AWE names Cue Energy's Biggs as new CEO
Mid-cap oil and gas player AWE has named David Biggs, the current head of explorer Cue Energy, as its new chief executive, replacing Bruce Clement who advised in October that he would step down.
Mid-cap oil and gas player AWE has named David Biggs, the current head of explorer Cue Energy, as its new chief executive, replacing Bruce Clement who advised in October that he would step down.
Australian liquefied natural gas exporters may need to make radical changes to the way they sell gas into Japan.
Saudi Arabia will join a meeting of producers from within and outside OPEC in Doha next month, bolstering the campaign to freeze output.
Oil surged above $US40 a barrel in New York for the first time since December as central banks signalled they will continue to provide economic stimulus.
Thousands of Australian jobs are under threat with the largest privately owned coal miner in the world, Peabody Energy, warning overnight its financial survival was under a cloud.
An LNG glut is likely to plague the market for six years, forcing delays to new projects and potentially causing some producers to cut output, Citigroup says
Oil rose as some OPEC members planned to meet with other producers in April to resume talks on capping output.
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.
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 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 prices fell about 3 per cent on concerns that a six-week market recovery has gone beyond fundamentals.
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.
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.
Weak commodity prices and worries over gas supplies have fuelled speculation that the Queensland LNG industry may ramp up output more slowly than scheduled.
Oil capped the longest run of weekly gains since May amid signs of rising US fuel demand and slowing crude production.
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 slipped from a three-month high amid uncertainty about when a meeting between Saudi Arabia, Russia and other producers will occur.
Aubrey McClendon died last week when his SUV hit a wall at high speed. This is what happened beforehand.
Oil prices surged as much as 4 per cent after a big draw in US gasoline convinced the market that energy demand was improving.
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 is among companies in the firing line as the ACCC targets reforms to improve the lot of industrial gas buyers on the east coast.
Tony Nunan will head up Royal Dutch Shell's new LNG operation in Queensland after last month's $US53 billion takeover.
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.
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.
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.
Andrew "Twiggy" Forrest made $612 million on Monday and then lost about $300 million on Tuesday.
Chevron's monster $55 billion Gorgon LNG venture has finally started production and is set to ship its first cargo next week.
Santos has refused to put forward a shareholder resolution calling it to scrap its controversial NSW coal seam gas project.
Hedge funds unwound bearish bets at the fastest pace in 10 months as fear of oil sinking to $US20 a barrel faded.
Brent crude rose above $US40 for the first time since December as major producers prepared to meet to discuss a production freeze.