The Australian stock market has shed more than $100 billion as it sinks to its lowest level in over a year, following US markets lower after a rise in the number of coronavirus cases.
Origin Energy has raised its full-year output guidance for its Australia Pacific LNG project, the biggest producer of liquefied natural gas in eastern Australia.
Monadelphous has announced about $150 million of new contracts in Western Australia and Queensland, less than a week after it won a big contract on Rio Tinto's West Angelas iron ore mine in the Pilbara.
Electricity and gas retailer Origin Energy has posted a 53 per cent rise in third-quarter gas production revenue from its stake in Australia Pacific LNG, driven by higher oil prices.
Australia's biggest power producer, AGL Energy, has eased out chief executive Andy Vesey and is seeking a new leader at a time when it faces government pressure to slash energy bills and shore up a shaky grid.
Origin Energy has more than doubled underlying profit on the back of improved performance in its retail and gas production operations, and signalled a return to dividend payouts in the current financial year.
Securing union support for his bid to introduce competition into the local electricity retailing market will be a major test of Ben Wyatt's political and negotiating skills.
BN 25th Anniversary series- WA has been slow to introduce private ownership to some state industries, although a series of moves during the Court era generated benefits, according to one prominent WA economist.
An east coast energy retailer backed by a French multinational will become the fifth player selling to consumers in the local gas market, after receiving approval by the Economic Regulation Authority today.
Sydney-based energy supplier AGL Energy has secured 7,000 customers in Western Australia since its July 2017 local launch, according to the company's half-yearly report.
Sydney-based gas company AWE has upgraded its Waitsia 2P reserves by 80 per cent, now ranking it in the top five largest gas fields ever discovered onshore in Australia.
The Australian share market has come under pressure in early trade as investors take cues from a weak close on Wall Street on Friday and a lack of local drivers.
Sydney-based energy provider Origin Energy will launch in the Western Australian retail gas market today, 10 months after Business News revealed the company would be the fourth business to supply domestic gas in the state.
Kerry Stokes-backed Beach Energy has agreed to buy Origin Energy's conventional oil and gas business Lattice Energy, which has a major stake in two operations in the Perth Basin, for nearly $1.6 billion.
Sydney-based gas producer AWE plans to upgrade its resource estimate for the Waitsia gas field in the Perth Basin in coming months after a recent drilling campaign showed the field extends further eastward than initially thought.
SPECIAL REPORT: As WA households benefit from increased competition in gas retailing, the electricity sector wants to be able to compete with Synergy in providing to small customers, with some industry members calling for a reduction in the contestability threshold to 20 megawatt hours.
Oil and gas producer Santos will book an impairment charge of $US690 million ($A877 million) in its half-year results due next week after lowering its oil price forecasts.
Origin Energy has flagged a second-half $1.2 billion hit to its full-year results, largely relating to an impairment in its Australia Pacific LNG interest.
Origin Energy has lifted full-year oil and gas production by 40 per cent to 323 petajoules, helped by the ramp-up of operations at its Australia Pacific liquefied natural gas project and better-than-expected output from its conventional oil and gas business.
Sydney-based AGL made its long-awaited entry to the Perth gas market this week, with price cuts and a range of customer incentives underpinning the company's offering as the sector's newest player in the domestic gas sector.
East coast-based companies AGL Energy and Origin Energy have received approval to enter Western Australia's domestic gas market, where they will join Wesfarmers subsidiary Kleenheat and Alinta Energy.
Origin Energy has sold its under-development Darling Downs solar farm in Queensland to gas pipelines operator APA Group, but will buy all the electricity generated by the project until 2030.
Mining services company Ausdrill has expanded its partnership with Hockey Australia, while AGL Energy has sponsored the West Coast Eagles as it seeks to lift its profile ahead of its planned entry to the Western Australian gas market.
Major gas exporters on the east coast have promised to ensure higher domestic supplies, but the industry has slammed the federal government's new restrictions on gas exports.
Oil and gas explorer Transerv Energy is back looking for opportunities overseas after failing to achieve commercial success in Australia, announcing today a $4.9 million farm-in agreement over a producing operation in Canada.
Origin Energy has flagged a hit to profitability a day ahead of its half-year earnings, announcing it will take a $1.9 billion impairment charge against the value of some of its major assets, including the Australia Pacific LNG project and its Browse Basin gas fields.
Sydney-based AGL Energy has said it would lose around $15 million in a bid to enter the Western Australian domestic gas market in the 2018 financial year, after it lodged a retailing application with the state's Economic Regulatory Authority.
Perth's domestic gas users could have a choice between four retailers by July next year, with Sydney-based utility Origin Energy putting forward an application to the Economic Regulation Authority to enter the market.
Certainty around the state's domestic gas supply received a boost today, with the Chevron-led Gorgon project delivering first domgas to Synergy and AWE taking the next step towards the development of stage two at the Waitsia gas field.
Shares in oil and gas explorer Transerv Energy tumbled today as managing director Stephen Keenihan announced his resignation in the wake of news yesterday that the company's proposal to acquire assets owned by Origin Energy had been terminated.
The Australian share market lost its early morning gains to close at its lowest level since July on concerns about future stimulus programs by central banks.
