This Month
Carnarvon poised to take major stake in WA junior Strike Energy
The deal, expected this week, would provide funding that it can use to advance its gas exploration and power generation ambitions in Western Australia.
Can Meg O’Neill deliver Woodside’s $100b gamble?
The ambitious chief executive is on the front line of the climate change wars. And she has big plans to turn the local LNG giant into a global powerhouse.
Santos’ $6.1b gas project on track as investors await bid news
The oil and gas company, which is the subject of a $36.4 billion takeover bid, has lowered its expected output for the year.
Santos bidders run ruler over billion-dollar rehabilitation costs
The oil and gas giant’s liabilities for the removal of disused wells, pipelines and other heavy equipment is already $6.3 billion. But it could be a lot higher.
Oil rises on speculation Trump plans to sanction Russian crude
US sanctions could be announced early next week as Trump signals an increasing frustration with Putin’s refusal to end his war against Ukraine.
Everything you need to know about Santos’ deep-pocketed suitor
As shareholders wait to see if Treasurer Jim Chalmers will bless the $36 billion takeover, here’s all you need to know about the lead player, XRG.
The key to Middle East peace
Readers’ letters on a two-state solution in the Middle East, Albanese’s lack of meetings with Trump, efficient courts, gender quotas in the Liberal Party, CBA’s relationship with NPS and Australia’s fuel security.
June
When did oil reach its highest ever price? Find out in our weekly quiz
Have you been paying attention this week? Test your knowledge across politics, business and world news.
BP shares surge on report of takeover talks with Shell
The deal would be among the largest in European history, creating for the first time an oil major that could challenge industry leaders Exxon Mobil and Chevron.
Trump baffles with sudden U-turn on China buying Iranian oil
Analysts said the US president appeared to be “throwing a bone” to China as the administration tries to hammer out a new trade framework with Beijing.
How the oil price became ‘desensitised’ to Middle East flare-ups
The conflict between Israel and Iran sparked wild swings in the world’s most traded commodity but prices never came close to the heights of previous crises.
Want to stop high energy prices? End addiction to imported oil
The escalating conflict in the Middle East could have dire consequences for global energy markets and the economies dependent on imports – like Australia.
Two ‘pain’ trades for markets from Iran will surprise you
Markets are calm as investors await more detail on Iran’s likely retaliation to US attacks. But there are pockets of the market that need to be watched closely.
Traders pile into commodity markets as returns rival 2022 boom
The US bombing of nuclear sites in Iran has turbocharged a rally in energy prices, extending the best returns for commodities since Russia’s invasion of Ukraine.
Trump’s attack on Iran could wipe up to 10pc off equity markets
The White House’s decision to join the attack on Iran will rattle markets. The scale of the damage depends almost entirely on Iran’s next move, not America’s.
Global protection products manufacturer taps brokers for $500m IPO
United Kingdom-headquartered AIS is seeking institutional investor support for its initial public offering, signing on with Henslow and Morgans.
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.
Two oil tankers collide and catch fire near Strait of Hormuz
The incident adds to anxiety around the crucial shipping route as Iran and Israel hit each other with missiles.
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.
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.