Refinery owner reaps profit boost from Middle East war
Ampol, which supplies about 10 per cent of the nation's fuel supplies, has seen a big jump in margins on the back of the war in the Middle East.
oil and gas – upstream activities
Oil and gas giant feels the heat from climate activists
Shareholders have jeered as protesters concerned about the environment repeatedly disrupted a meeting hosted by Australia's biggest oil and gas company.
‘Peddling lies’: gas sector vents as tax pressure rises
The minister responsible for gas in Australia has poured cold water on calls for an export tax as industry figures insist they pay their fair share.
United Arab Emirates quits OPEC in blow to oil cartel
The United Arab Emirates says it is withdrawing from OPEC, stripping the oil cartel of one of its largest producers.
Signs point to bumpy road for motorists in fuel crisis
Higher fuel prices could be just weeks away as conflict in the Middle East drags on, with the nation's leaders committing to further crisis talks.
Ukraine hits refinery, Putin says attacks intensifying
President Vladimir Putin has complained about a growing number of Ukrainian attacks on civilian sites in Russia, pointing to strikes on oil facilities.
‘Tiny’ tax returns on gas has leading economist fuming
Australians have finite stocks of gas and other natural resources and deserve a fair return on them, an inquiry has been told as calls grow for tax reform.
Battle lines harden as gas giants take on tax proposal
Gas producers have mounted a full-throated defence of their tax contributions in an inquiry exploring opportunities for higher export levies.
‘Who gave you the right?’: villagers take on gas giant
Leaders from remote Papua New Guinea villages have turned up at a shareholders meeting of gas giant Santos to question the board about a controversial project.
Inquiry launched as governments spar over oil project
A state government has launched an inquiry into new environmental laws as it calls for a national interest exemption for an oil exploration project.
More cost relief on table as Aussies asked to save fuel
The impacts of the energy crisis will likely continue even if a Middle East ceasefire holds, the government warns as it prepares to roll out an ad campaign.
Australia won’t join Trump’s Strait of Hormuz blockade
Australia has not been asked to help stop ships travelling through the critical Middle East waterway and doesn't expect to be, the prime minister says.
Experts pour water on ‘speculative’ oil field proposal
An energy expert is pointing to logistical and political hurdles to oil drilling in Australia as climate campaigners pour cold water on a proposal.
State seeks oil-drilling project in ‘national interest’
A state premier is urging the federal government to fast-track approval to drill for oil in response to the fuel crisis, bypassing environment protection laws.
Oil exec handed largest ever fine over contract rigging
A court has fined an oil company $5 million and its chairman $1 million for cartel conduct in a case brought by the competition watchdog.
Iran hits Kuwaiti oil refinery, blasts boom over Tehran
Israel and Iran have launched fresh attacks on each other, a day after Tehran struck an Israeli oil refinery.
Iran hits back at Gulf refineries after Israeli strike
The latest escalation in the Iran war heightens the disruption of global energy supplies that has raised the political stakes for US President Donald Trump.
‘Over-prepared’: PM’s pledge on growing fuel crisis
Australia will have a single point of contact co-ordinating fuel supplies and issues that might arise due to the Iran war, with further measures expected.
Fuel supply boosted as oil price threatens record highs
The government has temporarily lowered Australia's fuel quality standards to boost supplies as the war in the Middle East disrupts global markets.
Net zero could put Woodside in the red in five years
Australia's biggest oil and gas producer has posted record output, but a global supply glut and the energy transition could hinder future profits.
Domestic producer worried about gas reservation policy
Australian oil and gas exploration and production company Beach Energy is concerned about the impact of a looming east coast gas reservation policy.
US oversight of Venezuela could last years, Trump says
President Donald Trump promises to rebuild Venezuela "in a very profitable way" after ordering its leader's capture but won't say how long US oversight will be.
US Senate votes to curb military action in Venezuela
President Donald Trump claims US oversight of Venezuela could last years, but the Senate is a step closer to a vote to restrict his actions towards the country.
Maduro due in court as loyalists send message to Trump
Deep uncertainty surrounds the future of oil-rich Venezuela as its president Nicolas Maduro faces a US trial after being captured in a military operation.
Interim government defiant as US holds Venezuela leader
Deep uncertainty surrounds the future of oil-rich Venezuela as its president Nicolas Maduro faces a US trial after being captured in a military operation.
US seizes oil tanker off Venezuela coast, video posted
US President Donald Trump has announced the seizure of a "very large" oil tanker off the coast of Venezuela amid mounting tensions.
Seized tanker heads to US for ‘oil confiscation’
The Justice Department obtained a warrant for the seizure of an oil tanker off Venezuela because it had been known for "sanctioned oil," the White House says.
Don’t forget gas: industry calls for renewable support
More than 50 companies are calling on the Australian government to extend support for renewable gas projects.
Mining boss skewers Trump over moves against renewables
Renewable energy is taking over from oil, coal and gas, an Australian mining magnate has told shareholders, and efforts to hold back the trend are misguided.
Fracking company hits out at ‘failed’ legal challenge
A bid to stop a key fracking project has been dismissed as another "failed" attempt to deny economic and social benefits to a long-overlooked community.
More gas projects, less green tape call at energy event
Gas giants have called on the Australian government to approve projects faster and let them explore more mining opportunities.