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Asia-Pacific stocks edge higher; Australia central bank's rate decision ahead

Asia-Pacific markets mixed as oil stocks rise; Australia central bank s rate decision ahead
CNBC
3 hrs ago
Eustance Huang
The Reserve Bank of Australia is set to announce its interest rate decision at 12:30 p.m. HK/SIN on Tuesday.
Oil prices surged to multiyear highs on Monday after talks between OPEC and its oil-producing allies were postponed indefinitely following a failure by the group to reach on agreement on production policy for August and beyond.
SINGAPORE Shares in major Asia-Pacific markets struggled for direction in Tuesday morning trade as investors look ahead to the Australian central bank s interest rate decision.
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Asia-Pacific Markets Mixed as Oil Stocks Rise; Australia Central Bank's Rate Decision Ahead

Oil prices rise
Oil prices rose in the afternoon of Asia trading hours. U.S. crude futures jumped 1.98% to $76.65 per barrel. International benchmark Brent crude futures rose 0.31% to $77.40 per barrel.
Shares of Asia-Pacific firms in the oil space rose on Tuesday trade, with Australia s Beach Energy rising 1.96% while Santos gained 0.41%. Shares of Inpex in Japan also jumped 1.78%. In Hong Kong, shares of CNOOC climbed 1.56%, as of their final hour of trading.
Oil prices surged to multiyear highs on Monday after talks between OPEC and its oil-producing allies, known as OPEC+, were postponed indefinitely following a failure by the group to reach on agreement on production policy for August and beyond. ....

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Clough Wins EPC Work at Oz Waitsia Field

Clough Wins EPC Work at Oz Waitsia Field
Jan 12, 2021 8:40:am
Summary
by: Joe Murphy
Posted in:
Clough Wins EPC Work at Oz Waitsia Field
Perth-based Clough has won an engineering, procurement and construction (EPC) contract worth A$400mn ($309mn) for the second-stage development of the Waitsia gas field in Western Australia, it said on January 11.
The award by Japan s Mitsui and Australia s Beach Energy comes weeks after the pair took a final investment decision on the project, which will ramp up production to 270 TJ/day from 2o TJ at present. The expansion involves adding six wells and a new gas processing plant at a cost of A$768mn. ....

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Mitsui, Beach Take FID on Oz Waitsia Field

Mitsui, Beach Take FID on Oz Waitsia Field
Dec 23, 2020 9:50:am
Summary
A deal was also struck with the partners at the North West Shelf LNG project on handling gas from the field.
by: Joe Murphy
Japan s Mitsui and Australia s Beach Energy have taken a final investment decision on second-stage development of the Waitsia gas field in Western Australia, the partners said on December 23.
Waitsia is among the largest onshore gas fi.
Posted in: ....

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