Home Economics Australia Oil Find Could Ignite Drilling Boom Off Country’s Northwest Coast

Australia Oil Find Could Ignite Drilling Boom Off Country’s Northwest Coast

When you purchase through our sponsored links, we may earn a commission. By using this website you agree to our T&Cs.

An oil boom could be on tap for Australia’s northwest coast. U.S. energy firm Apache Corp. (NYSE:APA) says it has made what may be Australia’s largest oil discovery in decades, in a region that drillers had previously abandoned after coming up empty. The oil field off Western Australia’s Canning Basin potentially holds up to 300 million…

Australia Oil Find Could Ignite Drilling Boom Off Country’s Northwest Coast

Our Editorial Standards

At ValueWalk, we’re committed to providing accurate, research-backed information. Our editors go above and beyond to ensure our content is trustworthy and transparent.

Want Financial Guidance Sent Straight to You?

  • Pop your email in the box, and you'll receive bi-weekly emails from ValueWalk.
  • We never send spam — only the latest financial news and guides to help you take charge of your financial future.