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Santos says retail shareholders were a driving force behind the board’s shock rejection of US private company Harbour Energy’s $14.5 billion bid, while the jilted suitor accuses Santos of not properly engaging on the proposed offer, having limited growth options and being overly confident about the oil price. → Read More
Woodside Petroleum says it will not go ahead with a near-term development of the $US30 billion Browse floating LNG development off Western Australia, as low oil prices bite project economics and access to development funds. → Read More
Chinese-controlled coalminer will cut up to 225 staff from its Hunter Valley mines. → Read More
IRON ore prices were poised to drop below $US80 last tonne last night as Chinese futures markets pointed to capitulation in the price of Australia’s biggest export. → Read More
BHP Billiton’s biggest shareholders have given the thumbs-up to chief executive Andrew Mackenzie’s planned $17 billion demerger of non-core assets, while at the same time backing the shelving of capital management given continued falls in iron ore prices. → Read More
THE Australian energy sector is set for a shake-up after US independent Apache Corp set a June deadline for the spin-off or sale of up to $US30 billion ($32bn) of West Australian-dominated assets that could see the formation a new locally listed company. → Read More
Major BHP shareholders in company's three key listings back CEO Mackenzie's planned $17m demerger. → Read More
BHP Billiton chief Andrew Mackenzie says the company’s future investments will be squarely focused on energy, leaving his Australian iron ore and coking coal businesses taking a back seat after current expansions are done. → Read More
THE age of Australian gas exports is rapidly approaching. While the end of the investment boom has been well and truly called and is being felt in the construction sector, the fruits for those who have been doing the spending are about to appear. → Read More
BHP Billiton chief executive Andrew Mackenzie says iron ore prices are unlikely to climb back above $US100 a tonne but the company is readying to spend an extra $US3.25 billion ($3.5bn) to bring more ore on to the market in a bigger-than-expected expansion of its West Australian mines. → Read More
THE Great Australian Bight could become a world-class oil province with the potential to rival the big producing regions of Nigeria and the US Gulf of Mexico, according to global major BP, which is getting set to drill in 2016. → Read More
A MONTH before Andrew Mackenzie officially took over from Marius Kloppers as head of the world’s biggest miner in May last year, a secretive team inside BHP Billiton was issued a clear directive from the incoming boss: streamline the company’s wide spread of assets and do it quickly. → Read More
BHP Billiton has delivered a 10 per cent gain in full-year profit and confirmed the $US14 billion ($14.9bn) spin-out of unloved Australian, South African and Colombian assets, but stopped short of delivering a big capital management program many investors were expecting. → Read More
THE Kerry Stokes-controlled Seven Group Holdings is set to buy Nexus Energy for less than the cost of its liabilities in a $180 million deal that will leave Nexus shareholders empty-handed. → Read More
Rio Tinto centralises global expansion projects into one unit, move sees promotion for David Joyce. → Read More
Cooper Basin unconventional gas play Real Energy draws spotlight given recent M&A activity. → Read More
Takeover talk could make Syrah Resources the first $1 billion stock in the graphite sector. → Read More
Nexus' second-biggest creditor is concerned Seven is trying to rush a sale of the business. → Read More
WA-focused Lamboo Resources strikes deal with a private Chinese graphite company. → Read More
Body says takeovers allowed to proceed without shareholder approval risk market integrity. → Read More