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Latest news: Oil and Gas - Upstream Activities

Iran hits back at Gulf refineries after Israeli strike

Iran hits back at Gulf refineries after Israeli strike

The latest escalation ‌in the Iran war heightens the disruption of global energy supplies that has raised the political stakes for US President Donald Trump.

'Over-prepared': PM's pledge on growing fuel crisis

'Over-prepared': PM's pledge on growing fuel crisis

'Over-prepared': PM's pledge on growing fuel crisis

'Over-prepared': PM's pledge on growing fuel crisis

Australia will have a single point of contact co-ordinating fuel supplies and issues that might arise due to the Iran war, with further measures expected.

Fuel supply boosted as oil price threatens record highs

Fuel supply boosted as oil price threatens record highs

Fuel supply boosted as oil price threatens record highs

Fuel supply boosted as oil price threatens record highs

The government has temporarily lowered Australia's fuel quality standards to boost supplies as the war in the Middle East disrupts global markets.

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Pressure to fix gas tax raising less revenue than beer

Pressure to fix gas tax raising less revenue than beer

Senator David Pocock will ramp up pressure on the government to re-examine a fossil fuels tax that raises less money than beer thanks to a "fatal mistake".

Net zero could put Woodside in the red in five years

Net zero could put Woodside in the red in five years

Australia's biggest oil and gas producer has posted record output, but a global supply glut and the energy transition could hinder future profits.

Gas producer to cut jobs, review assets as profit falls

Gas producer to cut jobs, review assets as profit falls

Australia's second-biggest gas producer will cut one in 10 jobs and weigh up its local gas portfolio after its full year profit fell for a third straight year.

More banks give $15b PNG gas project the cold shoulder

More banks give $15b PNG gas project the cold shoulder

A total of 27 banks and credit agencies have committed not to provide financing for a proposed TotalEnergies-Santos LNG plant project in Papua New Guinea.

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Domestic producer worried about gas reservation policy

Domestic producer worried about gas reservation policy

Domestic producer worried about gas reservation policy

Domestic producer worried about gas reservation policy

Australian oil and gas exploration and production company Beach Energy is concerned about the impact of a looming east coast gas reservation policy.

Record production oils the wheels of Woodside shares

Record production oils the wheels of Woodside shares

Record production oils the wheels of Woodside shares

Record production oils the wheels of Woodside shares

Woodside Energy shares have risen 2.7 per cent after the energy giant beat production guidance and fourth-quarter revenue forecasts.

Santos lifts output, sales as first Barossa cargo loads

Santos lifts output, sales as first Barossa cargo loads

Santos lifts output, sales as first Barossa cargo loads

Santos lifts output, sales as first Barossa cargo loads

An Australian oil and gas giant has posted stronger production and revenues despite weaker commodity prices, as two long-awaited projects ramp up.

Woodside's floating gas platform arrives off WA coast

Woodside's floating gas platform arrives off WA coast

Woodside's floating gas platform arrives off WA coast

Woodside's floating gas platform arrives off WA coast

A huge 70,000-tonne floating production unit has been towed from China to sit off the West Australian coast for Woodside's $18 billion gas project.

US Senate votes to curb military action in Venezuela

US Senate votes to curb military action in Venezuela

US Senate votes to curb military action in Venezuela

US Senate votes to curb military action in Venezuela

President Donald Trump claims US oversight of Venezuela could last years, but the Senate is a step closer to a vote to restrict his actions towards the country.

US oversight of Venezuela could last years, Trump says

US oversight of Venezuela could last years, Trump says

US oversight of Venezuela could last years, Trump says

US oversight of Venezuela could last years, Trump says

President Donald Trump promises to rebuild Venezuela "in a very profitable way" after ordering its leader's capture but won't say how long US oversight will be.

Maduro due in court as loyalists send message to Trump

Maduro due in court as loyalists send message to Trump

Maduro due in court as loyalists send message to Trump

Maduro due in court as loyalists send message to Trump

Deep uncertainty surrounds the future of oil-rich Venezuela as its president Nicolas Maduro faces a US trial after being captured in a military operation.

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Aussie shares flat as oil swings on US-Venezuela coup

The raw materials sector has outweighed broader weakness to ballast the bourse, despite oil stocks slipping after the US captured Venezuela's president.

Seized tanker heads to US for 'oil confiscation'

The Justice Department obtained a warrant for the seizure of an oil tanker off Venezuela because it had been known for “sanctioned oil,” the White House says.

US seizes oil tanker off Venezuela coast, video posted

US President Donald Trump has announced the seizure of a "very large" oil tanker off the coast of Venezuela amid mounting tensions.

Gas deal to unlock wasted resource for domestic market

A deal has been signed to supply natural gas which is usually flared off into the air to meet the needs of domestic users and avoid power outages.

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Mining boss skewers Trump over moves against renewables

Renewable energy is taking over from oil, coal and gas, an Australian mining magnate has told shareholders, and efforts to hold back the trend are misguided.

Don't forget gas: industry calls for renewable support

More than 50 companies are calling on the Australian government to extend support for renewable gas projects.

Santos floating factory gets first gas from Barossa

A massive floating factory has received its first gas from a field off Darwin in welcome news for a company in the spotlight after takeover talks collapsed.

Gas plant approval wait 'frustrating': Woodside boss

Woodside has linked slow approvals for projects like the North West Shelf to weak productivity growth as the controversial project faces fresh legal challenge.

Fracking company hits out at ‘failed’ legal challenges

A bid to stop a key fracking project has been dismissed as another "failed" attempt to deny economic and social benefits to a long-overlooked community.

Premier vows to protect state in Santos takeover bid

State government approval of the takeover of one of Australia's biggest oil and gas producers will depend on keeping a local headquarters and maintaining jobs.

More gas projects, less green tape call at energy event

Gas giants have called on the Australian government to approve projects faster and let them explore more mining opportunities.

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