This Month
Contrarian Barrenjoey says Santos’ $36b sale won’t hit FIRB barrier
The investment bank’s analysts told clients there was too much scepticism about the likelihood an Abu Dhabi-led consortium would be able to pull off the deal.
Gas import plan in limbo as states’ meeting delayed
A scheduled mid-July meeting of state and federal ministers to sign off on the plan to use imported LNG will no longer go ahead.
Former Santos chairmen warn gas giant’s suitors face FIRB wall
Peter Coates and Stephen Gerlach say it will be difficult to place weight on assurances from the Abu Dhabi-led consortium that it will keep investing locally.
AWU says Chalmers must put big conditions on $36b Santos takeover
The influential union wants the ASX-listed oil and gas producer’s Abu Dhabi suitor to sell more gas in Australia in exchange for foreign investment approval.
Will the third time be a charm for ADNOC’s $36b plans for Santos?
With advisers at ten paces, Project Emerald has been a complicated one to pull off. This is how the proposed takeover came together over months of discussions.
French energy giant backs multibillion-dollar NSW pumped hydro project
Government-owned EDF, better known for its large nuclear power fleet, is buying into an EnergyAustralia plant and wants to acquire more.
Bidder XRG says it wants ‘100pc’ of Santos amid break-up speculation
In an attempt to pre-empt Canberra’s concerns, the Middle Eastern-led bid group says it plans to invest in Santos’ domestic energy production.
Power price crackdown to aid households: Bowen
The system used to cap standing offer prices for household electricity isn’t working and will be overhauled, the energy minister says.
Energy security is driving Abu Dhabi’s tilt at overlooked Santos
The pull of LNG is proving strong in the Middle East, driving the surprise takeover bid for an Australian producer that others have looked at and left.
Market debates whether Abu Dhabi will help or hinder Santos’ ambitions
While some brokers said a well-funded backer would accelerate projects in Narrabri and Beetaloo, others are concerned they will suffer as focus drifts elsewhere.
Santos directors bought shares ahead of Abu Dhabi takeover bid
Four board members including the company’s chairman acquired the shares in March in the weeks before the first, unsuccessful takeover offer was tabled.
Abu Dhabi sets up test for Labor with $36b Santos takeover bid
But the offer for the ASX’s second-largest oil and gas producer has been met with a lukewarm reception from investors, who say the price could be higher.
Double-digit power price hikes coming just in time for winter
Retailers are telling customers they will be hit with increased electricity prices of up to 14 per cent – well above the rises in the regulated default market.
‘Bailing out bad decisions’: Queensland slams Victoria over gas supply
Any hopes of pulling more gas from the north was shot down by the Liberal-National government in Brisbane, which is fed up with southern energy policies.
Shell to sell WestWind stake, target new opportunities in wind
The multinational’s surprise move comes after strong growth in the wind development business, driven by the government’s 82 per cent renewables target.
Victoria uses 13pc of entire year’s gas budget in just three days
Breakdowns at a major coal power plant and weak renewable energy generation have left the state running down its stores faster than expected in a cold winter.
Runaway energy build-out costs threaten data centre opportunity
Australia’s hopes of an outsized share of the data centre market will come to nothing unless it can rein in the cost of the clean energy expansion.
Billions of dollars and plenty of jobs at stake in Labor’s gas plans
Long-suffering east coast gas users justifiably want access to more affordable supplies, but putting domestic needs ahead of exports would come at a big cost.
Outage at power station broadens Victoria’s energy crisis
The disruption at EnergyAustralia’s Yallourn coal power station comes as Victoria is already facing the risk of winter gas shortfalls on peak-demand days.
April
Victoria walks back timetable for key Gippsland wind infrastructure
In a delayed update, the state removed references to when a marine supply base was expected to be operational and dropped details of offtake contract auctions.