Business and Finance

  • TotalEnergies suspends Middle East oil production

    07 Sep, 2026

    TotalEnergies secures operator role for giant Mopane discovery in Namibia

    TotalEnergies has finalised an asset swap with Portuguese firm Galp, securing its role as operator of the high-potential PEL83 licence offshore Namibia, which holds the giant Mopane oil discovery. The comple... more

  • 04 Sep, 2026

    Woodside and PEMEX to expand partnership in Mexico

    Woodside Energy has signed a non-binding memorandum of understanding (MoU) with Mexican state-owned oil firm Petróleos Mexicanos (PEMEX), expanding their joint presence across the hydrocarbon-rich deep waters ... more

  • Shell announces FID for Whale development

    04 Sep, 2026

    Shell acquires major stake in BP’s Gulf of America prospect

    Shell has expanded its deepwater portfolio after acquiring a 30 per cent interest in the Conifer exploration prospect operated by oil giant BP Exploration and Production and located in the US Gulf of America. ... more

  • Chevron Q3 earnings impacted by Hess acquisition

    04 Sep, 2026

    Chevron expands position in Venezuela with $10.5B investment

    Chevron will expand its operational footprint in Venezuela, committing to invest more than US$7 billion (AU$10.5 billion) over the next five years to more than double its local output. The oil and gas major ... more

  • TotalEnergies secures operator role for giant Mopane discovery in Namibia
    07 Sep, 2026
  • Woodside and PEMEX to expand partnership in Mexico
    04 Sep, 2026
  • Shell acquires major stake in BP’s Gulf of America prospect
    04 Sep, 2026
  • Chevron expands position in Venezuela with $10.5B investment
    04 Sep, 2026

Etu Energias to acquire Chevron’s stake in Angolan offshore blocks

01 Sep, 2026
Angola’s largest privately owned energy company, Etu Energias, has signed a sale and purchase agreement with Chevron subsidiary Cabinda Gulf Oil Company to acquire a significant stake in two major offshore blocks. The deal, valued at a base cash consideration of US$260 million (AU$385 million), sees Etu Energias exercise its…

TotalEnergies completes exit from Russia’s Arctic LNG 2 project

01 Sep, 2026
TotalEnergies boosts €86m climate investment
French energy giant TotalEnergies has completed the transfer of its 10 per cent stake in the Arctic LNG 2 project to NordLine, a subsidiary of Russian natural gas producer Novatek, bringing an end to its direct shareholder involvement in the venture. While TotalEnergies is no longer a shareholder in the…

CNOOC hits record half-year production and net profit

28 Aug, 2026
Chinese oil and gas major CNOOC Ltd. has reported record financial and operational results for the first half of 2026, driven by rising net production, disciplined cost management, and expanded offshore exploration. Net profit attributable to shareholders jumped 23.4 per cent year-on-year to 85.8 billion yuan (AU$ 17.8 billion), while…

Ampol posts major profit jump as integrated supply chain delivers

26 Aug, 2026
Ampol Ltd. has reported a 376 per cent year-over-year increase in net profit attributable for the fiscal first half ended June 30, as its integrated supply chain delivered during global oil market disruptions triggered by conflict in the Middle East. The company reported net profit of AU$857 million for the…

Santos, GLNG partners to acquire Meridian coal seam gas

25 Aug, 2026
Santos and its GLNG joint venture partners have struck a deal to acquire 100 per cent of the producing Greater Meridian coal seam gas (CSG) project in Queensland for gross consideration of AU$430 million. Under the binding agreement, Santos will secure a 30 per cent interest for a net cost…

Santos sees drop in H1 net profit driven by commissioning costs

20 Aug, 2026
Santos has reported a drop in net profit for the fiscal first half of 2026 to US$355 million (AU$501.33 million) from US$439 million in 2025 due to commissioning costs at its Barossa and DLNG projects. First-half output reached 45.6 million barrels of oil equivalent (mmboe), representing a 3 per cent…

Amplitude Energy reports record results, eyes strong production ahead

20 Aug, 2026
Amplitude Energy has reported record full-year production, revenue, and underlying cash flows for the fiscal year ended June 30, while setting a robust guidance target for fiscal 2027. Underpinned by strong debottlenecking operations at its Gippsland Basin asset, Amplitude recorded a 3 per cent increase in full-year production to 27.6…