Business

Woodside raises payout on profit surge

Woodside Petroleum's net profit was up sharply on the performance in 2015 and broadly in line with analyst forecasts.

The rebound in oil - and gas - prices helped to propel Woodside Energy's earnings sharply higher in 2016 as it looks to higher output in the year ahead to maintain the growth momentum.

Pleas for extension to examine huge CSG plan

Santos' environmental impact statement for its Narrabri CSG project has finally been made public.

Environmental groups want more time to consider the impacts of Santos' Narrabri CSG project that will include as many as 850 wells, producing more than 100 tonnes of waste salt alone per day.

Premium fuel sales fatten Caltex bottom line

Sales of higher-margin premium fuels grew 3 per cent, continuing to offset the long-term decline in petrol sales.

Oil importer, refiner and marketer Caltex has benefited from the continued swing towards premium fuel purchases, which has helped offset a decline in refiner margins and adverse currency swings over the past 12 months.

Origin takes $1.9b hit on oil slump

Origin Energy has sought to soften the blow from its massive writedown by raising its forecast for underlying profit.

The fall in the oil price has prompted Origin Energy to slash $1.9 billion off the value of its assets, primarily for its gas export project in Queensland.

Coral bleaching threat extends to Sydney

The Great Barrier Reef off Port Douglas.

Unusually warm sea temperatures and the prospect for more to come have reef scientists worried that the Great Barrier Reef may experience another major coral bleaching event. And Sydney is also under threat.