Australian

Oil and natural gas industry professionals in the United States are the sixth best compensated in the world, according to an annual report by the Australian consulting firm Hays plc and Oil and Gas Job Search (OGJS), an industry jobs website.

ConocoPhillips, the largest U.S. independent by market value, plans to sell stakes in an Australian project and in the Canada oilsands to direct more funds to U.S. onshore plays, CEO Ryan Lance said Thursday.

ConocoPhillips, the largest U.S. independent by market value, plans to sell stakes in an Australian project and in the Canada oilsands to direct more funds to U.S. onshore plays, CEO Ryan Lance said Thursday.

Led by massive projects in the deepwater of the Gulf of Mexico (GOM) and Australian liquefied natural gas (LNG), Chevron Corp. is maintaining a production target of 3.3 million boe/d by the end of 2017, executives said Friday.

Led by massive projects in the deepwater of the Gulf of Mexico (GOM) and Australian liquefied natural gas (LNG), Chevron Corp. is maintaining a production target of 3.3 million boe/d by the end of 2017, executives said Friday. The gains will come even though 2Q2012 worldwide output fell 2.6% year/year to 2.62 million boe/d, Chevron Vice Chairman George Kirkland said during a quarterly earnings conference call.

To advance more profitable North American shale and oilsands projects, as well as Australian liquefied natural gas (LNG) plans, ConocoPhillips said last week it will sell up to $20 billion of its properties over the next two years, double the amount it set for sale in late 2009.

To advance more profitable North American shale and oilsands projects, as well as Australian liquefied natural gas (LNG) plans, ConocoPhillips will sell up to $20 billion of its properties over the next two years, double the amount it set in late 2009.

Australian energy giant BHP Billiton Petroleum, better known for its Gulf of Mexico (GOM) development, chiseled off a piece of Chesapeake Energy Corp.’s huge U.S. portfolio in a $4.75 billion cash deal to acquire almost half a billion acres in the Fayetteville Shale.

Australian energy giant BHP Billiton Petroleum, better known for its Gulf of Mexico (GOM) development, chiseled off a piece of Chesapeake Energy Corp.’s huge U.S. portfolio in a $4.75 billion cash deal to acquire almost half a billion acres in the Fayetteville Shale.