New code of conduct for gas industry

A new voluntary Code of Conduct for the gas industry has been finalised and received by the Australian Government.

Led by the Australian Petroleum Production & Exploration Association (APPEA), representing suppliers and gas consumers, as well as the Australian Industry Group (AIG), the code ensures the market functions justly.

It will also provide users with the greatest deals through meeting the best interests of all participants.

Path Investments plc (LON:PATH) is an energy investment company, and is focused on making investments in the energy sector on a global basis. The company seeks to create value for its shareholders through acquisitions, joint ventures or direct interests in energy businesses or associated projects.

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Path Investments plc

DG Innovate admitted to Main Market of London Stock Exchange (Video)

8th April 2022

DG Innovate plc (LON:DGI), has today announced its admission to the standard segment of the Official List and to trading on the Main Market of the London Stock Exchange. The Company’s ordinary shares will begin trading at

Path Investments conditions for acquisition of DG Innovate have been satisfied

7th April 2022

Path Investments plc (LON: PATH), has now confirmed that, following the passing of all resolutions at its General Meeting (“GM”) held on 1 April 2022, that all other conditions precedent in respect of the acquisition of DG

Fed Budget to fuel net zero goals

6th April 2022

The 2022-23 Federal Budget is set to back the Australian industry while building new energy industries, securing reliable and affordable energy, and putting Australia on track to reach net zero emission by 2050. Minister for Industry,

Path Investments to host live online investor presentation on Thursday 7 April

5th April 2022

Path Investments plc (LON:PATH) has announced that Christopher Theis (CEO) and Jack Allardyce (Finance Director), will provide a live online investor presentation on Thursday 7 April 2022 at 5.30pm London time in relation to the Company’s acquisition of

Biden orders ‘the largest release of oil reserves in American history’ to lower prices

1st April 2022

U.S. President Joe Biden last night announced plans for what is said to be the largest release from the strategic petroleum reserves in American history of 1 million barrels a day for six months to lower

Santos records 17% upward revision of Tanumbirini wells

28th March 2022

Santos, the operator of EP 161 permit within the Beetaloo Basin, has advised on a 17 per cent increase to the previously reported gas flow rates from Tanumbirini 2H (T2H) and T3H. This follows a recalibration

U.S. oilfield services giants suspend Russian operations

22nd March 2022

Three U.S. oilfield services providers – Halliburton, Schlumberger, and Baker Hughes – have decided to suspend any future investments and operations in Russia following the country’s attack on Ukraine and the widespread sanctions imposed as a

Strong gas flows achieved at Lockyer

17th March 2022

Norwest Energy has advised that in preparation for production testing for its Lockyer Deep-1 conventional gas discovery well, perforating operations were conducted from 10-12 March. The objective of the operation was to perforate the 25 metre

25 companies join emissions transparency report pilot

11th March 2022

Twenty-five major companies from across the economy have opted into the Corporate Emissions Reduction Transparency (CERT) report pilot. The Clean Energy Regulator said this is a significant step forward in supporting transparency and consistency of net emissions reporting

Schlumberger and Rockwell partnership resolves issues

8th March 2022

The complexity and inefficiency of oil well surveillance systems is being overhauled by Sensia, a joint venture between industrial automation leader Rockwell Automation, and oil and gas instrumentation leader Schlumberger. “With most systems in place today, surveillance engineers responsible

Bass to acquire Cooper Basin assets

4th March 2022

Bass Oil has entered into a conditional sale and purchase agreement with a subsidiary of Beach Energy to acquire a portfolio of Cooper Basin assets for a cash consideration of $650,000. The assets Bass will acquire include the producing

BP to get rid of its interest in Russia’s Rosneft

28th February 2022

UK’s oil major BP has decided to exit its shareholding in Russia’s oil and gas giant Rosneft while Norway’s Equinor has moved to exit its joint ventures in Russia following the attack on Ukraine, which started

Neptune to support high levels of gas output from Cygnus

22nd February 2022

Oil and gas company Neptune Energy has awarded a series of contracts to support ongoing operations at its operated Cygnus Alpha and Bravo platforms in the UK Southern North Sea. The awarded work scopes cover diving

Beach benefits from high oil and gas prices

15th February 2022

Profit at Beach Energy has jumped 66 per cent thanks to soaring oil and gas prices, despite the company’s half-year oil and gas production rates falling 15 per cent. In its half-yearly report, the company reported

U.S. operator boosts fleet with three more offshore supply vessels

8th February 2022

U.S. offshore vessel operator Hornbeck Offshore has added three offshore supply vessels (OSVs) to its fleet following an auction carried out by the U.S. Department of Transportation’s Maritime Administration (MARAD). The vessels are candidates for deployment in the U.S.

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