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Cooper Energy takes control of gas plant amid price surge
Adelaide-based Cooper Energy will buy back the Orbost Gas Processing Plant in Victoria for at least $270 million, as east coast spot gas prices continue to rise.
Adelaide-based Cooper Energy will buy back the Orbost Gas Processing Plant in Victoria for at least $270 million, as east coast spot gas prices continue to rise.
Flooding in eastern Victoria during a planned shutdown at its Gippsland processing plant has stifled Cooper Energy’s production, potentially costing the Adelaide-based company millions in lost sales.
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In this week’s briefcase, Cooper Energy and oyster producer Angel Seafood announce record sales quarters, Beaumont Tiles’ sale to Bunnings is finalised and Smartwatch company Spacetalk enters sales agreements with retail giants in North America.
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.
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.
Welcome to Briefcase, a quick tour of announcements, awards and events showcasing the everyday exploits of SA businesses.