Business
A US drilling company has sued Adelaide-based oil and gas producer Beach Energy for abruptly terminating a $US65 million ($A101 million) contract.
Business
Adelaide-headquartered Beach Energy has posted a slimmer net profit, forecast lower production and cited tax payments for a sharp drop in operating cash flow in a report to investors this morning.
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Adelaide-headquartered oil and gas explorer Beach Energy has announced it will sell 40 per cent of its Victorian Otway assets to Eyal Ofer’s OG Energy for $344 million.
Adelaide-headquartered oil and gas company Beach Energy has promised its biggest ever year of investment after posting an 86 per cent increase in underlying net profit after tax.
Beach Energy has agreed to buy Origin Energy’s conventional oil and gas exploration business Lattice Energy for $1.585 billion, in a move the Adelaide company says will be “transformational”.
Adelaide-based oil and gas producer Beach Energy has posted a profit turnaround of more than $900 million.
