NewsBite

Energy

April

Origin Energy chief executive Frank Calabria.

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.

An LNG export terminal in Louisiana. The area has several major gas developments, with Woodside the latest to proceed with a plant.

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.

Meg O’Neill is making a bold bet at a very tricky time.

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 and zelensky

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.

A hybrid car at a charging station.

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.

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Queensland Premier David Crisafulli.

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’s Louisiana LNG site.

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.

Liontown Resources’ Kathleen Valley lithium mine, for which Zenith built a hybrid offsite plant.

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.

Audacia pipeline vessel owned by Allseas, used on Santos’ Barossa gas project

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.

Liontown Resources’ Kathleen Valley lithium mine, for which Zenith built a hybrid offsite plant.

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.

The Mount Arthur coal mine.

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.

The first stage of Mike Cannon-Brookes’ SunCable project has been given environmental approval by the Albanese government.The first stage of Mike Cannon-Brookes’ SunCable project has been given environmental approval by the Albanese government.

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.

The offshore wind industry will require significant supporting infrastructure for transporting and installing large turbines.

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.

Kevin Gallagher at the AGM on Thursday.

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.

Opposition leader Peter Dutton visited BlueScope Steel in Erskine Park in the division of McMahon.

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.

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Australia is in the early stages of a wave of construction of new transmission.

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.

Analysts are totting up the impact of lower oil prices on Australian producers.

‘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 says it can now proceed “at pace” towards a final investment decision this quarter on the Louisiana LNG export terminal on the US Gulf Coast.

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 Meg O’Neil in Melbourne on Thursday for a sustainability briefing.

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.

Opposition resources spokeswoman Susan McDonald at the Australian Domestic Gas Outlook conference on Wednesday.

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.

Beach Energy’s Brett Woods at the Australian Domestic Gas Outlook conference in Sydney.

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.

Korea and Malaysia have invested about $14 billion in Santos’ GLNG export venture.

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

Simone and Matt Rennie of Rennie Advisory last year.

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.

tephen Panizza, co-founder and head of renewables Federation Asset Management.

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.

Original URL: https://www.afr.com/companies/energy