Abu Dhabi National Oil Co. has made an $18.7 billion offer for Australian fossil fuel producer Santos Ltd., in one of the most audacious overseas moves yet by the Middle Eastern company as it seeks to expand its production of liquefied natural gas.
Esso Australia Resources, a subsidiary of ExxonMobil Australia, will invest nearly USD 200 million in the Kipper 1B Project to bring additional gas supply on line from the Gippsland Basin, the company said on Monday.
The Engineering Procurement Construction (EPC) project of Templers energy storage offshore in South Australia, contracted by China Energy Engineering Group’s Shanxi Electric Power Construction Company commenced on Friday, according to the company.