Australia is seeing a rapid rise in the addition of solar power and has over 80 hydrogen projects planned, with renewable energy-based schemes outnumbering blue hydrogen schemes.

Australia's adoption of a net zero emissions target is significant as it is one of the largest producers and exporters of fossil fuels and falling in line with the UN mandated net zero pledge would signal there could be tighter regulations on emissions reduction.

The projects were unveiled as part of Rio Tinto’s newly announced plans to spend $US7.5 billion ($A10 billion) slashing its scope 1 and scope 2 emissions by half by 2030.

Edify Energy has received approval to build and operate a 1 GW green hydrogen production plant and a solar photovoltaic (PV) and battery storage project within the Lansdown Eco-Industrial Precinct in Townsville, Queensland (Australia).

Australia's hydrogen industry said more is needed from the government to help the industry reach commercial scale.

The Merger creates a regional champion of size and scale, with a pro-forma market capitalisation of approximately A$21 billion

The reported net profit after tax of US$354 million includes net gains on asset sales and is significantly higher than the corresponding period mainly due to impairments included in the previous half-year result.

Pro-forma market capitalisation of A$21 billion which would position the merged entity in the top-20 ASX-listed companies and the 20 largest global oil and gas companies

Officials said the new power contract would begin in July 2022, when its existing contract with Shell expires, and run for 10 years.

Santos and Eni have signed a Memorandum of Understanding (MOU) to cooperate on opportunities in northern Australia and Timor-Leste.

First quarter revenue of US$964 million was stronger despite the contractual 3-month lag in oil-linked LNG prices and lower overall sales volumes

Santos notes the announcement from Fitch Ratings (Fitch) assigning Santos a BBB credit rating with stable outlook.

Australian liquefied natural gas (LNG) export earnings are forecast to fall from $48 billion in 2019-20 to $33 billion in 2020-21 due to weaker global prices and demand.

Uranium companies in Australia and Canada have announced purchases of physical uranium holdings.

The South Australia government has given planning approval for the massive $3 billion Goyder South wind, solar and battery storage project