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Financial Markets

Super funds shy away from Geelong Port offer
3 weeks ago

Super funds shy away from Geelong Port offer

The field for the $1.2bn-plus Geelong Port is believed to be narrowing as some funds shy away from bidding for the assets due to concerns about the level of …
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BHP and Woodside Petroleum merger to create a global oil and gas giant in $20 billion mega deal
1 month ago

BHP and Woodside Petroleum merger to create a global oil and gas giant in $20 billion mega deal

Big miner BHP and oil and gas producer Woodside Petroleum have announced a $20 billion merger of their oil and gas businesses to form one of the world’s biggest energy companies.


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Ampol subsidies may be a mixed blessing for former suitor Couche-Tard
4 months ago

Ampol subsidies may be a mixed blessing for former suitor Couche-Tard

The federal government support offered to Ampol for its Lytton Refinery in Brisbane to remain open may make the company more attractive to its former suitor Alimentation Couche-Tard in one …
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Qenos to close half of Melbourne manufacturing lines in the wake of Exxon’s Altona refinery decision
4 months ago

Qenos to close half of Melbourne manufacturing lines in the wake of Exxon’s Altona refinery decision

Plastics major Qenos says the closure of ExxonMobil’s Altona refinery will force it to shutter part of its Melbourne manufacturing plant, at a cost of about 150 jobs, just days …
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‘Absurd’: Petrol prices could rise, thanks to $2.3 billion oil refinery handout
4 months ago

‘Absurd’: Petrol prices could rise, thanks to $2.3 billion oil refinery handout

Motorists could end up paying more money for petrol under a new government plan to pay oil companies up to $2.3 billion to bolster Australia’s fuel security.

Prime Minister Scott …
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$2b plan to pay fuel refineries, protect supply and lock in cheap petrol
4 months ago

$2b plan to pay fuel refineries, protect supply and lock in cheap petrol

Affordable petrol for Australian motorists has been locked in by a $2.4bn federal government plan that protects our fuel stocks from foreign supply shocks.

The plan, to be unveiled by …
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Government’s $2b plan to secure Australia’s future fuel supply
4 months ago

Government’s $2b plan to secure Australia’s future fuel supply

The Federal Government has announced a $2 billion plan to lock in Australia’s supply of fuel in the years to come.Under the package, announced today by Prime Minister Scott Morrison, …
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US Perspective:  Refineries Handed Lifeline in Australia on Fuel Security Risk
4 months ago

US Perspective: Refineries Handed Lifeline in Australia on Fuel Security Risk

The Australian government has stepped in to rescue the country’s two remaining refineries with a A$2 billion ($1.6 billion) package it said will safeguard fuel security.

Ampol Ltd.’s Lytton facility …
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Fuel security package ‘will protect fuel stocks, retain existing employment and create future construction jobs’
4 months ago

Fuel security package ‘will protect fuel stocks, retain existing employment and create future construction jobs’

The federal government’s fuel security package in last week’s budget will protect fuel stocks, retain existing employment and create future construction jobs, Prime Minister Scott Morrison says.

Building on a $211 million …
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Fuel security package a win for trucking industry
4 months ago

Fuel security package a win for trucking industry

The Australian Government’s fuel security announcement today is a win for the trucking industry, CEO of the ATA, Andrew McKellar said.

Welcoming today’s announcement, Mr McKellar said the package was …
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