Yesterday
Woodside shrugs off investor backlash over climate inaction
Shareholders hit the oil and gas group with a protest vote after accusing the board of dragging its heels on environmental action.
April
Origin makes further $175m payment for wind farm, as LNG revenues slump
Investors and analysts are looking beyond falling revenue from Origin’s stake in Australian Pacific LNG to its renewable energy and Octopus investments.
Woodside to join ranks of global gas giants with $27b green light
The ASX-listed developer’s board has agreed to proceed with a major project in Louisiana that could mean it produces more than 5 per cent of the world’s LNG.
This $27b megadeal is a sign of these dangerous times
Woodside’s big bet on American LNG speaks of the shifts unleashed by Trump, the stalled energy transition and Australia’s inability to get out of its own way.
Trump’s plan to seize Ukraine’s minerals is a strategic debacle
The West just has to wait a little, tighten the screws at the right moment, and Putin will be forced to the table on our terms. Instead, Trump offers him a real estate joint venture.
BlackRock-backed JOLT Charge seeks fresh funds; taps Highbury
The new deal is expected to value JOLT at about $300 million, and comes as it approaches the end of a $100 million investment made by BlackRock in 2021.
Heat on premier to end uranium ban
Many expected the return of a conservative government in Queensland would lift the uranium mining ban. But Premier David Crisafulli has other ideas.
Woodside eyes competitive edge with US project
Woodside says its Louisiana gas project can defer tariffs under a US free trade zone, giving it a cost edge over US LNG competitors.
Zenith Energy’s hefty earnings forecasts revealed
Should Zenith hit the $270 million forecast, it would imply a growth in capacity that could rival QIC’s Pacific Energy which has grown to 933 megawatts.
Santos gets the final green light for $5.8b Barossa gas project
The company intends to begin full production at the development, in the Timor Sea near Darwin, within months after its processing vessel was approved for use.
Zenith Energy down to three suitors; Morrison bows out
Gone from the scene is Trans-Tasman investor Morrison and bid-adviser JPMorgan, as well as the likes of Morgan Stanley Infrastructure Partners and BlackRock.
NSW backs BHP’s early coal mine closure
Decades of coal production will be kept in the ground after the NSW government backed BHP’s plan to shut a mine early and convert to clean energy generation.
Mike Cannon-Brookes needs $157m for SunCable; flyer hits inboxes
Australia-Asia Power Link is SunCable’s flagship project to harness and dispatch solar energy from solar farms in the Northern Territory to Darwin and via a submarine cable to Singapore.
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.
Santos CEO says he’s not going anywhere, hits out at politicians
Kevin Gallagher has denied that he is about to step down after nine years of leading Santos, and has attacked politicians over the handling of the energy transition.
No extra gas for domestic market under Dutton plan: industry
The sector has changed its criticism of the Coalition’s energy policy from complaining it would create a glut, to arguing it would create a shortfall.
Tariff war compounds fear over transmission cost blowouts
Evidence is clear that big energy projects are already costing more and more, and the breakdown of global trade will worsen it. But there is a silver lining.
‘Double whammy’ hits oil companies on price rout
A 15 per cent slump in crude prices since Wednesday has triggered a brutal sharemarket sell-off, putting producers on high alert and making investors nervous.
Woodside sells stake in Louisiana LNG export terminal in $9.5b deal
New York-based private investor Stonepeak will buy 40 per cent of the project and contribute $US5.7 billion to building the export facility.
Woodside CEO: too expensive to make deep cuts to carbon emissions
Meg O’Neill said investments in carbon capture to cut emissions at LNG plants were still $US200-$US500 a tonne, too high to be worthwhile for shareholders.
Gas to qualify as ‘critical mineral’ under Coalition
Natural gas would rank alongside lithium in being eligible for funding from the $4 billion critical minerals facility, shadow resources minister Susan McDonald said.
Gas policy ‘taken over by activists’: Beach CEO
Brett Woods also took aim at politicians opposing local gas supply projects that are forcing the industry towards more emissions intensive and expensive imports.
Korean giant strikes out at gas intervention
Kogas has questioned whether it can still rely on its contracts to buy Australian LNG, given mounting government intervention in the domestic gas market.
March
Pemba Capital-backed Rennie Advisory hits the acquisition trail
People briefed on the deliberations described the pool of money that the firm wanted to spend as in the “tens of millions” over at least two deals this year.