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

Tokyo Gas eyes more US energy investments

19 Dec, 2025
Tokyo Gas pursues long-term US LNG
Tokyo Gas, Japan’s largest city gas provider, has plans to direct more of its overseas investments in the U.S. as part of broader plans to expand its presence in the downstream energy sector. Tokyo Gas is eyeing investments in assets like liquefaction plants, export terminals and the energy services sector,…

Stonepeak to acquire gas network Allgas

19 Dec, 2025
East coast gas market faces uncertainty
Global investment firm Stonepeak has agreed to acquire Allgas, a gas distribution network based in Queensland, from APA Group, Marubeni Corp. and other shareholders. Allgas’ extensive network includes 3,900 kilometres of distribution mains that supply approximately 120,000 households and businesses, nine gate stations, and 123,000 metering devices. Stonepeak Senior Managing Director…

Santos divests two non-core Australian assets

19 Dec, 2025
Santos delays FID for Narrabri gas project until 2025
Santos has divested two non-core assets as part of its efforts to optimise its portfolio. The Australian energy firm executed a conditional sale and purchase agreement to sell its 42.86 per cent interest in the Mahalo joint venture in Queensland’s Bowen Basin to Comet Ridge Ltd. for AU$40 million in…

Harbour Energy to sell Indonesian assets for US$215 million

10 Dec, 2025
Harbour Energy
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 covers its 28.67 per cent interest in the producing Natuna Sea Block A field and its…

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

03 Dec, 2025
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 Petrojarl I for US$15 million in shares and cash will de-risk and accelerate its Kuda Tasi and Jahal (KTJ) oilfields project by…

APA completes divestment of gas distribution operations

03 Dec, 2025
APA and CS Energy to advance Brigalow gas project
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 agreed to sell the business to Australian Gas Infrastructure Group as part of the company’s efforts to simplify its operations.…