Business
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.
Business
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”.
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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.
Adelaide-based oil and gas producer Beach Energy has posted a $600 million half-year loss.
Adelaide-based oil and gas producer Beach Energy has claimed a strengthened end to the second quarter of its financial year, despite torrid oil prices plaguing the industry.
Adelaide-based oil and gas producer Beach Energy has appointed Matthew Kay as its chief executive officer after a four-month search to replace managing director Robert Cole.
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