Category Archives: energy stocks

Origin Energy Ltd is a 42.5% joint venture partner in the BassGas project located in production license T/L1 offshore Tasmania via subsidiaries.

Origin Energy Ltd is a 42.5% joint venture partner in the BassGas project located in production license T/L1 offshore Tasmania via subsidiaries. Other joint venture partner AWE Limited advised that the final phase of the MLE project works at BassGas (installation and successful commissioning of compressor and condensate pumping unit at the Yolla-A platform) has been completed ahead of time

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Recently, WorleyParsons Limited (ASX: WOR) won a five-year framework agreement for performance of engineering, procurement, shutdown and construction management services

Recently, WorleyParsons Limited (ASX: WOR) won a five-year framework agreement for performance of engineering, procurement, shutdown and construction management services (EPCm) from Refining NZ at their Marsden Point Refinery. On the other hand, it has been awarded a five-year Framework Agreement by Shell Global Solutions International, B.V., for the provision of engineering, procurement and construction management (EPCM) services for Shell

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One coal stock to stay away from – Whitehaven Coal Ltd.

Overall sales for the quarter were below expectations: Managed coal sales, excluding sales of purchased coal, for the June quarter were 5.396Mt, up 5% on the previous corresponding period. Sales in the quarter comprised 25% metallurgical coal and 75% thermal coal. Equity coal sales excluding purchased coal in the June quarter were 4.134Mt, up 6% on the previous corresponding period

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One mid-cap stock to hold – Caltex Australia Limited

2017 Half year profit guidance: On an HCOP (Historic Cost Profit) basis, the after-tax profit is expected to be within a range of $250 million and $270 million for the 2017 half year including significant items. Significant items are forecasted to be a loss of approximately $5 million before tax (representing the previously disclosed $20 million franchise employee assistance fund

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During May 2017, Caltex (ASX: CTX) has completed the acquisition of Milemaker Petroleum’s retail fuel business assets in Victoria for $95 million

During May 2017, Caltex (ASX: CTX) has completed the acquisition of Milemaker Petroleum’s retail fuel business assets in Victoria for $95 million. The acquisition brings 46 Milemaker sites into the core Caltex network in Melbourne. Further, the company will invest in the network to deliver an enhanced fuel and convenience offer to customers across Melbourne. Importantly, Milemaker has a competitive

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Whitehaven Coal Ltd the group’s saleable coal production for the March quarter 2017

Whitehaven Coal Ltd (ASX: WHC) the group’s saleable coal production for the March quarter 2017 declined over 4% yoy while the overall coal sales fell over 11% yoy as production from Narrabri was impacted by the scheduled longwall changeout. Managed coal sales in the March quarter stood at 4.9Mt, while Equity coal sales (excluding purchased coal) stood at 3.6Mt comprising

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