While overextended majors such as Origin and Santos are focused on divestments and cutting costs, smaller private-equity backed ventures are filling a funding vacuum in Australia’s upstream sector.
These players are hoping to exploit the opportunities provided by rising prices, policy uncertainty, and a tightening gas and electricity market. Singapore-based commodity house RCMA announced this week that it plans to jointly develop mature gas fields in Queensland with local venture Qado. The pair are examining at least 14 onshore gas and liquids projects, some of which...
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