Today
Oil edges higher as Red Sea risks outpace rising US inventories
Oil swung in a wide range before ending the session in New York modestly higher, extending its winning streak to three days.
- Updated
- Julia Fanzeres and Alex Longley
Yesterday
Oil holds gains as Red Sea attacks cause panic among shippers
Brent rose above $US79 a barrel and US oil extended gains above $US74 as more companies opted to avoid the key shipping conduit.
- Julia Fanzeres and Mia Gindis
AGL lights up Liddell battery, Forrest wind farm seals NSW contract
The latest round of NSW renewables and storage projects coincides with AGL Energy giving the go-ahead to build a $750 million large-scale battery at its Liddell site.
- Updated
- Angela Macdonald-Smith
This Month
Kahlbetzer-backed solar start-up eyes Nasdaq proceeds for SA projects
Vast Renewables expects to commit to building a concentrated solar project and a separate green methanol project in the state in the second half of 2024.
- Angela Macdonald-Smith
Oil climbs as Red Sea attacks shut down shipping
The threat from Houthi militants is forcing major container lines to pull out of the area, raising fears the Israel-Hamas war will undermine the global economy.
- Updated
- Elizabeth Low
- Opinion
- Chanticleer
Red Sea oil spike is exactly what markets and central banks don’t need
Falling energy price have made the fight against inflation much easier, which in turn has boosted markets. The Red Sea attacks threaten to change that.
- James Thomson
Origin drops another $530m on UK energy player Octopus
Origin’s stake rises to 23pc, in a deal that values Octopus – which may have played a role in thwarting the EIG-Brookfield bid for Origin – at almost $12 billion.
- Hans van Leeuwen
Corporate raiders oust CEO, board of Carnarvon Energy
Nero Resources Fund and Collins St Asset Management staged the regime change after frustrations over the handling of an offshore gas project majority-owned by Santos.
- Updated
- Elouise Fowler
NSW wind farm heads for approval, breaking project drought
A contentious renewables project near a historic gold mine looks set to be the first large wind farm approved in NSW since May 2021.
- Angela Macdonald-Smith
Boris Johnson: why I changed my mind on climate change
Boris Johnson speaks with Jennifer Hewett at The Australian Financial Review Business Person of the Year dinner. December 14, 2023.
- Updated
Santos secures drilling approval for Barossa gas project
The approval will allow Santos to resume drilling at the Barossa field in the Timor Sea, which it had to suspend last year after a successful legal challenge by a Tiwi Islander.
- Angela Macdonald-Smith
Oil set for first weekly gain since October on Fed relief rally
Global benchmark Brent crude is heading for a 1.6 per cent gain this week, ending a run of seven straight declines.
- Yongchang Chin and Alex Longley
‘Too much risk’: Call for strategic coal power reserves
The head of the electricity supplier, Mark Collette, wants serious discussions on a scheme for a coal power reserve to prevent the lights going out on consumers.
- Angela Macdonald-Smith
‘Don’t do it’: Woodside investors baulk at Santos tie-up
Portfolio managers are understood to have voiced concerns to chairman Richard Goyder and senior management that a merger just for scale doesn’t make sense.
- Angela Macdonald-Smith
The world just made it clear the fossil fuel era is ending
More than any climate deal before it, the new pact reflects a recognition that the world is doing more harm than good by prolonging the era of coal, oil and gas.
- Chico Harlan, Maxine Joselow and Timothy Puko
Coal power ‘to be gone in 15 years’
All coal power plants will have closed by 2038, the energy market operator said in a forecast that piles on pressure to pick up the pace of the transmission build-out.
- Angela Macdonald-Smith
- Exclusive
- Environmental protection
Unions line up to back offshore gas against environmental activists
The AWU and MUA say vulnerabilities in Australia’s approvals regime are being exploited to stop or delay major projects and must be changed to save jobs.
- Angela Macdonald-Smith
Oil rebounds from July lows as Fed signals stoke risk-on mood
West Texas Intermediate rose as much as 3.8 per cent to trade above $US72 a barrel on Thursday.
- Julia Fanzeres and Jack Wittels
AEMO may call on emergency power reserves as NSW grid wilts
NSW Energy Minister Penny Sharpe has asked households to dial back on power use if they can to take pressure off the grid as temperatures head towards 40 degrees.
- Angela Macdonald-Smith
Greenpeace takes Woodside to court alleging greenwashing
The environmental activists allege the oil and gas producer is misrepresenting its emission reduction efforts because it relies on carbon offsets.
- Updated
- Angela Macdonald-Smith
