This Month
Worley expects profit boost from Trump energy policies
The engineering group’s shares jumped 11 per cent after it announced a $500 million share buyback and said it would benefit from a resurgence in fossil fuel projects.
Petrol station owner Viva Energy smashed as 2025 outlook disappoints
The owner of the Shell-branded network has suffered a heavy sell-off in its shares after underwhelming analysts with its guidance.
Woodside laments NW Shelf future under minority government ‘nightmare’
Meg O’Neill said consumers would suffer if the Greens and teals demand the North West Shelf gas venture closes in 2030 as a condition for supporting a minority Labor government.
Ampol says transition ‘challenging’ as fuel demand hits record
Slow grid connections are delaying the rollout of EV charging sites, says CEO Matt Halliday, after the fuels supplier posted a slump in full-year profit.
Santos CEO urges government action to clear path for Narrabri gas
The plea comes after energy ministers tasked department officials to advise on how to tackle the escalating gas supply crisis in the south-eastern states.
Woodside shares hit amid worries on costs, dividends
Guidance provided by the oil and gas producer on field restoration costs also was much higher than anticipated, one analyst said.
Chevron to slash 20pc of global work force in cost-cutting push
The US oil giant’s plans could affect as many as 9000 employees, as it targets as much as $4.8 billion of structural cost reductions by 2026.
Oil demand to remain at current levels until at least 2040, Vitol says
The world’s largest independent energy trader is more bullish on oil use for the next 15 years than the International Energy Agency.
January
Trump slams Europe, threatens ‘trillions’ in tariffs
The president lambasted Canada’s trade surplus with the US and also fired a verbal volley at the European Union’s restrictions on his country.
Woodside joins backdown on some clean energy projects
The move mirrors an industry pullback from marginal green investments that has grown over the past several months and been reinforced by Trump 2.0.
Has China already reached peak oil?
The country’s demand for crude seems to be plateauing sooner than expected. The implications are huge
Oil sanctions send a jolt through the energy market
This year was earmarked as soft for the energy sector, but a sudden package of US sanctions on Russia has made the outlook much more complicated.
Exxon accuses Forrest-linked charity of helping billionaire’s interests
The oil and gas giant has described philanthropic organisations connected to the businessman as “corrupting influence of foreign money”. They deny those claims.
December 2024
Woodside, Chevron in WA LNG shake-up
A deal between the pair should pave the way for more gas supplies to flow into the North West Shelf, while supporting dividend payouts to Woodside shareholders.
The oil trader, the alleged con and the crushing sanctions that followed
Niels Troost and one of his directors are the only two Europeans who have been sanctioned for dealing Russian oil. He says he was duped in an elaborate con.
OPEC+ delays oil output hike until April, extends cuts into 2026
The cartel’s earlier plan to start unwinding cuts from October this year has been thwarted by a slowdown in global demand and rising output outside the group.
November 2024
As Ukraine crisis worsens, big oil and gas see rising share prices
Two major oil benchmarks rose 6 per cent last week, and are expected to continue climbing amid fears the conflict with Russia will intensify.
Santos swears it will end the boom and bust years
It’s one thing to preach discipline, it’s another to practice it.
Trump’s new energy secretary linked to Beetaloo Basin gas project
Chris Wright’s Liberty Energy is behind the fracking fleet used for extraction from developing fields in the Northern Territory.
Petro Australis Energy books non-deal roadshow for 2025 IPO
Petro Australis’s IPO preps come after the company raised $24 million by selling 25 per cent at an $84 million post-money valuation in June.