Gas Reservation Scheme Price Impact Uncertain
A new gas reservation scheme aims to secure domestic supply, but experts warn its effect on prices remains unclear amid industry concerns.
A new gas reservation scheme aims to secure domestic supply, but experts warn its effect on prices remains unclear amid industry concerns.
The Queensland government's new gas reserve policy is hailed as a major win for North Queensland, securing energy supply, supporting industry growth, and creating local jobs.
ADX Energy has uncovered six additional gas-bearing intervals at its HOCH-1 well in Austria after drilling deeper than planned, boosting the project's potential.
Former WA Premier Alan Carpenter, architect of the state's gas reservation policy, says Labor's national plan is welcome but overdue, warning of supply risks.
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RecommendedVictorian Premier Jacinta Allan faces backlash over a new gas drilling project, defending the decision as necessary for energy security while critics accuse her of betraying climate commitments.
S&P Global warns that Western Australia's massive infrastructure spending could pressure its AAA credit rating, despite the state's strong fiscal position.
ADX Energy has discovered gas-filled sands at its HOCH-1 well in Upper Austria, confirming a working hydrocarbon system. The company plans to deepen the well to at least 1550 metres.
Prime Minister Anthony Albanese's $10 billion fuel security plan is welcomed as a major step, but experts warn it won't fully solve Australia's fuel vulnerabilities.
National Cabinet reconvenes to address fuel security, unveiling a new plan to bolster domestic reserves and reduce reliance on imports amid global supply concerns.
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RecommendedThe Australian government will establish a government-owned fuel reserve of about a billion litres as part of a $10 billion fuel and fertiliser security plan in the upcoming federal budget.
Experts predict Australia's electric vehicle demand will remain robust even as the government phases out fringe benefits tax exemptions for EVs starting 2026.
Western Australia moves to ban no-grounds evictions to improve rental security, but housing industry warns of negative impacts on supply and rent prices.
A new Queensland biofuels report addresses key points raised by Mulgrave MP Robbie Katter, focusing on renewable energy and economic opportunities for regional areas.
ADX Energy's HOCH-1 gas well in Upper Austria has reached 950 metres, targeting up to 17.3 Bcf of gas. Drilling is expected to finish within days, with wireline logging to follow.
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RecommendedAn expert warns the full impact of the Middle East war on Australia's fuel and food supplies is yet to be felt, with shortages and price hikes expected.
Cairns is under mounting pressure to deliver more water assets as population growth and climate change strain existing supplies. Local authorities push for investment.
Hidden WWII fuel bunkers near Lake Bathurst, built for defence, are being considered for modern fuel storage to boost regional energy security.
Support for offshore gas exploration in the Hunter has climbed to 50% in 2026, up from 37% in 2023, while opposition fell to 16%. Broadly, 78% back more Australian gas use.
Queensland Premier David Crisafulli has committed to building the CopperString power line to Mount Isa, promising to boost regional energy reliability and economic growth.
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RecommendedAustralia's fuel security is under scrutiny following attacks on global oil infrastructure, raising concerns about supply chain vulnerabilities and the need for domestic reserves.
Woodside Energy reported higher first-quarter revenue, driven by elevated prices amid the global energy crisis, which offset the impact of severe weather events on production.
ADX Energy has resumed drilling at its HOCH-1 shallow gas well in Upper Austria after overcoming early setbacks, targeting Miocene gas sands with up to 17.3 Bcf of prospective resources.
The Coalition has announced a plan to create a national fuel stockpile to ensure Australia's fuel security, with Energy Minister Angus Taylor outlining the strategy.
The Australian Rail Track Corporation will replace the aging Ironbark Creek bridge, improving safety and efficiency on the Hunter Valley rail line.
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RecommendedAn Australian company is converting diesel trucks to electric, with 28 already on the road. Each conversion costs under $200,000, aiming to boost fuel security.
Infini Resources has secured permits for maiden diamond drilling at its Reynolds Lake and Reitenbach Lake uranium projects in Canada's Athabasca Basin, with drilling set to start in late April.
Woodside and Chevron have voiced strong opposition to proposed changes to the Petroleum Resource Rent Tax and a new gas export tax during a parliamentary inquiry in Perth.
The federal government has decided to shelve plans for a supersized gas tax due to the current global energy crisis, aiming to stabilize domestic energy prices and supply.
Australia's fuel reserves have increased beyond levels seen before the Iran war, ensuring energy security amid global tensions. The government highlights strategic stockpiling efforts.
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RecommendedAustralia's swift action to address the oil supply crisis has calmed markets, but long-term energy security requires sustained investment and diversification.