THE state government's plans for a gas processing hub on the Kimberley coast have received a boost from the region's traditional owners, which have said they are ready to negotiate a deal for a large-scale liquefied natural gas development on Aboriginal l
Woodside Petroleum says it will issue $US1 billion in corporate bonds in the United States in a bid to repay short term debt and for capital expenditure.
Chevron Corporation says it is a step closer to commercialising its Wheatstone project after exploration of two natural gas fields showed there were enough resources to support a two-train development.
Mining services company Emeco Holdings has revised down its full year earnings forecast as it books a 30 per cent lift in half year net profit after tax of $39 million.
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Subiaco-based Stirling Resources has teamed up with Indian resources company NMDC to jointly identify, acquire and develop coking coal and iron ore investments in Australia and New Zealand.
Shares in NRW Holdings have risen sharply in early trade on the back of a 45 per cent lift in its interim net profit driven by higher revenue from its mining division.
PetroChina Co will reportedly buy a further 2 million tonnes of liquefied natural gas each year from the Gorgon project after it signed a deal with co-owner ExxonMobil.
Perth-based Po Valley Energy has successfully raised $10 million through a private placement, with funds raised to progress four Italian gas development projects.
Perth-based Clough has secured a $116 million contract for works at the Montara oil project in the Timor Sea from a Thai company, which less than two months ago bought Coogee Resources.
Vietnam opened its first oil refinery on Sunday after more than a decade of delays, with Prime Minister Nguyen Tan Dung declaring the complex vital for "national energy security".
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Oil and gas services company Mermaid Marine Australia has reported a 63 per cent lift in its interim net profit on the back of higher margins from its international business.
A sharp fall in the nickel price, the Varanus Island gas explosion and write downs have all contributed to a red calendar year for Minara Resources, which reported a net loss of $19.8 million, down from the previous year's $270.5 million net profit.
Shares in Carnegie Corporation have risen as much as 27 per cent in trade today on the back of the state government investing $12.5 million in the company's new low-emissions power station off the coast of Albany.
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Premier Colin Barnett remains optimistic that Inpex may change its mind over the location of its $15 billion liquefied natural gas project after meeting with the company's senior executives.
Engineering and construction company Paladio Group says it is well placed to deliver a profit for fiscal 2009 despite a possible $4 million hit from the suspension of works at the Windimurra Vanadium project.
Losses from discontinuing operations have hit Clough's bottom line with the engineering and construction company reporting a 30 per cent fall in its interim net profit.
THE slowdown in new project and construction activity is starting to flow through to engineering and consulting firms, with GHD shedding at least 60 staff from its Perth office.
IN what is already being pegged as the biggest office leasing deal of the year, Chevron has signed a 10-year lease agreement for the entire 14-level Dynons Plaza office tower.
