Business and Finance

  • growth opportunities

    Unlocking future growth opportunities in the oil and gas sector

    Australia’s oil and gas sector contributes strongly to the country’s position as a leading energy exporter. The nation’s world-class gas resources, geopolitical stability, proximity to lucrative markets a... more
  • Pre-salt geology offers competitive advantage

    One Australian energy junior could well generate some significant market interest during the remainder of 2017 on the back of a planned drilling program just off Gabon’s coast. Earlier this year Pura Vida ... more
  • Chevron recovers from last year’s loss

    Chevron Corporation has reported earnings of $2.7 billion ($1.41 per share – diluted) for first quarter 2017, compared with a loss of $725 million ($0.39 per share – diluted) in the 2016 first quarter. Incl... more
  • Seven handy hints for cash flow success

    Cash flow is vital to the success of any business and is especially important to the small and mid-market looking to grow and develop. The mismanagement of cash flow will more often than not leave your business... more

Unlocking future growth opportunities in the oil and gas sector

Australia’s oil and gas sector contributes strongly to the country’s position as a leading energy exporter. The nation’s world-class gas resources, geopolitical stability, proximity to lucrative markets and skilled workforce have long made it an attractive target for investment. Decades of investment, including that recently in LNG, have transformed the sector into the major global force it is today. However, any assumption that this pattern will continue indefinitely fails to acknowledge a number of challenges facing the sector. Oil prices have plunged and are likely to remain low for the foreseeable f... more

Pre-salt geology offers competitive advantage

One Australian energy junior could well generate some significant market interest during the remainder of 2017 on the back of a planned drilling program just off Gabon’s coast. Earlier this year Pura Vida Energy NL confirmed it was looking to spend an estimated US$20 million on three wells in the Nkembe block, an underwater project area covering 1,210 square kilometres in the Gabon Basin some 30 km from the West African country’s shoreline. During February the Africa-focused company, which listed on the ASX in 2012, received US$5.5 million ($7.3 million) after reaching a settlement with PXP Morocco BV,... more

Chevron recovers from last year’s loss

Chevron Corporation has reported earnings of $2.7 billion ($1.41 per share – diluted) for first quarter 2017, compared with a loss of $725 million ($0.39 per share – diluted) in the 2016 first quarter. Included in the quarter was a gain of approximately $600 million from the sale of an upstream asset. Foreign currency effects decreased earnings in first quarter 2017 by $241 million, compared with a decrease of $319 million a year earlier. Sales and other operating revenues in first quarter 2017 were $32 billion, compared to $23 billion in the year-ago period. UPSTREAM Worldwide net oil-equivalent pr... more

Seven handy hints for cash flow success

Cash flow is vital to the success of any business and is especially important to the small and mid-market looking to grow and develop. The mismanagement of cash flow will more often than not leave your business vulnerable and could potentially lead to failure. However, the benefits of positive cash flow stretch beyond simply keeping your business afloat. By managing your cash flow effectively you're able to better maintain your finances and can properly invest your money in gaining a competitive edge in your market. The following are 7 handy hints to help you effectively manage your cash flow. Invoice on ... more

PM announces abolition of 457 visa, introduces 458 visa instead

The Prime Minister captured national headlines following a surprise Facebook livestream on the 19th of April, in which he that his government would be abolishing the 457 Temporary Work visa. The 457 visa has been subject to significant criticism and public concern in recent years as local economic conditions have slowed and numerous cases of misuse of the visa have been uncovered. The Prime Minister stated that public confidence in the program had failed and the proposed changes will ensure that Australians are offered the first opportunity for all jobs. The full detail of the changes remain to be announc... more

The heat is on directors when it comes to climate change

In a recent ASIC liaison meeting, a number of corporate governance items were flagged as being a current focus of ASIC. Of particular interest is the emerging focus on climate change risk management by directors and implications for directors' duties. The opinion 'Climate change and directors' duties' published by the Centre for Policy Development in October 2016 promoted wide spread discussion about the implications of climate change risk for directors. It argues that Australian company directors who fail to consider such risks now could be found liable for breaching their duty of care and diligence under se... more

Investors seek out companies with high ESG ratings

Against the backdrop of recent environmental and social scandals, and a greater call for organisations to create long term value, institutional investors are increasingly considering Environmental, Social and Governance (ESG) factors when making investment decisions. According to recent research by EY however, many organisations are not meeting their expectations around non-financial disclosures. EY’s third Climate Change and Sustainability Services (CCaSS) survey, Is Your Nonfinancial Performance Revealing the True Value of your Business to Investors, found almost two-thirds of institutional investors glob... more

Bringing greater certainty to an uncertain world

We live in a world that is increasingly complex, and yet businesses and other organisations want to understand their operations more clearly. They want detailed insight into what could go wrong; what impact it will have; and what it will cost. They want high levels of confidence for all of this, and more. Fortunately, risk advisory can provide the answers, as Simon van Wyk of global engineering and infrastructure advisory company Aurecon explains. Modern day risk analyst, statistician and essayist Nassim Nicholas Taleb, believes that in today’s evolving world, uncertainty is rising with increasing severit... more

Do I need an accountant or a lawyer when my company is in financial trouble?

The company's external accountant is often the first person a director will approach for advice if insolvency looms on the horizon. Sometimes the accountant can provide sufficient advice to assist in the survival of the company. When insolvency seems inevitable, many accountants will refer the director to: An ARITA member; A pre-insolvency advisor; or, A lawyer. Sometimes a mix of these advisors become involved. ARITA members ARITA is the insolvency industry's professional body. The ARITA code of conduct and the Corporations Act strictly limit the extent to which ARITA members can receive ... more