Business and Finance

  • Brookfield and EIG confirm share offer for Origin Energy

    13 Feb, 2026

    Origin Energy lifts 2026 earnings outlook despite profit cuts

    Origin Energy has raised its full-year earnings outlook for its energy retail division even as it reported a 45 per cent decrease in net profit for the first half of the 2025 financial year (HY25). Profit fo... more

  • BP Q3 profits dips

    11 Feb, 2026

    BP bars buyback program, raises cost-cutting target amid weaker oil prices

    BP has increased its cost-cutting target and suspended its share buyback program in 2026 to bolster its balance sheet amid lower crude oil prices. The British oil giant reported underlying replacement cost p... more

  • AGL

    11 Feb, 2026

    AGL narrows full-year guidance as first-half profits falls

    AGL Energy Ltd. has narrowed its full-year earnings forecast on the back of lower costs and higher consumer margins as it delivered lower year-over-year first half results. AGL narrowed its fiscal 2026 earni... more

  • 10 Feb, 2026

    Transocean to acquire Valaris for US$5.8 billion, creating offshore drilling giant

    Oilfield services firm Transocean has acquired peer Valaris in an all-stock deal valued at US$5.8 billion, creating the world’s highest-specification offshore drilling fleet and one of the largest global offs... more

  • Origin Energy lifts 2026 earnings outlook despite profit cuts
    13 Feb, 2026
  • BP bars buyback program, raises cost-cutting target amid weaker oil prices
    11 Feb, 2026
  • AGL narrows full-year guidance as first-half profits falls
    11 Feb, 2026
  • Transocean to acquire Valaris for US$5.8 billion, creating offshore drilling giant
    10 Feb, 2026

Australian Oil finalises deal for Surat Basin assets

16 Jan, 2026
Australian Oil has finalised its acquisition of three petroleum leases and one petroleum licence in the Surat Basin, Queensland. Australian Oil completed the acquisitions of the assets from ADZ Energy (Queensland) Pty Ltd and OGT Energy Pty Ltd, with all conditions precedent now satisfied. The parties are now preparing and…

Hallador to raise US$50 million in share offer

16 Jan, 2026
Hallador Energy has priced its public offering of common shares at US$18 per share. The U.S-based company is offering 2,777,778 shares to raise approximately US$50 million. Hallador also granted the underwriters a 30-day option to purchase an additional 416,666 shares. The company is planning to use the net proceeds from…

Navitas expands North Falkland presence with JHI deal

14 Jan, 2026
Navitas Petroleum has signed an agreement to acquire a majority stake in a licence within the North Falkland Basin in the South Atlantic. Navitas signed a non-binding memorandum of agreement with JHI Associates to acquire a 65 per cent working interest in the PL001 North Falkland Basin licence. PL001, which…

BP to sell 65% stake in Castrol to Stonepeak

08 Jan, 2026
BP Q3 profits dips
Britain’s BP has agreed to sell a 65 per cent shareholding in Castrol to Stonepeak for US$6 billion as part of the oil major’s strategy to simplify its portfolio. The sale values Castrol at US$10.1 billion, reflecting the strength of the business and future growth potential. “With this, we have…

Quantum Capital sells Cogentrix Energy to Vistra for US$4.7 billion

08 Jan, 2026
Vistra Corp.
Quantum Capital Group has agreed to sell approximately 90 per cent of the modern natural gas generation assets owned by independent power producer Cogentrix Energy to Vistra Corp. for a total consideration of approximately US$4.7 billion. The acquisition includes Cogentrix’s 10 modern natural gas generation facilities totalling approximately 5,500MW of…

Santos pays off PNG LNG debt facility ahead of schedule

19 Dec, 2025
Record production rate from first Van Gogh Phase 2 Infill well
Santos has paid off its project financing debt for the PNG LNG joint venture, fully paying its final repayment of AU$363 million ahead of the scheduled June 2026 payment date. The debt facility is now fully repaid and the associated loan security is in the process of being discharged and…