The GAS and ENERGY sector has made a mad rush for growth in the Australian economy and the main benefactors are going to be the Australian economy
GAS AND ENERGY SECTOR POISED FOR GROWTH
With many big mergers with the likes of British gas , and more mergers with SA energy drilling companies and now the biggest Energy project GORGON poised to go ahead in WA , Australia will be reaping the rewards for long time to come.
Both gas and electricity transmission are recording unprecedented levels of capital expenditure under the regulatory regime and those who do make these investments are out performing other sectors of the economy
Our second biggest energy explorer woodside petroluem has also been expanding capacity. Woodside Petroleum Ltd, Australia's No.2 oil and gas producer, is looking to add four extra production trains at its Pluto gas project, more than earlier planned, to tap growing gas demand in the Asian Pacific region.
Woodside had previously given plans for up to three trains at the $12 billion Pluto project, on the northwest coast of Australia, with one unit with an annual capacity of 4.3 million tonnes currently under construction. First gas production is scheduled for 2010.
ENERGY SECTOR STOCKS Poised to benefit
With the expansion and growth of the energy sector , there will be certain companies well positioned to benefit from this growth . With the new Gorgon project and other energy projects which are mainly offshore and gas drilling related Worley parsons (WOR), Neptune marine services (NMS) , Mermaid marine services who specialize in thie field are poised to grow with the growth in the energy sector
NMS - Neptune Marine Services Ltd (ASX) - stock price 0.80
Neptune Marine Services Limited (Neptune) is engaged in providing integrated engineering solutions to the international oil and gas, marine and renewable energy industries.
The Company’s suite of engineering services includes subsea and pipeline engineering; commercial diving; specialist fabrication; inspection, repair and maintenance; pipeline stabilisation and grouting; subsea consultancy; remotely operated vehicle (ROV) and vessel supply
Worleyparsons Limited – $ 28.55
(Public, ASX:WOR) Watch this stock
WorleyParsons Limited (WorleyParsons) provides professional services through alliance and integrated service contracts to the energy, resource and complex process industries.
The Company provides its services to industrial sectors such as oil and gas refining, petrochemicals and chemicals, minerals and metals, power and water and industrial and infrastructure.
MERMAID MARINE AUSTRALIA LIMITED (MRM) -
Stock price MRM - 2.860
Mermaid Marine Australia Limited (MRM) is Australia's largest marine services provider to the offshore oil and gas industry.
The company has a range of supply bases and modern offshore vessels to provide clients with marine logistics services throughout all phases of the offshore and gas development cycle. There are two main operating divisions, Vessel Operations and Supply Base Operations.