This Month
Origin drops another $530m on UK energy player Octopus
Origin’s stake rises to 23pc, in a deal that values Octopus – which may have played a role in thwarting the EIG-Brookfield bid for Origin – at almost $12 billion.
- Hans van Leeuwen
Corporate raiders oust CEO, board of Carnarvon Energy
Nero Resources Fund and Collins St Asset Management staged the regime change after frustrations over the handling of an offshore gas project majority-owned by Santos.
- Updated
- Elouise Fowler
Support for wind farms declines but solar still king: poll
The popularity of wind-generated energy has taken a hit in the latest Financial Review/Freshwater Strategy poll, while support for nuclear has lifted a little.
- Phillip Coorey
Carnarvon Energy board under siege from angry investors
Big investors joined forces in a bid to oust long-serving Carnarvon Energy leaders, amid tensions over the future of a major Santos-controlled offshore gas project.
- Brad Thompson
Your office could double as a data centre – with free hot water
Liquid-cooled server racks can create opportunities in technology and real estate as demand for computing power grows with artificial intelligence.
- Michael Bleby
Woodside hits back at Forrest over attack on CEO
Federal resources minister Madeleine King and Woodside have blasted mining billionaire and green energy advocate Andrew Forrest over an attack on Meg O’Neill.
- Brad Thompson
Oil’s brief relief rally fades as bearish sentiment settles in
US oil retreated below $US70 a barrel after slumping 11 per cent over the previous five sessions, the longest run of daily losses since February.
- Mia Gindis
- Opinion
- Chanticleer
Woodside-Santos merger makes sense. Now for the hard part
Global energy giants have got even bigger in 2023, and doubled down on fossil fuels. A merger between Woodside and Santos would create a national champion to stand among them.
- James Thomson
Oil drops to a five-month low as US crude exports fuel pessimism
US benchmark West Texas Intermediate fell more than 4 per cent to break below $US70 a barrel. Brent crude slid below the $US75 mark.
- Julia Fanzeres and Alex Longley
BP lobbies for green fuel mandates across Aussie airlines
Energy giant BP links mandates on the use of low-carbon aviation fuel to future of billion-dollar investment in renewables fuel production hub south of Perth.
- Brad Thompson
Venezuelans vote to claim sovereignty over oil-rich chunk of Guyana
It remains unclear how President Nicolas Maduro will enforce the results. But Guyana considers the referendum a step towards annexation.
- Regina Garcia Cano and Jorge Rueda
Energy chief warns Europe’s gas security ‘without margin or buffer’
RWE chief executive Markus Krebber said Europe needed to boost its capacity to import gas so it could cope with any unexpected outages on pipelines or import terminals.
- Rachel Millard and Shotaro Tani
Oil extends losses amid pessimism over swelling global supplies
Benchmark oil fell back below $US80 a barrel, and US oil tumbled below $US75 as the price outlook turned bleak.
- Mia Gindis and Alex Longley
- Exclusive
- South China Sea
Japanese investors need energy security certainty: ambassador
Kazuhiro Suzuki says a reliable supply of fossil fuels from Australia is essential if Japanese companies are to invest in the next wave of cleaner energy technologies.
- Phillip Coorey
November
Behind the battle for Origin Energy
The company says its board and management will remain open to structural options to enhance shareholder value should the bid fail.
- Jennifer Hewett
- Exclusive
- Origin Energy
Brookfield contemplates relisting Origin in as little as five years
The Canadian giant has told potential co-investors that it could bring the energy group back to the stock exchange in a shorter timeframe than most expected.
- Anthony Macdonald
Origin Energy board has doubts about Brookfield’s Plan B
Some investors, however, say they want the Scott Perkins-led company to put the proposal to shareholders. Mr Perkins has already described it as “inferior”.
- Anthony Macdonald and Aaron Weinman
Origin’s earnings are ‘unsustainably high’, says seller Allan Gray
The fund manager has concerns over the sustainability of Origin’s energy markets earnings and the potential for future generation capacity to make “sub-economic returns”.
- Jenny Wiggins
Angola, Nigeria target higher oil output amid OPEC+ talks
Angolan OPEC governor Estevao Pedro said it was “fighting” to boost production and that investment was being made to make that happen.
- Alex Lawler, Ahmad Ghaddar and Maha El Dahan
- Opinion
- Opinion
The fight for Origin Energy gets ugly
The North American bidders for Origin have forced a delay in the shareholder vote by lodging an alternative proposal should the scheme fail. But AusSuper believes it’s an elaborate bluff to buy time.
- Jennifer Hewett
