MELBOURNE/SYDNEY Royal Dutch Shell is considering raising more than $2 billion from the sale of a stake in the common facilities at its Queensland Curtis LNG plant in Australia, according to a sale flyer reviewed by Reuters.
MELBOURNE/BANGALORE Philippine conglomerate Ayala Corp has made a bid worth A$777 million ($535 million) to buy Infigen Energy, pouncing on the Australian renewables company at a time when wind and solar firms are battling falling power prices.
MELBOURNE Australia is working on plans for a gas-driven recovery from COVID-19 that will help the country adapt to a low-carbon future, with the conservative government tiptoeing away from its vocal support for coal.
MELBOURNE Oil prices crawled higher on Tuesday, with traders waiting to see whether major producers agree to extend their huge output cuts to shore up prices at a meeting expected later this week.
MELBOURNE, June 2 Oil prices rose in early trade
on Tuesday, with traders waiting to see whether major crude
producers agree to extend their huge output cuts to shore up
prices at a meeting expected later this week.
MELBOURNE/SINGAPORE Oil prices slid for a second consecutive session on Thursday as U.S. industry data showed a steep and surprising build-up in crude stockpiles, dampening hopes of a smooth demand recovery as the world begins to ease its way out of coronavirus lockdowns.
MELBOURNE, May 28 Oil prices fell in early trade
on Thursday after U.S. crude, gasoline and heating oil
inventories all rose more than expected, dousing hopes of a
smooth recovery in demand from coronavirus lockdowns.
MELBOURNE Australian police have dropped their investigation of a News Corp journalist over the disclosure of a national security document in 2018, citing a lack of evidence.
MELBOURNE, May 26 Oil prices rose on Tuesday on
clear signs that producers are sticking to commitments to cut
crude supply as more cars get back on the road with coronavirus
lockdowns easing around the world.
MELBOURNE Australia's Federal Court on Friday tossed out a bid by BP Plc to fire a worker at its Australian refinery for mocking management online during tense wage talks using a well-known meme of Hitler.