Stocks to rise but investors still wary
The ASX is poised to open marginally higher when trading resumes on Tuesday, though investors remain wary as they await data expected to shape Australia’s monetary policy.
The ASX is poised to open marginally higher when trading resumes on Tuesday, though investors remain wary as they await data expected to shape Australia’s monetary policy.
A rule change will see two diesel generators used to prop up the South Australia grid as the state struggles to reconcile renewables with ensuring grid security.
The global surge in solar power will end in 2025 as less ambitious climate action results in growth in the number of installed PV cells stalling, energy group Wood Mackenzie has predicted.
The energy group, led by Kevin Gallagher, expects production to jump next year as a major growth project comes online.
The Mike Cannon-Brookes-backed SunCable undersea energy delivery project has named a former Origin executive to take on the role of CEO.
Woodside has paused work on a large-scale hydrogen development and a solar project as it moves to prioritise high value core assets – most notably a significant expansion of LNG.
The Albanese government has raised the prospect of working more closely with Democrat-controlled states in the US on climate change initiatives.
A deferred decision whether to proceed with the Dorado oil development in WA is likely to please shareholders who have pushed for Santos to trim capital expenditure.
A Shell and PetroChina joint venture is about to start drilling hundreds of new wells at its Surat Gas Project in Queensland, adding a total of 450 to the 275 it has online.
Recent coal power outages have lifted wholesale electricity contracts which could flow through to bills, in a move that would hit households but boost AGL and Origin.
Original URL: https://www.theaustralian.com.au/author/colin-packham/page/3