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Renewables will be the main source of global energy by 2040, BP says

Renewables will be the main source of global energy by 2040, BP says

The oil and gas giant predicts renewable energy will become the world’s main source of power within the next 20 years, as the planet shifts towards a lower carbon future.

  • by Cole Latimer

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Reduced demand doing little to stop wholesale power prices rising, says AEMO
Electricity

Reduced demand doing little to stop wholesale power prices rising, says AEMO

The energy market operator says Australians have been relying less on the grid but it is doing little to stem rising wholesale power prices which reached record highs last year.

  • by Cole Latimer
Dividend bonanza for Woodside investors ahead of possible tax change
Woodside Petroleum

Dividend bonanza for Woodside investors ahead of possible tax change

The oil and gas giant has hiked its full-year dividend above $US1 for the first time since 2015.

  • by Cole Latimer
'Backflips and turmoil': Shell CEO urges business to take lead on climate
Oil

'Backflips and turmoil': Shell CEO urges business to take lead on climate

Shell has blasted the federal government over climate and energy policies saying business needs to take the lead on climate action.

  • by Cole Latimer
Beach Energy profit jumps nearly 200 per cent
Oil

Beach Energy profit jumps nearly 200 per cent

Oil and gas company Beach Energy has seen its profits and revenues jump more than 100 per cent as it rode the wave of the oil boom and briefly became the country’s largest oil producer.

  • by Cole Latimer
New gas to flow to Victoria in July, says Cooper Energy
Cooper Energy

New gas to flow to Victoria in July, says Cooper Energy

Cooper Energy will bring new gas supplies to Victoria and South Australia as soon as July as it brings its Sole gas project online.

  • by Cole Latimer
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Has the ship sailed for floating LNG?
Oil

Has the ship sailed for floating LNG?

Giant floating gas processing ships were once touted as the solution for accessing major gas reserves in remote and deep water but the industry now appears to have missed the boat as focus shifts back to onshore processing.

  • by Cole Latimer
Origin's APLNG posts record gas revenue
Origin Energy

Origin's APLNG posts record gas revenue

Origin Energy's jointly owned LNG venture in Queensland lifted quarterly revenue 45 per cent on the previous year on higher LNG and oil prices and a weaker Australian dollar.

  • by Cole Latimer
The 'Gas Hunger Games': Four predictions for gas in 2019
Oil

The 'Gas Hunger Games': Four predictions for gas in 2019

Gas is forecast to have a tumultuous path ahead in 2019.

  • by Cole Latimer
Oil Search sees second half surge after 'challenging year'
Oil

Oil Search sees second half surge after 'challenging year'

Oil Search CEO Peter Botten says the company has seen a fourth-quarter surge after it faced the most challenging year in its history.

  • by Cole Latimer
Kleenheat regrets 'misleading' gas discount advertisements
Wesfarmers

Kleenheat regrets 'misleading' gas discount advertisements

“WA gas customers who saw the Kleenheat advertisements could easily have assumed the discount was permanent and applied to the entire bill."

  • by Hannah Barry