Business and Finance

  • ExxonMobil Australia President joins AREEA Board of Directors

    11 Dec, 2025

    ExxonMobil lifts 2030 outlook with higher earnings, lowers low-carbon investments

    ExxonMobil has lifted its earnings and cash flow forecasts in its five-year plan to 2030, while lowering its investments in low-carbon ventures in the same period. The U.S. petroleum company lifted its forec... more

  • Harbour Energy

    10 Dec, 2025

    Harbour Energy to sell Indonesian assets for US$215 million

    U.K. independent oil and gas company Harbour Energy has announced the sale of its interests in two offshore oil and gas projects in Indonesia for US$215 million to Prime Group. Harbour said the agreement cov... more

  • 03 Dec, 2025

    Finder Energy acquires FPSO vessel from Amplus Energy for US$15 million

    Oil and gas explorer Finder Energy has agreed to acquire the Petrojarl I floating production, storage and offloading (FPSO) vessel from Amplus Energy for US$15 million. Finder said the acquisition of Petroj... more

  • APA and CS Energy to advance Brigalow gas project

    03 Dec, 2025

    APA completes divestment of gas distribution operations

    APA Group has completed the divestment of its networks business, including gas distribution operations and maintenance services. Proceeds from the sale are estimated to be AU$29 million. In August, APA ag... more

  • ExxonMobil lifts 2030 outlook with higher earnings, lowers low-carbon investments
    11 Dec, 2025
  • Harbour Energy to sell Indonesian assets for US$215 million
    10 Dec, 2025
  • Finder Energy acquires FPSO vessel from Amplus Energy for US$15 million
    03 Dec, 2025
  • APA completes divestment of gas distribution operations
    03 Dec, 2025

Shell agrees to buy 100,000 barrels of petrol from Indonesia’s Pertamina

26 Nov, 2025
Shell announces third-quarter results
Shell has agreed to buy 100,000 barrels of petrol from Indonesia’s state energy firm Pertamina, following weeks of unavailability for certain fuels. Deputy Energy and Mineral Resources Minister Yuliot Tanjung confirmed that Shell Indonesia has reached an agreement with Pertamina, Jakarta Globe reported. Pertamina holds exclusive rights to import fuels into…

Venture Global, Tokyo Gas sign 20-year LNG deal

26 Nov, 2025
Venture Global seeks Plaquemines LNG expansion
Venture Global Inc. and Tokyo Gas Co. Ltd. has agreed to a 20-year LNG sales and purchase agreement. Under the terms of the agreement, Tokyo Gas will procure one million tonnes per annum of LNG from Venture Global, starting in 2030. The deal marks Venture Global’s fourth long-term contract with…

TotalEnergies boosts €86m climate investment

25 Nov, 2025
TotalEnergies boosts €86m climate investment
TotalEnergies announced a €86.19 million commitment to Climate Investment’s (CI) Venture Strategy fund during the UN Climate Change Conference (COP30) held in Belém, Brazil. The fund focuses on accelerating the deployment of technologies aimed at reducing emissions across the oil and gas sector. Launched by the Oil and Gas Climate…

Omega acquires 19.43% stake in Elixir Energy

25 Nov, 2025
POSCO
Omega Oil and Gas Ltd. has agreed to acquire a 19.43 per cent equity interest in Elixir Energy Ltd. through a two-tranche placement of up to AU$14.6 million. In the first tranche of the placement, Elixir will issue shares at an issue price of 4.1 cents per share, amounting to…

Centuri completes Connect Atlantic acquisition

24 Nov, 2025
POSCO
Centuri Holdings Inc. has completed the acquisition of Connect Atlantic Utility Services Corporation (CAUS), Atlantic Canada’s leading electric utility services provider. The acquisition establishes Centuri as a dual electric and gas services provider in Canada, complementing the gas distribution services provided by its Canadian subsidiary, while simultaneously expanding its geographic…

NRG Energy receives approvals for LS Power portfolio acquisition

20 Nov, 2025
POSCO
NRG Energy Inc. has received approval from both the U.S. Federal Energy Regulatory Commission (FERC) and the New York State Public Service Commission (NYSPSC) for its acquisition LS Power’s energy portfolio. The approvals advance the acquisition, which is targeted to close in the first quarter of 2026. NRG Energy is…

Venture Global signs 20-year LNG sales agreement with Mitsui

13 Nov, 2025
Venture Global Inc. and Japan’s Mitsui & Co. Ltd. have agreed to a new long-term liquified natural gas (LNG) sales and purchase agreement, marking Venture Global’s third-long term contract with a Japanese company. Under the sales agreement, Mitsui will purchase one million tonnes per annum of liquified natural gas from…

Epic completes sale of Epic Crude to Plains All American

11 Nov, 2025
Texas-based Epic Midstream Holdings has sold its 45 per cent minority stake in Epic Crude Holdings to Plains All American Pipeline. Plains already completed the purchase of 55 per cent stake in Epic Crude from Diamondback Energy and Kinetik Holdings Inc in early September. Epic Crude owns long haul crude…