The Australian Bureau of Statistics (ABS) has reported that oil and gas exploration expenditure fell 6.8 per cent in the 2020 June quarter, with Western Australia being the largest contributor to the drop.
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Otto, Australis respond to challenging market conditions
Australian-based companies Otto Energy and Australis Oil & Gas have both taken steps to ensure their international operations are positioned to ride out current market challenges. Otto Energy reported
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Oil slump hits Australian producers
Shares in Australia’s oil and gas giants have fallen sharply following the fallout from the inability of OPEC and Russia to reach an agreement on production cuts last week. The oil and gas sector
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