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The Latest News from oil and gas - upstream activities

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.

Streamlining new offshore gas fields still on the table

Streamlining new offshore gas fields still on the table

Streamlining new offshore gas fields still on the table

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

Future gas plan 'deaf' to traditional owners' concerns

Future gas plan 'deaf' to traditional owners' concerns

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.

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Charm offensive on Aussie carbon dump for net-zero Asia

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'

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.

Dutton doubles down on gas, rejects support for mining

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

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.

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Industry rebuffs calls to slash fossil fuel subsidies

Industry rebuffs calls to slash fossil fuel subsidies

Industry rebuffs calls to slash fossil fuel subsidies

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

Consumers miss out on utilities' maintenance windfall

Consumers miss out on utilities' maintenance windfall

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

New resources tax not a 'fair return' for Australians

New resources tax not a 'fair return' for Australians

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

Damage from methane adds to pressure for carbon levy

Damage from methane adds to pressure for carbon levy

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

Great fracking day: territory inks mega gas deal

Great fracking day: territory inks mega gas deal

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.

Woodside defends 'honest' response to climate change

Woodside defends 'honest' response to climate change

Woodside defends 'honest' response to climate change

Woodside defends 'honest' response to climate change

Woodside Energy's chair Richard Goyder has defended the gas giant's response to climate change in the face of fierce criticism of expansion plans.

Divest or liquidate the 'end game' for Santos, Woodside

Divest or liquidate the 'end game' for Santos, Woodside

Divest or liquidate the 'end game' for Santos, Woodside

Divest or liquidate the 'end game' for Santos, Woodside

Independent research presents stark options for Australia's gas producers as shareholders get set to scrutinise Santos and Woodside Energy on expansion plans.

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Consumers hit in decade-long 'jihad on gas', users say

Investment delays or ending projects to develop gas reserves could result in a worse supply outlook, a regulator warns, as pressure on the industry intensifies.

Call to block Woodside's $50b gas peninsula expansion

Prominent Australians have urged Environment Minister Tanya Plibersek to save sacred sites they say are at risk from a new gas export hub in Western Australia.

'Deliberate demand destruction' stinging gas consumers

Western Australia faces an immediate gas supply risk triggered by the rush to run the nation on renewable energy, an audience of business leaders has heard.

Woodside Energy deal to secure domestic WA gas supply

Woodside Energy says it is in the final stages of striking a deal with the West Australian government to make more gas available for the local market.

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Beetaloo 'massive sinkhole' for taxpayers, investors

A vast source of onshore gas up for development could waste billions of taxpayer and investor dollars by being unable to compete with a "glut" of foreign LNG.

Woodside preparing 'new climate bomb' on gas peninsula

A gas hub proposed by Woodside Energy would undermine efforts to counter climate change and seriously damage Australia's credibility, environmentalists say.

Woodside, Santos expansion less than super for funds

Some superannuation funds are reducing exposure to Woodside and Santos as members demand more climate action instead of their money bankrolling new gas fields.

Who Dat: Karoon Energy reveals record $126m profit

Karoon Energy has posted its best-ever profit and is looking forward to more production from its oil and gas field apparently named by a New Orleans Saints fan.

Gas giant Santos accused of eroding shareholder value

Gas giant Santos has been accused of eroding shareholder value with a record dividend and no update on the future after Woodside merger talks were terminated.

NSW offshore drilling ban will be Australian first

NSW is shutting the door on offshore drilling and mining operations in its waters, sabotaging PEP-11 and other projects.

Santos reveals extent of costs from Barossa court delay

Oil and gas giant Santos will have to spend hundreds of millions of dollars extra on its massive Barossa LNG project after it was hit by legal delays.

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politics economy, business and finance australia new south wales company information environmental issue western australia indigenous people diplomacy energy transport energy and resource economy environmental politics northern territory education government mining electricity production and distribution global warming

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