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.
Business
Major South Australian oil and gas companies Santos and Beach Energy today announced the extension of ethane gas supply to Sydney-based Qenos as part of a Cooper Basin joint venture.
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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.
Record sales volumes, higher oil prices and asset sales have helped Beach Energy post a $103.4 million first-half net profit, turning around a writedown-driven $600 million loss in the same period year earlier.
