4. Announcing the Top 20 Australian Gas Leaders
Thu 21 May 2015
The Top 20 Australian Gas Leaders - 2015 lists have officially been launched and are now available to view.
In what is a first for the Australian gas industry, Gas Today is excited to provide an exclusive guide to the movers and shakers of Australia’s gas industry.
5. Chevron loses ATO case
Fri 23 October 2015
Chevron will have to pay over $A250 million in back taxes and an estimated $A60 million in fines after having lost a Federal Court case brought by the Australian Taxation Office (ATO).
The ATO accused Chevron of using an in-house loan to an Australian subsidiary worth around $A2.7 billion to raise up to $A862 million in tax-free dividends over five years, utilising a higher interest rate on the loan which was not subject to tax in either Australia or the United States.
6. Armour rejects WestSide hostile takeover
Wed 9 September 2015
Armour Energy directors have pleaded with shareholders to reject a hostile takeover bid launched by WestSide Corporation, a Brisbane-based gas producer.
A statement issued to the ASX today urges shareholders to reject the WestSide offer, labelling it is “opportunistic and inadequate”.
Armour Energy’s board has reportedly unanimously refused the offer.
7. It looks gloomy, but is it? Emerging workforce needs for Australian gas
Written By Geoffrey Cann: featured in Winter 2015
It really does look gloomy out there. Globally, oil and gas industry layoffs number well north of 100,000.
The services companies have taken the brunt of the losses, and it’s interesting how few jobs have been lost among the exploration and production companies.
So what gives?
8. Asian LNG demand much lower than expected
Mon 19 January 2015
The LNG industry celebrated its 50th birthday in 2014, but while the industry may have matured, global mining research and consultancy Wood Mackenzie found in its annual review that Asian LNG demand was much lower than expected.
9. Arrow postpones upstream Bowen Basin plans
Wed 9 December 2015
Production challenges have resulted in Arrow Energy deciding to delay its upstream Bowen Basin development, which involved a gas field expansion and the proposed 500 km Arrow Bowen Pipeline to Gladstone.
An Arrow spokesperson told PPO News that the Bowen Basin, which contains deeper and tighter coals than the company’s holdings in the Surat Basin, presented a number of production challenges.