Business and Finance

  • Santos delays FID for Narrabri gas project until 2025

    18 Jun, 2025

    Consortium offers US$18.7 billion for Santos

    A consortium led by international energy investment company XRG, alongside Abu Dhabi Development Holding Company (ADQ) and global investment firm Carlyle, has submitted a final non-binding indicative proposal t... more

  • JERA secures 20-year US LNG deals

    17 Jun, 2025

    Japan’s JERA secures US LNG through 20-year deals

    JERA, Japan’s largest power generation company, has finalised a series of landmark 20-year agreements to procure up to 5.5 million tonnes per annum (mtpa) of liquefied natural gas (LNG) from the United States... more

  • Echelon completes EP145 acquisition, boosting portfolio

    17 Jun, 2025

    Echelon completes EP145 acquisition, boosting portfolio

    Echelon Resources Limited (ASX: ECH) has announced the completion of its acquisition of a 100 per cent interest and operatorship in the onshore Exploration Permit EP145, located in the Amadeus Basin, Northern T... more

  • ADNOC

    22 May, 2025

    ADNOC signs $1.64 billion agreements for critical industrial equipment in the UAE

    ADNOC has signed framework agreements valued at AED6 billion ($1.64 billion) with 12 UAE-based companies for manufacturing of critical industrial equipment in the UAE, supporting the ‘Make it in the Emiratesâ... more

  • Consortium offers US$18.7 billion for Santos
    18 Jun, 2025
  • Japan’s JERA secures US LNG through 20-year deals
    17 Jun, 2025
  • Echelon completes EP145 acquisition, boosting portfolio
    17 Jun, 2025
  • ADNOC signs $1.64 billion agreements for critical industrial equipment in the UAE
    22 May, 2025

Consortium offers US$18.7 billion for Santos

18 Jun, 2025
Santos delays FID for Narrabri gas project until 2025
A consortium led by international energy investment company XRG, alongside Abu Dhabi Development Holding Company (ADQ) and global investment firm Carlyle, has submitted a final non-binding indicative proposal to acquire all ordinary shares of Santos Limited, Australia’s second-largest gas producer, for USD 5.76 per share in cash. The offer, announced…

Japan’s JERA secures US LNG through 20-year deals

17 Jun, 2025
JERA secures 20-year US LNG deals
JERA, Japan’s largest power generation company, has finalised a series of landmark 20-year agreements to procure up to 5.5 million tonnes per annum (mtpa) of liquefied natural gas (LNG) from the United States, reinforcing both Japan’s energy security and the US’s position as a global LNG leader. The deals, announced…

Echelon completes EP145 acquisition, boosting portfolio

17 Jun, 2025
Echelon completes EP145 acquisition, boosting portfolio
Echelon Resources Limited (ASX: ECH) has announced the completion of its acquisition of a 100 per cent interest and operatorship in the onshore Exploration Permit EP145, located in the Amadeus Basin, Northern Territory. The deal, finalised with London Stock Exchange-listed Mosman Oil & Gas (AIM: MSMN), includes the formal transfer…

Shell reports $5.6b Q1 earnings, launches buybacks

15 May, 2025
Shell announces strong Q1 results and $3.5b share buyback program
Shell has reported strong financial and strategic progress for the first quarter of 2025, underlining its resilience and commitment to shareholder returns despite a challenging market environment. The company posted adjusted earnings of US$5.6 billion for the quarter, reflecting robust performance across its business segments. Cash flow from operations excluding…

CNOOC finalises LNG deal with ADNOC amid US tariff dispute

23 Apr, 2025
China's CNOOC finalises LNG deal with ADNOC amid US tariff dispute
China National Offshore Oil Corporation (CNOOC) has finalised a term agreement with the Abu Dhabi National Oil Company (ADNOC) to purchase liquefied natural gas (LNG). This move highlights a shift in China's LNG procurement strategy amidst an ongoing tariff dispute with the US. The agreement between CNOOC's Gas and Power…

Woodside secures major LNG supply agreements with Uniper

22 Apr, 2025
Woodside Energy reports strong reserves growth and Sangomar success
Woodside Energy has announced the signing of significant liquefied natural gas (LNG) sale and purchase agreements with Uniper, marking a major step forward for its Louisiana LNG project and reinforcing the ongoing robust demand for LNG globally. Under the agreements, Woodside will supply Uniper with one million tonnes per annum…