Energy

Energy giant Woodside Petroleum is expected to delay a long-awaited decision on its multi-billion dollar Browse project until oil prices recover.

Perth-based engineering and construction business Valmec has won a $24 million contract to provide its services to the Australia Pacific LNG project in Queensland for Origin Energy.

Prime Minister Malcolm Turnbull will join a range of international energy leaders in Perth to open the LNG 18 global conference in mid-April.

Energy giant Woodside Petroleum has bolstered its board with the appointment of a former Shell executive, while Dacian Gold has welcomed a prominent lawyer to its board.

The global LNG market could soon be in sharp oversupply, with Australia contributing about a third of that excess in what will become a buyers’ paradise, an international expert says.

Energy giant Woodside Petroleum has signed a project development agreement with US-based Sempra Energy for a potential liquefied natural gas plant in Texas.

Today at AOG: US petroleum company Hess is pursuing development of its Equus gas field off the Pilbara coast, with senior manager Andrew Drayton telling the Australasian Oil & Gas conference today it would proceed with a variety of tendering opportunities this year, including for subsea work.

Today at AOG: Former APPEA environmental director Miranda Taylor has been appointed as chief executive of the federal government’s newly established energy resources growth centre, which will be known as National Energy Resources Australia.

Power generation company Pacific Energy has won a contract to supply electricity to Doray Minerals’ Deflector gold project in the Murchison region for an undisclosed sum.

Local waste management company Tox Free Solutions has won a new contract for work at BHP Billiton’s Olympic Dam mine in South Australia, along with an extension for ongoing work at Chevron’s Western Australian assets, for an undisclosed sum.

The state government has signalled its intentions to proactively support Western Australian companies interested in growing energy commodity exports to Europe and participating in European Union activities.

CIMIC Group has confirmed a formal contract dispute has been issued to Chevron over work at the Gorgon LNG project, with the construction and contract mining firm claiming it is owed about $2.36 billion.

MMA Offshore has reported a dramatic slide in half-year profit as the marine services company faces challenging conditions in the offshore oil and gas industry.

The impact on economic development and power prices from a sale of the state’s electricity network could be managed by a strong regulatory framework, Premier Colin Barnett said today, as he continued to reassess his view on the ownership of Western Power.

Energy giant Santos says it can withstand a prolonged slump in oil prices despite taking an eye watering $2.7 billion full-year loss due to $2.8 billion in write-downs.

Energy giant Woodside Petroleum has reported a sharp fall in profit on the back of writedowns and says now is not the time to be reckless as it mulls over the future of its key Browse project.

Local manufacturer Matrix Composites & Engineering lost a fifth of its value on the ASX today after announcing it had received a cancellation notice for two contracts worth a combined $US21.8 million ($A30.5 million).

Engineering company Monadelphous Group has posted sharp falls in profit and revenue for the six months to December, but says there is a growing pipeline of work in its maintenance services division.

Marine services provider Bhagwan Marine has won a contract to provide its services to American company Foss Teras Marine on an oil and gas construction project in Russia.

Energy giant Woodside Petroleum's decision to search for gas off the coast of Myanmar has proved fruitful so far, with the company announcing its second discovery this year.

The state government has hit back at a number of claims made by a new power industry lobby group, calling its campaign a scaremongering tactic run by companies seeking to protect their taxpayer-funded incomes.

While proponents laud the benefits in capital recycling from an electricity network sale, there’s evidence it would lead to lower prices for users.

The state government has officially commissioned the $140 million Eastern Goldfields Pipeline, which will support the ongoing development of mining projects in the region and benefit operators of existing mines due to reduced costs

Shares in Perth-based gold and nickel explorer Nickelore doubled in price today after the company announced it would acquire a Brazilian renewable energy provider.

A new lobby group associated with influential players in the power industry has warned the state government it risks a voter backlash at the 2017 poll if proposed changes to the sector trigger higher prices to households.

AGL Energy has swung to a half-year net loss of $449 million after accounting for writedowns from its decision to exit natural gas exploration and production.

Some of Western Australia’s lowest income residents may soon be able to access solar panels and other energy efficient devices following the announcement of a $250 million national package aimed at improving existing and helping build greener community housing.

Geraldton-based Bhagwan Marine has grown its subsea services division with the acquisition of Delta Subsea for an undisclosed amount.

Global oil supply fell by 0.2 million barrels per day in January, while falling demand growth and resilience of high cost suppliers could lead to continued downward pressure on prices, according to the International Energy Agency.

AGL Energy is quitting its gas exploration and production activities due to the collapse in oil and gas prices.

Colleagues have paid tribute to Troy Resources chairman and Aquarius Platinum director David Dix, who passed away overnight.

Two niche operators in Western Australia's electricity market have accused the state government of being more concerned with protecting its own interests than creating a truly competitive industry