Energy

Redflow takes on Tesla with ZCell battery

Angela Macdonald-Smith 5:18 PM   Battery developer Redflow is challenging Tesla with a battery that is aimed to provide better performance than the market-dominant lithium-ion systems.

Commodities may tumble amid 'rush for exits'

Net-long holdings in copper climbed this month to 27,862 contracts, the highest since May.

Jake Lloyd-Smith 8:49 AM   Oil and copper are at risk of steep declines as recent advances aren't fully grounded in improved fundamentals, according to Barclays.

Coal power glut puts $US1 trillion of investment at risk

Forecasts of coal power plant oversupply come as India seeks Australian funds for infrastructure investment.

Angela Macdonald-Smith 10:05 AM   The equivalent of 1500 coal-fired power stations are being developed worldwide despite the declining use of electricity generated from coal, according to a report funded by three anti-fossil fuel groups.

Asian LNG purchases fall as growth slows

Global LNG trade increased to 245.2 million metric tons last year, as 14.4 million tons of new capacity was added, ...

Anna Shiryaevskaya 5:17 AM   Asian liquefied natural gas purchases last year fell for the first time since the 2009 financial crisis.

Iran plans to attend oil freeze meeting in Doha

Iranian Oil Minister Bijan Namdar Zanganeh will attend the discussions in Doha on April 17, said the person, who asked ...

Grant Smith 3:37 AM   Iran will attend talks with fellow OPEC members and Russia in Qatar next month without joining their proposal to freeze oil output.

APA buys AGL stake in Qld power plant

APA has spent $151 million to buy its co-investor's stake in two Diamantina power plants in Queensland.

 is adding more ...

Angela Macdonald-Smith   Gas pipeline owner APA Group has paid $151 million to buy AGL Energy out of the companies' co-owned Diamantina power plant in Queensland.

Macquarie gets nod for $4.5b Cleco bid

Cleco and Macquarie agreed not to request an increase in customer rates before June 2019.

Jim Polson   A group of investors led by Macquarie Group has won Louisiana's approval to buy utility owner Cleco Corp for $4.5 billion.

Solar entrepreneur takes on NBN

Jeremy Rich next to one of his internet towers on top of Hampton Park Shopping Centre in Melbourne's outer east.

Jared Lynch   What do solar panels and high-speed internet have in common? Quite a lot, according to Jeremy Rich.

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Oil rally fuelled by bears cashing out

As crude has soared more than 50 per cent since February 11, the number of bets on increased prices has barely budged.

Asjylyn Loder and Mark Shenk   Oil enthusiasts haven't been jumping on board the latest rally.

FAR Ltd brightens up oil sector

Cath Norman says FAR Ltd's oil exploration success in Senegal represents an "enormous opportunity".

Angela Macdonald-Smith   Cath Norman is one of a rare breed of oil CEOs, and not just because she is female.

Sinking feeling for floating LNG hopes

Shell's Prelude venture may now be Australia's only floating LNG plant for several years.

Angela Macdonald-Smith   Questions are being asked about whether floating LNG technology will live up to its hype.

Power price setting might need overhaul

AER boss Paula Conboy set to challenge electricity pricing ruling

Brian Robins   The government might need to overhaul the way power prices are set, as the latest pricing decision in NSW is faced with further legal challenge, which has jeopardised planned price cuts while also threatening to delay the Baird government's power privatisation.

Has Victoria's moment in the sun finally arrived?

Phil Galloway, managing director of Syncline Energy, has big plans to bring solar energy to Bannerton in Victoria and ...

Tom Arup   Phil Galloway stands in an open field between vast stretches of almond trees. The empty land is marginal and the sun above it bright.

US oil slumps on inventories, greenback

PetroChina sees its oil and gas output falling for the first time in 17 years as it shuts high-cost fields that have "no ...

Mark Shenk   Oil dropped a second day after US crude stockpiles expanded again, keeping supplies at the highest level in more than eight decades.

Rockefeller Family Fund divests from fossil fuels

Flames shoot from a tower at Exxon Mobil Corp's Torrance Refinery in California earlier this month.

Terry Wade and Anna Driver   The Rockefeller Family Fund has said that it will divest from fossil fuels and accused oil giant Exxon Mobil of "reprehensible" conduct on climate change.

