A major new oil project off Western Australia is a significant step for fuel security at a time of intense international volatility, the government says.
Petrofac has been awarded a $325 million decommissioning contract for the stranded oil production vessel, while federal parliament has imposed a levy on the industry to foot the bill.
Australian superannuation funds are being urged by the treasurer to divest Russian assets and join the government in putting a squeeze on Vladimir Putin.
West Perth-based EcoGraf is one of two graphite companies set to receive a major loan through the federal government's $2 billion critical minerals initiative.
Defence Minister Peter Dutton says there are "many worrying signs" from Russia on the Ukrainian border as Europe looks to Australia as a potential gas supplier with Kremlin tensions increasing.
Australia has been labelled "a great disappointment to the rest of the world" by the United Kingdom's climate advisor for clinging to coal-fired power.
The planned levy to cover decommissioning costs from the Northern Endeavour could be 48 cents per barrel equivalent, with an industry group slamming the price tag.
A $450 million potash development in northern WA and a $269 million alumina refinery planned for Kwinana have received major project status from the federal government.
The Nationals are open to discussing the prime minister's preference for net zero carbon emissions by 2050, but they want to square the ledger for the regions.
The federal government has approved measures designed to ensure taxpayers do not have to pick up the tab for decommissioning offshore oil and gas facilities.
The Australian government will become a shareholder in mining and infrastructure projects across northern Australia after widening the mandate of a $5 billion investment fund.
Two production licences have been granted for Woodside's Scarborough project, but there are still hurdles before a final investment decision due late next year.
The NSW premier insists the controversial Narrabri coal seam gas project went through a robust assessment before it was approved, sparking outrage from locals.
A government review has recommended new levies to ensure the proper decommissioning of offshore oil and gas facilities, after the owner of the Northern Endeavour went into liquidation.
National iron ore exports surpassed $100 billion in the year to June, double the level four years ago, while WA merchandise shipments were $184 billion.
The resources sector has welcomed the federal government's decision to invest a further $125 million into an exploration program led by Geoscience Australia, which has now been expanded to cover exploration across the country.
Deputy Prime Minister Michael McCormack has repelled a leadership challenge from Barnaby Joyce, emerging victorious in a party room ballot this morning, while Adam Bandt has been elected unopposed as Greens leader following the resignation of Richard Di Natale.