Today
CEFC spend to rise to jump-start grid build-out
Funding for big-ticket transmission projects is set to swell spending by Australia’s green bank this year beyond the $1.8 billion invested in 2023-24.
Yesterday
Beach Energy shares plummet as Enterprise gas field reserves slashed
The downgrade of the size of the gas field on Victoria’s coast has shaken the market, with analysts worried about other new projects.
Shell, PetroChina to expand huge Surat coal seam gas project
The investment, expected to cost billions of dollars, will supply export customers and the domestic market, where regulators have warned of looming shortages.
This Month
Project blowout worries cast shadow over energy profits season
Even oil and gas producers regarded as a relatively safe bet on earnings may yield some unpleasant surprises, analysts say. A higher global gas price may help.
Threat to customer safety cited in call to end sparkie work bans
Endeavour Energy has launched legal action to stop six months of industrial action, as other power workers join to form a triple threat to major projects in NSW.
- Exclusive
- Energy security
Vales Point coal plant owner eyes gas plant, batteries
Delta joins Squadron Energy and others in studying potential investments in new gas power plants to support the transitioning electricity system.
Energy needs count, WA warns EPA on gas approvals
Governments cannot throw economic and energy security out the door in favour of environmental factors when assessing gas projects, the WA treasurer says.
Woodside punished as investors query ‘marginal’ green projects
The oil and gas producer had almost $2.6 billion wiped off its market value as investors struggled to accept projected returns on a large US acquisition.
- Updated
‘Wildly bizarre’: Qld Labor’s petrol price pledge panned
Queensland’s extraordinary bid to open publicly owned petrol stations was panned by industry and economists.
Closing Eraring would have driven up power bills: research
Electricity prices would be $55 a megawatt-hour higher if Origin were to close the coal power plant next year, the government was told.
EnergyAustralia returns to profit as prices jump
After two June halves of heavy losses, EnergyAustralia has surged back into the black, buoyed by sharply higher wholesale prices when renewables fell short.
Woodside signs $3.7b deal to buy lower-carbon ammonia project
The acquisition of the gas-based ammonia project under construction in Texas is by far the biggest move by the producer into the “new energy” space.
Marinus Link makes billion-dollar cable commitment
The order should ensure the $3 billion-plus project to build a second power link to Tasmania starts up in 2030 when the energy market operator says it’s needed.
- Exclusive
- Energy prices
Humelink budget trimmed but cost worries persist
The energy regulator has disallowed about $314 million of costs to build the contentious transmission line from Transgrid’s original proposal.
July
Elecnor blames earnings slump on SA-NSW high-voltage cable project
EnergyConnect’s Spanish contractor has recorded a provision of $13.98 million for losses on its Australian projects in the six months to June 30.
Eraring output at five-year high as coal dependence persists
Origin Energy lifted provisions on plant sites by $235 million and warned of a big jump in coal costs for the generator.
No wind or sun? Try using compressed air and molten salts
“You want as many cards up your sleeve as you can,” says Hydro Tasmania chief executive Ian Brooksbank of emerging renewable generation technologies.
Origin Energy ups battery investments with $450m Eraring project
The second power storage system to be installed at the NSW Central Coast site will have more than double the duration of the first one.
Cold snap confirms energy price surge, and need for gas and coal
Light winds through much of the June quarter drove a return to gas and coal power, and pushed up wholesale prices drastically in some states.
- Updated
- Gas
Woodside says investors back $1.4b US buy, but some have questions
Meg O’Neill says no investors have questioned investing in US LNG, but Aware Super queried the impact on climate targets and shares fell further on Tuesday.
- Updated
