RESPONSIBLE for more than half of Australia's greenhouse gas emissions, the energy sector will be one of the biggest industries affected by the Carbon Pollution Reduction Scheme (CPRS).
Shares in carbon offset specialists in Western Australia and Aviva Corporation have jumped after the budget unveiled a $4.5 billion Clean Energy Initiative, a move welcomed by the Chamber of Minerals and Energy WA.
Babcock & Brown Power, the owner of Alinta's retail assets, have placed its shares in a trading halt, pending the release of details likely to have an impact on the business.
Around 240 employees and contractors at BHP Billiton's Leinster nickel operations will be affected by the company's decision to halt activities at the Rocky's Reward open pit mine.
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The state government will invest more than $260 million in the Kwinana power station as Verve Energy continues talks with a potential joint venture partner over the restart of the Muja AB station near Collie.
Carnegie Corporation is set to acquire all of the intellectual property and global development rights for the CETO wave energy technology under a deal with its UK-based joint venture partner.
Oil and gas producer Santos has launched a $3 billion capital raising to fund its growth projects, including the PNG liquefied natural gas project, which is estimated to have a capital cost of $US12.5 billion ($A16.3 billion).
The implementation of an exploration incentive scheme for the resources sector could create over 4,000 new jobs and add $114 million to gross domestic product, a report has found.
Nickel miner Western Areas is seeking new offtake deals for 2010 onwards after allowing BHP Billiton to take Norilsk Nickel's share of concentrate until the end of the year.
INVESTORS in listed equities are now asking how far the current rally on global equity markets can go and whether it is safe to entrust savings into those markets.
MORE than two-thirds of Perth's CBD office stock will be below the federal government's new increased energy efficiency requirements, expected to be introduced in two years.
Perth company Plantation Energy Australia (PEA) has struck a $70 million, three-year deal with a Belgium-based power company to supply densified biomass fuel pellets.
Former Chamber of Minerals and Energy WA chief executive Tim Shanahan has been appointed as the new chairman of the Pilbara Development Commission with Port Hedland Port Authority chief executive Andre Bush to be his deputy.
Otto Energy says it will wait until market conditions improve to re-initiate talks with potential partners for its Philippines prospects, after a last chance to salvage a BHP Billiton deal was called off.
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Japanese company INPEX has awarded AMEC Engineering the contract for the offshore front end engineering and design (FEED) for the Ichthys liquefied natural gas project in the Browse Basin.
A federal government report released today has recommended the establishment of a national offshore petroleum industry regulator to streamline the approval process for oil and gas projects.
Chevron says it will work with the state government on appropriate conditions for its multi-billion dollar Gorgon gas project after the environmental watchdog reluctantly gave the go-ahead to expansion plans.
Woodside Petroleum says production at its Vincent oil project will resume production at the end of June after a fire at its processing facility earlier this month.
Australia's largest resource project, the Gorgon gas development, inched closer to proceeding after WA's Environmental Protection Authority gave it qualified support today.
The Environmental Protection Authority will tomorrow release its recommendations on Chevron's expansion proposal for the Gorgon liquefied natural gas project.
Straits Resources says it expects to deliver shareholders around $94 million of the $US335 million ($A470 million) deal with Thailand's PTT International Company, which achieved financial close today.
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Nedlands-based Tox Free Solutions has decided to drop its acquisition of a Victorian waste management company as it revises down its earnings forecast for the 2009 financial year.
