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Early Yallourn power station closure sets the pace for ASX energy sector shakeup

Early Yallourn power station closure sets the pace for ASX energy sector shakeup Mitchell Lawler | March 10, 2021 5:29pm | More on: Image source: Getty Images Energy Australia has announced today that it will bring forward the closure of its Yallourn coal-fired power station in Victoria by 4 years. Therefore, operations will cease in mid-2028, instead of the previous 2032 target. The decision set the tone for the Origin Energy Ltd(ASX: ORG)’s CEO Frank Calabria; and BHP Group Ltd(ASX: BHP)’s head of carbon management, sustainability, and climate change, Graham Winkelman. Green future is desired, but the path there is complex It is a fine balance, trying to walk the tight rope of supply and demand while also transitioning to renewables. The difficulty is further compounded by the government’s hand in the markets.

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Falcon Oil & Gas Notes Arrival Of Tubing Equipment At Kyalla 117 Well

Falcon Oil & Gas Notes Arrival Of Tubing Equipment At Kyalla 117 Well Thu, 24th Dec 2020 14:15 (Alliance News) - Falcon Oil & Gas Ltd on Thursday reported that a coiled tubing unit and necessary consumables have arrived at the Kyalla 117 N2-1H ST2 well in the Beetabloo sub-basin, onshore Australia. Earlier in December, a joint venture between Falcon and Australian energy firm Origin Energy Ltd said it would start operations to re-enter Kyalla 117 with coiled tubing, applying nitrogen to lower the pressure in the wellbore and help with achieving a gas breakthrough. Life operations are expected to start in the next few days, and if successful, could allow for extended production testing.

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