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Sonali Paul

UPDATE 3-BP to close Australian oil refinery, losses seen outlasting pandemic

30 Oct 2020

* BP's Australian rivals also consider shutting plants (Adds BP Australia chief, analyst comments)

RPT-UPDATE 1-BP to shut Australian oil refinery, switch to fuel import terminal

30 Oct 2020

MELBOURNE, Oct 30 BP plc plans to stop producing fuel in Australia and will convert its Kwinana oil refinery, the biggest of the country's four, into a fuel import terminal, thanks to tough competition in the Asian market, the global major said on Friday.

UPDATE 1-BP to shut Australian oil refinery, switch to fuel import terminal

30 Oct 2020

* BP's Australian rivals also consider shutting plants (Adds BP comments, details; paragraphs 2-6)

Oil climbs as hurricane shuts U.S. output, bouncing back from 5% slide overnight

29 Oct 2020

MELBOURNE, Oct 29 Oil prices rose in early trading on Thursday, regaining some of the ground lost in a 5% slump overnight, amid the prospect of tighter short-term supply with two-thirds of U.S. output shut in the Gulf of Mexico as Hurricane Zeta slammed Louisiana.

Australia fast tracks mega renewable energy, hydrogen project

23 Oct 2020

MELBOURNE Australia will fast track the approvals process for one of the world's biggest wind and solar projects in Western Australia, which aims to start generating power and producing hydrogen and ammonia late this decade.

Woodside expands Scarborough gas plan as oil slump drags down LNG prices in its wake

22 Oct 2020

MELBOURNE/BENGALURU Australia's Woodside Petroleum Ltd posted a 42% fall in third-quarter revenue on Thursday, missing analysts' estimates as realised prices were weaker than expected, but the company said it expects prices to have bottomed out for now.

Oil slips on weaker demand outlook after U.S. gasoline stocks build

22 Oct 2020

MELBOURNE, Oct 22 Oil prices dropped in early trade on Thursday, adding to heavy losses overnight, after a build in U.S. gasoline inventories pointed to a deteriorating outlook for fuel demand as coronavirus cases soar in North America and Europe.

Australian police probe alleged Vatican funds transfer amid Pell trial

21 Oct 2020

MELBOURNE Australian police are investigating the alleged transfer of Vatican funds to Australia amid the prosecution of former Vatican treasurer George Pell for child sex abuse and have referred the matter to an anti-corruption body. | Video

Australian police get information on alleged Vatican funds transfer amid Pell case

21 Oct 2020

MELBOURNE, Oct 21 Australia's financial crimes watchdog said it had handed information to police about the alleged transfer of Vatican funds to Australia amid the prosecution of former Vatican treasurer George Pell for child sex abuse.

Japanese sell out of Australian LNG import project

20 Oct 2020

MELBOURNE Australian billionaire Andrew Forrest has taken over full control of a A$250 million ($176 million) gas import terminal in New South Wales, buying out stakes held by Japan's JERA and Marubeni Corp in a push to speed up the project.

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