LNG

Chevron Corp., currently producing LNG for the first time at its Wheatstone plant in Western Australia, has become the latest energy company to pull out of exploration activities in the offshore Great Australian Bight, a deepwater frontier basin in South Australia.

Norwegian energy company Statoil has committed itself to continuing the deepwater offshore exploration programme in the Great Australian Bight offshore South Australia that was vacated by BP of the UK in October 2016.