As the war in the Middle East enters its third week, Australia — with little domestic refining capacity left — underscores how even major fossil fuel exporters aren’t immune to a widening energy crunch.
As the war in the Middle East enters its third week, Australia — with little domestic refining capacity left — underscores how even major fossil fuel exporters aren’t immune to a widening energy crunch.
The Australian arm of London-based investment manager Foresight Group Holdings Ltd. will acquire New Zealand renewables developer NZ Clean Energy, with plans to invest A$500 million ($360 million) over the next twelve months.
The Australian arm of London-based investment manager Foresight Group Holdings Ltd. will acquire New Zealand renewables developer NZ Clean Energy, with plans to invest A$500 million ($360 million) over the next twelve months.
Shares in Australian liquefied natural gas exporters surged after tankers stopped crossing the Strait of Hormuz, hampering about a fifth of global supply and threatening to raise prices of the fuel.
Shares in Australian liquefied natural gas exporters surged after tankers stopped crossing the Strait of Hormuz, hampering about a fifth of global supply and threatening to raise prices of the fuel.
European natural gas prices could more than double if shipping through the Strait of Hormuz is halted for one month, according to Goldman Sachs Group Inc.
European natural gas prices could more than double if shipping through the Strait of Hormuz is halted for one month, according to Goldman Sachs Group Inc.
Santos Ltd. is targeting a 10% headcount reduction after Australia’s second-biggest natural gas producer reported a slump in profit on lower oil and gas prices.
Santos Ltd. is targeting a 10% headcount reduction after Australia’s second-biggest natural gas producer reported a slump in profit on lower oil and gas prices.
The Santos Ltd. Logo atop Santos Place building, which houses the company's office, in Brisbane, Australia, on Monday, Dec. 11, 2023. Woodside Energy Group Ltd.’s hopes of a tie-up with Santos to create Asia’s dominant liquefied natural gas exporter face a potential hurdle over the valuation of a target whose shares recently fell to an eight-month low. Photographer: Ian Waldie/Bloomberg
Australia commissioned a record-breaking amount of renewable projects and big batteries last quarter, signaling fresh momentum in the country’s clean-energy transition.
Australia commissioned a record-breaking amount of renewable projects and big batteries last quarter, signaling fresh momentum in the country’s clean-energy transition.
Wind turbines on a wind farm in Waubra, Victoria, Australia.
Australian Court Dismisses Case Against Oil and Gas Giant Santos
Demonstrators carry placards during the Fund The Firies And Demand Climate Justice Protest in Sydney, Australia, on Friday, Jan. 10, 2020. The fires in Australia have come as the country is polarized by the debate over global warming. The government has downplayed the link between the fires and climate change and Prime Minister Scott Morrison is not bowing to demands from environmentalists for more concerted action. Photographer: Brendon Thorne/Bloomberg
A judge dismissed a long-running legal challenge against Santos Ltd., which had accused the Australian oil and gas producer of misleading investors over its climate strategy.
A judge dismissed a long-running legal challenge against Santos Ltd., which had accused the Australian oil and gas producer of misleading investors over its climate strategy.
A Santos Ltd. pilot well operates on a farm property in Narrabri, Australia, on Thursday, May 25, 2017. A decade after the shale revolution transformed the U.S. energy landscape, Australia — poised to overtake Qatar as the world’s biggest exporter of liquefied natural gas — is experiencing its own quandary over natural gas.
Australian households — already world leaders in the number of rooftop solar panels per capita — installed as many batteries in the second half of 2025 as they did during the previous five years combined.
Australian households — already world leaders in the number of rooftop solar panels per capita — installed as many batteries in the second half of 2025 as they did during the previous five years combined.
A collection of BYD batteries inside a garage of a home in Byron Bay, Australia.
Origin Energy Ltd. will delay the retirement of Australia’s largest coal-fired power station by almost two years to ensure stable energy supply through the roll-out of renewable generation.
Origin Energy Ltd. will delay the retirement of Australia’s largest coal-fired power station by almost two years to ensure stable energy supply through the roll-out of renewable generation.
A stockpile of coal at Eraring Power Station in Eraring, New South Wales, Australia.
