Energy

THE WASHINGTON POST: The war on Iran is hitting US partners Australia and NZ among those racking up billions of dollars in higher fuel import costs after prices spiked with the closure of the Strait of Hormuz.

The Federal Energy Minister says he’ll take responsibility if the Government doesn’t reach its 82 per cent renewable energy target by 2030 and refused to answer if the deadline could shift as far back to 2050.

It’s not a perfect solution but with this week’s six-month anniversary of the US war against Iran proving Operation Epic Fury is an epic f*** up, Australia is going to have to pull itself up by its bootstraps.

Higher oil prices fuelled by market turmoil in the Middle East have pumped up profits for Woodside Energy.

Almost one million Origin Energy customers are being warned about potential scam activity after their data was leaked in a suspected hack.

Conservationists argue Federal authorities had ‘apprehended bias’ favouring the energy giant when a decades-long extension of the North West Shelf gas project was approved.

But it doesn’t rule out taking more dramatic steps to ensure domestic supply if Australia’s outlook worsens, amid ongoing disruptions from the Middle East conflict.

Anthony Albanese has announced a new plan to lift Australia’s fuel reserves to 50 days and stockpile fertiliser in the wake of the Iran war prompted energy crisis. 

Australia’s biggest undeveloped gas project has been given a small boost with Woodside launching early engineering work on the $30 billion Browse proposal.

The Federal Government is likely to knock back calls for a supersized gas tax that it believes would alienate trading partners at a time of heightened global energy volatility.

The Federal Government is likely to knock back calls for a supersized gas tax that it believes would alienate trading partners at a time of heightened global energy volatility.

New Woodside boss Liz Westcott says war in the Middle East is ‘a dramatic reminder’ governments need to prioritise reliable energy alongside cutting emissions.

Japan’s Inpex has pledged Australian buyers will have first dibs on its next fuel cargo amid a global scramble to shore up supply disrupted by the Middlle East conflict.

The Government has warned Australia could face shortages of gas over winter as the Resources Minister says she’s considering using the gas trigger to keep gas on home soil.

Japan could be open to a fuel-swap deal with Australia’s LNG but has cautioned Anthony Albanese against taxing oil and gas exports saying it could hurt the bilateral relationship. 

A Federal Court judge has dismissed claims that Adelaide energy company Santos had green-washed its net zero target and the impact of gas.

The Albanese Government needs to fast-track gas supply to make its east coast gas reservation policy meaningful, according to Australia’s peak group for energy producers.

Woodside Energy chief executive Meg O’Neill has quit Australia’s biggest oil and gas group in major career move.