Wednesday, September 2, 2026

Oil and Gas Industry Shows Signs of Stabilization: Tulsa Oil Industry CEOs

From Tulsa World  The state’s oil and gas industry showed signs of stabilizing in 2017 after rough years marked by the 2014 crash in the price of oil. Area oil and gas executives believe that 2018 might be the year that the industry catches its breath. That’s because oil prices have moved above $60 a barrel, which came as somewhat

Liquefied Natural Gas Plant, Australia

Australia and East Timor Agree to Develop $50 Billion Oil and Gas Field

From ABC/Reuters East Timor and Australia have reached an agreement for a treaty on their disputed maritime border and on a “pathway” to develop the giant Greater Sunrise offshore gas fields, the Permanent Court of Arbitration in The Hague says. Under the agreement, the share of revenue from the offshore gas field will differ depending on downstream benefits that arise

Papua New Guinea Operations Paused After Quake

From Reuters  At least one company began evacuating non-essential personnel after a powerful 7.5 magnitude earthquake hit Papua New Guinea’s energy-rich interior on Monday, causing landslides, damaging buildings and closing oil and gas operations. The tremor hit in the rugged, heavily forested Southern Highlands about 560 km (350 miles) northwest of the capital, Port Moresby, at around 3.45 a.m. local