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Latest news: Oil and Gas - Upstream Activities

Karoon Energy looks to turn the page after 'tough' half

Karoon Energy looks to turn the page after 'tough' half

Australian Stock Exchange-listed oil and gas producer Karoon Energy had a disappointing half due to reliability and safety issues but says it will improve.

Short, stout and scuppering $50 billion gas field plans

Short, stout and scuppering $50 billion gas field plans

Short, stout and scuppering $50 billion gas field plans

Short, stout and scuppering $50 billion gas field plans

An oil spill and related activities are already inferred to have a significant and ongoing impact on a reef-dwelling reptile, triggering an endangered marking.

Timor-Leste to take stake in gas field, carbon capture

Timor-Leste to take stake in gas field, carbon capture

Timor-Leste to take stake in gas field, carbon capture

Timor-Leste to take stake in gas field, carbon capture

Santos and its joint venture partners have agreed to give Timor Leste a stake in a long-running gas venture to keep plans for a carbon capture hub alive.

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Voters step on the gas as NT faces 'turning point'

Voters step on the gas as NT faces 'turning point'

Election day is on in the Northern Territory where green groups, tourism operators and doctors fear an industrial expansion will harm residents and wildlife.

Santos drilling for gas demand well into the future

Santos drilling for gas demand well into the future

Oil giant Santos is juggling capital-intensive projects, including the hotly contested Narrabri field in NSW, as rising costs and lower LNG prices hit profits.

More gas diverts clean energy investment, critics warn

More gas diverts clean energy investment, critics warn

Critics slam an inquiry's claim that Western Australia will need new sources of gas to meet domestic requirements for decades, even as the state decarbonises.

Origin Energy eyes gas imports, longer life for Eraring

Origin Energy eyes gas imports, longer life for Eraring

Electricity and gas giant Origin Energy warns Australia will need to import gas to meet domestic demand and taxpayers may have to pay to burn coal for longer.

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Call for Woodside to respect decision on 'climate bomb'

Call for Woodside to respect decision on 'climate bomb'

Call for Woodside to respect decision on 'climate bomb'

Call for Woodside to respect decision on 'climate bomb'

A decision to defuse a "climate bomb" could be imminent as a regulator reportedly puts pristine marine life ahead of Australia's biggest proposed gas field.

Call for Woodside to extract more value, not more gas

Call for Woodside to extract more value, not more gas

Call for Woodside to extract more value, not more gas

Call for Woodside to extract more value, not more gas

Woodside Energy is under fire for its management of climate risk and capital as activist investors slam recent "high-cost, high-emission" acquisitions.

Permits for new gas exploration risk 'climate disaster'

Permits for new gas exploration risk 'climate disaster'

Permits for new gas exploration risk 'climate disaster'

Permits for new gas exploration risk 'climate disaster'

Australia needs more gas to fast-track the phase out of coal, explorers say, but critics warn new offshore gas exploration permits are a "climate disaster".

Clean energy sector rallies against nuclear 'mistruths'

Clean energy sector rallies against nuclear 'mistruths'

Clean energy sector rallies against nuclear 'mistruths'

Clean energy sector rallies against nuclear 'mistruths'

A clean energy industry body has sounded the alarm on "bad faith actors" who are accused of using misinformation to mislead Australian voters on nuclear power.

Domestic gas inquiry gives itself more time on deficit

Domestic gas inquiry gives itself more time on deficit

Domestic gas inquiry gives itself more time on deficit

Domestic gas inquiry gives itself more time on deficit

Facing a possible domestic gas deficit, export powerhouse Western Australia has delayed putting the squeeze on producers with a crucial inquiry given more time.

Call to cut exports, not follow 'wrong' future gas plan

Call to cut exports, not follow 'wrong' future gas plan

Call to cut exports, not follow 'wrong' future gas plan

Call to cut exports, not follow 'wrong' future gas plan

A phase-down of gas exports and reserving supplies for dwindling local use would be a "real future gas strategy" for Australia, according to a climate body.

Wanted: Geoscientists for jobs in old and new energy

Wanted: Geoscientists for jobs in old and new energy

Wanted: Geoscientists for jobs in old and new energy

Wanted: Geoscientists for jobs in old and new energy

Energy leaders are warning of a shortage of geoscientists for oil and gas exploration and carbon storage and a skills gap for seismic surveys for offshore wind.

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Streamlining new offshore gas fields still on the table

Changes to environmental approvals for new offshore gas will return to federal parliament after a review, despite being pulled in a recent deal with the Greens.

Future gas plan 'deaf' to traditional owners' concerns

Crossbench senators have attacked the future gas strategy as a "morally bankrupt" plan that also misrepresents the views of Australia's traditional owners.

Charm offensive on Aussie carbon dump for net-zero Asia

Costly carbon capture and storage could be the price Australia must pay for retaining emissions-intensive industrial jobs without pumping out more pollution.

Super funds giving a green light to 'climate wreckers'

Superannuation funds have come under fire for doubling down on their investments in fossil fuels while cutting half a billion dollars from green energy funding.

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Dutton doubles down on gas, rejects support for mining

Domestic gas production will expand, approvals will be fast-tracked and nuclear reactors rolled out to keep the lights on under a coalition government.

Electricity grid 'not fit for purpose' without new gas

Consumers have been warned of higher taxes or power bills if gas remains banned under federal and state government building programs for new power generation.

Industry rebuffs calls to slash fossil fuel subsidies

Fossil fuel subsides are increasing and undermining Australia's climate efforts, a think tank says, but energy producers insist they're paying plenty of tax.

Consumers miss out on utilities' maintenance windfall

The utilities sector is expected to have the slowest growth in maintenance spending as higher-cost fossil fuel generators are replaced by renewable energy.

New resources tax not a 'fair return' for Australians

A parliamentary inquiry has ruled in favour of offshore petroleum tax changes but critics say Australians will still not get a fair return on their resources.

Damage from methane adds to pressure for carbon levy

A leading economist has doubled down on calls for a $100 billion a year carbon tax to back new industries and stop pumping out "astounding" levels of methane.

Great fracking day: territory inks mega gas deal

The NT will buy gas fracked from the Beetaloo basin in a nine-year deal the government claims will boost the territory's economy and ensure cheaper power bills.

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