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Energy

Today

What to consider before investing in hydrogen

Pricing estimates, its place in the global energy mix and where to find opportunities should be on the checklist.

  • Mark Draper

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

October

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

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

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
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Cooper Energy plagued by Orbost plant troubles

Cooper Energy’s troubled Orbost gas processing plant weighed on its first-quarter results, forcing the producer to rely on third-party contracts to meet customer demand.

  • Elouise Fowler

Queensland coal-fired power station still on the table

The Morrison government says a feasibility study into a new coal-fired power station in Collinsville in North Queensland will be due in mid-2022.

  • Mark Ludlow

Origin to recycle $2b from APLNG sale into cleaner energy

Origin Energy chief executive Frank Calabria said the sale would allow the LNG giant to diversify its assets portfolio.

  • Updated
  • Elouise Fowler

Lockdowns dent Viva’s petrol, jet fuel sales

Stay at home orders in Victoria and NSW slashed Viva’s retail fuel sales by 25 per cent, forcing the refiner to pay shipping fees to sell fuel in other markets. 

  • Elouise Fowler

LNG shipments dip, China snubs Australia for extra supplies

Shipments of LNG fell in September, but that hasn’t dented Australian oil and gas producers cashing in on buoyant international gas and oil prices.

  • Elouise Fowler

Electricity prices surged in July on Longford gas plant outage

Milder winter weather and increased renewables helped take the heat out of the price spike towards the end of the September quarter.

  • Elouise Fowler

Solar farms kick off hydrogen-lithium battery trial

Providence Asset Group is trialling a hydrogen-lithium battery that it aims to roll out across its solar farm network by 2024.

  • Elouise Fowler

Net zero is ‘a daunting task’: energy expert

A top scientist and adviser to Bill Gates, Vaclav Smil, says it’s unrealistic to think carbon emissions can be reduced to net zero in just 30 years. BlackRock’s CEO disagrees.

  • Angela Macdonald-Smith and Elouise Fowler

China coal futures drop on threat of state intervention in crisis

Thermal coal futures trading on the Zhengzhou Commodity Exchange, which have hit record levels in recent weeks, fell the maximum 8 per cent for a second consecutive day on Wednesday.

  • Hudson Lockett and Primrose Riordan

Singapore energy regulator steps up as volatility topples retailers

Spiking prices are forcing retailers out of the market and the regulator is stepping in to ensure energy supplies remain secure.

  • Updated
  • Emma Connors
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Beach Energy faces fallout from Western Flank downgrade

Kerry Stokes-backed Beach Energy’s oil production fell in the first quarter of the new financial year.

  • Elouise Fowler

Only nuclear lets Australia have it all in clean energy policy

There are only so many combinations of technology that can deliver clean, reliable power and an acceptable cost. They all include the nuclear power that’s shunned by Australia.

  • Elmer Funke Kupper

Energy tensions rise in Washington as Glasgow looms

The US Congress is set to vote on two huge bills, the energy components of which are giving policymakers headaches ahead of the COP26 meeting.

  • Matthew Cranston

Whitehaven says Asia will fund coal for decades

Whitehaven Coal will step into Asian bond markets in the belief the region’s lenders will provide support while carbon-conscious Australian banks withdraw.

  • Peter Ker

Skipping Glasgow would be a ‘copout’ by PM: Forrest

Fortescue Metals Group chairman Andrew Forrest said energy intensive companies, such as his own, had to lead from the front in confronting global warming.

  • Mark Ludlow