Slow progress in New Zealand has led Jadestone to focus on Australia
Jadestone advances in Australia but drops NZ plans
Regulatory clarity and swiftness allow the firm to make a rapid move into the North West Shelf, in contrast to its withdrawal from Maari
Singapore-based independent Jadestone Energy has made progress in Australia shortly after a setback in New Zealand, demonstrating the drastically different upstream environments in the two Antipodean nations. Jadestone has completed its acquisition of BP's non-operated 16.67pc stake in the North West Shelf project’s oilfields, off the coast of Western Australia, following an initial SPA in July. The Singaporean firm paid $20mn, having already paid an initial $41mn into the project’s decommissioning trust fund. BP has now divested from the development entirely, and the scheme—which is better known as an LNG export project—remains operated by Australian firm Woodside. “We see significant
Also in this section
16 January 2026
The country’s global energy importance and domestic political fate are interlocked, highlighting its outsized oil and gas powers, and the heightened fallout risk
16 January 2026
The global maritime oil transport sector enters 2026 facing a rare convergence of crude oversupply, record newbuild deliveries and the potential easing of several geopolitical disruptions that have shaped trade flows since 2022
15 January 2026
Rebuilding industry, energy dominance and lower energy costs are key goals that remain at odds in 2026
14 January 2026
Chavez’s socialist reforms boosted state control but pushed knowledge and capital out of the sector, opening the way for the US shale revolution
