Industry News

Latest from Australia's industrial and energy sectors

Oilprice.com • 28 Aug 2026
Trump Dismisses NATO Attack Fears After CIA Chief’s Moscow Trip

US President Donald Trump told reporters that he does not believe Moscow will attack a NATO nation amid rising concerns that Russian President Vladimir Putin …

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Oilprice.com • 28 Aug 2026
Amazon Nears 1 GW of Wind Power in Sweden With Four New Deals

Amazon has expanded Germany’s largest-ever power purchase agreement (PPA), signed in June, and announced another four deals to buy power from four wind farms in …

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Oilprice.com • 28 Aug 2026
Hormuz Shipping Remains Subdued Despite Apparent Reopening

Politics, Geopolitics & Conflict Hormuz is “open”, but nowhere close to functioning normally. The U.S. has cleared mines from the internationally recognized shipping lanes and …

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Oilprice.com • 28 Aug 2026
The Iran War Has Handed Russia a Strategic Opening in Europe

The war with Iran has handed Russia a strategic advantage in Ukraine. Washington is burning through the weapons Europe needs to deter Russia, moving military …

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Oilprice.com • 28 Aug 2026
Oil Selloff Outruns Reality in Hormuz

WTI crude oil futures were trading at $83.51 late Thursday, down $3.13, or 3.61%, for the week. The market opened near the weekly high at …

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Energean plans to buy bp’s Egyptian oil and gas assets for $1bn
Offshore Technology • 28 Aug 2026
Energean plans to buy bp’s Egyptian oil and gas assets for $1bn

Energean is in exclusive discussions with BP to purchase a selection of the British company’s upstream oil and gas holdings in Egypt, reported Reuters, citing …

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Acerta to expand liquids-rich Alberta production with Astara deal
Offshore Technology • 28 Aug 2026
Acerta to expand liquids-rich Alberta production with Astara deal

Acerta Energy has agreed to acquire rival Canadian oil and gas firm Astara Energy in a transaction valued at approximately C$127m ($91.55m), including assumed net …

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Enbridge, KKR form joint venture for Westcoast pipeline expansion
Offshore Technology • 28 Aug 2026
Enbridge, KKR form joint venture for Westcoast pipeline expansion

Enbridge and KKR have agreed to form a joint venture (JV) that will provide funding for the Aspen Point and Sunrise Expansion Programmes of the …

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PTTEP and Petronas agree to 35-year Gulf of Thailand gas deal
Offshore Technology • 28 Aug 2026
PTTEP and Petronas agree to 35-year Gulf of Thailand gas deal

PTTEP has signed a long-term agreement with its partners for the continued operation and supply of natural gas from a major offshore block in the …

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TotalEnergies exits Arctic LNG 2 with 10% stake sale to NordLine
Offshore Technology • 27 Aug 2026
TotalEnergies exits Arctic LNG 2 with 10% stake sale to NordLine

TotalEnergies has completed the transfer of its 10% interest in the Arctic LNG 2 project in Russia’s Gydan Peninsula to NordLine, a subsidiary of Novatek.

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Fire at Russia’s Amur petrochemical complex causes multiple casualties
Offshore Technology • 27 Aug 2026
Fire at Russia’s Amur petrochemical complex causes multiple casualties

A fire accident broke out at the Amur Gas Chemical Complex (AGCC) in Russia’s far eastern Amur region, killing seven people, including six Chinese nationals, …

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CNOOC H1 2026 net profit rises 23.4% to $12.76bn
Offshore Technology • 27 Aug 2026
CNOOC H1 2026 net profit rises 23.4% to $12.76bn

China National Offshore Oil Corporation (CNOOC) has reported a net profit attributable to equity shareholders of 85.8bn yuan ($12.76bn) for the first half of 2026 …

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