Energy

Mining entrepreneur Andrew Forrest has made a move into onshore oil and gas, with Squadron Resources, a subsidiary of his Minderoo Group, to explore and develop the Canning Basin in an 80:20 venture with privately owned Goshawk Energy.

North Fremantle-based Carnegie Wave Energy plans to change its name to Carnegie Clean Energy after its $13 million acquisition of solar and battery microgrid developer Energy Made Clean.

Energy giant Woodside Petroleum says it has completed its $US440 million purchase of ConocoPhillips’ stake in an oilfield off the coast of Senegal, despite leaving a contractual dispute with one of the project’s partners unresolved.

Mike Nahan says recycling of capital invested in Western Power will be key to job creation and economic growth in Western Australia’s transitioning economy. 

Carnegie Wave Energy has wholly acquired solar power and lithium battery storage provider Energy Made Clean by purchasing the 65 per cent stake it didn’t already own.

Alaskan-focused oil and gas explorer 88 Energy has attracted two US-based investors for an $11 million capital raising to bolster its balance sheet.

Southern Cross Electrical Engineering shares lost nearly a quarter of their value today after the company warned of a $2 million loss for the six months to December.

Energy giant Santos has agreed to sell its Victorian gas assets to Cooper Energy for up to $82 million.

Iron ore producers have maintained their dominance over the BNiQ Search Engine Biggest Exporters list, as LNG producers are slow to start up. Click through to see the annual list of the state's biggest exporting companies.

Santos has narrowed its full-year sales guidance to the top end of its previous target range after total sales volumes leapt 31 per cent in the September quarter, compared with the same period last year.

Philippines-focused oil and gas play Nido Petroleum has launched a $31.9 million capital raising to fund drilling work at its Galoc project.

Perth-based thermal energy company Enerji has appointed KordaMentha as administrators after running into debt problems with one of its creditors.

Woodside Petroleum has reported a sharp increase in September quarter sales revenue and production, helped by record volumes at its liquefied natural gas facilities.

Dissident shareholders are seeking to shake up the board of Empire Oil & Gas at the energy company’s annual general meeting next month.

Premier Colin Barnett has confirmed plans for an initial public offering of Western Power are on the table, while the opposition has blamed the privatisation plans for the alleged cancellation of a contract with a major supplier.

Shares in local oil and gas company Carnarvon Petroleum have surged on better than expected results at its Roc-2 well test offshore Port Hedland.

Thermal energy company Enerji has requested its shares be halted from trade after receiving a letter of demand from one of its large creditors.

Western Australian gas producers shipped 2.2 million tonnes of LNG in September as quarterly exports were up 45 per cent nationally on last year, according to consultancy EnergyQuest.

Power generation company Pacific Energy’s second-largest shareholder has sold its $50 million stake in the business to a number of undisclosed investors.

Oil giant BP's decision to abandon exploration plans in the Great Australian Bight could mean that the region will remain unexplored for some time.

BHP Billiton expects renewable energy to grow at the higher end of expectations but says non-renewable fuels will remain the lowest cost sources in major energy markets for the foreseeable future.

WA Labor leader Mark McGowan has ruled out extending a ban on fracking beyond three regions if he wins the March state election.

Western Australia is emerging as a market leader in the uptake of microgrid technology in electricity markets, with recent announcements by Horizon Power and Carnegie Wave Energy part of broader moves across the sector.

If the Western Australian government is seeking a marketing advantage over other states, it has just been handed one in the form of the disastrous energy policy destabilising the rest of the country.

More than half of the electricity used in the Pilbara town of Onslow will be sourced from renewable sources by 2020, with the state government today announcing it will be home to Australia’s largest distributed generation microgrid.

Decmil Group has won three contracts worth about $34 million, with two of the contracts awarded to a joint venture established with a local engineering business owned by former Horizon Power boss Rod Hayes.

Shares in Programmed Maintenance Services have slid more than 20 per cent after the labour hire and maintenance group slashed its earnings guidance for the current financial year.

Perth-based renewable energy technology developer Carnegie Wave Energy has won a $2.5 million grant from the Australian Renewable Energy Agency for a wave and solar power microgrid it aims to develop on Garden Island.

AGL Energy has forecast a lift in underlying profit for the current financial year while also announcing a near $600 million share buy-back and a higher dividend payout as it benefits from strong electricity margins.

Local petroleum executive John Begg is planning to list his recently formed private company, Bombora Natural Energy, after striking a deal to farm-in to UIL Energy’s Perth Basin tenement.

Citation Resources has appointed KordaMentha as voluntary administrators, while the oil and gas company continues to pursue recovery of funds through a civil action against former director Peter Landau.

The state government has acted on a key recommendation from a parliamentary inquiry into fracking delivered late last year, appointing a working group to review laws around land access.