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.
- 1 hr 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
Greens’ gas demands would weaken Japan, former envoy claims
Japan would be weakened and Australia’s reputation shattered, if export gas was redirected for domestic use, says Shingo Yamagami.
- Phillip Coorey
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
- 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
- Updated
- Carbon challenge
Woodside’s $30b Browse LNG project faces EPA knockback threat
The recommendation is not final and could be reversed after further negotiations, but a final rejection would be a blow to Labor’s long-term gas strategy.
- Updated
- Ben Potter, Tom Rabe and Brad Thompson
July
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
- Opinion
- Opinion
We need to clear the runway for new gas supply
Growing acceptance from governments of the role of gas in the energy transition is yet to translate into actions to clear the backlog of projects stuck in regulatory approval purgatory.
- Samantha McCulloch
ASX to expand into carbon, gas futures trading in transition payday
The market operator expects to list a gas futures contract in August, and is working with the clean energy regulator on a market for carbon credits.
- Kylar Loussikian
- Opinion
- Letters to the Editor
Construction industry needs building code in addition to ABCC
Letters from readers on how to police the building industry; ambitious climate goals; the folly of nuclear power; and rising gas prices.
Cold snap confirms energy price surge, and need for gas and coal
Light winds through much of the June quarter drove a return to gas and coal power, and pushed up wholesale prices drastically in some states.
- Angela Macdonald-Smith
- Updated
- Woodside Energy Group
Woodside says investors back $1.4b US buy, but some have questions
Meg O’Neill says no investors have questioned investing in US LNG, but Aware Super queried the impact on climate targets and shares fell further on Tuesday.
- Updated
- Angela Macdonald-Smith
Putin’s growing LNG ‘dark fleet’ raises alarm
A mysterious buying spree of gas tankers has driven up the prices of older vessels as Moscow prepares for tighter trade restrictions.
- Shotaro Tani and Oliver Telling
New gas needed for energy transition, domestic supply: minister
The Albanese government has given the green light to gas exploration in the east and west coast. But safeguards have failed to placate green groups.
- Phillip Coorey
- Updated
- Mergers & acquisitions
Woodside splashes $1.35b in the US to become ‘global LNG powerhouse’
The acquisition of Tellurian will give the ASX-listed oil and gas company a foothold to develop exports in the booming US market for shipping natural gas.
- Updated
- Angela Macdonald-Smith
