Energy

Moly Mines Ltd has executed full financing documentation for the provision of a $US150 million interim debt financing facility with various funds associated with the Trust Company of the West.

US-based machinery group Terex Australia has signed a design and construct deal with Perth Airport to establish its new WA headquarters on a four hectare site at the airport's Kewlink intermodal business park.

Former Arc Energy Ltd chief operating officer Marie Malaxos has been elected as the president of the Petroleum Club of Western Australia, replacing Derrick O'Keefe.

Two wholly-owned subsidiaries of Como-based construction company Forge Group Ltd have secured contracts valued at $50 million from mining companies including Rio Tinto.

Western Australia has formally lost its bid to host a multi-billion dollar liquefied natural gas plant, with Japanese company Inpex Ltd today announcing Darwin as its preferred site.

An injunction preventing Cape Lambert Iron Ore Ltd from acquiring a stake in an African iron ore project has been dropped following mediation talks with a disgruntled shareholder.

Found: Firepower chief in London, denies hiding; Double gas trouble as Inpex quits WA and oil tax is passed; Monetary shot 'a necessity'; Rio faces strike as train drivers fire up test case; Timber firms plan writs over Varanus gas crisis

The tax on condensate passed the Senate today, despite fierce opposition from WA Senators who compared the bill to a 'drive-by shooting' on Western Australians.

More than 300 local and international exhibitors will be on show at the 2009 Australasian Oil & Gas Exhibition in Perth, making it the biggest oil and gas expo ever held in the Southern Hemisphere.

State hit by $731m blowout: Buswell; 'Morale' cash quietens builders; Only 'faint glimmer' WA will retain Inpex gas project, says Barnett; Strike move sees NW union revival; Turbulence forces Qantas to delay $2bn float

THE gas crisis caused by a pipeline rupture at Varanus Island has left a bitter legacy for many Western Australian businesses, which have been scathing of the former state government's reaction.

IT'S difficult when assessing elections not to immediately reach for statistics - size of swings, percentage of preferences gained by parties, levels of various majorities, and other such measures that help assess how well or how badly parties and candida

A PERTH engineering company that has created a niche for itself in the lucrative mining vehicles market is hoping to do the same in the US.

THERE are many things likely to change following the recent state election, not just as a result of a new government but also due to the circumstances in which it took power.

THE CBD will face a power shortfall in 2010 unless Western Power installs $100 million worth of new electrical infrastructure to cater for the increased demand on the grid from new office and apartment buildings.

THE next stop for the Australian All Ordinaries Index now looks likely to be 4,300 points, which will be a 61.

A MANDATORY renewable energy target of 20 per cent would add up to $300 million a year to the cost of producing aluminium in Australia, according the country's leading producer.

US oil company Chevron has selected three preferred sites in Western Australia for its planned Wheatstone liquefied natural gas project, with a decision expected mid next year.

Cape Lambert Iron Ore Ltd will find out before the end of the week whether an injunction preventing it from acquiring a stake in an African project will be extended.

Burke emerges as problem for new state government; Barnett: never on a Sunday; Premier backs Woodside on marketing, tax fight; Rudd acts to ease doubts on short-selling confusion; WA's $300m lobster industry facing disaster

Despite the volatility in the wider market, the Deloitte index of Western Australian stocks rose by nearly six per cent over the past 12 months, compared to the All Ordinaries index which declined by over 16 per cent.

Perth-based energy developer Aviva Corporation Ltd said the purchase of an additional mining lease could boost coal reserves at its Coolimba power station by up to 10 per cent.

Western Energy Pty Ltd has been given the green light by the Economic Regulation Authority to operate a 120 megawatt power station at Kwinana which will supply electricity to the South West Interconnected System.

Cape Lambert Iron Ore Ltd has today confirmed that it is fighting a court injunction brought about by major shareholder Power United Ltd, which is seeking to block the acquisition of a stake in an African project.

South Perth-based Nomad Building Solutions Ltd has secured nearly $50 million worth of contracts for work at Rio Tinto's Brockman 4 iron project and Woodside Petroleum's Pluto operation.

Federal Liberal Party deputy leader Julie Bishop was one of three Western Australian MPs promoted to senior roles as part of new leader Malcolm Turnbull's frontbench reshuffle.

Iron ore, coal and liquefied natural gas are all tipped to contribute heavily to Australia's commodity export earnings this financial year, forecast to rise to a record $214 billion.

Premier-elect Colin Barnett said he is pessimistic over the state's chances of hosting Inpex Ltd's $12 billion liquefied natural gas project following a meeting with representatives this morning.

The federal government will commit $100 million a year to a Global Institute, based in Australia, aimed at accelerating the development of carbon capture and storage (CCS) technology.

Cape Lambert Iron Ore Ltd has urged its shareholders to carefully consider the resolutions proposed by Power United, which earlier this week proposed for the removal of several directors including executive chairman Tony Sage.

Concerns about the possibility of more gas rationing in the next few weeks have been raised by some Western Australian businesses as major industrial users come back on stream before Varanus Island's gas output is completely restored.

West Perth-based energy development company Eneabba Gas Ltd has secured a near $4 million gas supply agreement.