Mark Beyer

Plans to export electricity from Australia to Singapore via a subsea cable are no longer commercially viable and need to be amended, Andrew Forrest’s top executive said today.

Billionaires Andrew Forrest and Mike Cannon-Brookes have declared their support for Sun Cable’s ambitious $35 billion renewable energy project but its clear they won’t be investing together.

Ambitious plans to develop the world's largest solar energy network in the NT have gone awry after a disagreement between billionaire backers Andrew Forrest and Mike Cannon-Brookes.

UPDATED: Warrego Energy has taken the unusual step of publicly criticising the two bidders for the company while Mineral Resources has revealed a 16 per cent stake.

Documents filed as part of a restructure of Chevron’s Australian operations have given a glimpse into the finances of the $13 billion-a-year oil and gas producer.

Shares in Warrego Energy jumped late today on heavy trading with Chris Ellison’s Mineral Resources believed to have joined the takeover battle for the Perth Basin gas play.

Western Australia’s population grew by 1.3 per cent last financial year, continuing the modest improvement from the very low growth achieved when strict COVID restrictions applied.

ANALYSIS: Mark McGowan’s ministerial reshuffle was in many respects a sideshow – real power in the government remains with a small group of ministers and advisers close to the premier.

UPDATE: Administrators for Clough have found a new buyer in Webuild, the company that pulled out of a lifeline deal to save the Perth engineer just over a week ago.