Industry News

Latest from Australia's industrial and energy sectors

Oilprice.com • 04 Sep 2026
Iran Says It's Found Ways to Dodge U.S. Oil Blockade

Iran pursues various tactics to bypass the U.S. blockade, which President Trump reimposed in the middle of July after the deal to make a deal …

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Bass Oil confirms new oil pay at Bunian 6 in Indonesia
Offshore Technology • 04 Sep 2026
Bass Oil confirms new oil pay at Bunian 6 in Indonesia

Bass Oil has confirmed the identification of oil pay in three separate reservoirs at its Bunian 6 well in Indonesia’s South Sumatra Basin.

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Oilprice.com • 04 Sep 2026
The Iran War Has Put Venezuela’s Oil Back in the Spotlight

Politics, Geopolitics & Conflict The U.S. restarted major strikes on Iran this week, hitting missile, radar, and other military installations along the southern coast and …

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Oilprice.com • 04 Sep 2026
How Much Oil Is Really Getting Through the Strait of Hormuz?

Trump says the U.S. has effectively reopened the Strait of Hormuz, with 18 million barrels of oil reportedly crossing under American protection on Tuesday, close …

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Oilprice.com • 04 Sep 2026
WTI Back Above $91 as War Premium Returns

October WTI crude oil futures are trading at $91.80 Thursday night, up $8.36 or 10.02% for the week so far. The contract traded as low …

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Oilprice.com • 04 Sep 2026
Europe Gas Prices Head for Fourth Straight Weekly Gain

European benchmark natural gas prices on Friday headed for their fourth consecutive weekly gain as the re-escalation in the Middle East dampened hopes that LNG …

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Oilprice.com • 04 Sep 2026
U.S. Diesel Prices Hit All-Time High as Global Fuel Squeeze Deepens

The average U.S. diesel price hit a record high late on Thursday, exceeding the previous record from 2022, as the Middle East crisis tightened global …

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Sea Lion partners face Argentine sanctions push over Falklands oil
Offshore Technology • 04 Sep 2026
Sea Lion partners face Argentine sanctions push over Falklands oil

Argentine President says he will sanction oil companies and their suppliers over the Navitas- and Rockhopper-backed Sea Lion Falklands project.

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Oilprice.com • 04 Sep 2026
Argentina Targets Falklands Oil Drillers With Tougher Sanctions

Argentina’s President Javier Milei threatened to impose sanctions on oil companies drilling near the Falkland Islands, after reiterating his claim that the territory under British …

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TotalEnergies completes Galp swap to operate Namibia’s Mopane find
Offshore Technology • 04 Sep 2026
TotalEnergies completes Galp swap to operate Namibia’s Mopane find

TotalEnergies has closed its swap with Galp, taking a 40% operated interest in Namibia's PEL83 licence, home to Mopane.

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Oilprice.com • 04 Sep 2026
UK Poised to Approve Jackdaw Gas Field as Energy Costs Soar

Prime Minister Andy Burnham is expected to approve the development of the Jackdaw natural gas field in the North Sea before the end of the …

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Williams closes $5.5bn Momentum deal to expand Haynesville footprint
Offshore Technology • 04 Sep 2026
Williams closes $5.5bn Momentum deal to expand Haynesville footprint

Williams has acquired Momentum Midstream, adding more than 4,000 miles of Haynesville gathering and transmission pipe.

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