Plans to invest in LNG import terminals and boost exploration on the east coast could be jeopardised by a shock intervention in gas markets, Woodside Energy has warned.
A plan promising a cap on gas and coal prices, potential subsidies for miners, and $1.5 billion for households, has been labelled a “radical intervention” by industry.
The board is set for Gina Rinehart’s Hancock Energy to take control of Perth Basin desirable Warrego Energy after Kerry Stokes-backed Beach Energy declined to match a $342 million cash offer.
Strike Energy has muscled back in amid the fight for ownership of its joint venture partner Warrego, lifting its stake in the target to 19.9 per cent to become its biggest shareholder.
Warrego Energy shares are continuing skyward as investors wait to see whether Stokes-backed Beach Energy will match rival bidder Gina Rinehart’s $350 million cash offer for the Perth Basin developer.
Santos is holding firm on delivering first gas from Barossa in 2025 despite losing its fight to keep a key approval for the $US4.7 billion operation in a ruling that could have major ramifications for new projects.
Gina Rinehart's Hancock Prospecting could help solve a looming WA gas shortage, pledging to boost Perth Basin investment as it becomes the third company chasing Warrego Energy.
Underwater technology company Blue Ocean Monitoring has cited success in a recent seismic testing trial at its joint venture with major petroleum players as a big step towards an IPO next year.
AusGroup’s Australian businesses will likely be sold after the contractor’s Singaporean parent entered restructuring, but the company has promised no disruption to local operations.
Chevron Australia boss Mark Hatfield said he is determined to improve the company’s workplace culture after a report found nearly half of staff had been bullied.
Santos has been forced to temporarily shut down the John Brookes offshore platform in the Carnarvon Basin after finding a gas leak on the main pipeline.
Woodside Energy has failed to stop a Fair Work Commission hearing over an enterprise agreement for its North West Shelf workers after a court dismissed its application for injunction.
A legal fight between oil and gas giant Woodside and the Australian Workers’ Union continues as an enterprise agreement for North West Shelf offshore workers remains in limbo.
Qteq executive chair Simon Ashton is suing his former WellDog colleagues, claiming they contributed to the company's insolvency by failing to repay millions of dollars.
Eni is pushing to throw a veil of secrecy over its legal tussle with the Northern Territory government, as the pair bicker over who should foot the bill for the ongoing gas supply stoush.
The market celebrated another strong quarter from Woodside Energy, while fellow oil and gas player Santos has trimmed expected major project spending after drilling was halted at Barossa.
Global gas prices are tipped to surge by more than 50 per cent as Europe weans itself off Russian gas, with Australian producers in line to ship more LNG.
The state’s environmental regulator wants Chevron’s Gorgon LNG plant to hit net zero by 2050, and to offset any reservoir emissions that are not captured and stored underground.
The Northern Territory government’s lawsuit against energy giant Eni has been put on ice, with the pair sent for private peace talks to resolve their ongoing gas supply stoush.
The gas industry is predicting a tripling in its bill for tax and royalties after windfall profits brought on by high prices prompted by the war in Ukraine.
The Australian Government has agreed to provide a third loan to support the giant Perdaman urea project in the Pilbara, taking its total commitment to $475 million.
Santos will appeal a shock court decision to scrap a key approval for the Barossa gas project, and called for urgent action to avoid investment risk flowing to projects across the country.
