Industry News

Latest from Australia's industrial and energy sectors

Oilprice.com • 24 Aug 2026
Iran Blacklists 45 Tankers as Hormuz Standoff Escalates

Iran has blacklisted 45 oil, LNG, LPG and product tankers using the Strait of Hormuz, threatening fines, detention and cargo confiscation as Tehran retaliates against …

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Oilprice.com • 24 Aug 2026
Equinor and Aker BP Make New North Sea Gas Discovery

Norwegian oil and gas firms Equinor and Aker BP have made a gas and condensate discovery close to the operating Balder field in the North …

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Oilprice.com • 24 Aug 2026
Norway Takes Oilfield Climate Battle to Supreme Court

The Norwegian government is asking the country’s Supreme Court to overturn lower-court rulings that invalidated the development permits of three new oilfields in Norway’s North …

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Jade Gas submits TTCBM development plan in Mongolia
Offshore Technology • 24 Aug 2026
Jade Gas submits TTCBM development plan in Mongolia

Jade Gas lodges TTCBM development plan with Mongolia's Minerals Reserve Council and agrees a 502km² production licence area.

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Oilprice.com • 24 Aug 2026
Japan Power Prices Surge to Highest Since 2023

Japan’s nationwide day-ahead electricity price soared by 20% in one week to settle on Monday at the highest level since January 2023, as gas supply …

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Middle East to dominate global gas processing capacity additions by 2030
Offshore Technology • 24 Aug 2026
Middle East to dominate global gas processing capacity additions by 2030

The Middle East is expected to remain a key centre for global gas processing capacity additions through 2030.

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Iran reports discovery of 7.5tcf of natural gas reserves in Fars province
Offshore Technology • 24 Aug 2026
Iran reports discovery of 7.5tcf of natural gas reserves in Fars province

Iran has discovered more than 7.5 trillion cubic feet (tcf) of natural gas in the southern province of Fars, Oil Minister Mohsen Paknejad claimed on …

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Omega’s Canyon-3 well finds oil and gas in eastern Taroom Trough
Offshore Technology • 24 Aug 2026
Omega’s Canyon-3 well finds oil and gas in eastern Taroom Trough

Omega Oil & Gas said that the Canyon-3 well in the eastern Taroom Trough in Queensland, Australia has encountered significant oil and gas-bearing intervals.

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Oilprice.com • 24 Aug 2026
Norway Vows to Keep Drilling for Oil and Gas in the Arctic

Norway plans to continue exploring for oil and gas in its Arctic waters in the Barents Sea regardless of whether the European Union supports or …

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Oilprice.com • 24 Aug 2026
Iran Unveils Huge New Gas Discovery Amid U.S. Economic Pressure

Iran has made a new gas discovery in the southern province of Fars, with the oil ministry reporting estimates of 7.5 trillion cubic feet of …

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Petrobras begins talks for four offshore exploration blocks in Ghana
Offshore Technology • 24 Aug 2026
Petrobras begins talks for four offshore exploration blocks in Ghana

Petrobras has started direct negotiations for exploration contracts in four offshore blocks in Ghana’s Keta Basin, after the country’s Ministry of Energy and Green Transition …

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Oilprice.com • 24 Aug 2026
Exxon Eyes Shell’s $8 Billion U.S. Chemicals Business

Exxon is in the running for Shell’s U.S. chemicals business that could fetch $8 billion, the Financial Times reported today, citing unnamed sources familiar with …

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