The battle for gas allocation in the wake of the Varanus Island incident has become hotter as industry starts to grapple with the longevity of the crisis, which is expected to continue in some form until December.
The true impact of the Varanus Island incident is starting to emerge as the depth and length of the resulting crisis become clearer to business and the government.
More than two-and-a-half years after kicking off the process, the state government has finally been handed a final report on its infrastructure strategy.
Wesfarmers Ltd says its pre-tax earnings will be cut by up to $20 million a month, as the company feels the impact of gas outages following an explosion that closed down the Varanus Island gas plant.
Perth engineering company Macmahon Holdings Ltd has negotiated a $100 million extension to a contract with BMA Coal Operations, which owns and operates the Saraji coal mine in Queensland.
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Malaga-based Automotive Technology Group Ltd has signed an agreement with ARE Engines Ltd to jointly evaluate the fuel saving and lower emission capability of the patented Almasi Rotary Engine.
Oil and gas company Santos has forecast a net production loss of 1.2 million barrels of oil equivalent for 2008 thanks to the Varanus Island gas incident.
Perth-based oil company Odyssey Energy Ltd has entered into an agreement with Marion Energy Ltd to sell its North Helper and Jester-Bloomington projects for consideration of 27.5 million Marion shares.
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Engineering services company Neptune Marine Services Ltd, through its subsidiary, Link Weld Engineering, has been awarded two fabrication contracts, one with Apache Energy Ltd, collectively worth more than $5 million.
Apex Minerals NL is expecting the first gold pour from its Wiluna gold project in Western Australia in November, after the finalisation of a study pegged cash costs at around $A560 per ounce.
The state's gas shortage is expected to last for another six months as Apache Energy Ltd, the operator of the shut down Varanus Island gas plant, calls on the federal government to review a policy that may have exacerbated damage at the facility.
Investors have rushed to fill West Perth-based Malagasy Minerals Ltd's $10 million initial public offer, with so much support that it could have filled the offer nearly three times over.
Private investment player, Wyllie Group, will take a 15 per cent stake in Perth-based oil producer Amadeus Energy Ltd, which has raised nearly $15 million in the process.
Perth-based shipbuilder Austal Ltd has today announced that its executive chairman will step down while its US-based chief executive, former Alinta chief Bob Browning, will takeover the Australian operation.
Investors continued to sell out of Babcock & Brown Power Ltd, driving its share price down a further 14 per cent today after the fund downgraded the earnings of its Alinta gas subsidiary.
As the gas crisis bites into the state's industries and households, the state government has confirmed that it will increase the cap on gas tariffs for residential and small business customers by around 10 per cent.
Perth-based explorer Newland Resources Ltd has entered into an agreement to acquire a share of assets worth $44 million from Pacific International Management Inc.
Clean energy technology group Orbital Corporation Ltd has entered into a funding agreement with the federal government worth $2.8 million to construct and operate an engine testing facility in Balcatta.
South Perth-based coal seam gas explorer Pure Energy Resources Ltd has completed a $15 million capital raising with funds to head towards exploration costs on projects on the east coast.
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With the impact of the gas crisis set to last for months, nickel miner Minara Resources Ltd has secured a long-term gas supply contract from alternative sources while its Murrin Murrin operation operates at two-thirds of normal production rates.
Como-based Aquila Resources Ltd battle with AMCI and Brazilian mining company Vale has ended, with the High Court refusing to grant the company leave to appeal.
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The scale of the impact of the Varanus Island gas explosion is starting to emerge, with about 50 per cent of a large sample of companies in Western Australia reporting their production is down by 30 per cent.
With the release of the state government's Pilbara Third Party Haulage Regime last week, iron ore juniors in the area are hopeful their production aspirations will get a boost, though they are not expecting quick resolution of the issue.
Visiting WA; Business Chicks WA Launch National women’s business group, Business Chicks, is to hold a WA launch entitled the Business Chicks Breakfast at 7am on Thursday June 26 at Sheraton Perth Hot
