Otto Energy says the sale of its Galoc oil field assets in the Philippines to Singapore-based energy company Risco Energy Investments for $113.4 million will help fund exploration activities for two years and return capital to shareholders.
The federal government has appointed former Western Australian bureacrat Stuart Smith as CEO of its oil and gas industry regulator, the National Offshore Petroleum Safety and Environmental Management Authority.
Rural network provider Horizon Power has in part blamed a downturn in the economy for the company’s decision to reduce its number of electrical linesmen by 28 per cent
Fremantle-based Carnegie Wave Energy says its $31 million Perth Wave Energy project is close to the commissioning stage after completing offshore preparations and testing its CETO technology.
Sunbird Energy has announced a deal with Vandasia Investments under which the gas explorer and developer will secure a $25 million cash injection and a new major strategic partner.
Engineering and project services firm Clough says its AMEC joint venture has been awarded a $70 million contract for Arrow Energy’s Bowen gas project in Queensland.
Engineering and infrastructure company RCR Tomlinson has returned a fifth straight year of revenue growth, delivering a statutory net profit after tax of $43.3 million.
The release of a discussion paper on how to fix the electricity market has reignited the debate over whether Synergy and Verve should be split into two separate generator-retailers.
Stonehenge Metals has entered into an agreement to acquire a Protean Energy subsidiary for a cash and share package worth about $1.34 million, to gain access to Protean’s wave energy converter technology.
Producing electricity for Western Australians costs at least 125 per cent more than elsewhere in Australia, according to a newly released state government discussion paper on the largest ever review of the electricity market.
Power generator Pacific Energy has reported a 1 per cent fall in profit over the last financial year despite record earnings from its Kalgoorlie Power Systems and hydro-electric businesses.
Ratings services Standard & Poor's said today it had revised its outlook on the 'BBB-' issuer credit ratings on DBNGP Trust, the owner of the Dampier to Bunbury Natural Gas Pipeline, and relate
New warnings have emerged electricity prices could rise if Western Australia adopts an east-coast style energy market, according to a report commissioned by a private operator.
The private developer of a 150 megawatt power station with contracts to Fortescue Metals Group has announced the all inclusive cost of the project will be $570 million.
Fremantle-based Carnegie Wave Energy has partnered with the University of Adelaide on a $1.8 million project to research and develop control strategies for wave energy converters.
In the third part of our series featuring EY Entrepreneur of the Year nominees, Business News talks to three chief executives in the technology sector.
First Solar has awarded contracts to Perth-based construction company WBHO Civil for structural and electrical work at Australia’s largest solar energy plant, near Nyngan in New South Wales.
Sino Gas & Energy Holdings has appointed former Ophir Energy commercial and business development director Glenn Corrie as the firm’s new chief executive officer.
Two months after acquiring fraccing technology developer Ecopropp, energy company Coretrack has completed a successful raising of $2 million to advance the new business.
Western Australia’s monopoly electricity network provider has been warned it may be facing a Kodak moment as consumers demand changes to how electricity is made and moved around the state.
Woodside Petroleum has turned the threat of cheap liquefied natural gas exports from the US into an opportunity for the producer to resell some of that LNG at a higher price.
