The private equity group, partly owned by Saudi Aramco, has made three investments in ventures run by Woodside, Chevron and Shell and will open a local office.
-Australian oil and gas producer Santos reported a 42% drop in its annual underlying profit on Wednesday on the back of persistent weakness in commodity prices and lower production..
The Biden administration’s recent decision to temporarily pause approvals for new U.S. LNG export projects to non-FTA countries is not only endangering domestic energy security and economic prosperity, but is set to have far-reaching negative.
Woodside Energy Group Ltd. and Santos Ltd. have ended tie-up talks that would have created an Australian gas export powerhouse, leaving the smaller Adelaide-based producer under pressure to consider asset sales and other options to boost its lagging valuation.