Yesterday
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.
Major Santos shareholder L1 Capital backs $36b takeover
L1 Capital has delved into the problem of how to unlock value from Santos for years, so it’s telling that it supports the giant bid from Abu Dhabi Inc.
This Month
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.
Environmentalists launch suit to quash North West Shelf approval
A rock art preservation group backed by the Holmes à Court family matriarch has launched a challenge to overturn WA approval of Woodside’s North West Shelf extension.
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.
Australia’s biggest piece of M&A bait catches its dream deal
A trifecta of bids from a trifecta of buyers. Welcome to Santos’ unique world.
Santos’ $36b mega-deal creates a mega-test for Jim Chalmers
The company has landed the largest ever cash deal in the global energy sector. The only problem is getting the bid past the FIRB and the treasurer.
Woodside accuses US government of ‘bad faith’ royalty grab
A lawsuit accuses department staff of sharing jokes on email about how they were going to make oil and gas companies pay more.
Gas giants say they can get Asia off coal – and reduce emissions
New research suggests replacing coal power with Australian gas could deliver cost-effective emissions reductions in Asia.
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.
Woodside seeks more time on North West Shelf response
A deadline for the gas giant to respond to the government’s conditional approval of the mammoth North West Shelf gas facility is about to run out.
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.
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.
Australians are upset about gas prices. This chart shows why
Western Australia reserves a portion of its export gas for domestic use – and has some of the lowest prices in the world.
Labor is adrift on gas policy. Here’s why that’s bad
Without a clear strategy, Labor leaves the field open to those who insist we should stop all gas now, and those who argue that gas will be around for many decades yet.
AI drives surge in fossil fuel investment
The energy requirements of artificial intelligence technologies such as ChatGPT are increasing demand for gas-powered electricity generation, a new report says.
Albanese praises Western Australia’s gas reservation policy
The Albanese government will conduct a review energy policy including whether a portion of gas produced on the east coast should be reserved to avoid energy shortages.