https://www.mondialnews.com/2026/03/18/conocophillips-australian-unit-targets-acquisition-of-3d-energis-otway-basin-stake/
Australian energy company 3D Energi has revealed that ConocoPhillips’ Australian unit is reportedly seeking to acquire its stake in the Otway Basin, according to a statement released via Reuters. The potential transaction highlights ongoing shifts in the region’s energy assets, as major players look to consolidate interests in key offshore gas fields. Further details on the negotiations and strategic implications for both companies remain closely watched by industry analysts.
3D Energi Faces Potential Shift as ConocoPhillips Australian Unit Moves to Acquire Stake in Otway Basin
3D Energi has revealed that ConocoPhillips’ Australian subsidiary is actively negotiating to acquire its share in the Otway Basin, signaling a possible realignment in the region’s energy landscape. The move comes as ConocoPhillips eyes expanding its footprint in Australia’s offshore gas sector, leveraging the Otway Basin’s promising reserves to bolster its supply portfolio. Industry analysts suggest that…
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Author : Miles Cooper
Publish date : 2026-03-18 05:53:00
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