher after with recent figures showing hefty draws in diesel and petrol, offsetting the first crude inventory build in six weeks.
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Santos oil production up in 2016
Santos has closed the first quarter of 2016 with oil production up 11 per cent year on year.
With 15.6 mmboe, the first quarter production is up five per cent on the previous quarter.
Sales volumes are
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Six ways to cut oil costs on the mine
Despite the weaker oil price, the mining industry is always on the hunt for efficiency measures and way to drive down costs.
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Santos aims for recovery to ease debt woes
Santos is predicted to unveil sweeping changes to its oil and gas production in a possible move to raise $3 billion in capital
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Australian researchers develop oil saving sensor
Researchers at Edith Cowan University (ECU) have developed a real-time sensor that measures engine oil quality using thin metal oxide films.
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Cummins creates new lube filter for diesel engines
Cummins Filtration have developed a new lubrication filter for its Cummins ISX engines.
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Shell makes multi-billion dollar bid for BG Group
Oil and gas giant Shell has made a massive takeover bid for BG Group, which will include the company’s QCLNG plant on Curtis Island.
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Apache exits Australian oil and gas market
Apache Corporation is selling its subsidiary Apache Energy Limited for $US2.1 billion, marking the exit of the company from Australia.
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BHP Billiton reveals details of South32 demerger
It will cost BHP Billiton $US738 million to spin-off its non-core assets into new company South32, but it assures that shareholders will be better off as a result of the deal.
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