Australia has a real opportunity to recover its economy not only by energy efficiency but also by the Noologistical Management.

Australian economy supports a return to positive growth next year

Japan’s Nikkei added 0.7% to also reach a three-month peak.

The S&P/ASX 200, currently on a five-week winning run, closed 1.1% higher at 5,819.20 on Monday

Santos today is pleased to announce it has completed the acquisition of ConocoPhillips’ northern Australia and Timor-Leste assets for a reduced purchase price of US$1.265 billion plus an increased contingent payment of US$200 million subject to a final investment decision (FID) on Barossa.

“Stand-alone power systems, which are usually a combination of solar, batteries and a back-up generator, are getting cheaper and more sophisticated. In contrast, supplying customers using poles and wires in remote areas can be very costly.”

Buy-now-pay-later firm Afterpay starred again as it jumped 9% to a record high and helped the benchmark S&P/ASX 200 end 2.2% higher at 5,615.6.

The S&P/ASX 200 index settled 0.5% higher at 5,391.1. The benchmark climbed nearly 3% this week, its biggest weekly rise since April 10.

The S&P/ASX 200 index closed 0.4% lower at 5,364.20 points, after shedding 0.4% on Wednesday. The index is off 25.6% from its lifetime high on Feb. 20, 2020​.

Australia's Santos 2020 First Quarter Activities Report

It is Shell’s first big investment decision since the coronavirus crisis and tensions between Saudi Arabia and Russia caused oil prices to crash below $30 per barrel. Natural gas prices are currently at historic lows.

Australia's S&P/ASX 200 index fell 2.5% or 134.50 points to 5,353.00 at the close of trade.

Australian independent oil and gas producer Santos has signed a letter of intent (LoI) to sell a 12.5% stake in the Barossa gas field in northern Australia to JERA, the joint venture between Japanese power utilities TEPCO and Chubu Electric.

Shell Australia (Shell) has taken a final investment decision to develop the first phase of Arrow Energy’s Surat Gas Project in Queensland, Australia.

A very large economic contraction is, however, expected to be recorded in the June quarter and the unemployment rate is expected to increase to its highest level for many years.