Energy

Oil and gas company AWE has found a new buyer for its majority stake in the Cliff Head offshore oil project, after Elixir Petroleum was unable to complete a previously announced deal.

Former Woodside Petroleum and Beach Energy executive Rob Cole has been appointed chair of the Southern Ports Authority.

Iron ore miner Mineral Resources has added another string to its bow, taking a 19.3 per cent stake in domestic gas supplier Empire Oil & Gas, a week after the company increased its slice of the Mt Marion lithium project.

Shares in marine services business MMA Offshore were lower after the company warned of a profit reduction and no reprieve in the coming financial year.

Perth-based Energy Made Clean has completed its first major project under its alliance with New Zealand power utility Infratec, with the installation of a battery energy storage system (BESS).

Sandfire Resources has announced completion of a $40 million solar power facility at its DeGrussa copper-gold mine, with the plant achieving full generation capacity.

The boss of Woodside Petroleum has lambasted the gas industry for being complacent and for losing ground to rival fossil fuel players.

A successful Oil Search takeover of Interoil will be one factor that could help trim billions off the cost of LNG projects in Papua New Guinea in the next two decades, according to consultants Risc.

Perth-based Energy Made Clean has struck a partnership deal with Aboriginal corporation Eastern Guruma for the rollout of solar power stations and solar water pumps in northern Australia.

Engineering and construction group Valmec says it has won $11.8 million worth of contracts with several clients.

Australia's national LNG production capacity is nearing 50 million tonnes per annum, as Santos today brought Train 2 online at its Gladstone project.

Programmed Maintenance Services has returned an annual net loss as a result of lower demand for marine services following the steep drop in oil and gas prices.

Tap Oil says it expects to resolve outstanding disputes with a dissident shareholder after announcing a major restructure that will see the current chairman retire and three new directors join the board.

Perth-based contractor Decmil Group has entered into an agreement with BG Group for the provision of its services in the Surat Basin.

Two petroleum industry executives with a strong Perth connection have struck a deal that will see Oil Search boost liquefied natural gas development in Papua New Guinea, after negotiating a $US2.2 billion ($A3 billion) deal to buy InterOil.

Energy giant Woodside Petroleum is excited about the exploration potential of Myanmar after increasing its estimates for two offshore gas discoveries.

Horizon Power will trial a new method of charging residents and businesses in Port Hedland for electricity, with the aim of giving customers more control over their power usage.

Loss-making engineering services company Ausgroup has breached a key financial covenant after its total equity fell below $160 million.

International firm Katalyst Data Management has opened a new data centre at its Perth operation in Leederville to service oil and gas companies in the Asia-Pacific region.

Oil and gas company Citation Resources has launched proceedings in the Federal Court against its former chairman Peter Landau after an investigation revealed issues concerning $2 million worth of transactions.

Local oil explorer Pura Vida Energy has slashed director salaries and accepted the resignation of chairman Jeff Dowling as it seeks to further cut costs to preserve cash holdings.

Treasurer Mike Nahan hopes to raise $16 billion from an expanded asset sales program, with Western Power and Horizon Power's Pilbara transmission lines now targeted but two other assets unexpectedly removed from the government's sell-off list.

Treasurer Mike Nahan has poured cold water on a report that argued Western Power was a major cash spinner for the government, saying the corporation paid a net dividend of less than $30 million to the state last year.

Australian energy company AWE has knocked back a $421.4 million takeover bid from a private equity firm, labelling the offer opportunistic and below fair value.

GR Engineering Services' oil and gas services business has won a second major contract in as many days, with Origin Energy signing the subsidiary on for a $50 million job.

GR Engineering Services has won a $90 million contract to operate and maintain a floating production storage and offloading facility in the Timor Sea for Northern Oil & Gas Australia.

Chevron is the latest major resources player in the state to announce a change in leadership, after selecting a successor to current managing director (Australia) Roy Krzywosinski, who will hand over the reins in June.

Energy giant Santos will hand at least 40 per cent of its underlying net profit back to shareholders as dividends despite a tough year due to falling oil prices.

Perth-based engineering services firm Oil & Gas Solutions has expanded its presence in Singapore with the acquisition of recruitment and staffing firm Jadeclover for an undisclosed sum.

The Fair Work Commission has ruled that fly-in, fly-out workers should not receive extra pay if demobilised from a job while on a rest and relaxation period.

Growing demand for energy and LNG's role in efforts to reduce CO2 emissions were among the positive takeaways from the LNG 18 conference in Perth.

Energy giant Shell is talking with staff about job cuts and efficiency improvements as it assimilates the previously BG Group-owned QGC gas project.