Oil pulls back after recent rally, greenback gain
Oil declined from a 10-month high in New York as a stronger US dollar countered a rally driven by tightening global supplies.
Oil declined from a 10-month high in New York as a stronger US dollar countered a rally driven by tightening global supplies.
Gas pipeline developer says it can still fill a new $800 million pipeline from the NT to Queensland, despite the threat of a Labor moratorium on fracking.
While oil markets will start re-balancing after a slump next year, an oversupply in natural gas won't disappear until the end of the decade, the International Energy Agency said.
Oil Search CEO Peter Botten says he is "confident" of shareholder support for his $US2.2 billion-plus takeover deal for InterOil.
Clough's new chief executive has told gas producers that putting the screws on contractors is not the answer to cost hurdles for new projects.
A windy May across south-eastern Australia helped smash wind energy generation records.
Woodside Petroleum chief executive Peter Coleman isn't totally ruling out a larger, scrip-based acquisition, while keeping the cap on any cash deal at about $US1 billion.
Oil closed above $US50 a barrel in New York for the first time in more than 10 months as US crude stockpiles are estimated to have fallen for a third week.
Royal Dutch Shell cut spending plans further and promised increased savings following its record purchase of BG Group.
Disgruntled shareholders in InterOil Corp say Oil Search's $US2.2 billion ($3 billion) takeover offer undervalues the company by as much as $US3 billion.
The natural gas industry has been "out to lunch", taking years to build LNG projects over budget and not snaring bigger market share, the Woodside CEO says.
What's in those bubbles, anti-CSG activists want to know.
Early ground is being laid for a potential listing of Western Australian gas producer Quadrant Energy by Brookfield Asset Management and Macquarie Capital.
Santos CEO Kevin Gallagher says a radical overhaul of gas project ownership structure is needed to improve efficiency and help get new investment off the ground.
Shares in LNG Ltd surged 21 per cent, a day after it told the Australian Stock Exchange it was unaware of why the shares had run up sharply.
The outgoing Chevron Australia boss says the "challenging" market makes it more important for producers to cooperate to lift competitiveness.
The natural gas industry has been told to take its "gloves off" and snare its share of the world's shrinking carbon budget.
Split may be needed if debt reduction doesn't reap expected rewards.
ALS has defended its brusque rejection of the $2.7 billion takeover offer received last week from private equity bidders.
Shell says NSW and Victoria may have to consider importing LNG from Queensland or PNG if the states don't act to get onshore gas out of the ground.
BHP Billiton is stepping up its efforts to bolster the use of carbon storage technology, by funding a joint research program with Peking University to target the industrial sector.
Liquefied natural gas producers need to develop a new range of trading and risk management skills to navigate their way successfully through the next several years of market oversupply, according to Deloitte.
Shell Australia chairman Andrew Smith is set to urge politicians and industry leaders to tackle "head on" what he says is an orchestrated campaign unfairly demonising natural gas.
Oil market watchers have taken heart that supply and demand are moving back into balance.
The oil giant has agreed to pay $242 million to US investors to settle claims its managers lied about the size of the 2010 Gulf of Mexico oil spill to prop up its share price.
Viva Energy and Coles have committed to expanding their petrol station alliance to add more than 100 sites during the next five years.
The remedy to avoid a repetition of the Basslink cable failure doesn't lie in an expensive second cable, according to consultancy EnergyQuest.
Rather than facing a "death spiral", the electricity grid is set to become the backbone of the "internet of energy", with the help of batteries – as long as policymakers get on board.
InterOil's former chief executive Phil Mulacek has started legal action in a bid to postpone the annual shareholder meetings until after the vote on Oil Search's $US2.2 billion-plus takeover deal.
A matter of days after being hit with a raft of 'sell' calls following disappointing annual results, laboratory testing outfit ALS is facing a potential change of control, seeking a suspension to trading in its shares.