Marine services company MMA Offshore’s net loss has widened to $144 million on the back of a previously flagged impairment and reduced activity in the oil and gas sector.
SPECIAL REPORT: Discussion about a sale of Western Power is taking place against a backdrop of rapid technological change in the sector, as networks brace for an onslaught of competition from battery storage.
GR Engineering Services wrapped up the 2016 financial year with record revenue and increased profit, but says competition for design and construction opportunities remains high.
Shares in engineering firm Monadelphous Group fell sharply today after it posted a 27 per cent slide in profit on the back of lower activity in the resources and energy sectors and predicted contracting margins would remain under pressure.
CIMIC Group has launched legal action in the United States against Chevron over cost blowouts on jetty and marine structures it built at the Gorgon LNG project on Barrow Island.
Engineering group UGL hopes to claw back some of a $200 million write-down it made on the massive Ichthys natural gas project near Darwin, but is unsure when it will pay shareholders a dividend again.
Santos will not pay a dividend after plunging to a $US1.1 billion ($A1.4 billion) half-year loss on the back of lower oil prices and a large impairment against its massive new LNG project.
Commercial property owners seeking to install solar panels under long-term purchase agreements have received a boost, with the state government announcing cuts to licensing red tape for providers.
Energy giant Santos will take an impairment charge of $US1.5 billion ($A2 billion) against the carrying value of its Gladstone liquefied natural gas project in Queensland.
A move towards usage of blockchains, the engine behind bitcoins, in the energy sector could have benefits for poles and wires operators as the industry faces increasing disruption, according to a proponent.
Treasurer Scott Morrison has made a surprise decision to block two consortiums from bidding on a 99-year lease of New South Wales electricity network operator Ausgrid, in a move that would be a bad omen for a sale of Western Power.
AGL Energy expects earnings to grow in the current financial year despite unseasonably warm weather at the start of the reporting period and fierce competition for customers.
The former head of power generation company Pacific Energy has emerged as the new chief executive of thermal energy company Enerji, replacing Andrew Vlahov, who stepped down last week.
A short term domestic gas contract between Woodside Petroleum and electricity generator Synergy is the first such deal since the North West Shelf Venture partners moved towards separate marketing of their production.
Underwater services company Shelf Subsea has merged with the local subsidiary of global geotechnical, survey and geosciences company Fugro in a deal worth $40 million.
Work is officially under way on the second stage of the Australian Centre for Energy Process Training facility in Munster, with the first sod turned today.
The employment market for geoscientists improved in the three months to June, in a sign that the resources industry might have reached the bottom in this cycle, although more than a third are still getting less than their desired amount of work.
Fertiliser and property magnate Vikas Rambal is making a move into renewable energy, buying a 50 per cent stake in Enigin WA, which will build the state's largest built environment solar panel installation at his Northam Boulevard shopping centre.
Former Perth Wildcats owner Andrew Vlahov has ended his tenure as chief executive of thermal energy company Enerji after spending just over a year in the role.
Marine services company MMA Offshore has flagged a $140 million impairment in its upcoming FY16 results, with the majority of the charge attributed to its vessel fleet.
Power generation company Pacific Energy has won an eight-year contract extension to continue providing services at St Barbara’s Gwalia gold mine in Leonora.
TransAlta Corporation has had a small win in the Supreme Court after successfully defending an entitlements claim by Monadelphous Group, but the engineering firm is still pursuing about $33 million from a joint venture comprising a Pilbara-based subsidiary of the Canadian power utility and DPB Development Group.
Protean Wave Energy has recruited former Woodside Petroleum executive Steve Rogers as its new managing director, with his predecessor Bruce Lane and chief technology officer Sean Moore both stepping down from their roles at the clean energy company today.
