contract extensions

UGL secures WA oil, gas contract extensions

CIMIC Group’s UGL has won two contract extensions for planning, maintenance and shutdown services in Western Australia. The contract extensions are expected to generate revenue to UGL of $160 million and cover the provision of brownfields implementation services for a leading oil and gas company under a non-binding framework agreement. The contract includes planning and …
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Industry to boost COVID-19 recovery: APPEA

The Australian Petroleum Production & Exploration Association (APPEA) has highlighted that Australia’s upstream oil and gas industry is key to supporting the nation’s economic recovery from COVID-19, with opportunities to secure a new phase of long-term investment and growth, and create jobs. Outlined in its report – Australia’s oil and gas industry: Kick-starting recovery from …
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Oil and gas exploration suffers in first quarter

The Australian Bureau of Statistics has revealed in its latest data that oil and gas exploration across Australia has dropped by $83.7 million in the first quarter compared with the fourth quarter of 2019. The data revealed that the largest contributor to the fall was Queensland, which was 45.5 per cent with a $32.3 million …
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What will shape the future of oil and gas?

The oil and gas industry in Australia has emerged from a period of major structural, political and technological changes that have accompanied unprecedented expansion in the country. Entering the new decade, the industry is set to embrace these changes as energy demand, emerging markets, urbanisation and improving living standards gather momentum. Read more