Energy

A joint venture between engineering firms UGL and Kentz has been awarded a $US640 million contract for construction work at Inpex's Ichthys liquefied natural gas project.

SPECIAL REPORT: Former Verve Energy CEO Shirley In’t Veld says when it comes to government-owned businesses, politics often wins out over commercial imperatives.

Engineering contractor Monadelphous Group has been awarded a $680 million construction contract at Inpex's Ichthys liquefied natural gas project.

Western Australia’s peak business body for sustainable energy has welcomed the federal government’s review of the Renewable Energy Target, welcoming the challenge to reveal the benefits of the RET

Power generator Pacific Energy has reported a 37 per cent increase in half-year earnings despite a slowdown in new resource project development.

Toll Group has been awarded a $90 million contract to design, construct and operate an offshore logistics base in Darwin for INPEX's Ichthys liquefied natural gas project.

The Environmental Protection Authority has appointed three delegates to assess the environmental impact of the state government's proposed Browse liquefied natural gas precinct.

Clean power company Enerji has announced it plans to develop a full-scale waste heat-to-power plant in the Pilbara following the completion last year of a pilot plant in Carnarvon.

Royal Dutch Shell has announced it will sell its minority stake in Chevron's Wheatstone liquefied natural gas project and a related joint venture to the Kuwait Foreign Petroleum Exploration Company for $US1.13 billion.

Woodside Petroleum has inked a deal to supply about 1.5 million tonnes of liquefied natural gas over three years to Japanese utility Chubu Electric Power.

Forge Group has announced further cost blow-outs of up to $28 million on one of its power station projects, less than two months after telling the market it had defined the full extent of its problems.

Woodside Petroleum's partners in the Leviathan gas project in Israel have signed a deal to sell $1.2 billion worth of gas to the Palestine Power Generation Company for 20 years.

Woodside Petroleum says it will push ahead with plans to jointly sell gas from its proposed Browse project despite a Japanese partner terminating a purchase deal last week.

Energy giant Chevron has received conditional approval to clear an additional 32 hectares of land on Barrow Island for the construction of Australia's largest gas project.

Woodside has for the first time confirmed the high cost of its shelved James Price Point gas project, though the figure it has released is not directly comparable to the construction cost estimates for other LNG developments like Chevron’s larger Gorgon development on Barrow Island.

Resources companies will turn to foreign workers to service $200 billion worth of oil and gas projects in the coming years unless there is greater investment in skills training, a new report has warned.

A group of large industrial gas users has urged Premier Colin Barnett to stand firm in insisting the Woodside-led Browse gas project is developed onshore.

Chevron has announced a second cost increase and further delays to its giant Gorgon gas project, with the budget now set at $US54 billion.

BHP Billiton is backing the US gas boom to continue and says exports from there could start within three years, which could be bad news for Australia's rival projects.

Perth-based oil and gas explorer Liquefied Natural Gas has announced plans to raise $15.3 million through a share placement as it looks to advance its Magnolia LNG project in the United States.

Western Australia could receive up to half of the $400 million in national funding set aside for renewable energy projects in regional areas as miners, especially in the Pilbara, embrace the idea of integrating renewables with existing fossil-fuelled generators.

The state government has finalised the acquisition of land at James Price Point for future gas projects, as the industry continues to focus on floating LNG developments, with the Scarborough project gaining environmental approval.

More than 200 workers are to be made redundant at state-owned Western Australian energy company Horizon Power.

Chevron Australia managing director Roy Krzywosinski says he remains wary about floating LNG technology but nonetheless predicts it will become more commonplace unless the costs of onshore developments are reduced.

Shell Australia boss Andrew Smith has defended his company's decision to walk away from an onshore gas development at James Price Point at an at-times heated parliamentary committee inquiry.

Utility giant AGL Energy says Australians want cheap, reliable energy with no impact on the environment but that was not yet technically or economically possible.

Business News' annual export review charts the state’s reliance on a handful of major companies and commodities, despite the emergence of new players.

The state government has introduced legislation to merge Synergy and Verve Energy, but is yet to release regulations that will specify how existing contracts between the government entities and the private sector will be protected.

Energy chiefs anticipate a major industry shakeup in the decade ahead as more shale gas and renewable power becomes available.

Alinta Energy has been granted regulatory approval to supply electricity to Hancock Prospecting's $10 billion Roy Hill iron ore project.

Chevron has signed binding long-term sales and purchase agreements with Japanese utility Tohoku Electric Power Company for gas supplied from the $29 billion Wheatstone LNG project.

Western Australia’s peak industry body has called on the state government to commit to comprehensive tax and regulatory reforms to get the state’s economy back on track.