Yesterday
Proxy group at odds with itself over Woodside’s Richard Goyder
The sustainability arm of Institutional Shareholder Services is recommending against the re-election of the company’s chairman – contradicting its main analyst.
- Angela Macdonald-Smith
This Month
High-profile analyst accuses CGI Glass Lewis of activism on Woodside
Saul Kavonic, of MST Marquee, said the influential proxy advisory group “appears to have lost objectivity and equity in its work”.
- Angela Macdonald-Smith
- Opinion
- Chanticleer
Richard Goyder’s plight is worth watching
It’s a surprise to see a proxy adviser take on Woodside Energy chairman Richard Goyder. But it is another timely reminder of the way capital markets are headed.
- Updated
- Anthony Macdonald
Fears for $8b Woodside project under Senegal’s new government
The nationalist rhetoric from a new president who has pledged to rework oil production contracts comes just ahead of the start-up of the Sangomar oil project.
- Angela Macdonald-Smith
- Updated
- Karoon Gas Australia
Karoon plots path from oil junior to major through the Gulf of Mexico
The ASX-listed group spent $1.1 billion buying the interests last year. It plans to increase its spending in a bid to boost reserves by more than a third.
- Updated
- Angela Macdonald-Smith
Commodity markets flash warning signal for stocks
The concurrent rally in oil and gold prices shows that geopolitical risks have returned to markets which is a “negative omen” for risk assets.
- Alex Gluyas
March
Viva fires up convenience roll-out after locking away OTR
The completion of the $1.2 billion takeover kicks off the nationwide expansion of the On the Run brand, which will replace Coles Express at Viva’s fuel stations.
- Angela Macdonald-Smith
- Opinion
- Chanticleer
Surprise energy transition story in Monday’s $1b buyout
The last time vessel owner MMA Offshore hit the headlines, it was an offshore oil and gas services group going broke. Now it has a $1 billion bid, and investors can thank the energy transition.
- Anthony Macdonald
Why Formula 1’s fuel is going green
Pat Symonds wrote the rules that will compel Formula 1 cars to run on carbon-neutral fuel from 2026. Big oil companies are now racing to find solutions.
- Peter Ker
Woodside rebuffs activist push against chairman on climate
The board said it “strongly disagrees” with activist shareholder groups seeking to block Richard Goyder’s re-election and to reject the remuneration report.
- Angela Macdonald-Smith
February
Woodside heads for fresh clash on climate as profits slide
The oil and gas producer’s pursuit of growth projects met with criticism from activist shareholder groups as benchmark profit dropped 37 per cent.
- Updated
- Angela Macdonald-Smith
- Opinion
- Chanticleer
Woodside needs stars to align to get Santos
Where does Santos fit in to Woodside’s cash in/cash out story? Everyone wants to know.
- Anthony Macdonald
BHP asset drives $US1.5b writedown at Woodside
The bulk of the impairment relates to the Shenzi oil and gas venture in the Gulf of Mexico, where a project has underperformed since its start-up in September.
- Angela Macdonald-Smith
Fuel price shock warning for Australia
Petrol and diesel importers should consider long-term supply deals to reduce the risk of price shocks as OPEC could start to influence markets, Rystad Energy said.
- Angela Macdonald-Smith
Oil climbs with global equities, Middle East in focus
Energy prices are tracking a rally in global risk assets and continued aggression from Iranian-backed Houthi militants.
- Updated
- Yongchang Chin
Woodside may hunt for acquisitions as Santos deal falls through
Analysts expect “inorganic” growth options to be a topic for discussion at the oil and gas producer’s full-year results late this month.
- Angela Macdonald-Smith
- Opinion
- Chanticleer
Value killed $80b Woodside-Santos deal
When two boards have gone as far as due diligence, they are committed to properly exploring a deal. What can kill it from there is value.
- Anthony Macdonald
BP earns $4.6b but annual profits have halved
Energy prices have since fallen in a weak global economy, sending oil and gas giant profits tumbling.
- Courtney Bonnell
Q+A time at Woodside, Santos; due diligence extended
The two sides have been presenting to each other for weeks, and now it’s follow-up time.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Wide gulf to cross before Woodside-Santos merger comes true
Investors can’t even agree on the merits of a deal, far less the thorny question of value, leaving an uphill task to sell any transaction to shareholders.
- Angela Macdonald-Smith