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Australian Worldwide Exploration Logo. AWE Limited (AWE) [1] is an oil and gas producer with proven resources in Australia, Indonesia and New Zealand. [2] Since May 2018, it has been a wholly owned subsidiary of Mitsui & Co., Ltd. (Japan) [3] and has been delisted from the ASX. [4]
In 1926 it acquired the Neptune Oil Company; a year later the British Imperial Oil Company was renamed the Shell Company of Australia, and in 1928 it purchased the Clyde Refinery in Sydney. [1] In 1954, Shell opened its second oil refinery in Geelong, and in 1959 established a detergent alkylate plant at Geelong and a petrochemical plant at Clyde.
Australia's first oil rig was erected there in 1866. [ 3 ] Between the 1920s and 1950s, the Shell Company of Australia and Vacuum Oil Company Australia Pty Ltd were selling petrol through single-brand service stations while Golden Fleece , Independent Oil Industry and Commonwealth Oil Refineries Ltd operated through multiple-brand stations. [ 4 ]
Liberty Oil was founded in 1995 by David Goldberger and David Wieland, who had previously founded Solo in 1974, before selling it to Ampol in 1989. Goldberger and Wieland had been subject to a ten year non-compete clause however this was ruled void by the Trade Practices Commission when Ampol merged with Caltex.
It is the biggest supplier of natural gas in Australia, [9] Australia's second-largest independent producer of oil and natural gas, and was slated to become the world's biggest liquefied natural gas (LNG) exporter by 2019. [10] In the 2020 Forbes Global 2000, Santos was ranked as the 1583rd-largest public company in the world. [11]
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