Markets Finance

Santos writes down assets amid oil price downturn

Santos will book reductions to both asset carrying values and reserves as part of its 2015 full-year financial accounts, in a reflection of the further deterioration in oil prices.

Global LNG supply in 2016 is forecast to increase to 289 million tonnes (MMt), a 12 per cent increase from 2015, due to an increase in supply capacity from Australia and the US – according to the Resources and Energy Quarterly.

Prices of spot LNG for delivery to northeast Asia averaged $7.397 per million British thermal units for January, according to Platts’ latest Japan/Korea Marker (JKM) data for month-ahead delivery.

Total annual LNG consumption in Australia is forecast to be four times as much in 2020 as it has been in 2015 according to the Australian Energy Market Operator’s (AEMO) second annual National Gas Forecasting Report (NGFR).

Ferrovial bids to takeover Broadspectrum

Spanish infrastructure operator Ferrovial has bid AU$715 million for the acquisition of Broadspectrum, formally Transfield services, resulting in an offer of AU$1.35 per Broadspectrum share.

Has the resources market reached its nadir?

Like all investors, StockAnalysis keeps asking whether the terrible market for resources has reached its nadir. We think that the bottom is very close indeed and that recovery during 2016...

It’s up to oil and gas companies to start selling themselves to superannuation firms as divestment from emissions generating industries fires up.

If Australia’s gas industry is standing on the edge of international greatness, why does it feel like a precipice for the domestic gas sector?

The big drop in oil prices and growing production stockpiles have drastically changed the trajectory of discussion on the global gas markets.

Top gas executives and energy experts weigh in on oil price debate

Gas Today asks gas executives and energy experts why the low oil prices will not reverse the Australian gas industry’s progress over the last few years.

Gateway to Asia

Landbridge Group’s agreement with the Northern Territory Government to lease the Port of Darwin has been flagged as a significant deal that will see millions of dollars fed into revitalising...

Where to now for Australian LNG exports?

Westpac Global Head of Market Strategy Robert Rennie and Westpac Senior Economist Justin Smirk recently published research that directly counters the oil price scare campaigns of the mainstream media.

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