Offshore Victorian gas output is set to decline rapidly from around 2023 due to southern Australia edging closer to its production supply cliff.
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Shell has provided an update on its second quarter 2020 outlook, with gas production expected to be between 880 and 910 thousand barrels of oil equivalent per day across the company’s global operations.
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Santos has reinforced that it is well-positioned for a lower oil price environment, with production levels from current assets expected to maintain a steady rate for the next four to five years without
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