24 stories mentioning ASX:VEAUpdated 2d ago
Every FINWIRES story that references ASX:VEA, newest first.
Viva Energy Group (ASX:VEA) requested an immediate trading halt on the Australian Securities Exchange as it prepares to announce the impact of a significant fire at its Geelong Refinery, according to a Thursday filing with the Australian bourse.The company has requested that the trading halt remain in effect until the information is released or trading resumes on April 20, the filing added.
Australian shares are expected to open flat on Thursday as markets weighed renewed optimism from the Trump administration over a possible Iran deal against escalating threats of tighter sanctions on Iranian oil buyers and ongoing disruptions to shipping through the Strait of Hormuz.Overnight, the S&P 500 and the Nasdaq Composite rose 0.8% and 1.6%, respectively, while the Dow Jones Industrial Average fell 0.2%.In the macroeconomy, Australia's labor force report is due at 11:30 am Sydney time.In corporate news, A fire erupted at Viva Energy Group's (ASX:VEA) oil refinery in Geelong overnight, and firefighters are still working to bring it under control, multiple media outlets reported Thursday.Rio Tinto Group (ASX:RIO) commissioned a new alumina conveyor at its BC Works smelter in Kitimat, Canada, the company said on Thursday.Australia's benchmark index rose 0.1% or 7.9 points to close at 8,978.70 on Wednesday.
A fire erupted at Viva Energy Group's (ASX:VEA) oil refinery in Geelong overnight and firefighters are still working to bring it under control, multiple media outlets reported Thursday.The facility, one of only two refineries that is still operating in Australia, has a processing capacity of 120,000 barrels of oil per day, the Australian Financial Review reported. It reportedly accounts for 10% of Australia's fuel supply and 50% of the fuel used in Victoria.All Viva Energy staff at the location have been accounted for, and no injuries have been reported so far, according to the reports.Australian Energy Minister Chris Bowen said the fire appears to be an accident and will impact fuel production in the country. An investigation into the incident will follow.
Viva Energy Group (ASX:VEA) changed an accounting judgement applied in its financial report for the year ended Dec. 31, 2025, resulting in an increase in impairment expenses of AU$25 million, following a review conducted under the Australian Securities and Investments Commission's (ASIC) financial reporting and audit surveillance program, according to a Monday statement.Viva Energy recognized a total impairment expense for its retail convenience sites for the 2025 year of AU$558.8 million.The regulator reviewed Viva Energy's financial report and raised concerns about its approach to impairment testing of its convenience retail sites. This involved assessing some sites as a group on the basis that the Shell Card is a wholesale offering across Viva Energy's Australia-wide network, rather than assessing them all on an individual site basis.ASIC believed that this group approach was inappropriate because Viva Energy was able to assess impairment for each retail site included in the Shell Card cash-generating unit.Its shares jumped 3% in recent trading on Monday.
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