
Senex Energy is a leading player in the energy development sector, with a strong focus on community engagement. The company has a presence in the Surat Basin in Queensland, where it operates several gas fields.
Senex Energy's operations in the Surat Basin are centered around the Atlas and Roma gas fields. These fields are a key part of the company's gas production and supply strategy.
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Company Operations
Senex Energy's operations are based in the Surat Basin, with producing assets near the townships of Roma and Wandoan in Queensland.
The company formerly owned producing oil assets in Australia's Cooper Basin.
Senex Energy's operations are centered in Queensland, with a strong presence in the Surat Basin.
Here are some key categories related to Senex Energy:
- Oil companies of Australia
- Natural gas companies of Australia
- Companies based in Brisbane
- Energy companies established in 1984
- Non-renewable resource companies established in 1984
- Companies listed on the Australian Securities Exchange
Investment and Partnerships
Senex Energy is investing heavily in Australia's energy security, with a $1 billion investment in the Senex Atlas gas expansion. This investment will triple Senex's production from 2022 levels, ensuring a steady supply of gas for Australian homes and businesses.
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The company is partnering with POSCO on this project, a significant move in a time when many companies are pulling out of large-scale investments in Australia. Australia's plentiful supply of resources hasn't translated to a corresponding increase in investment, thanks in part to government policies.
Senex's investment will have a major impact on the country's energy landscape, providing essential gas for making fertilizers and powering homes and businesses.
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Environmental Impact
Senex Energy's track record on climate change is concerning. The company's auditors declared they did not consider climate risk as a financial risk as recently as 2016.
This lack of consideration is alarming, especially given the growing importance of climate change in the business world. Senex's board still hadn't taken action on climate risk by 2017.
The company's stance on climate change targets is also disappointing. Senex has shown no significant change in its approach to measuring the financial risk of climate change over the past three years.
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Community Benefits
Senex Energy's $1 billion expansion project is expected to create more than 900 Queensland jobs, including 200 ongoing jobs.
These jobs will have a significant impact on local communities, providing a boost to the regional economy.
The project will also inject more than $200 million into local businesses and communities.
Senex's CEO, Ian Davies, highlights the long-term benefits of the project, stating that the royalties delivered through this multi-decade investment will fund hospitals, roads, emergency services, and more.
The project will drive a significant boost in natural gas supply for Australia, demonstrating Queensland's continued commitment to supporting the east coast's energy needs.
Here are some key community benefits of the Senex Energy expansion:
- 900+ new jobs created in Queensland
- 200 ongoing, highly-skilled jobs
- $200 million injected into local businesses and communities
- Long-term royalties funding essential services like hospitals and roads
Frequently Asked Questions
What is the share price of Senex Energy?
The current share price of Senex Energy is 4.600. Check our latest updates for the most recent market trends and analysis.
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