Today’s release of the Resources and Energy Quarterly March 2020 reaffirms the important role the resources sector, including the Australian oil and gas industry, plays in keeping the economy strong and resilient in the face of significant social, health and economic disruptions like the COVID-19 pandemic.
According to the Department of Industry, Science, Energy and Resources, the value of Australia’s resources and energy export earnings are forecast to set a record $299 billion in 2019-20, up from $281 billion in 2018-19.
APPEA Chief Executive Andrew McConville said the data reminded Australians of the critical contribution of our oil and gas industry.
Northbridge Industrial Services plc (LON:NBI) hires and sells specialist industrial equipment to a non-cyclical customer base. With offices or agents in the UK, US, Dubai, Belgium, Germany, France, Australia, Singapore, New Zealand, Brazil and Korea, Northbridge has a global customer base.