Energy

What happens when a CSG well is plugged? Not much

Peter Hannam 5:09 PM   NSW regulators do not routinely test coal seam gas wells after they have been plugged and abandoned, relying instead on ''technical reports'' by the companies that the wells pose no threat.

Threat to gas prices from rising market volatility

Increased gas price volatility.

Brian Robins   Any reprieve for the household budget from any decline in gas distribution charges may prove to be transitory with energy group AGL warning that a rise in spot gas prices will cut its bottom line by $100 million.

Oil prices seen capped for 18 months

The wild card for next year is US shale supply, which appears to have reached a bottom, but it's too early to say ...

Javier Blas and Ryan Chilcote   Oil prices won't rise much further over the next year and a half, says Vitol CEO Ian Taylor.

Oil lower as Nigerian output rises

Total volume of WTI futures traded Monday - Independence Day in the US - was about 80 per cent below the 100-day average.

Robert Tuttle   Brent crude closed near $US50 a barrel as Nigerian output rose after repairs to some infrastructure.

Oil steady as market seen in balance, but slow Asian demand hurts

Analysts expect Brent to trade sideways over coming months.

Osamu Tsukimori and Henning Gloystein   * Saudis, OPEC say oil market heading into balance

InterOil surges on hopes of rival bid

Peter Botten's Oil Search's $US2.2 billion ($3 billion) bid for InterOil is in doubt as a rival emerges

Brian Robins   Shares in takeover target Interoil Corp surged 3.9 per cent Friday as investors reacted positively to the prospect of a rival bid emerging for the company following the earlier move by directors to back a $US2.2 billion bid by Oil Search.

A whole new climate genie may be uncorked

Queensland's coal seam gas industry now has more than 7000 wells.

Peter Hannam   Signs that the gas industry may be uncorking a new climate genie are growing.

Oil rises as US supplies shrink again

Futures climbed 1.4 per cent in New York Friday after surging 26 per cent during the three months ended June 30.

Mark Shenk   Oil rose, following the biggest quarterly gain since 2009, as US supplies shrink.

Energy poverty not limited to the poor

More energy payment options are needed for vulnerable households.

Brian Robins   As double digit electricity price rises take effect, a government body has highlighted nearly one in four households finds it difficult to pay their bill.

Caltex profit hit by margin squeeze

Sales of E10 continue to fall as drivers fill up with more premium fuels

Brian Robins   A squeeze on oil refining margins has hit earnings of Caltex, the country's largest oil importer and refiner, despite a lift in volumes of petrol sold.

Opinion

Oil heading towards $US10 handle

The world continues to be awash in crude, and American frackers have replaced the Organisation of Petroleum Exporting ...

A Gary Shilling   A drop below $US20 per barrel would be a shock reminiscent of the dotcom collapse in the late 1990s.

Oil extends losses, hits 7-week low

Bets that prices will rise outnumbered short positions by 362,765 lots, according to the latest data from ICE Futures Europe.

Brent has lost almost 8 per cent since Thursday - the biggest two-day drop in nearly five months.

Woodside shaves cost of Greater Enfield development

New oil and gas projects are rare at a time of low energy prices.

Brian Robins   Woodside has taken advantage of the fall in resource sector costs to bring forward the development of the Greater Enfield project

'Sunburnt country has burnt solar industry'

Setting sun on solar?: Industry highlights drop in new installations.

Peter Hannam   Australia's solar energy sector is facing further job losses amid falling numbers of new rooftop installations amid a lack of support during the Abbott-Turnbull governments, industry representatives say.

Oil futures drop in risk-asset purge

Brent for August settlement fell $US2.50 to $US48.41 on the London-based ICE Futures Europe exchange. It's also the ...

Mark Shenk   Oil futures dropped 4.9 per cent in New York and London, the biggest decline in four months.

BP's Bob Dudley sees balanced oil market

"The future of Alaska is probably its natural gas," Dudley said. "While the oil will continue," he added, "natural gas ...

Jennifer A. Dlouhy   Rising demand in China, North America and Europe will help bring global markets into balance soon.

NSW to double existing solar farm capacity

NSW has the second lowest share of clean energy as a total of its electricity.

Peter Hannam   Four new plants will bring hundreds of jobs while saving 342,000 tonnes of greenhouse gas annually.

Mining service outfits face further credit downgrades

Weak commodity prices continue to drag on earnings of mining service companies.

Brian Robins   Mining service companies are facing further credit rating downgrades if they are unable to shake off their slide in earnings according to ratings agency Standard & Poors.

Oil lower as US stockpiles remain high

Gasoline stockpiles rose by 627,000 barrels to 237.6 million barrels even as consumption of the motor fuel rose to a ...

Jessica Summers   Oil fell for a second day in New York after data showed crude stockpiles dropped less than expected.

OPEC's oil revenue plunges to 10-year low

Oil futures tumbled by 35 per cent last year as US crude production held up despite the Saudi-led strategy to pressure ...

Grant Smith   OPEC said its oil revenue plunged as higher export volumes failed to offset falling prices.

Oil drops ahead of latest US inventory data

US crude inventories likely declined by 1.5 million barrels last week, according to a Bloomberg survey before an Energy ...

Oil dropped from the highest close in more than a week as markets awaited US stockpile data.

BHP warns mining glut may take a decade to clear

BHP plans to boost coal division productivity further as it seeks to cut costs

Brian Robins   BHP Billiton has warned the glut in commodity markets may take a decade to work off as it works to squeeze costs while ramping up output so it can lift cash returns

Iron ore 'will take longest to come back'

BHP boss Andrew Mackenzie: "We've had such a long boom. To walk that through in my view may take another 10 years."

The global iron ore market will take longer to balance out than other commodities as excess supply takes time to be absorbed after a boom, BHP boss says.

Ausgrid sale not to be delayed

Electricity cables being laid by Ausgrid, which is being sold by the NSW government

Brian Robins   The NSW government expects to complete the sale of Ausgrid by the end of August.

Oil extends rebound on Brexit positioning

US crude inventories probably dropped by 1.5m barrels last week, according to the median of estimates in a Bloomberg ...

Mark Shenk   Oil gained, extending its advance from a one-month low last week, as equities rose.

Saudi exports fall as refineries slow output

Oil companies typically shut refineries for maintenance in April and May in preparation for higher Northern Hemisphere ...

Wael Mahdi   Saudi Arabia cut crude oil shipments in April to the lowest level in six months.

'No leadership and no commitment'

Renewable energy accounted for 36 per cent of SA's electricity in May – and only one quarter of that total in NSW.

Peter Hannam   It's the one issue on which NSW is being outpaced by almost every other state.

Oil rebounds as greenback retreats

Julian Jessop, chief economist and head of commodities research at Capital Economics, told Reuters Global Oil Forum an ...

​Oil prices jumped about 4 per cent, as a weaker US dollar bolstered interest in risk assets.

Renewables rain on power's parade

A rise in renewable energy helps to destabilise power market prices.

Brian Robins   The surge in renewable energy has left households with whipsawing electricity bills as power companies push through a round of steep price rises.

Unaoil used global networks to move corrupt funds

Cyrus Ahsani and his wife Sany

Nick McKenzie, Michael Bachelard, Richard Baker   The Monaco-based oil company at the centre of a global bribery scandal used a network of offshore accounts and companies to shift funds under the noses of authorities for years.