Australia’s Origin Locks In Natural Gas Supply Deal

Australian energy retailer Origin Energy Ltd. has agreed to buy natural gas from Beach Energy Ltd. in a deal that could be valued at more than US$1 billion, stoking concerns that an era of low gas prices for households and businesses on Australia's East Coast might be nearing an end. ...

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Australia Shale Hunters Focus on Oil

Shale prospectors in Australia’s vast Outback are homing in on oil as the lucrative prize that is easier and cheaper to exploit than gas. Initial hopes had been to replicate a U.S. shale gas boom, but the economics of targeting oil rather than gas derived from shale formations, once considered a mere by-product, look increasingly compelling in Australia. ...

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