Oil lower for second day as Iran says no to freeze

Mark Shenk   Oil dropped as Iran bolstered crude exports and Russia signalled the Persian Gulf nation won't join major producers in freezing output to reduce a global glut.

Chinese, Thai back Aussie renewables

Angela Macdonald-Smith   Wind Energy Holding of Thailand has bought 50 per cent of CWP Renewables, confirming a surge of overseas interest in the wind and solar sector.

Tap Oil CEO exits, Asian investors boost control

Angela Macdonald-Smith   Tap Oil will lose its CEO and more than half its staff in an overhaul forced by plunging prices that means its major Asian shareholders will boost control of the junior producer.

Oil lower on global glut, Iranian output

Oil prices fell about 3 per cent on concerns that a six-week market recovery has gone beyond fundamentals.

Cuba's oil promise attracts local junior

Angela Macdonald-Smith   Cuba is far from the minds of most oil and gas explorers but MEO Australia is convinced an early entry into the island is a smart move as the Communist-ruled country opens up.

Oil players hopeful worst is over

Angela Macdonald-Smith   Tentative confidence is returning to the local oil and gas sector after the IEA declared that prices "might have bottomed out", helping stock prices make further gains.

Doubts over Qld LNG ramp up

Angela Macdonald-Smith   Weak commodity prices and worries over gas supplies have fuelled speculation that the Queensland LNG industry may ramp up output more slowly than scheduled.

US oil extends recovery through fourth week

Grant Smith and Moming Zhou   Oil capped the longest run of weekly gains since May amid signs of rising US fuel demand and slowing crude production.

Goldman sees oil in $US25-$US45 range in second quarter

Sharon Cho   The oil market may be starting to rebalance as US production shows signs of declining, potentially shrinking the global oversupply, according to Goldman Sachs.

Oil slips amid producer meeting doubts

Moming Zhou and Grant Smith   Oil slipped from a three-month high amid uncertainty about when a meeting between Saudi Arabia, Russia and other producers will occur.

Death of a shale man: McClendon's final days

David Wethe   Aubrey McClendon died last week when his SUV hit a wall at high speed. This is what happened beforehand.

Oil back above $US40 on US petrol draw

Oil prices surged as much as 4 per cent after a big draw in US gasoline convinced the market that energy demand was improving.

Oil price collapse hits exploration outlays

Brian Robins   In 2015, oil production fell to a 45-year low of just 76 million barrels, an annual survey by EnergyQuest shows, forcing Australia to import rising volumes of oil to keep cars on the road and industry running.

APA Group in hot seat as Sims hones in on pipelines

Angela Macdonald-Smith   APA Group is among companies in the firing line as the ACCC targets reforms to improve the lot of industrial gas buyers on the east coast.

Shell keeps BG's Nunan to head QGC

Angela Macdonald-Smith   Tony Nunan will head up Royal Dutch Shell's new LNG operation in Queensland after last month's $US53 billion takeover.

US sees oil output falling to four-year low

Moming Zhou   US crude production will fall to its lowest since 2013 next year as battered shale drillers idle rigs to conserve cash. Still, Brent crude fell.

BHP to axe Hunter coal jobs

Brian Robins   Hard on the heels of BHP Billiton's recent spin-off South 32 axing hundreds of jobs at its Illawarra mines, BHP is to wield the axe in the Hunter Valley, slashing 290 jobs.

Commodity rally seen as 'false start'

Pratish Narayanan   Goldman Sachs expects the rally in commodities from iron ore to gold will falter and forecast copper prices will slide as much as 20 per cent over the next year.

Twiggy's billion-dollar share rollercoaster ride

James Thomson and John Stensholt   Andrew "Twiggy" Forrest made $612 million on Monday and then lost about $300 million on Tuesday.

Chevron prepares for first Gorgon shipment

Angela Macdonald-Smith   Chevron's monster $55 billion Gorgon LNG venture has finally started production and is set to ship its first cargo next week.

Santos baulks at anti-CSG resolution

Angela Macdonald-Smith   Santos has refused to put forward a shareholder resolution calling it to scrap its controversial NSW coal seam gas project.

Speculators rethink prospect of $US20 oil

Moming Zhou   Hedge funds unwound bearish bets at the fastest pace in 10 months as fear of oil sinking to $US20 a barrel faded.

Oil tops $US40 a barrel ahead of producer meeting

Grant Smith   Brent crude rose above $US40 for the first time since December as major producers prepared to meet to discuss a production freeze.

APA back on acquisition track with $130m Ethane Pipeline bid

Angela Macdonald-Smith   Acquisitive pipeline owner APA Group has launched a bid to take full ownership of the ethane pipeline running from Moomba to Sydney, in a renewal of its drive for external growth after being knocked back on deals twice in 2015.

Ferguson blasts NT Labor on fracking

Angela Macdonald-Smith   Former Labor resources minister Martin Ferguson is blaming the party's moratorium on fracking for putting a new pipeline at risk and pushing the territory to the brink of "catastrophic" gas shortages.

Higher oil prices boost WorleyParsons

Jenny Wiggins   Fears WorleyParsons could be forced into an equity raising to strengthen its balance sheet are easing as higher oil prices and deeper cost cuts restore confidence

Comments 1

Tassie's battle to keep lights on

Adam Morton   The Apple Isle is using a fleet of diesel gennies and cloud seeding to try and make it rain, but will this state run out of power?

Comments 3