Power offshoot changes name and does a deal on debt

THE troubled utility Babcock & Brown Power took a stop closer to salvaging some value for shareholders yesterday by striking an agreement with its bankers to restructure a crippling debt of $2.7 billion.

Superberg B17B heading our way

A GIGANTIC white reminder of the climatic forces at work in the Antarctic is looming south of Australia.

B&B Power still on thin ice

BABCOCK & BROWN POWER has struck a deal to pay its former parent $444 million in debt and fees, but the utility's future still hinges on a disputed gas contract in Western Australia.

BBP deal, but bankers still hold the cards

BABCOCK & Brown Power has struck a deal to pay its former parent $444 million, but the utility's future still hinges on a disputed gas contract in Western Australia.

No time for browsing on gas deal

WOODSIDE has put pressure on its joint-venture partners in the $30 billion Browse liquified natural gas project to declare their intention to proceed within 30 days, saying it is ready to take extra equity if one partner is forced out.