Search results
Results from the WOW.Com Content Network
The West Australian Petroleum Pty Ltd joint venture discovered Australia's first flowing oil in November 1953, at Rough Range on the North West Cape. [6] WAPET later discovered in 1964 the first commercial natural gas field in Western Australia, at Dongara in the Perth Basin. [7] In 1998, the federal government discontinued fuel price regulation.
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.
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.
In May 1995, Caltex and Ampol merged their petroleum, refining and marketing assets (i.e. Caltex Oil (Australia) Pty Ltd and Ampol Limited) to form Australian Petroleum Pty Ltd (APPL), owned equally by Pioneer International and Caltex Australia. [32] At the time, the merged company held a 28% market share in the petroleum industry.
Viva Energy Australia is a listed Australian company that owns the Geelong Oil Refinery and is licensed to retail Shell-branded fuels across Australia under a licence agreement. It also owns and retails fuel through Coles Express , OTR , Reddy Express , Liberty Oil and Westside Petroleum-branded service stations.
U.S. stocks slumped Friday as worries flared again on Wall Street about tariffs and inflation. The Dow Jones Industrial Average sank 444 points, or 1%, and a sharp fall for Amazon after its latest ...
Western Australia's share of national petroleum production in 2007. Oil production in Australia increased gradually after 1980, peaking in 2000 at 805,000 barrels per day (128,000 m 3 /d). In 2003, production fell dramatically to 630,522 bbl/d (100,245.0 m 3 /d). In 2006, Australia produced approximately 562,000 bbl/d (89,400 m 3 /d) of oil. [14]
The S&P/ASX 200 (XJO) index is a market-capitalisation weighted and float-adjusted stock market index of stocks listed on the Australian Securities Exchange. The index is maintained by Standard & Poor's and is considered the benchmark for Australian equity performance. It is based on the 200 largest ASX listed stocks, which together account for ...