CIMIC in $524m bid for UGL after lightning raid

UGL CEO Ross Taylor: CIMIC said it intended to "conduct a strategic review" of UGL's businesses.

The shake-up of Australia's beleaguered engineering sector is gathering pace, with construction leader CIMIC launching a $524 million takeover bid for UGL after snapping up a 14 per cent stake.

AEMO report casts limited light on SA power outage

SA's power infrastructure should have been able to withstand the storm.

A detailed report into South Australia's prolonged blackout could take six months. Both sides of the renewables debate staked their claim following a preliminary report pointing to a "cascading series of events" due to extreme weather in South Australia.

BHP upbeat about oil, gas rebound

The completion of a new processing plant may lift earnings from BHP's Bass Strait assets.

Hard on the heels of OPEC's move to limit oil production, BHP Billiton has underscored its upbeat view on the outlook for oil and gas, as it argues the market is set to move back into balance in 2017, with demand set to exceed global supply.