Woodside shares hit two-month low

Woodside Energy’s shares have hit a two-month low this week, largely due to the company flagging an asset impairment of around $1.2 billion for their Shenzi oil and gas fields. This occurs when a company’s asset has less profitability than originally reported. The company also flagged a reduction in oil and gas reserves at the Shenzi assets.

An investigation into the New South Wales asbestos contamination has become the Environmental Protection Agency’s biggest-ever probe with hundreds of sites potentially containing the dangerous material.

Both major parties are looking to make energy policy a key issue of their election campaigns, with Prime Minister Anthony Albanese expected to highlight the potential of renewables to power the economy in a speech later today, while the Coalition continues to focus on nuclear.

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Woodside’s acquisition of BHP asset send their share price to a two-month low
Woodside Energy’s shares have hit a two-month low this week, largely due to an asset impairment of around $1.2 billion for their Shenzi oil and gas fields. This occurs when a company’s asset has less profitability than originally reported. Woodside had acquired the Shenzi deepwater oil and gas fields in the Gulf of Mexico part of its merger with the petroleum assets of BHP Group. 

Sydney asbestos crisis results in the largest EPA probe ever
An investigation into the New South Wales asbestos contamination has become the Environmental Protection Agency’s biggest-ever probe with hundreds of sites potentially containing the dangerous material. The Guardian Australia has created a map of where asbestos has been found so far.

Energy policy war heats up in preparation for election season
Both major parties are shaping to make energy policy a key issue of their election campaigns, with Prime Minister Anthony Albanese expected to highlight the potential of renewables to power the economy in coal-reliant seats in a speech later today, while the Coalition continues to focus on nuclear.

Victorians call for better infrastructure as power outages continue across the state
Victorians are calling for electricity networks to be improved to prevent extended power outages, after a storm hit AGL’s Loy Yang A power plant earlier this week causing blackouts.

Woodside protester ordered to pay for paint damage
A man who used a fire extinguisher to paint a protest message on Woodside Energy's headquarters has copped a fine.

Antarctica's miniature moss 'forests' reveal shifts in climate across thousands of years
Capable of surviving Antarctica's extreme cold and wind, moss beds can live for centuries or even millennia — and scientists have dubbed them "miniature old-growth forests".

Alternative water grid to build climate resilience in Geelong
Work is underway on the design and feasibility of a large-scale alternative water grid in Geelong that will help secure the region’s water needs in a drying climate.

Wollongong residents welcome program for natural burials
Hundreds of people have welcomed Wollongong City Council's recent move to set up its first natural burial ground, where people can be buried without the use of embalming or any headstones so their body breaks down and leaves no mark on the earth.

Oldest platypus found in the wild is ‘beyond all our expectations’
A biologist who first tagged a one-year-old platypus back in 2000 was astonished when it was recaptured last year, aged about 24, making it the oldest platypus found in the wild.