Climate coalition selects first investments

The Oil and Gas Climate Initiative, a coalition led by chief executives of 10 large oil companies, has identified its first three investments in ventures aimed at lowering emissions of greenhouse gases. Through OGCI Climate Investments, the coalition plans to invest $1 billion in low-emission technologies and projects over 10 years.   Source: News


Xanadu-1 discovery’s crude oil similar to Cliff Head field

Analysis has shown that crude oil from Perth-based Norwest Energy Ltd. group’s Xanadu-1 discovery in the north Perth basin is of good quality and similar to that produced from the company’s Cliff Head oil field further offshore. Source: News