Costs would need to come down a further 25 per cent to breakeven at around $US40 per barrel of oil for the Browse LNG project to proceed, according to Woodside Petroleum managing director Peter Coleman.
SPECIAL REPORT: Discussion about a sale of Western Power is taking place against a backdrop of rapid technological change in the sector, as networks brace for an onslaught of competition from battery storage.
Shares in engineering firm Monadelphous Group fell sharply today after it posted a 27 per cent slide in profit on the back of lower activity in the resources and energy sectors and predicted contracting margins would remain under pressure.
A move towards usage of blockchains, the engine behind bitcoins, in the energy sector could have benefits for poles and wires operators as the industry faces increasing disruption, according to a proponent.
Treasurer Scott Morrison has made a surprise decision to block two consortiums from bidding on a 99-year lease of New South Wales electricity network operator Ausgrid, in a move that would be a bad omen for a sale of Western Power.