Employees have been evacuated from a Timor Sea oil rig after an oil and gas spill 3.6km below the surface.
Oil and gas will continue to spill into the ocean from a drilling rig off Australia’s northwest coast for seven weeks, leaving a multi-million dollar clean-up bill for the company responsible.
About 40 barrels of oil are [...]

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Gas and oil producer Oil Search has experienced a production decline of 2.212 million barrels during the last quarter due to natural field decline and a shut down at its operations in Papua New Guinea.
The planned shut down in February was to undergo essential maintenance work and repairs to the flare.
Managing Director Peter Botten said [...]

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Leighton Holdings Ltd, Australia’s largest construction company, has been given the contract to build a pipeline in India for Asia’s biggest oil and gas producer. The contract is worth $US720 million ($A795 million).
The project involves the installation of over 200 kilometres of fixed and flexible pipelines in the Mumbai High field for India’s Oil and [...]

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