Energy

Engineering contractor Laing O’Rourke has taken 800 of its workers off the $US37 billion Ichthys LNG project in Darwin due to a pay dispute with its Japanese supplier.

Soaring gas prices on Australia's east coast are making manufacturing difficult or even impossible, the competition watchdog has warned, as a gas 'crisis' puts jobs in brickmaking and other industries at risk.

Shares in Carnegie Clean Energy jumped 23 per cent today, with the company likely to receive financial support for an Albany wave project from the newly elected state government, while environmental activists are already putting pressure on uranium miners.

The third LNG train at Chevron’s Gorgon facility on Barrow Island is ramping up to begin producing ahead of schedule, with the milestone set to be achieved by the end of the month.

Woodside Petroleum executive Jeroen Buren has been named acting president of the Chamber of Minerals and Energy of Western Australia, filling the role left vacant by Brian Reilly, who has moved to Canada to take on a new role with Cameco.

BHP Billiton has reaffirmed its optimistic view on oil markets as it seeks to invest further in the sector amid a steady recovery in prices.

ANALYSIS: One of the sleeper issues in the election campaign is the strategy for renewable energy over the next four years. There has been surprisingly little debate on the issue, which affects householders and business alike.

WA Labor has demanded the Liberals guarantee a privatisation of Western Power won't lead to electricity price rises and release legislation on the deal, while the Liberals say prices will not be impacted because they are independently regulated.

Woodside Petroleum boss Peter Coleman has received $2.9 million worth of shares in the Perth-based energy giant as part of a short-term incentive under his executive employment contract.

GR Engineering Services has been contracted for work on Eni Australia’s Blacktip Gasfield operations in the Timor Sea, with the value of the work undisclosed.

Marine services company MMA Offshore will sell its Dampier and Broome supply bases to Toll Group for about $53 million to pay off debt, as the company revealed a $323.7 million half-year loss on the back of a large impairment charge.

Woodside Petroleum's boss received lower pay in 2016 despite the energy giant posting a surge in profitability, after the company restructured executive pay following a shareholder vote.

Subiaco-based energy company Australis Oil & Gas has announced an $80 million expansion of its shale acreage in the southern US, amid plans for a $100 million raising.

Soaring energy prices, driven by growing gas exports are putting jobs at risk and "politics-driven energy policies" are making the situation worse, Australia's peak business lobby group has warned.

WA Labor has vowed to employ at least 50 apprentices at Western Power every year if it wins the state election.

Perth-based Monadelphous Group has received a number of contracts with multiple clients including Fortescue Metals Group, BHP Billiton and Chevron, with the work worth a combined $120 million.

Pauline Hanson’s One Nation is hoping to put an end to decades of fracking in Western Australia, if the party wins seats in the upcoming state election.

WA Labor has promised the state’s sixth-largest town, Albany, would become fully powered by renewable energy – if elected – under a $19.5 million funding commitment with Carnegie Clean Energy.

Woodside Petroleum says it is considering new facilities at Pluto LNG to distribute the fuel in the Pilbara for mining and marine usage, as the company bounced back from large write-downs to post a sharp rebound in profitability for the first half of the 2017 financial year.

Outgoing Wesfarmers boss Richard Goyder has been revealed as successor to Michael Chaney as chairman of energy giant Woodside Petroleum, a week after we was named the next chairman of the AFL.

Woodside Petroleum has officially launched its latest marine craft, taking the opportunity to showcase the newly built platform supply vessel Siem Thiima in Fremantle due to its capacity to use LNG as a fuel.

Beach Energy has swung to a first-half net profit on the back of record sales volumes and higher oil prices.

Engineering and project management firm WorleyParsons says the slump in activity among its customers, which caused revenue to plunge by 35 per cent and pushed the company to a first-half loss, may have bottomed out.

A joint venture between Monadelphous Group and Jacobs Engineering has struck an agreement to provide services to Oil Search’s operations in Papua New Guinea, in a deal worth up to $US250 million.

Oil and gas producer Santos has halved its full-year loss and cut net debt as it continues to restructure and cut costs.

Origin Energy has flagged a hit to profitability a day ahead of its half-year earnings, announcing it will take a $1.9 billion impairment charge against the value of some of its major assets, including the Australia Pacific LNG project and its Browse Basin gas fields.

Woodside Petroleum executive vice-president Lawrie Tremaine is jumping ship to become Origin Energy's new chief financial officer.

A currency depreciation and weak market conditions for resources companies have driven net profit after tax down by 42.9 per cent at Henderson-based contractor Civmec.

Specialist oil and gas advisory firm Miro Advisors is planning to wind down its operations, a little more than six years after managing director Tim Woodall opened the business.

Sydney-based AGL Energy has said it would lose around $15 million in a bid to enter the Western Australian domestic gas market in the 2018 financial year, after it lodged a retailing application with the state's Economic Regulatory Authority. 

Local engineering and construction group Valmec has won a $5.4 million contract for work on DBP Development Group’s Tubridgi gas storage facility near Onslow, which will be the largest in Western Australia when completed.

Rising gas prices on the east coast have highlighted yet another anomaly in the GST structure that costs WA.