Australia’s Akaysha Energy Pty is considering options to raise more funds, including selling a significant minority stake, as demand for energy storage grows, according to people with knowledge of the matter.
Australia’s Akaysha Energy Pty is considering options to raise more funds, including selling a significant minority stake, as demand for energy storage grows, according to people with knowledge of the matter.
Australia’s Akaysha Energy Pty is considering options to raise more funds, including selling a significant minority stake, as demand for energy storage grows, according to people with knowledge of the matter.
Australia’s Akaysha Energy Pty is considering options to raise more funds, including selling a significant minority stake, as demand for energy storage grows, according to people with knowledge of the matter.
Chevron Corp. and private equity group Quantum Capital Group LLC will join forces to buy the international assets of sanctioned Russian oil company Lukoil PJSC, according to the Financial Times.
Chevron Corp. and private equity group Quantum Capital Group LLC will join forces to buy the international assets of sanctioned Russian oil company Lukoil PJSC, according to the Financial Times.
A Lukoil PJSC gas station in Bucharest, Romania. Photographer: Ioana Moldovan/Bloomberg
Millions of people living on the expanding outskirts of Australia’s major cities face an increasing risk of urban wildfires similar to the deadly blazes in Los Angeles last year.
Millions of people living on the expanding outskirts of Australia’s major cities face an increasing risk of urban wildfires similar to the deadly blazes in Los Angeles last year.
Homes destroyed by the Palisades Fire in Los Angeles, on Jan. 15, 2025.
UK utility Octopus Energy Group Ltd. has agreed to sell a stake in software unit Kraken Technologies at a valuation of $8.65 billion as an initial step toward spinning the business off.
UK utility Octopus Energy Group Ltd. has agreed to sell a stake in software unit Kraken Technologies at a valuation of $8.65 billion as an initial step toward spinning the business off.
Engineers prepare to install an Octopus Energy Ltd. Cosy 6 heat pump at a residential property in Derby, UK, on Tuesday, July 15, 2025. In order for the share of households with heat pumps to go from 1% now to its goal of 50% by 2040, the Climate Change Committee says consumers will need to be enticed with subsidies.
Australia will require natural gas exporters to reserve as much as a quarter of new production for domestic use, in a bid to tackle high prices and a forecast shortfall on its more populated east coast.
Australia will require natural gas exporters to reserve as much as a quarter of new production for domestic use, in a bid to tackle high prices and a forecast shortfall on its more populated east coast.
The surprise exit of Woodside Energy Group Ltd. Chief Executive Officer Meg O’Neill leaves her successor with a dilemma: should the Australian company continue down the path she set of promoting massive liquefied natural gas projects when forecasts point to a glut and lower prices?
The surprise exit of Woodside Energy Group Ltd. Chief Executive Officer Meg O’Neill leaves her successor with a dilemma: should the Australian company continue down the path she set of promoting massive liquefied natural gas projects when forecasts point to a glut and lower prices?
Meg O’Neill’s rapid rise to the top of one of the world’s biggest fossil-fuel companies has been unencumbered by doubt. At a moment when oil executives are still being pressed to move away from hydrocarbons, she has a different argument: that the world is nowhere near done with them.
Meg O’Neill’s rapid rise to the top of one of the world’s biggest fossil-fuel companies has been unencumbered by doubt. At a moment when oil executives are still being pressed to move away from hydrocarbons, she has a different argument: that the world is nowhere near done with them.
Sembcorp Industries Ltd. agreed to buy Australian power generator and retailer Alinta Energy Pty for A$6.5 billion ($4.3 billion) in enterprise value, furthering the Singaporean company’s ambitions to expand outside its home market.
Sembcorp Industries Ltd. agreed to buy Australian power generator and retailer Alinta Energy Pty for A$6.5 billion ($4.3 billion) in enterprise value, furthering the Singaporean company’s ambitions to expand outside its home market.
A worker sits at computer monitors inside the central control room of the Global Asset Management System (GAMS) at Sembcorp Industries Ltd.'s Technology and Innovation Center on Jurong Island in Singapore, on Friday, March 31, 2017. GAMS enables the management of Sembcorp's facilities around the world through advanced data analytics for process optimisation, troubleshooting and predictive maintenance.
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