News Articles for Senex Energy

A proposal by Gina Rinehart-backed Senex Energy to develop and run as many as 151 new coal seam gas wells in Queensland was ticked off by the federal government this week.

The gas industry is accusing the federal government of "deliberate demand destruction" that is making the gas supply shock worse for households and industry.

Senex Energy's $1 billion Atlas gas development has moved to the next stage of approvals as the company reconsiders expansion plans following major government intervention in gas markets.

Hancock Group has been cleared to proceed with its largest investment into the energy sector after the federal court approved its joint bid with POSCO to acquire Senex Energy.

Senex Energy has recommended shareholders back South Korean steel manufacturer Posco's $852 million takeover offer, with Gina Rinehart's Hancock Energy potentially investing.

Buru Energy has beefed up its board ahead of its big 2021 energy exploration push with its newly minted partner, Origin Energy, as it seeks to flex its muscles further in WA's hydrocarbon-rich Canning Basin. Respected, long-serving non-executive director Eve Howell will retire and three new non-executives will join the board as Buru gears up for 2021.

Brisbane-headquartered Senex Energy will exit South Australia's Cooper Basin after more than 20 years, with its assets to be sold to Beach Energy for $87.5 million.

Oilex has signed a binding agreement with ASX-listed Armour Energy for the sale of its interests in the Cooper-Eromanga Basin in Queensland.

A summary of last week's smaller deals that did not get included in our daily news coverage.

Senex Energy says it will vigorously dispute a $6.7 million compensation claim served by Ausdrill for a drilling contract terminated last year.

Following the money is always the best way to see what interests a rich man because it tells you two things – what he likes as an investment for future growth, and what he sees as having reached the limits of growth.

Ausdrill subsidiary Energy Drilling Australia has secured a contract extension of undisclosed value with Strike Energy for a three-month drill campaign in the Cooper Basin.