WorldOil Australia will pay back Timor-Leste's oil revenue, Jose Ramos-Horta says Jose Ramos-Horta says he is confident Australia will reimburse ‘every cent it wrongly received’ after the countries signed a maritime border treaty last year. ConocoPhillips announces $350-million divestiture in East Timor ConocoPhillips has announced it has entered into an agreement to sell to the government of Timor-Leste its 30% interest in the Greater Sunrise fields. Over $57 billion to be spent on Oceania’s upstream projects by 2025, GlobalData says An average capex of $7.1 billion per year is forecast to be spent on 31 upcoming oil and gas fields in Oceania between 2018 and 2025, according to GlobalData, a leading data and analytics company. ConocoPhillips awards brownfield services contract for Bayu-Undan ConocoPhillips has awarded Clough AMEC, a 50/50 joint venture between Clough and Amec Foster Wheeler, a three-year contract to provide asset support, operations and maintenance services to the Bayu-Undan offshore field development in the Timor Sea. Wood Group secures new ConocoPhillips contract in Timor-Leste and Australia Wood Group has won a new, multi-year contract with ConocoPhillips in Australia. Indian tycoon plans to invest $2.5 billion in Brazil oil and gas Videocon Industries Ltd., an Indian maker of consumer electronics with ambitions to become a major energy producer, plans to invest as much as $2.5 billion over three years in Brazilian oilfields, Chairman Venugopal Dhoot said. Regional report: Australia/Southeast Asia

LNG takes center stage in Australia and Southeast Asia