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Yesterday

Denison Gas gets $65m from Realside Financial for drilling

Privately-owned Queensland gas play Denison Gas will ramp up exploration at its Punchbowl Gully convention gas field, after securing $65 million in debt funding from an institutional investor. 

  • Anthony Macdonald, Sarah Thompson and Kanika Sood

WA EPA tightens screws on Chevron’s CO2-rich Gorgon project

Chevron says the EPA’s recommendations “would result in Gorgon having the deepest greenhouse gas emissions reduction trajectory for an LNG project in Western Australia to date”.

  • Updated
  • Ben Potter

Explainer: Why is OPEC slashing oil production?

The aggressive move to raise crude prices puts Saudi Arabia on a collision course with the US, but also brings it closer to Russia.

  • Updated
  • David Sheppard and Derek Brower

AGL board ‘should support independence’: Geoff Wilson

The fund manager wants the Patricia McKenzie-led board to back the four independent directors put forward by Mike Cannon-Brookes’ private firm.

  • Angela Macdonald-Smith

Why investors should hate OPEC’s oil production cut

There are juicy geopolitical ramifications in the cartel’s decision to reduce output. But for investors, what matters are the implications for inflation and interest rates. 

  • James Thomson
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OPEC’s oil cuts deliver painful snub to West

The global oil producing cartel’s decision to reduce production is an attack on a global economy that desperately needs the price of crude to remain subdued.

  • Javier Blas

Australia risks losing the race in the great energy reset

Coal power is on its way out, but Australia faces intensifying global competition to build the infrastructure needed to replace it, Transgrid CEO Brett Redman says.

  • Updated
  • Colin Packham

NSW’s vanishing power discounts

Discounts on electricity tariffs in NSW have shrunk from 15 per cent to under 2 per cent in three months as retailers got squeezed by surging wholesale costs.

  • Angela Macdonald-Smith

Florence, the machine, hits tunnelling trouble at Snowy 2.0

A 2000-tonne machine, named “Florence”, had to be freed after getting stuck 450 metres under Kosciuszko national park, piling problems on the construction of the pumped hydro project.

  • Angela Macdonald-Smith and Jenny Wiggins

This Month

CEFC, Infradebt provide debt for ACT’s big battery

The 100-megawatt, two-hour battery being built near Queanbeyan is supported by a contract with AGL, and debt funding, including from the country’s green bank.

  • Angela Macdonald-Smith

Fortescue raises clean energy spend with $195m German investment

The investment in a German hydrogen import terminal will be in addition to the budgeted spend on the Fortescue Future Industries division.

  • Updated
  • Peter Ker

Taxpayers may end up owning unwanted coal mine

The WA government, pushing ahead with the closure of coal-fired power stations, looks set to become a part owner of an unwanted Chinese-controlled mine.

  • Brad Thompson

This man made hundreds of millions on coal, why is he selling now?

Trevor St Baker is ploughing the millions he made on coal into his electric vehicle charging network, but there are still plenty of buyers for fossil fuels.

  • Updated
  • Angela Macdonald-Smith

Clean energy pledges hinge on delivering 40 gigawatts of power

There are growing doubts about whether the scores of renewable energy projects in the eastern states can be delivered on time and on budget.

  • Mark Ludlow

Russian oil price cap would save emerging markets billions, US says

Washington is counting more on carrots than on sticks to convince governments and companies around the world to embrace the G7 plan.

  • James Politi
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Queensland wind to power Telstra under Korea Zinc deal

A $2 billion wind farm being built near Warwick in Queensland will supply Telstra with renewable power, as well as a zinc refinery and the state’s CleanCo.

  • Updated
  • Angela Macdonald-Smith

Investors want more detail on AGL’s transition plan ahead of AGM

Sparks look set to fly over the directors nominated by Grok Ventures and the extent to which its transition plan aligns with the Paris climate goals.

  • Angela Macdonald-Smith

QIC’s Pacific Energy back in front of banks

QIC’s remote power play Pacific Energy looks like it has a big warchest for new projects, after landing a fresh $860 million debt package. 

  • Anthony Macdonald, Sarah Thompson and Kanika Sood

Federal Court expedites Santos appeal of Tiwi Islanders’ court win

Chief Justice James Allsop promised to fast track Santos’ appeal of last month’s landmark decision that barred it from drilling eight wells in the Barossa gas field.

  • Hannah Wootton

WA flags years of coal imports as power station shuts down

WA’s Labor government says state-owned power supplier Synergy might need to import coal over the next seven years.

  • Brad Thompson