SYDNEY (Dow Jones)–Australia’s government on Sunday said it has awarded 12 new petroleum exploration permits for off the coast of Western Australia and Victoria state. Among the eight companies to win the permits–the tender process received 46 bids–are BHP Billiton (BHP, BHP.AU), Bass Strait Oil Company, WHL Energy and Woodside Petroleum (WOPEY, WPL.AU).
“Liquefied natural gas exports are forecast to significantly expand in Australia over the next two decades,” said Martin Ferguson, resources minister in a release.
“With these new permits, we hope to see discovery of new oil and gas reserves, which could translate into more jobs and growth for our economy.”
The new permits are expected to spark some A$303 million in investment over the next three years, according to the government.
-By Enda Curran, Dow Jones Newswires
Sign up for gCaptain’s newsletter and never miss an update
Essential maritime and offshore news, insights, and updates delivered daily straight to your inbox
Australia has selected the ANL Kokoda as the first vessel in its Strategic Fleet Pilot Program, launching a key element of the Albanese government’s plan to rebuild the nation’s sovereign...
NEW DELHI, May 26 (Reuters) – The foreign ministers of Australia, India, Japan and the U.S. agreed to jointly build a port in Fiji and signed pacts covering critical minerals and energy security,...
Australia has banned another foreign-operated ship from its ports after inspectors discovered seafarers had been underpaid and unlawfully charged for drinking water, escalating a widening crackdown on labor abuses in...
Subscribe to gCaptain Daily and stay informed with the latest global maritime and offshore news
Essential news coupled with the finest maritime content sourced from across the globe.
Sign Up
Join The Club
