BHP first tried to sell the Fayetteville assets more than two years ago, having made the shale gas investment in 2011 before writing it down by $2.8 billion a year later after gas prices dropped.
Chevron said it was disappointed by the judgment in the case, which covers the five tax years from 2004 through 2008.
Proposal for coast-to-coast gas pipeline mocked; shipping LNG from west to east called cheaper.
If successful, the deal could mark Petronas’ biggest upstream stake sale since oil prices started declining more than two years ago. Petronas is targeting lowering operating expenses, job cuts and project rollbacks to help it navigate through the low oil price environment.
Australia's deputy prime minister said he would support lifting bans on coal seam gas (CSG) drilling if landowners were given a bigger slice of royalties, a significant policy shift as the country scrambles to avoid a looming energy crisis.
ExxonMobil, Shell promise the government that natural gas will be available for domestic use.
Australia is on the cusp of becoming the world’s largest LNG exporter. At AOG 2017, the question being asked is whether that will be good for the country?
Australia-based, but Alaska-focused 88 Energy was Australian Stock Index star as the country’s oil and gas sector climbed out of a very deep hole.
Inpex holds 72.8% of the project, France's Total 24%, with the rest spread over Japanese utilities Tokyo Gas, Osaka Gas and Toho Gas, Reuters reported.
The proposed IPO will not require Origin shareholder approval and is set to list next year, the company said, according to Reuters.