Energy

Equinox Minerals has hit a hurdle with its offtake partners over its Lumwana copper mine in Zambia as it puts its uranium project on the backburner and prepares for a court hearing over power supply.

Alcoa freezes pay, cuts contractors; WA gas prices to surge on Citic deal; Babcock down for the final count; Fletcher loses Midas touch as car venture fails; Gillard tells unions - jobs not pay rises

The market capitalisation of Western Australian listed companies remained steady at $75 billion in December but was down by over $100 billion on the same period last year, according to the latest Deloitte WA Index.

Shares in engineering and construction firm Clough have skyrocketed 60 per cent in trade today on hopes its previously terminated contract for work on the Reindeer gas field will be resurrected.

West Perth-based Black Range Minerals is set to pay over $3.5 million in cash and scrip to acquire an advanced coal project in Alaska.

Business braces for the worst; Lenders repossessing homes at soaring rate; Bosses eye early job cuts; ATO pursues new business dispute plan; NAB denies planning withdrawal from Britain

Subiaco-based Golden State Resources has entered into a $3 million share facility agreement to raise additional funds for its Golden Eagle oil and gas project in Utah.

Low oil prices have forced Incremental Petroleum to defer non-essential exploration at its Edirne gas project in Turkey as it prepares for first gas sales for later this year.

Perth-based alternate energy explorer Eden Energy expects to start trading on the local market by March next year after it entered a deal to sell its stake in a Welsh coal bed methane project for over $5 million.

The commercial viability of a liquefied natural gas hub in the Kimberley appears to rest on oil giants Woodside Petroleum and Inpex, as the state government selects James Price Point, 60 kilometres north of Broome, as its preferred site.

Perth-based Aspen Group says its revenue stream will be boosted by some $58 million over the next five years following the completion of the Karratha Accommodation Village for Woodside Petroleum.

ATO gives Wickenby target $1m; Multiplex poised to build Fiona Stanley; Regulator ready to curb ATO aggression; CCC fails to censor McCusker report; Arrow takes aim at Pure

The traditionally quiet time for businesses in the days before Christmas has been set aside as six Western Australian companies today unveiled merger and acquisitions plans valued at over $506 million.

West Perth-based Otto Energy has agreed to farm-out 60 per cent of its Philippines oil and gas project to BHP Billiton Petroleum.

A new industrial area is set to be created at Ashburton North which is being considered by oil giants Chevron, Exxon Mobil and BHP Billiton Petroleum for development of gas reserves in the Carnarvon Basin and Exmouth Gulf.

Babcock & Brown Power could face a class action lawsuit over the alleged failure to properly disclose its refinancing arrangements in the wake of the Alinta acquisition.

The state environment watchdog has rejected Premier Colin Barnett's preferred location for a liquefied natural gas hub in the Kimberley, saying nearby settlements are likely to be affected by emissions.

The state's Economic Regulation Authority says a re-amalgamation of Verve Energy and Synergy will have adverse implications on the wholesale energy market.

Finsia Residential Property Outlook The strength of Australia’s economy has been highlighted in recent years by its ability to withstand a number of internal and external events, including a major dro

WESTERN Australia is one of the worst-performing states in the take-up of renewable energy, with just more than 8,000 customers signed up to an accredited GreenPower product in 2007.

REGIONAL energy supplier Horizon Power has teamed up with Darwin-based PowerCorp and Perth-based SunPower Australia to build two hybrid solar-diesel power stations in the Pilbara, at a cost of $25 mil

RIO Tinto will cut 14,000 jobs, slash its 2009 capital spending from $9 billion to $4 billion and increase asset sales in order to reduce its $38.9 billion debt by a further $10 billion by the end of

THE global credit crunch effectively put the brakes on the Western Australian property market during the latter part of 2008, limiting sales volumes and hampering the development of new projects.

AT first it seemed Western Australia, riding the mining boom, was digging a hole all the way to China.

Alliance Resources Ltd Patrick Mutz has been appointed managing director. The group’s current CEO Steve Johnston will remain as general manager.

SWEEPING changes have occurred at WA Newspapers Holdings this month, with a number of arrivals at the state’s biggest media outlet and publisher of The West Australian.

THIS is State Scene's eighth year-in-review column and, like the first, it features a change of government.

WHEN Alcoa of Australia announced that it was embarking on a joint venture to develop the $100 million Warro gas project north of Perth, it underscored the biggest business issue of 2008 - energy security.

Perth-based Indo Mines has secured a $5 million financing facility with Anglo Pacific Group for its $860 million Indonesian project.

The state government will ask the private sector to submit proposals for the expansion of Exmouth Boat Habour, which is increasingly catering for super-yachts and ideally placed to service the oil and gas industry.

Banks agree to extend Centro's $5bn debt; CBA seeks $2bn in late dash for cash; Industry revolt on green plan; Telstra hit again; Burrup counts the cost as gas supply comes back on stream

Gas giants win millions in carbon scheme compo; Telstra barred from broadband; Investors on edge as Centro talks drag on; Mine exports slashed by $30bn; Property slump is building