Resources and Energy

Petrobras nominates Vale CEO as its next chairman

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State-run oil firm looks for stability as corruption scandal continues to unfold.

Fortescue hits back on cartel comments

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Fortescue Metals accuses rivals of exacerbating industry cycles and causing a “massive” transfer of wealth out of the country.

Oil prices fall on profit-taking

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Investors still closely watching escalating conflict in Yemen.

Cnooc lifts FY profit despite oil price plunge

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China's main offshore oil-and-gas producer posts 6.6% rise in annual profit.

Chevron in $4.6bn Caltex exit

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US energy giant taps Goldman to manage largest block trade in Australian history.

A remarkable parcel of smiles for Caltex

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The biggest block trade in the Australian sharemarket’s history will also free up Caltex’s options for rewarding local shareholders.

Chevron to sell $4.6bn stake in Caltex

by AAP
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US energy giant says decision won't affect Gorgon, Wheatstone investments.

Evolution talks with Egypt billionaire

by AAP
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Miner in discussions over purchase of billionaire's Frog's Leg Gold Mine in Kalgoorlie.

EnergyAustralia hit with $1m fine

by AAP
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Utilities retailer fined for second time in a year for aggressive sales tactics.

China mulls foreign investment in power sector

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NDRC official says a "negative list" is being prepared for the sector.

Barnett backs Twiggy's iron ore cap call

by AAP
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West Australian premier says reaction to Andrew Forrest's call to ease iron ore production over the top.

China's Baosteel posts drop in 2014 net profit

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Industrial giant posts a 0.45 per cent fall in its 2014 net profit to 5.792 billion yuan.

Woodside secures $US1bn debt funding

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Woodside Petroleum gains $US1 billion in fresh debt funding from US markets.

Uranium to dip before long-term rally

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JP Morgan forecasts rally in uranium prices will reverse as Asian stockpiles build.

Whitehaven completes $1.4bn refinancing

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Coal miner secures headroom to fight continuing global commodity price crunch.

Australian business should follow the Buffett plan

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Warren Buffett's new strategy is achieving amazing investment returns. Australian executives and politicians should take note.

United adds fuel to the fire

The potential float of United Petroleum throws up a raft of questions for investors in small cap stocks.

Highlands on high alert

Highlands Pacific on takeover alert after commodities trader Trafigura marched to a 16% stake.

Rinehart steps up red tape fight

by AAP
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Rich lister adamant govts are imposing too many costs on struggling mining sector.

Tyrwhitt joins Wal King at UK-listed firm

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Former Leighton boss will lead Asia Resource Minerals, a firm now chaired by Wal King.

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