Australia has given environmental approval to a multibillion -dollar undersea power cable project, linking the mainland to renewable power generated on the island state of Tasmania.
Australia has given environmental approval to a multibillion -dollar undersea power cable project, linking the mainland to renewable power generated on the island state of Tasmania.
Australia is set to spare powerful liquefied natural gas exporters from new taxes, even as global supply disruptions drive up prices and profits and the national budget is set to remain deep in deficit across the forecast horizon.
Australia is set to spare powerful liquefied natural gas exporters from new taxes, even as global supply disruptions drive up prices and profits and the national budget is set to remain deep in deficit across the forecast horizon.
Santos Ltd. is restructuring the company’s oil and gas business in order to cut costs, according to an internal notice seen by Bloomberg, after a string of stymied takeover bids in recent years that have raised pressure to increase shareholder returns.
Santos Ltd. is restructuring the company’s oil and gas business in order to cut costs, according to an internal notice seen by Bloomberg, after a string of stymied takeover bids in recent years that have raised pressure to increase shareholder returns.
Installations are set to jump, led by Europe, the Middle East, Africa and Latin America.
ZAOZHUANG, CHINA - MARCH 10, 2024 - An aerial photo shows the largest energy storage 400MW project in Shandong province on March 10, 2024 in Zaozhuang city, Shandong Province, China. The ultra-long life battery used in this project uses lithium-ion cycle supplement technology, which can make the cycle of the energy storage battery cell up to 10,000 times, and the battery life exceeds 15 years, which is the first electrochemical energy storage project in Shandong Province to apply this technology. (Photo credit should read CFOTO/Future Publishing via Getty Images) Photographer: CFOTO/Future Publishing
Viva Energy Group Ltd. shares fell after the company said its Geelong refinery in Australia will boost diesel, jet fuel and gasoline production to about 90% of capacity over the next few weeks after a major fire forced it to cut output.
Viva Energy Group Ltd. shares fell after the company said its Geelong refinery in Australia will boost diesel, jet fuel and gasoline production to about 90% of capacity over the next few weeks after a major fire forced it to cut output.
Chinese-controlled Yancoal Australia Ltd. agreed to acquire an 80% stake in the Kestrel coking coal mine in Queensland from a venture between EMR Capital Advisors Pty and Adaro Capital Ltd. for as much as $2.4 billion.
Chinese-controlled Yancoal Australia Ltd. agreed to acquire an 80% stake in the Kestrel coking coal mine in Queensland from a venture between EMR Capital Advisors Pty and Adaro Capital Ltd. for as much as $2.4 billion.
A stacker-reclaimer operates next to stockpiles of coal. Photographer: Brendon Thorne/Bloomberg
Western Australia is considering its own strategic stockpile of diesel with fuel paid for by the state after the Iran war led to shortages for key industries such as farming and mining.
Western Australia is considering its own strategic stockpile of diesel with fuel paid for by the state after the Iran war led to shortages for key industries such as farming and mining.
Japan’s Inpex Corp. will make two additional cargoes of natural gas condensate — used to produce refined fuels such as gasoline — from its Australian liquefied natural gas export project available to domestic refiners, as the country grapples with fuel shortages.
Japan’s Inpex Corp. will make two additional cargoes of natural gas condensate — used to produce refined fuels such as gasoline — from its Australian liquefied natural gas export project available to domestic refiners, as the country grapples with fuel shortages.
SYDNEY, AUSTRALIA - MARCH 22: A motorist fills up her car with petrol March 22, 2005 in Sydney, Australia. A surge in oil prices to a record level of US$56.72 a barrel has led to increased petrol pump prices across the country. (Photo by Ian Waldie/Getty Images)
Australia will further cut fuel taxes to cushion households from rising prices as the Iran war upends global supply chains.
Pedestrians in front of a Louis Vuitton store in Sydney, Australia, on Thursday, July 24, 2025. Australia is scheduled to release consumer price index (CPI) figures on July 30. Photographer: Brendon Thorne/Bloomberg
Western Australia invoked emergency powers to force fuel suppliers to provide detailed information on their supply chains, as the nation seeks to manage an ongoing shortage spurred by panic-buying in the wake of the war in Iran.
Western Australia invoked emergency powers to force fuel suppliers to provide detailed information on their supply chains, as the nation seeks to manage an ongoing shortage spurred by panic-buying in the wake of the war in Iran.
A petrol station in Perth on March 23. Photographer: ANTONY DICKSON/AFP
Australia is seeking to leverage its vast liquefied natural gas exports to Asia to secure fuel supplies in return, as the country grapples with shortages triggered by the war in Iran.
Australia is seeking to leverage its vast liquefied natural gas exports to Asia to secure fuel supplies in return, as the country grapples with shortages triggered by the war in Iran.
Australia, among the world’s top liquefied natural gas exporters, will hold an inquiry to examine taxes on oil and gas firms like Chevron Corp., Woodside Energy Group Ltd. and Santos Ltd., as the Iran war pushes up energy prices, creating a windfall for producers.
Australia, among the world’s top liquefied natural gas exporters, will hold an inquiry to examine taxes on oil and gas firms like Chevron Corp., Woodside Energy Group Ltd. and Santos Ltd., as the Iran war pushes up energy prices, creating a windfall for producers.
Liquefied natural gas (LNG) storage tanks at Shell's Queensland Curtis LNG plant on Curtis Island, Australia, on Tuesday, Sept. 12, 2023. Australia needs to encourage new investment in natural gas production to help prevent any domestic energy crunch and maintain the nation's A$92 billion ($59 billion) export industry, according to a Shell executive. Photographer: Ian Waldie/Bloomberg
A weeks-long outage at a major Australian liquefied natural gas export plant has dealt a further blow to a global market still reeling from the halt of operations in Qatar.
A weeks-long outage at a major Australian liquefied natural gas export plant has dealt a further blow to a global market still reeling from the halt of operations in Qatar.
Three Australian plants that provide about 8% of the world’s liquefied natural gas have had their output curbed by a cyclone, in a further blow to mainly Asian buyers reeling from the halt of shipments from Qatar.
Three Australian plants that provide about 8% of the world’s liquefied natural gas have had their output curbed by a cyclone, in a further blow to mainly Asian buyers reeling from the halt of shipments from Qatar.
The Gorgon liquefied natural gas (LNG) and carbon capture and storage (CCS) facility, operated by Chevron Corp., on Barrow Island, Australia, on Monday, July 24, 2023. Chevron received approval to develop the site into a major liquefied natural gas export facility on the basis they could capture and store 80% of the CO2 mixed in with the fuel, instead of releasing it.
Severe Tropical Cyclone Narelle strengthened and is threatening to disrupt gas and iron ore operations on Australia’s west coast, after leaving mine closures and evacuations in its wake along the north shore over the past week.
Severe Tropical Cyclone Narelle strengthened and is threatening to disrupt gas and iron ore operations on Australia’s west coast, after leaving mine closures and evacuations in its wake along the north shore over the past week.
Bulk carriers sitting offshore wait to enter the port in Port Hedland, Australia, on Monday, March 18, 2019. The two parts of the town — Port Hedland and South Hedland — are divided by the water and long red piles of iron ore between rail tracks that are waiting to be loaded onto ships that dock along the edges of the inlet.
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.
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