SA oil and gas companies report tough start to FY21

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.

Briefcase: SA business snippets

Welcome to Briefcase, a quick tour of announcements, awards and events showcasing the everyday exploits of SA businesses.

A Cooper Energy rig in Victoria's Otway Basin. Picture: Robert Garvey.

Cooper Energy posts $86 million loss

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.

Cooper Energy posts profit turnaround

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.

Cooper Energy weighs climate change risk and rewards

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.