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Australia: Triangle Energy provides update on the resources, well planning and farmout of its Cliff Head project


Australia: Triangle Energy provides update on the resources, well planning and farmout of its Cliff Head project
15 Mar 2021
Farmout campaign and well planning for Cliff Head satellite drilling ongoing
Triangle Energy has provided an update regarding its
Cliff Head project, located in
Production License WA-31-L in the Perth Basin.
Cliff Head Contingent and Prospective Resources
On 3 November 2020, Triangle announced that in light of BP s intention to cease fuel production at its Kwinana Refinery and convert the Refinery into an import terminal, the Company withdrew its Resources and Reserves estimates on the basis that the economic parameters underpinning these were now unknown. ....

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Geelong's Viva Energy records $95 million loss for oil refinery


Geelong s Viva Energy records $95 million loss for oil refinery
WedWednesday 24
updated
WedWednesday 24
FebFebruary 2021 at 5:46am
Viva Energy s latest losses come after a year of significant decline in demand for fuel due to the pandemic.
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Victoria s last oil refinery and one of two remaining in Australia has recorded a multi-million dollar loss for the last financial year.
Key points:
The company has moved to diversify its operations into renewable energy and gas
The future of Viva s oil refining operations remains uncertain, threatening Australia s domestic supply for fuel
Geelong s Viva Energy released its 2020 financial year results on Wednesday, reporting a $95.1 million loss to its oil refining arm and announcing a business recovery plan to boost the company s earnings going forward. ....

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