News
In this week’s briefcase, BioCina lodges its bid to manufacture advanced mRNA COVID-19 vaccines in Adelaide, SA Smartwatch company Spacetalk reports record sales and Melbourne-based Bass Oil agrees to buy three Cooper Energy assets in South Australia’s Cooper Basin.
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.
Get InDaily in your inbox. Daily. The best local news sent straight to your inbox every workday at lunchtime.
Thanks for signing up to the InDaily newsletter.
Adelaide-based oil and gas company Cooper Energy has reported a statutory net loss after tax of $86 million, citing value write-downs and project delays.
UPDATED | Adelaide-based oil and gas company Cooper Energy has turned a loss into a profit in the first half, despite reporting the same level of production as the previous year.
Oil and gas giant Cooper Energy says more serious heatwaves pose a threat to some of its South Australian operations, but that climate change might also significantly benefit the company.
