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Latest news: Oil and Gas - Upstream Activities

Signs point to bumpy road for motorists in fuel crisis

Signs point to bumpy road for motorists in fuel crisis

Higher fuel prices could be just weeks away as conflict in the Middle East drags on, with the nation's leaders committing to further crisis talks.

Ukraine hits refinery, Putin says attacks intensifying

Ukraine hits refinery, Putin says attacks intensifying

Ukraine hits refinery, Putin says attacks intensifying

Ukraine hits refinery, Putin says attacks intensifying

President Vladimir Putin has complained about a growing number of Ukrainian attacks on civilian sites in Russia, pointing to strikes on oil facilities.

United Arab Emirates quits OPEC in blow to oil cartel

United Arab Emirates quits OPEC in blow to oil cartel

United Arab Emirates quits OPEC in blow to oil cartel

United Arab Emirates quits OPEC in blow to oil cartel

The United Arab Emirates says it is withdrawing from OPEC, stripping the oil cartel of one of its largest producers.

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'Peddling lies': gas sector vents as tax pressure rises

'Peddling lies': gas sector vents as tax pressure rises

The minister responsible for gas in Australia has poured cold water on calls for an export tax as industry figures insist they pay their fair share.

Oil and gas giant feels the heat from climate activists

Oil and gas giant feels the heat from climate activists

Shareholders have jeered as protesters concerned about the environment repeatedly disrupted a meeting hosted by Australia's biggest oil and gas company.

Battle lines harden as gas giants take on tax proposal

Battle lines harden as gas giants take on tax proposal

Gas producers have mounted a full-throated defence of their tax contributions in an inquiry exploring opportunities for higher export levies.

Refinery owner reaps profit boost from Middle East war

Refinery owner reaps profit boost from Middle East war

Ampol, which supplies about 10 per cent of the nation's fuel supplies, has seen a big jump in margins on the back of the war in the Middle East.

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'Tiny' tax returns on gas has leading economist fuming

'Tiny' tax returns on gas has leading economist fuming

'Tiny' tax returns on gas has leading economist fuming

'Tiny' tax returns on gas has leading economist fuming

Australians have finite stocks of gas and other natural resources and deserve a fair return on them, an inquiry has been told as calls grow for tax reform.

Backbencher break ranks with call for gas export tax

Backbencher break ranks with call for gas export tax

Backbencher break ranks with call for gas export tax

Backbencher break ranks with call for gas export tax

A backbench Labor MP has urged his parliamentary colleagues to impose a new tax on gas exports despite opposition from the sector.

'Who gave you the right?': villagers take on gas giant

'Who gave you the right?': villagers take on gas giant

'Who gave you the right?': villagers take on gas giant

'Who gave you the right?': villagers take on gas giant

Leaders from remote Papua New Guinea villages have turned up at a shareholders meeting of gas giant Santos to question the board about a controversial project.

Inquiry launched as governments spar over oil project

Inquiry launched as governments spar over oil project

Inquiry launched as governments spar over oil project

Inquiry launched as governments spar over oil project

A state government has launched an inquiry into new environmental laws as it calls for a national interest exemption for an oil exploration project.

Australia won't join Trump's Strait of Hormuz blockade

Australia won't join Trump's Strait of Hormuz blockade

Australia won't join Trump's Strait of Hormuz blockade

Australia won't join Trump's Strait of Hormuz blockade

Australia has not been asked to help stop ships travelling through the critical Middle East waterway and doesn't expect to be, the prime minister says.

More cost relief on table as Aussies asked to save fuel

More cost relief on table as Aussies asked to save fuel

More cost relief on table as Aussies asked to save fuel

More cost relief on table as Aussies asked to save fuel

The impacts of the energy crisis will likely continue even if a Middle East ceasefire holds, the government warns as it prepares to roll out an ad campaign.

'Union-driven cash grab': LNG worker claims slammed

'Union-driven cash grab': LNG worker claims slammed

'Union-driven cash grab': LNG worker claims slammed

'Union-driven cash grab': LNG worker claims slammed

Union demands for workers at a gas export operation that's helping secure fuel and fertiliser for the nation don't pass the pub test, an industry group says.

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Experts pour water on 'speculative' oil field proposal

An energy expert is pointing to logistical and political hurdles to oil drilling in Australia as climate campaigners pour cold water on a proposal.

State seeks oil-drilling project in 'national interest'

A state premier is urging the federal government to fast-track approval to drill for oil in response to the fuel crisis, bypassing environment protection laws.

Oil exec handed largest ever fine over contract rigging

A court has fined an oil company $5 million and its chairman $1 million for cartel conduct in a case brought by the competition watchdog.

Iran hits Kuwaiti oil refinery, blasts boom over Tehran

Israel and Iran have launched fresh attacks on each other, a ‌day after Tehran struck an Israeli oil refinery.

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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

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

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

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

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

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

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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Politics Australia Queensland Unrest, Conflicts and War Economy, Business and Finance Middle East Western Australia Environmental Issue Indigenous People Commonwealth of Independent States Tasmania Energy Energy and Resource Environmental Politics Inquiry Mining International Foreign Trade Global Warming Media State Budget and Tax

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