This Month
Full speed ahead on Qld’s Taroom Trough oil amid fuel security fears
Oil from 3 kilometres underground in south-east Queensland could flow to Ampol’s Brisbane refinery within two years, helping cut reliance on imports.
‘Really escalating now’: Lobster prices to rise before Easter
Fuel insecurity is driving up prices for lobster fishers and prompting some West Australian farmers to delay seeding ahead of the first autumn rain.
Batteries, coal push out East Coast gas shortage to 2029
Delays in coal power station closures and a wave of battery storage projects have cut expected demand for gas, helping ease the imminent threat of a shortfall.
Snowy suffers fresh pain over Kurri Kurri project delays and costs
S&P Ratings has warned that the cost blowouts at the project and at Snowy 2.0 mean the company will need more financial support from the federal government.
This law firm is paying staff $30 a week to forgo WFH
The temporary fuel relief program aims to help offset the rising cost of travelling to the office, as fuel prices soar in response to the Middle East conflict.
Twiggy and BHP lock horns over diesel excise rebate
BHP has warned against pushing too quickly to decarbonise the mining industry, given the realities of the international oil shock.
Santos hit by outage at Barossa LNG just as gas faces global crunch
The stoppage at the gas project in the Timor Sea has cut LNG supplies to Asia, the region worst affected by the absence of exports from Qatar and a spike in prices.
Bowen’s fuel contradiction is fuelling uncertainty
To restore confidence the Albanese government must level with the public about the risks facing the country and what it is doing to mitigate them.
Fuel price gouging fears distract from our real energy problem
Petrol demand is too inelastic to respond to the price signal. Whether we like it or not, this country runs on diesel.
Gas buyers ‘hold breath’ amid fears local prices to track LNG surge
The worries among users have been exacerbated by last week’s spike in LNG prices after the damage to Qatar’s facilities which may take up to five years to fix.
Macquarie-backed Rela blitzes UK farmers with cash-for-lease deals
Rela pays out farmers an upfront lump sum for leasing their land for clean energy projects. Macquarie and Oaktree like what they see.
Work from home and limit flights, urges IEA, as fuel crisis deepens
The International Energy Agency warning came as major companies reworked pricing and supply chains to withstand a drawn-out Middle East conflict.
Australia may exploit LNG ‘leverage’ to secure oil from Asia
The energy minister says fuel disruptions can be expected, but the government is currently not planning to invoke emergency rationing powers.
Gas tax on the agenda as war prompts budget rethink
Proceeds from a new levy on gas giants could be used to help Australians cope with any spike in energy prices caused by the Iran conflict.
War forces Ampol to import US crude, defer refinery shutdown
Delaying maintenance work at Ampol’s Brisbane refinery from early June to the start of August will result in an extra 300 million litres of fuel being produced.
Morgan Stanley says Australia at ‘front of the queue’ for oil hit
The Wall Street investment bank’s strategists have told clients that an extended conflict in the Middle East could have an outsized hit to earning on the ASX.
We can’t let the market manage fuel security any more
A major rethink of how Australia ensures fuel security, while also delivering it at the lowest possible price, is required. These five ideas could help us.
A fuel crisis for everyone but Albanese
Perhaps the Fuel Supply Taskforce can recommend politicians make better use of Zoom.
LNG markets could face year-long turmoil after strike on Qatar facility
The missile attack on the plant could disrupt global supply for more than a year, as analysts tear up forecasts from earlier this year of a slump in prices.
The $300m power play: Inside the plan to save Tomago
The Albanese government says its plan to save a failing aluminium smelter will turbocharge Australia’s energy transition. But at what cost?
