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Blackouts and Coles Express wipe Viva Energy earnings predictions

Blackouts and Coles Express wipe Viva Energy earnings predictions

A major blackout and poor refining performance have forced petroleum company Viva Energy to drop its earnings forecasts, wiping $770 million off its value on Monday.

  • by Cole Latimer

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Labor poised to sign off on long-awaited energy plan
ALP

Labor poised to sign off on long-awaited energy plan

The policy, due to be considered by shadow cabinet on Monday, is expected to include a framework modelled on the now-defunct National Energy Guarantee.

  • by Nicole Hasham
Competition watchdog clears Santos' $3 billion takeover of Quadrant
Santos

Competition watchdog clears Santos' $3 billion takeover of Quadrant

The Australian Competition and Consumer Commission will not oppose oil and gas giant Santos’ acquisition of the West Australian gas company.

  • by Cole Latimer
Fears of summer blackouts sees energy operator push business to cut power
Electricity

Fears of summer blackouts sees energy operator push business to cut power

The Australian Energy Market Operator will rely on big energy consuming businesses cutting back their demand to prevent potential blackouts during summer.

  • by Cole Latimer & Benjamin Preiss
'Talking their own book': Taylor slams Woodside's carbon price call
Woodside Petroleum

'Talking their own book': Taylor slams Woodside's carbon price call

Federal Energy Minister Angus Taylor has launched a spray at energy giant Woodside, dismissing its calls for a carbon price as an effort to sell more of its gas.

  • by Cole Latimer
'Time is right but tight': WA mega LNG hub spruiked to fill global demand
Energy

'Time is right but tight': WA mega LNG hub spruiked to fill global demand

Woodside Australia senior vice-president Niall Myles says WA needs to be quick to capitalise on a looming global LNG supply gap.

  • by Hamish Hastie
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Electricity retailer fined for forcing brain damaged man to sign up
Electricity

Electricity retailer fined for forcing brain damaged man to sign up

Simply Energy has been fined $20,000 for signing up a customer with a brain injury without his consent in a case described as "disturbing".

  • by Cole Latimer
'Damaging spikes': International Energy Agency sends an oil price warning
Oil

'Damaging spikes': International Energy Agency sends an oil price warning

The International Energy Agency has forecast a coming global oil price crunch in the early 2020s as growing demand outstrips supply.

  • by Cole Latimer
'You've got to push back against China': CKI rejection the right thing: expert
Gas

'You've got to push back against China': CKI rejection the right thing: expert

A China expert says Australia has to "push back against China" as the PM defends CKI's bid rejection.

  • by Cole Latimer
Snowy Hydro says multibillion-dollar energy project doesn't need cost-benefit test
Exclusive
Energy

Snowy Hydro says multibillion-dollar energy project doesn't need cost-benefit test

Experts say allowing Snowy Hydro to avoid scrutiny over the project risks repeating old mistakes that led to higher power bills.

  • by Nicole Hasham
Has Chinese investment become toxic?
Analysis
Foreign investment

Has Chinese investment become toxic?

The government's decision on Wednesday to reject Hong Kong utility firm CKI's $13 billion takeover bid for Australian gas pipeline company APA has forced a revision of just how open Australia remains to Chinese investment.

  • by Cole Latimer