10 . 07 . 2025
ExxonMobil retracts Bass Strait gas discovery claims, cuts estimate by 70%
Exxon Mobil Corp (NYSE:XOM, ETR:XONA)’s Australian subsidiary Esso has scaled back initial claims of a major gas discovery in the Bass Strait, significantly reducing the estimated volume and dampening optimism about a near-term solution to the east coast energy supply crunch.
09 . 07 . 2025
ExxonMobil told AEMO it found gas in the Bass Strait. It did – just less than it claimed
The revision will embarrass Exxon, one half of the dominant supplier of gas to the east coast – and temper hopes that the discovery will delay an economically damaging shortfall.
08 . 07 . 2025
Japan’s warning over Albanese’s east-coast gas reserve
West Australian Premier Roger Cook has warned of major trade concerns in Japan about the Albanese government’s move to consider an east coast gas reservation, after a visit where he met with senior government and industry officials.
03 . 07 . 2025
Oil and gas giant abandons third Australian offshore wind project
Labor’s plans to establish a nationwide offshore wind industry have been dealt a fresh blow after Norwegian oil and gas giant Equinor confirmed it had walked away from one of its last remaining Australian projects.
03 . 07 . 2025
Australia’s threatened metal manufactures
Australia’s net zero policies are driving a rapid de-industrialisation, as energy-intensive industries struggle to remain viable under rising costs and regulatory burdens.
01 . 07 . 2025
Stanwell exits Gladstone green hydrogen project
Queensland’s largest green hydrogen project is on the scrap heap after state government-owned Stanwell Corporation announced its withdrawal from the international consortium developing the estimated $12.5 billion production plant and pipeline.
30 . 06 . 2025
Chris Bowen announces gas market review
Energy Minister Chris Bowen has announced a new review into gas market regulations in a “comprehensive and methodical look at key measures” introduced by various governments on energy supply and prices.
30 . 06 . 2025
Nation’s largest green hydrogen project axed
Australia’s largest green hydrogen project has been terminated, with the collapse of the inter¬national consortium developing the $12.5bn plant and pipeline in Gladstone.
28 . 06 . 2025
Labor’s green dreams put out of their misery
The Queensland Budget this week revealed that the former Labor government wasted a rainy-day fund on various renewable and hydrogen pet projects.
25 . 06 . 2025
Gina Rinehart labels net zero a ‘magic pudding’ and says Australia should aspire to be like the United States
Gina Rinehart says net zero is an “unobtainable and expensive magic pudding”, and believes Australia should follow the lead of the US.
Hancock Energy is a Hancock Prospecting company.
