Business
Adelaide-based oil and gas companies Beach Energy and Cooper Energy have reported massive drops in profits for the first half of the financial year, citing low prices and investments in new projects for their lacklustre performances.
Business
Adelaide-based oil and gas producer Beach Energy will pay $87.5 million to acquire all of Senex Energy’s Cooper Basin assets.
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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.
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.
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.
