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The Latest Breaking News from Samantha McCulloch

Gas giants and coalition harden line against export tax

Gas producers and the federal opposition are warning a windfall profit tax risks investment and energy security, while the government is coy on levy reform.

AAP

‘It’s fired people up’: support grows, including within Labor, for new gas tax to curb wartime profits

Government, industry and opposition see growing public support for a new gas tax but the industry is fighting back

The Guardian - AU

Woodside boss says young people ‘ideological’ on fossil fuels while ‘happily ordering from Temu’

Meg O’Neill tells energy industry conference that individual consumers’ role in driving emissions is ‘missing’ in conversations about fossil fuels

The Guardian - AU

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Coalition says it will allow gas producers to access $4bn net zero fund for critical minerals

Shadow resources minister tells Sydney conference Coalition would give gas the same status as a critical mineral to boost industry funding

The Guardian - AU

Tight gas market to remain as additional wells approved

Two offshore drilling licences have been approved to bring more gas to the domestic east coast market as experts warn of potential shortfalls next winter.

AAP

Australian energy industry report slams Greens gas plan

A report commissioned by Australia's oil and gas industry says blackouts would hit millions of homes under a Greens gas investment plan.

AAP

Scientific probe into controversial gas projects

Gas exploration in the Beetaloo Basin in the Northern Territory will be assessed by an independent group of scientists, amid concerns over any impact to water.

AAP

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Dutton doubles down on gas, rejects support for mining

Domestic gas production will expand, approvals will be fast-tracked and nuclear reactors rolled out to keep the lights on under a coalition government.

AAP

Consumers hit in decade-long 'jihad on gas', users say

Investment delays or ending projects to develop gas reserves could result in a worse supply outlook, a regulator warns, as pressure on the industry intensifies.

AAP

Energy lobby wants price cap scrapped in budget

The oil and gas industry is appealing to the government to remove a price cap on energy supply in the May budget and release more land for exploration.

AAP

Gas shortfall forecast without significant demand drop

Extra costs for transporting Queensland gas south to other states are expected to hit the east coast gas market next year, adding to supply pressures.

AAP

Energy barons face-off over clean gas at climate summit

As negotiators gather for the final week of a milestone climate summit, the gas lobby says Australia's sector is already years ahead on emissions reduction.

AAP

‘Sea-country’ alliance could push traditional owners closer to mining industry, critics say

National Sea Country Alliance Summit told that the agendas of environmental groups do not always align with First Nations priorities

The Guardian - AU

Critical minerals driving net zero even as prices dip

New data forecasts clean energy commodity prices will decelerate, while a consultation paper has been released mapping a strategy for the changing role of gas.

AAP

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AAP

Don't limit gas supply during green move: energy boss

Delays in approving about 40 new gas projects could risk supply and flow onto power bills, an energy chief says.

AAP

Gas lobby ad found misleading for 'cleaner' claims

Australia's peak oil and gas lobby has modified its latest ad campaign after its claim gas was "cleaner" breached industry standards.

AAP

Record gas exports plump energy and resources windfall

Fallout from Russia's invasion of Ukraine and a strong US dollar have helped deliver estimated record earnings for Australian resource and energy exports.

ABC News

Do the PRRT changes in the budget go far enough to fix a 'broken' Petroleum Resource Rent Tax?

Economists and energy experts say the government is short-changing Australians with planned changes to the Petroleum Resource Rent Tax that will only raise an additional $2.4 billion over five years.

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The New Daily

Producers welcome Treasurer’s budget tweak to petroleum resource rent tax

An overhaul of the petroleum resource rent tax will help get Australia's finances back on track, Treasurer Jim Chalmers says.

ABC News

Tax shield on super gas profits leaves Australians looking like 'chumps', economist says

It was once described as world-leading, but calls are growing louder for changes to Australia's super gas profits tax amid claims it is collecting "beer nuts".

AAP

Industry minister not buying gas industry's tax defence

The oil and gas industry has pushed back on possible federal budget changes to tax settings that could result in the industry paying more.

ABC News

Tax from gas industry forecast to double as industry pushes back on calls for tax changes

Economists say gas producers have got off too easy for too long when it comes to tax but the industry itself is fighting to stave off change.

ABC News

Users on edge as plunging production sparks warnings of Victorian gas supply crunch

Gas users in Victoria are bracing for a supply crunch that regulators warn could hit as soon as this winter as production from historic fields in the Bass Strait dramatically tapers off.

AAP

Carbon credits, nuclear energy part of net-zero arsenal

The Minerals Council says carbon credits are essential to manage mining emissions and remain competitive until electrification technology is widely available.

AAP

Gas industry warns code will stoke prices, limit supply

The gas industry has hit back at federal intervention in the wholesale gas market as the worst possible reforms at the worst possible time.

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