(EnergyAsia, March 19 2014, Wednesday) — Australia’s oil and gas sectors experienced contrasting fortunes last year, with oil production plunging to a 43-year low while natural gas output surged to an all-time high. According to consultant EnergyQuest, the country’s oil production for 2013 plunged 18.6% to 71.9 million barrels or less than 197,000 b/d. This…

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