August 2024
Hancock’s Senex Energy loses long-time CEO post $1b expansion deal
Outgoing chief executive Ian Davies has told staff he will hand over to chief operating officer Darren Stevenson “in late 2024”.
June 2024
Labor delivers all-clear for $1b Rinehart-backed Senex gas project
The decision to grant environmental clearance for the Atlas development brings to an end an approvals process that has lasted almost two years.
February 2024
Senex Energy bankers up for Incitec’s fertiliser biz
Turns out Senex Energy is not alone as it keeps vigil over Incitec Pivot’s up-for-sale fertiliser business.
Senex covets Incitec’s fertiliser biz; board may opt for higher offer
Detractors point to a surge in Indonesia’s supply of nickel which has seen prices plunge, saying the state-owned company cannot be trusted to properly manage fertiliser supply.
August 2023
Greens, Coalition back Senate inquiry into gas price cap exemptions
Labor’s new code of conduct will “encourage new gas supplies even as the planet boils around us”, says Nick McKim.
July 2023
BlueScope signs gas deal with Senex subject to Labor approval
BlueScope and Senex say the 10-year gas supply deal would deliver manufacturing jobs in Port Kembla, but first needs an exemption under Labor’s code of conduct.
Gas code benefits questioned as sellers and buyers gripe
The government’s new gas pricing rules, to be finalised this week, have damaged investor sentiment and appear to have had minimal benefit for consumers.
April 2023
Origin Energy gas revenues rise 7pc
The result reflects a global energy crunch, but it will do little to dampen calls for the government to push through its aggressive intervention.
Small gas producers eye expansion as large projects shelved
Small gas developments are looking to capitalise on the fact that they will not face the same pressures as larger developments.
March 2023
Exxon warns of dwindling Bass Strait gas
One of Australia’s largest domestic gas producers says Bass Strait gas can no longer come to the rescue to cover plant outages, confirming risks of winter shortages.
February 2023
ACCC boss takes aim at ‘loyalty taxes’
ACCC Gina Cass Gottlieb voices concerns over banks imposing “loyalty taxes” on existing customers, in not passing on the full extent of Reserve Bank rates.
Market intel shows gas prices ‘reasonable’ ahead of Labor cap: Senex
In a damning submission, the producer sent Labor hard data showing gas buyers were not “under duress” in the lead up to December’s chaos-inducing intervention.
January 2023
Why power bills are still headed higher
The government is pressing ahead with market intervention to force down domestic energy prices, but costs will still rise sharply this year. The future is less clear.
December 2022
If gas investments made sense in 2021, they make sense in 2023: PM
Anthony Albanese rejected suggestions the stalling of Senex Energy’s $1 billion Atlas gas project in Queensland will stymie investment.
August 2022
Road to net zero passes through Australia’s gas fields
Labor gets it that gas is the global bridging fuel between coal and renewables. And markets are responding already.
Santos buys new pipeline to connect Narrabri gas project to grid
The Hunter Gas Pipeline will put its controversial project in northern NSW another step closer to fruition after a decade of delays.
March 2022
Rinehart and Korea’s Posco take over Senex Energy
A majority of shareholders approved the $900 million takeover of the east coast oil and gas company amid the global turmoil in energy markets.
Proxy firms clear Senex Energy bid, next stop meeting
East coast gas supplier Senex Energy appears one step closer to joining Posco’s portfolio with a raft of proxy advisers recommending clients vote in favour of a $4.60 a share takeover.
February 2022
All the profit results for February 21, 2022
Results briefing | News and analysis on today’s profit results from Adairs, Altium, Ampol, BlueScope, Chorus, Cooper Energy, Endeavour, GDI, Hansen, Helloworld, Latitude, Lendlease, Maca, NIB, Nuix, OZ Minerals, Reliance, SelfWealth, Senex, Silver Lake, Sonic Healthcare, Starpharma, Super Retail, Tyro, Viva. Find updated reports and analysis here.
POSCO takeover of Senex clears foreign investment board
Foreign Investment Review Board said it had “no objection” to POSCO’s $883.56 million takeover.