Forrest defends push to phase out diesel rebate scheme
Facing a storm of criticism over his push to wind back the $7.8bn diesel fuel rebate scheme, Andrew Forrest has come out swinging.
Mining Energy
Why BHP-Woodside deal is a plus for both
Both sets of shareholders will win from the merger of Woodside Petroleum with BHP’s oil and gas business and it is not just from synergies and cost savings from combining two head offices.
Woodside’s $16.5bn Scarborough deal under fire
Analysts raise concerns over the outlook for NW Shelf LNG exports and also question why Woodside Petroleum had not sold down equity in its Scarborough gas project.
Gina Rinehart’s Atlas Iron posts near $1bn profit
The scene is set for the miner to lodge the biggest private company profit in Australia, as Atlas profits soar on top of a recent bumper $4.4bn profit for her Roy Hill mine.
Microgrids can power transition to net zero
The major barriers to accelerating Australia’s transition to net zero carbon emissions are inconsistent renewable power generation and an outdated power grid.
‘Best day’ in Woodside history
Woodside Petroleum has agreed a $40bn merger with BHP Petroleum and will proceed with its giant Scarborough gas project off the coast of Western Australia.
Why you are paying $1.70 a litre for petrol
There are three things driving petrol prices higher and none of them are oil company greed or service station profiteering.
Forrest’s diesel rebate push faces backlash
Andrew Forrest lobbied in Glasgow to phase out the diesel fuel rebate but still received short shrift from mining and farming groups.
Texas oil man takes $20m stake in Beetaloo gas junior
One of the big winners in the US shale revolution – Texas oil man Bryan Sheffield – hopes to replicate that success in Australia, picking up a major stake in Tamboran Resources.
Shell and ICG win battle for Meridian
Shell and its consortium partner Infrastructure Capital Group have paid $729m for Meridian Energy’s Australian business.
Forrest bid to end diesel subsidy
Fortescue founder Andrew Forrest has privately lobbied government to phase out the multibillion-dollar diesel fuel subsidy and use the funds to support green energy.
Rethink on Reliance-Aramco tie-up
Indian conglomerate Reliance says the move stems from its greater push into new-energy and materials business.
Turmoil ahead of Oil Search exec’s exit
A meeting between Oil Search chairman Rick Lee and an executive concerned about bullying was cut short, according to sources. The executive, Ayten Saridas, has since quit.
Rinehart’s Roy Hill reveals $4.4bn profit
Gina Rinehart’s huge Pilbara operation has paid off $10bn in debt in five years and made massive profits for the mining magnate and her fellow owners.
Bob Brown slams Forrest’s hydrogen push
Andrew Forrest’s claim to be ‘saving the planet’ with green hydrogen is slapped down by the veteran conservationist`.
Market welcomes Klein’s latest Evolution
Evolution Mining’s shares jumped almost 10pc on the news of its $1bn deal with Glencore to seal full ownership of the Ernest Henry copper mine.
Shortage of miners ‘worst in 40 years’
The billionaire founder of West Australian iron ore miner Mineral Resources says the state’s skills shortage is the worst he has seen in his 40-year career.
Biden calls for probe into petrol price gouging
President cites ‘mounting evidence of anti-consumer behaviour’ by oil-and-gas companies.
Coal a big winner from EU gas crunch
Profit margins are far and away the highest they have been in years. Under Europe’s climate policies, this shouldn’t be happening.
Evolution cuts $1bn Glencore copper deal
Evolution Mining has added another 40,000 tonnes of copper production a year to its inventory as Glencore edges away from more Australian assets.
Original URL: https://www.theaustralian.com.au/business/mining-energy/page/194