Business
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.
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.
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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.
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.
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