Aussie oil and gas spend ‘on the down escalator’

New investment in Australia’s oil and gas sector appears to have stalled, with the latest data showing a gloomy outlook for the upstream market up to 2020.

LNG in Queensland is on the upper end of the cost curve, and may face challenges in the long term. (QCLNG) LNG in Queensland is on the upper end of the cost curve, and may face challenges in the long term. (QCLNG)

New investment in Australia’s oil and gas sector appears to have stalled, with the latest data showing a gloomy outlook for the upstream market up to 2020.