Today
Beach shares plummet as new gas field reserves slashed
The downgrade of the size of the Enterprise gas field in Victoria has shaken the market, with analysts worried about other new projects.
- 49 mins ago
- Angela Macdonald-Smith
Shell, PetroChina to expand massive Surat coal seam gas project
The investment, expected to cost billions of dollars, will supply export customers and the domestic market, where regulators have warned of looming shortages.
- Angela Macdonald-Smith
Yesterday
Project blowout worries cast shadow over energy profits season
Even oil and gas producers regarded as a relatively safe bet on earnings may yield some unpleasant surprises, analysts say. A higher global gas price may help.
- Angela Macdonald-Smith
This Month
- Exclusive
- Energy security
Vales Point coal plant owner eyes gas plant, batteries
Delta joins Squadron Energy and others in studying potential investments in new gas power plants to support the transitioning electricity system.
- Angela Macdonald-Smith
Energy needs count, WA warns EPA on gas approvals
Governments cannot throw economic and energy security out the door in favour of environmental factors when assessing gas projects, the WA treasurer says.
- Tom Rabe and Angela Macdonald-Smith
Billionaires fund Santos’ bête noire
Gas circles have long pondered the possible connection of Fortescue founder Andrew Forrest to a case against the gas giant. But he’s not involved.
- Updated
- Myriam Robin
- Opinion
- Chanticleer
Investors are developing a ‘dirty’ little secret
Glencore’s decision to keep its energy coal business is part of a broader push back against climate-related strategy shifts by big emitters.
- James Thomson
Woodside punished as investors query ‘marginal’ green projects
The oil and gas producer had almost $2.6 billion wiped off its market value as investors struggled to accept projected returns on a large US acquisition.
- Updated
- Angela Macdonald-Smith
Closing Eraring would have driven up power bills: research
Electricity prices would be $55 a megawatt-hour higher if Origin were to close the coal power plant next year, the government was told.
- Angela Macdonald-Smith
- Opinion
- Chanticleer
Woodside’s new energy aspirations take $3.7b twist
While the likes of Air NZ drop climate targets, gas producer Woodside Energy is sticking to the scope three emissions goals that caused a storm in April.
- Anthony Macdonald
EnergyAustralia returns to profit as prices jump
After two June halves of heavy losses, EnergyAustralia has surged back into the black, buoyed by sharply higher wholesale prices when renewables fell short.
- Angela Macdonald-Smith
Woodside signs $3.7b deal to buy lower-carbon ammonia project
The acquisition of the gas-based ammonia project under construction in Texas is by far the biggest move by the producer into the “new energy” space.
- Angela Macdonald-Smith
Exclusive Subscriber Offer - Energy & Climate Summit 2024
Financial Review subscribers receive a 15% discount on in-person tickets to this event on October 21 & October 22, 2024.
Marinus Link makes billion-dollar cable commitment
The order should ensure the $3 billion-plus project to build a second power link to Tasmania starts up in 2030 when the energy market operator says it’s needed.
- Angela Macdonald-Smith
Energy and Climate Summit 2024
The Energy and Climate Summit addresses the big questions about the management and pace of the country’s energy transition and explores the opportunities it presents in our journey towards a low-carbon economy
From evangelist to pragmatist: Andrew Forrest’s green hydrogen pivot
This week on The Fin podcast, resources reporter Peter Ker on what this retreat means for the government’s green energy plans and Fortescue’s future.
- Updated
- Exclusive
- Energy prices
Humelink budget trimmed but cost worries persist
The energy regulator has disallowed about $314 million of costs to build the contentious transmission line from Transgrid’s original proposal.
- Angela Macdonald-Smith
Slim pickings for BlackRock’s equity partner hunt at Akaysha Energy
Deal was scuppered by the fact batteries are a fledgling sub-sector for even the most seasoned renewables dealmakers.
- Sarah Thompson, Kanika Sood and Emma Rapaport
July
Elecnor blames earnings slump on SA-NSW high-voltage cable project
EnergyConnect’s Spanish contractor has recorded a provision of $13.98 million for losses on its Australian projects in the six months to June 30.
- Jenny Wiggins and Angela Macdonald-Smith
Eraring output at five-year high as coal dependence persists
Origin Energy lifted provisions on plant sites by $235 million and warned of a big jump in coal costs for the generator.
- Angela Macdonald-Smith
