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Karoon stays optimistic despite salary cuts

Karoon Energy does not believe the impact of COVID-19 represents a permanent long-term destruction in oil demand, with the company expecting a rebound as economic activity returns. Read more

Contractors set to feel COVID-19 impact: Rystad

Contractors will have to compete harder than ever, with Rystad Energy confirming that due to oil and gas companies cutting their investment budgets, it will only leave $US60 billion ($93.6 billion) worth of greenfield tenders for the market of services companies. Read more

Galilee continues Glenaras pilot progress

Galilee Energy is preparing for the next stage of work at the Glenaras multi-well pilot project in Queensland after positive performance during the March quarter.   Read more

Hydrogen industry to grow with $300m funding initiative

The Clean Energy Finance Corporation (CEFC) and the Australian Government have launched a $300 million fund to provide finance to emerging hydrogen projects, supporting the growth of a clean, innovative, safe and competitive Australian sector. Read more

Woodside leaders reinforce company’s stable position

Woodside chairman Richard Goyder and chief executive officer and managing director Peter Coleman have reiterated that the company is moving through the current market challenges with “one of the stronger balance sheets in the industry”. Read more