This Month
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.
Federation plots a path from asset manager to batteries developer
The investment firm is launching a multi-billion dollar platform that will specialise building and operating large, long-duration storage.
Record winter gas shortfall is coming: ACCC
Ensuring Queensland’s LNG exporters divert unsold gas to the local market will be critical to avoid supply shocks, the watchdog said.
Asia’s hydrogen hopes in Australia suffer another blow
Korea’s largest electric utility has failed to secure funding from the federal government’s Hydrogen Headstart for a project in Newcastle.
Succession question swirls around Santos chief executive
Kevin Gallagher will mark a decade at the oil group next year and analysts, fund managers and a proxy adviser want answers on who will eventually replace him.
Gas producers wary of plan to reserve domestic supplies
Any plan to reserve gas would do little to avert a shortage threatening south-east Australia later this decade, industry executives say.
Victorian energy shortage fears drive $400m investment in gas venture
Buyer interest and higher prices provide confidence in what is the largest new project in the south-east, said Amplitude Energy chief executive Jane Norman.
Brookfield defies Trump pushback on energy transition
Brookfield, the largest owner-operator of renewables generation in Australia, says global green energy investment is unstoppable despite the return of Trump.
Winter gas threat pushed out but shortages loom
The energy market operator expects winter gas shortages to hit Victoria in 2028 and predicts a serious energy shock without new investment. Queensland says it will keep coal-fired power stations open longer.
Edify Energy seeks buyer for $3b green pipeline; Lazard hired
The arrival of Lazard dealmakers at Edify comes just days after it struck a deal with Rio Tinto that should underpin $2 billion of investment in solar farms and batteries in central Queensland.
Victoria’s energy challenge explained (in 7 charts)
The state has been powered by vast reserves of cheap oil, gas and brown coal. But it faces blackouts in coming years – here’s how that happened.
Looming threat to curb Queensland LNG exports spurs new drilling
The concern among Queensland’s LNG exporters about a crackdown on Asian sales contract renewals is pushing them to drill for new gas to supply domestic customers.
Transgrid seeks government support for vital $700m grid investment
Transgrid CEO Brett Redman says the company needs NSW government and regulatory support to proceed with investments without blowing-up its credit rating.
Forrest’s Squadron takes swing at APA in secret ministerial submission
In a secret ministerial submission, Squadron complained that APA is creating a false sense of security amid plans for LNG gas to be imported to the south-east.
Rio Tinto solar, battery deal in Queensland to spur $2b investment
Edify Energy will build two large integrated solar and battery systems to supply Rio Tinto’s aluminium operations in the Gladstone region.
Activist shareholder group to reject Woodside directors at AGM
Former Shell Australia chair Ann Pickard and ex-WA treasurer Ben Wyatt are among the directors being opposed for re-election due to climate risks and poor returns.