Australia Overview

Subsea7 has won a USD 150 million-300 million subsea installation contract from Chevron in the East Mediterranean.

India's Bharat Coking Coal has soared 96% on its market debut, reaching a valuation of USD 2.2 billion.

Chevron has reached a positive FID on the third development phase of the Gorgon LNG project in Western Australia.

Australia has launched a $740-million initiative to support domestic production of clean fuels.

AG&P LNG has acquired Venice Energy’s LNG import terminal project in Australia.

BP will exit the AREH green hydrogen project in Australia as it pivots back towards oil and gas operations.

Technip Energies has secured a large contract for a floating LNG unit in Africa.

DR Congo has extended its cobalt export ban by three months, fuelling a sharp rally in global prices.

Harmony Gold will diversify into copper by acquiring Australian miner Mac Copper for USD 1.03 billion.

DeepOcean has expanded into Asia-Pacific and Middle East regions with Shelf Subsea buyout.