Yesterday
Cyclone forces WA LNG shutdowns, worsening global gas crunch
More than a quarter of global LNG supply has been knocked out by the suspension of exports from Qatar and disruption to WA operations from Cyclone Narelle.
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.
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.
Inside Fortescue’s AI ‘hive’ that could save the mining giant billions
The Andrew Forrest-chaired group has long had green ambitions. Many have not come off. This time, it is banking on automation to end a need for costly diesel.
Not in the dictionary, but no mistaking envoy’s meaning
Japan’s ambassador to Australia says any change to gas taxes will curtail investment and Australia’s reputation as a reliable energy partner.
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 is an energy emergency: Entire countries may run out of oil
Some 10.5 million barrels a day of production has been closed because countries have run out of storage or face drone attacks on offshore rigs.
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.
Crisis a reminder fossil fuels still key to global economic health
No country will be spared the effects of the Middle East conflict, warns the head of the International Energy Agency.
Supply cliff edge looms as Gulf’s final LNG shipments approach ports
Qatar’s LNG import terminals have reduced their operations to one-sixth of normal levels and will have stopped dispatching gas completely by the end of the month.
Eyes on 3D Energi as oil and gas giant Conoco flexes buy-out rights
Sources said 3D has hired advisers to negotiate the buy-out with ConocoPhillips. It is also said to be courting regional players capable of lobbing a rival bid.
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.
Jillaroo to CEO: Liz Westcott’s unusual journey to the top of Woodside
The new chief executive says she’s always enjoyed surprising people. She wants her actions to speak louder than words as she takes the helm at the company.
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.
Power prices ‘to fall 10pc’ – but customer pain to stay
Households in NSW, SA and south-east Queensland should get a cut in bills on July 1, but that could be derailed by the turmoil in global energy markets.
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.
Woodside opts for safe hands as Westcott anointed as CEO
The former ExxonMobil senior executive has a top-notch operational track record but will need to prove her commercial nous, investors say.
Chinese fuel bound for Australia fails to load amid supply scramble
By the end of next week, diesel supplies could be feeling a pinch from reduced imports, according to some estimates, as the Strait of Hormuz remains closed.
Woodside deal boosts LNG exports in exchange for domestic gas
Woodside has secured permission to export almost three million tonnes of additional liquefied natural gas from its operations in north-west Australia.
Woodside faces slower green ammonia start-up as customer demand lags
The delay to the start of low-carbon ammonia at a plant in Texas comes as the company confirmed its $7 billion target for clean energy investments by 2030 despite the Iran war.
Another renewable energy project in Queensland falls into strife
A Chinese solar company has scrapped its proposal after significant opposition from a regional community.
US oil groups in line for $90b windfall from Gulf war disruption
The extra cash flow should benefit shale companies, which have limited operations in the Middle East. The picture is more complicated for international oil groups.
Australia exposed in global scramble for fuel
The disruption to supplies from China comes amid refiners around Asia reducing production as they struggle to source all the crude oil they need.
Goldman Sachs, Macquarie say oil price could reach $US150
Analysts are upgrading forecasts for Brent crude as the Iran conflict escalates, with one suggesting $US240 a barrel was possible in a worst-case scenario.
US private equity buys JERA stakes in Gorgon, Ichthys LNG
The sale of minority stakes in two of Australia’s biggest LNG projects to MidOcean comes as prices for the fuel have surged with the shutdown of export giant Qatar LNG due to the Iran war.