How farmers are using the CEFC to boost productivity

Renewable energy makes commercial sense for farming, says NAB.

Jared Lynch   Taxpayer-funded clean energy projects have moved beyond slapping solar panels on people's homes, says an Australian banking executive.

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ENN takes Santos stake in $1b deal

Santos has a new Chinese shareholder, in ENN Group.

Angela Macdonald-Smith   Santos is to get a new Chinese cornerstone shareholder after ENN said it would buy Hony's 11.7 per cent stake for almost $1 billion.

Beach Energy cuts 56 jobs after Drillsearch deal

Beach Energy is cutting jobs after the Drillsearch Energy takeover..

Angela Macdonald-Smith   Beach Energy will slash 56 jobs with more to come as it cuts duplication after the takeover of Drillsearch Energy.

Oil drops as US stockpiles lift on imports

Brent for May settlement fell $US1.07, or 2.6 per cent, to $US40.72 a barrel on the London-based ICE Futures Europe exchange.

Mark Shenk   Oil traded in New York extended declines after a report showed US crude supplies climbed to the highest level in more than eight decades as imports surged.

Woodside freezes $40 billion LNG plans

Woodside CEO Peter Coleman said the company would chase acquisitions rather than return capital to shareholders.

Angela Macdonald-Smith   The oil price slump has forced Woodside Petroleum and partners to ditch plans for a $40 billion-plus floating LNG project, delaying development of the huge Browse gas resource yet again.

Seven Group eyes east coast gas, raising Beach stake to 23pc

Seven Group CEO Ryan Stokes wants to tap into east coast gas opportunities.

Angela Macdonald-Smith   Seven Group CEO Ryan Stokes wants to 'make the most of the opportunities' in the east coast gas market after the company raised its Beach Energy stake to 22.9 per cent.

Cooper and AGL ink gas deal

Cooper Energy's Sole gas project off Victoria is more likely to proceed after locked in another customer.

Angela Macdonald-Smith   The prospects for a new $1 billion gas supply project off the Victoria coast have taken a leap forward with the news that the project backer has secured AGL as a customer for the gas.

US oil slips on Brussels, inventories forecast

US crude supplies probably climbed 2.53 million barrels last week, according to the median of responses in a Bloomberg ...

Mark Shenk   Oil ended slightly lower in New York after terrorist attacks in Brussels and amid forecasts that US crude inventories climbed from an 86-year high.

AGL faces power station strike

AGL Energy's Loy Yang A power station is being threatened by strike action.

Angela Macdonald-Smith   AGL Energy says strike action is a threat to Victoria's power security.

New Hope seeking lower rail access charges

Bengalla Coal Mine: New Hope has bought a stake in Ryan Osland.

Brian Robins   New Hope Corp is pushing for steep cuts to rail access charges in Queensland which it claims are among the highest in the world, to underpin its next round of cost reductions as it works its way through the coal market downturn.

Snowy Hydro fined for energy retailing breaches

Snowy Hydro release water from Jindabyne dam into the Snowy River via the gates and cone valve creating a massive water ...

Brian Robins   Snowy Hydro has been fined $40,000 after its Red Energy unit failed to obtain customer consent to extend sales contracts once they had expired.

Investors' top 12 commodity questions: HSBC

HSBC expects oil to trade at $US40 a barrel in the second quarter.

Jessica Sier   Can oil stage a recovery, and where will US LNG exports leave Australia's major new projects? HSBC has the answers.

Coal market yet to bottom: New Hope

New Hope said there was no consensus on the outlook for thermal coal prices, forcing the company to continue to squeeze ...

Brian Robins   Even with their recent stability, coal prices may not have bottomed, New Hope Corp has warned after disclosing further earnings weakness.

OPEC's El-Badri sees 'moderate' price for oil

"We will see who will reply and who will not reply, but I hope it will be a successful meeting," El-Badri said at the ...

Grant Smith   OPEC expects oil prices to rebound to a "moderate" level even if Iran doesn't join other producers in an agreement to freeze production.

Oil higher on bets global glut to ease

Brent for May settlement rose 14 cents, or 0.3 per cent, to $US41.34 a barrel on the London-based ICE Futures Europe ...

Mark Shenk   Oil climbed amid speculation that the global crude glut will decline as US production slips and central banks policies stimulate demand.