Asia is on track to dominate global propylene capacity additions by 2030, driven by surging domestic demand for end-use products including packaging, automotive components, and consumer goods, according to new industry projections. Propylene serves as a critical feedstock for polypropylene, the second most widely produced plastic in the world, while…

The Northern Territory government has firmly rejected the federal government’s proposed national renewable energy offset policy for data centres, calling for a ‘Territory-first approach’ that accounts for the region's unique energy profile. Northern Territory Minister for Mining and Energy Gerard Maley argued the draft policy, spearheaded by Climate Change and…

Energy major Shell plc has reported a 42 per cent increase in profit for the second quarter of 2026, delivering adjusted earnings of US$9.84 billion (AU$14.8 billion) despite ongoing global market disruptions and Middle East supply outages. Shell reported adjusted earnings of US$9.84 billion for the second quarter, up from…

Oil prices increased on Thursday, 30 July, during a turbulent trading session as investors weighed renewed US military action against Iran against the potential for an agreement that could restore shipping through the Strait of Hormuz. By 08:12 GMT, Brent crude had risen by US$1.06, or 1.17 per cent, reaching…

East coast gas prices have fallen to their lowest quarterly average in five years during the June quarter, defying elevated international energy market prices, according to the Australian Energy Market Operator (AEMO). AEMO’s latest Quarterly Energy Dynamics report revealed domestic gas prices on the east coast averaged AU$9.08 per gigajoule…

French oil major TotalEnergies will file an appeal against a June judgment by the Paris Judicial Court, setting up a new legal showdown over corporate responsibility for end-user carbon emissions. The company confirmed it will challenge the June 25 ruling brought by a coalition of activist groups under France’s landmark…

The federal and Western Australian governments have launched a joint AU$4 million pre-feasibility study into building a new large-scale oil refinery in Western Australia, aiming to boost national energy security amid ongoing global fuel shocks. Proposed by industrial group Perdaman, the facility would mark Australia’s first new large-scale petrol refinery…

Lion Energy has chosen a complete exit from its green hydrogen operations, choosing instead to concentrate capital and executive resources on its core upstream oil and gas portfolio. The decision will see Lion discontinue development of its flagship Port of Brisbane hydrogen project and unwind all remaining hydrogen activities. The…