Skip to navigationSkip to contentSkip to footerHelp using this website - Accessibility statement
  • Advertisement

    Energy

    Yesterday

    The C4 unit at Callide power station in Queensland blew up in May 2021.

    Queensland in secret bid to buy stricken coal-fired power plant

    It’s three years since Queensland power station Callide C blew up, and the fallout hasn’t stopped. Now, a secret deal for the government to buy a 50 per cent stake is in doubt.

    • Anthony Macdonald
    Karoon Energy’s Who Dat oil and gas operation in the US Gulf of Mexico.

    Karoon chairman preps for showdown with angry investors

    An activist consortium led by Samuel Terry Asset Management intends to vote against five of the nine resolutions up for vote at the oil and gas producer’s AGM on May 23. 

    • Elouise Fowler

    This Month

    Andrew Forrest in Davos earlier this near. The Fortescue executive chairman has been a critic of Woodside Energy in the past, but is on the same page when it comes to tax credit issues in the US.

    Fortescue, Woodside find common ground on green hydrogen

    Andrew Forrest has been one of the oil and gas giant’s biggest critics. The two are on the same page about US tax credits issues holding up renewable projects.

    • Brad Thompson
    Origin Energy CEO Frank Calabria and Octopus Energy CEO Greg Jackson at Octopus’s London HQ.

    What was Origin Energy boss Frank Calabria really doing in London?

    He flew halfway round the world to hold a strategy day for UK upstart Octopus Energy. The message for Origin shareholders and analysts: take another look.

    • Hans van Leeuwen
    A tanker arrives in Darwin Harbour to deliver an LNG cargo to Inpex’s Ichthys LNG export project.

    Japan’s energy giants applaud Australia’s ‘clear’ gas plan

    Japanese energy giant Inpex said the Albanese government’s new gas strategy shows Australia’s role as a “reliable and trusted” partner.

    • Jessica Sier
    Advertisement
    International Energy Agency executive director Fatih Birol.

    The world’s wiliest climate warrior? It’s not who you think

    International Energy Agency boss Fatih Birol, a lifelong bureaucrat with roots in the oil industry, has made the net zero transition a personal mission.

    • Hans van Leeuwen
    Orica Kooragang island facility

    Federal government backs gas imports to southern states

    The extra gas will need to be delivered from the northern states from a retooled national gas network or LNG import terminals.

    • Elouise Fowler
    Resources Minister Madeleine King: Turning off gas overnight would do untold damage to our economy.

    We will need new sources of gas

    Australia is committed to reaching net zero emissions by 2050, and we will need gas to get there.

    • Madeleine King
    Origin Energy CEO Frank Calabria and Octopus Energy CEO Greg Jackson at the Octopus HQ in London.

    Origin reaps $420m Octopus gain as Aware Super climbs on board

    The UK energy disruptor has upped its valuation by 15pc, in a transaction that brought in Aware and raised the value of Origin’s stake beyond $2 billion.

    • Hans van Leeuwen
    Fortescue founder Andrew Forrest says the US is in danger of killing off green hydrogen.

    Forrest accuses US of sacrificing green dream to fossil fuel lobby

    Fortescue founder Andrew Forrest unleashed on the US government over a threat to tax credits that underpin an $836 million green hydrogen project in Arizona.

    • Brad Thompson
    Peter Botten, chairman of Karoon Energy.

    Karoon chairman in activists’ firing line over pay

    Sandon wrote to chairman Peter Botten on Wednesday arguing that Karoon’s incentive structure had insufficient regard for shareholder value.

    • Jonathan Shapiro

    April

    Frank Calabria, chief executive officer of Origin Energy

    Origin’s LNG revenue drops 8pc in March quarter

    Lower global prices for oil and gas dragged down LNG revenue at the energy giant to $2.6 billion.

    • Updated
    • Elouise Fowler
    CEO Meg O’Neill and Chairman Richard Goyder at Woodside

    Woodside to pay $18b for hydrocarbon projects despite climate rebuke

    This massive outlay comes as investor opposition to the oil and gas giant’s climate plan has grown over the past two years.

    • Elouise Fowler
    Resources Minister Madeleine King has withdrawn from making decisions on the future of the PEP-11 gas project.

    King opts out of call on NSW gas project over her past attacks

    Resources Minister Madeleine King pulls out of making decisions around high-profile gas project off the coast of NSW that she once described as risky and a threat to jobs.

    • Brad Thompson
    LNG facilities off Western Australia’s northwest.

    Chevron vows to develop new WA gas fields

    The federal government is considering wielding its “use it or lose it” powers on undeveloped fields held by major energy companies.

    • Tom Rabe
    Advertisement
    The WA premier is urging gas giants to develop their unused fields off the state’s north-west.

    WA tells energy giants to ‘use it or lose it’ on gas fields

    Companies such as Chevron and Santos with “pending” applications to retain licences for undeveloped gas fields could feel pressure from Canberra to get moving.

    • Tom Rabe
    Meg O’Neill, the chief executive of Woodside, says her company’s emissions reduction strategy is more credible than many others.

    Woodside chief says her climate plan is ‘honest’, unlike some rivals

    Ahead of a tense shareholder meeting next week, Meg O’Neill urged investors to support the emissions plan and back the re-election of chairman Richard Goyder.

    • Updated
    • Elouise Fowler
    Santos said revenues were weighed down by lower production and prices.

    Santos blames lower output, prices for 15pc revenue slide

    But the gas giant says the result sets it up to complete major projects including a carbon capture and storage scheme which is due to start later this year.

    • Elouise Fowler
    The WestConnex in Saint Peters. Sydney motorists are currently paying much higher prices for petrol.

    Melbourne, Brisbane should brace for bowser hit, retailers warn

    Brent crude is up about 17 per cent since the start of the year, driven by supply concerns and escalating tension in the Middle East.

    • Elouise Fowler
    Richard Goyder at Woodside Energy’s annual meeting last year. He faces a fight for re-election at this year’s meeting.

    HESTA sides with Woodside on Goyder’s future

    But the outspoken superannuation fund, which has criticised the company for not doing enough on emissions reduction, will vote against its climate strategy.

    • Kylar Loussikian