Yesterday
Santos and Beach Energy spend $165m on carbon capture and storage
Santos expects the project will start in 2024 and will sequester 1.7 million tonnes of emissions a year.
- Elouise Fowler
Saudi Aramco earnings surge on higher oil output and prices
Net profit in the third quarter climbed to $US30.4 billion, beating analysts’ estimates slightly, as crude prices and the company’s production increased.
- Matthew Martin and Paul Wallace
Sanjeev Gupta may keep stake in Cultana solar farm
GFG Alliance is on a slightly better footing than in the dark days of May and the green economy push is accelerating faster too.
- Simon Evans
PM’s plan for net zero emissions fails to convince AFR readers
A survey of readers of The Australian Financial Review has found most believe the Morrison government’s plan for net zero by 2050 is not up to scratch.
- Mark Ludlow
- Analysis
- Manufacturing
Meteoric rise of Tesla’s stock price is good for all investors
Why did the Hertz-related rise in Tesla’s stock make me laugh? It’s because the numbers make no sense to me, yet the wider sharemarket can still reap the rewards.
- Allan Sloan
World ‘one minute to midnight’ on climate change, Boris Johnson warns
The plea comes after the British Prime Minister told a news conference following the G20 summit in Rome that ‘if Glasgow fails, the whole thing fails’.
- Lucy Fisher
Brookfield upbeat on China-linked AusNet shareholder agreeing to takeover
AusNet Services and its major shareholder have agreed to back Canada’s Brookfield takeover bid.
- Elouise Fowler
October
- Opinion
- Glasgow summit
World leaders playing to different audiences in Glasgow
Scott Morrison has his lines on climate change on endless repeat. For the government, Glasgow is the full-kilt rehearsal for an election campaign on the ‘Australian Way’.
- Jennifer Hewett
Oil majors won’t come running to help world facing energy crunch
Exxon Mobil, Royal Dutch Shell and Chevron confirmed last week that, for the most part, they’ll spend their windfall profits on share buybacks and dividends.
- Kevin Crowley and Laura Hurst
Reality reins in great expectations at Glasgow climate summit
As global attention converges on Glasgow, hopes are treading a cautious path that the talks will deliver a magical moment to encourage climate change action.
- Brady Dennis and Sarah Kaplan
ACCC to examine energy price impact of APA’s AusNet bid
Gas prices and the grid connections for new renewables projects are among the competition watchdog’s priority concerns.
- Updated
- Angela Macdonald-Smith
PNG delay pushes back Santos-Oil Search paperwork
The release of documents for the $21 billion merger between Santos and Oil Search has been pushed back into next month after a delay in the court hearings for the approval of the takeover in Papua New Guinea.
- Angela Macdonald-Smith
Origin taps into strong Asian LNG market
Origin Energy has sold three LNG cargoes into the tight Asian spot market after enjoying a 25 per cent increase in revenues from its APLNG project in the September quarter.
- Angela Macdonald-Smith
Woodside under scrutiny on Wheatstone downgrade
The shock downgrade to Woodside’s gas reserves at the Wheatstone project last week has slashed valuations of the stock and raised questions on the $41 billion merger with BHP Petroleum.
- Angela Macdonald-Smith
Fortescue set for ‘go’ on Tassie green hydrogen
News of an imminent decision on Australia’s first large-scale green hydrogen project comes as announcements are also expected on joint ventures by Australian and Korean interests in the emerging market for the fuel.
- Updated
- Angela Macdonald-Smith
Investors cool on Karoon strategy refresh
Recently installed chief executive officer Julian Fowles unfurled a new strategy to investors on Thursday but production guidance was unchanged.
- Elouise Fowler
Activist Investor Loeb takes Shell stake, pushes to break up company
Dan Loeb’s Third Point wants Royal Dutch Shell to put its liquefied natural gas, renewables and marketing businesses into a standalone company.
- Scott Deveau and Laura Hurst
Investors want stronger 2030 targets to tackle climate change
Investment money is already flowing out of Australia to countries that have stronger 2030 targets to tackle climate change, according to investor groups.
- Updated
- Mark Ludlow
APA ramps up pipeline wars for Beetaloo gas
APA’s proposal to connect the Beetaloo region in the Northern Territory to Queensland means there are now three rival pipeline options to unlock the gas rich basin.
- Updated
- Angela Macdonald-Smith
Fortescue, Santos hydrogen clash blows up again
The two companies are fighting a war of words over the future of natural gas which has spilled over into a debate over the “colour” of hydrogen production.
- Updated
- Angela Macdonald-Smith
