Energy

Federal Resources Minister Madeleine King has told oil and gas stakeholders she is more disappointed for communities rather than them after efforts to firm up ‘inadequate’ approvals failed to pass the Senate.

As coal plants continue to close, delays to battery and other energy transmission projects have put the reliability of Australian electricity supply at risk.

LEADERS SURVEY: The boss of Australia’s second-largest residential electricity provider has revealed the best piece of advice he’s ever received.

Santos is giving the boot to about 200 employees and has pinned the blame on slow project approvals.

Santos chief Kevin Gallagher says the market has got its appetite back for Australian oil and gas deals while questioning the ‘fit’ of the company’s WA gas assets in its portfolio.

The Federal Government is showing signs it will change course on oil and gas policy but the multibillion-dollar industry wants a newly released strategy followed with action.

Woodside chief executive Meg O’Neill concedes she is disappointed with a pointed protest vote against her company’s climate strategy saying “a tonne of work” went into consulting shareholders.

Richard Goyder has survived a heated Woodside Energy annual meeting but the oil and gas company’s climate strategy was sunk by an extraordinary investor backlash.

Problems at Pluto and easing LNG prices have driven Woodside Energy’s revenue down 12 per cent to $US2.97 billion ($4.6b) in the March quarter.

Annual profit from the local arm of the global energy giant fell to just under $1 billion after the impact of lower oil and gas prices was exacerbated by nearly $2b of writedowns on its WA assets.

Woodside chair Richard Goyder says shareholders would be hit hard by a rapid shake-up of the company's strategy as he fights off an insurrection.

The Australian Shareholders Association has backed in Woodside chair Richard Goyder as he fights off an onslaught from a key proxy advisory and activist investors.

Oil and gas producer Woodside has backed in chair Richard Goyder’s “strong track record” amid pressure from an influential proxy advisory firm to send him packing.

The oil and gas company chair has questioned the logic behind CGI Glass Lewis’ recommendation that shareholders vote against his re-election.

Joe Biden has moved to throttle pollution from cars and light trucks in the US, imposing emission limits so stringent they will compel automakers to boost sales of battery-electric and plug-in hybrid models.