The tanker that will make history by shipping Queensland’s first cargo of liquefied natural gas has arrived in Gladstone, confirming that the start-up of BG Group’s $25 billion LNG project is just days away.
Fairfax Media stands to emerge with a controlling stake in a $200-million merger of its radio business with John Singleton’s Macquarie Radio Network.
The slump in crude oil prices has stirred up a wave of merger activity in the small end of the oil and gas sector as junior explorers struggle with the impact of declining investor support and stretched finances.
Duet Group and Alcoa have given the green light for a $180 million investment in the main Western Australian gas transmission line.
Supermarket giant Coles has been ordered to pay $10 million in penalties for "serious, deliberate and repeated" misconduct towards suppliers that were in some cases in deep financial trouble.
Whitegoods and appliance company Fisher & Paykel has been fined $200,000 for telling customers they needed to buy an extended warranty to protect their product against repair costs, while putting the truth in fine print.
Spanish infrastructure group Ferrovial raised its full takeover offer for Transfield Services Ltd valuing it at A$1.03 billion ($838.7 million), the Australian company said on Monday.
Transfield Services, which has the contracts to run Australia's offshore immigration detention centres, has rejected the latest takeover approach from Spanish infrastructure giant Ferrovial.