AGL to be fined millions over compliance fail
Two separate power stations in NSW and Victoria are set to be fined millions after admitting they were not ready to supply power in an emergency.
Apa Group
Gas warning: energy transition delays inevitable
Australia will miss its energy transition targets and to mitigate the impact, officials must get on with approving new gas developments, APA chairman warns.
ASX at year low; Scyne returns 78 PwC staff
Bourse at year low. PwC spin-off hit by slump in new work. Billionaire miner Rinehart likely buying up Azure after SQM’s $1.6bn bid. First strikes at Woolworths, Whitehaven and APA. Luci Ellis tips Nov rate rise.
Brace for 1970s-style blackouts: ex-AGL boss
APA chair and former AGL boss Michael Fraser says a reality check is needed on energy, as Australia stumbles over its efforts to hit net zero targets by the end of the decade.
Gas the hero, not the villain, in green transition: APA
The boss of the infrastructure company that controls Australia’s biggest network of pipelines declares gas is not going the way of coal.
APA bets $1.8bn on decarbonising big mining
The gas infrastructure company is moving to diversify its earnings away from fossil fuels with a deal to buy Alinta’s WA assets.
ASX lifts; Platinum boss steps aside
Bourse hits four-day high. APA targets $675m raise. Domino’s rebounds to be top gainer. Woolworths dividend up. WiseTech drops on earnings miss. Iron ore boost for miners.
ASX ends flat, James Hardie up
Sharemarket ends flat as soft earnings reports undermine early gains. James Hardie soars on earning beat. Myer upgrades profit forecast.
Gas needed for decades to come: APA
Victoria has moved to curtail the use of gas, but APA boss Adam Watson said the fuel source has a long-term future and Australia should embrace its use to hasten the exit of coal.
New pipeline ‘can unlock’ WA gas market
APA Group has opened its 580km pipeline in Western Australia, which it says could unlock that state’s gas market.
Fortescue Metals interest wanes in Alinta process
APA Group looks poised to buy Alinta’s $1bn parcel of assets on offer after the Andrew Forrest-led Fortescue Metals is said to have taken its foot off the gas.
APA, Fortescue lead race as Alinta raises sale stakes
Alinta Energy is now understood to be set on selling all of the West Australian assets it has on offer, and the understanding is that offers have landed between $1bn and $1.5bn.
ASX ends at three-week low; energy hit
The ASX ended sharply lower. Stokes-backed BCI gets shareholder nod for $60m raise. Crown back pays $1.2m-plus to 200 staff. Economist Bill Evans tips ‘aggressive easing’ starting 2024.
Shortlist narrows for Alinta assets in WA
Macquarie Group, BP and APA Group are among the parties shortlisted for the West Australian assets of Alinta Energy, say sources, while Pacific Equity Partners is out of the race.
Pipe test success but hydrogen decades away
APA Group has proved existing pipelines can carry potentially corrosive hydrogen but its boss says commercial distribution is a long way away.
High stakes for APA Group in Alinta Energy auction
Analysts say that Alinta Energy’s assets for sale in north west Australia meets APA Group’s desire for transmission and remote energy.
Spark’s buyer list whittled down
Five parties are understood to have been short-listed to buy Spark Infrastructure’s renewable energy business.
APA boss warns of gas market uncertainty
Gas market uncertainty threatens to undermine the crucial element to Australia’s clean energy transition, according to APA Group boss Adam Watson.
Renewables assets spark APA Group interest
APA Group is believed to be showing interest in Spark Infrastructure’s renewable energy business which is up for sale.
New gas supplies key to price relief
APA Group’s new CEO says new gas supplies are the best way to keep prices down over the long-term, but is choosing not to weigh into the debate over price caps.
APA rejects calls to speed up energy transition
APA Group’s Michael Fraser has rejected calls to speed up Australia’s energy transition, arguing new natural gas supplies will be needed for decades to come.
APA seals $773m Basslink power cable deal
Gas pipeline operator APA Group is set to buy the undersea electricity cable connecting Victoria and Tasmania for $773m as it boosts its east coast exposure.
ASX falls; Adbri dives 22pc, iron ore miners drop
ASX ends down on broad losses. Core Lithium leads lithium rally, Adbri hammered on profit warnings, iron ore edges towards 12-month low and dollar could hit US58c.
APA Group named preferred bidder in Basslink contest
The interconnector comprises physical connection between Tasmania and Victoria for not just power, but internet services.
ASX drops 1.4pc; crude oil hits energy stocks
ASX hits seven-week low as materials and energy weigh. ResMed soars on high volume, New Hope shareholders in climate push, APA buys Basslink and Metcash sees sales jump.
APA points to $1.4bn pipeline after sudden CEO exit
Outgoing chief Rob Wheals described it as a solid result but investors are likely to focus on its decision to exit North America and search for a new leader.
ASX ends losing streak; WiseTech, Iluka, Sonic soar
ASX higher on gains led by energy and tech. WiseTech surges on result, EML hammered on fraud hit, Coles dives on outlook, Rex swings to loss and Woodside rallies.
Why this boss called it quits
The board of this $13bn infrastructure giant wants its executives to spend more time on a rapidly-evolving market closer to home.
APA was full of optimism. The walk has been wanting
The shock departure of the gas pipeline giant’s chief executive shows that it is not easy to be a champion leader – especially when your board is not a strong one.
APA boss quits as US plans dumped
The boss of APA Group has unexpectedly quit after several large shareholders approached the board, demanding the shutdown of its stalled $4bn North American expansion.
Original URL: https://www.theaustralian.com.au/topics/apa-group/page/2