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CEO's head rolls at leading Australian oil and gas company as project costs mount - Upstream Online

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CEO's head rolls at leading Australian oil and gas company as project costs mount | Upstream Online

The chief executive at one of Australia's leading oil and gas companies has been replaced while the company has just reported another cost increase at the Waitsia gas development and hefty reductions in annual profit, revenue and production.

CEO's head rolls at leading Australian oil and gas company as project costs mount

Australian media reports that Beach's largest shareholder was pushing for change

14 August 2023 23:01 GMT Updated 14 August 2023 23:01 GMT
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in Oslo

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Related Knowledge Center: ENERGY BASICS: petroleum

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While electric-powered vehicles may be the ride of the future, oil remains at least for now the dominant fuel for transportation around the world. And after a period of time at the end of the 20th century when oil was subject to wide fluctuations in price, new supplies in North America as a result of non-conventional recovery techniques have helped stabilize prices.

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