There will be no exploration access to Western Australia's famed Pinnacles and its surrounding deserts after a request by Norwest Energy to amend its permit.
Embattled Boart Longyear says a recovery in demand for its drilling services could be more than a year away, as it secured the final piece of a $US342 million bailout plan.
Local engineering and construction business Valmec will purchase the Australian subsidiary of US oil and gas services giant Exterran, funding the purchase through cash reserves and additional debt.
Engine technology developer Orbital Corporation plans to raise $10 million via a convertible note issue to fund its acquisition of electrical product manufacturer REMSAFE.
Southern Cross Electrical Engineering is the latest WA based company to commence an on-market share buy-back, as the trend towards returning capital to the market continues.
Community interest in the controversial practice of fracking has prompted Western Australia’s environmental watchdog to issue advice on how it will assess shale and tight gas proposals.
Boart Longyear is asking investors to support a $400 million bailout package for the troubled mining services company after calling a special shareholder meeting.
Oil prices in New York have stabilised but European crude have sunk again after a Kuwait official said OPEC would not take emergency actions to stop prices from falling.
Gold futures have fallen on fears of a hawkish monetary policy statement from the Federal Reserve and concerns about the Russian rouble's continued decline.
Woodside Petroleum has substantially reshaped its project portfolio after buying a minority interest in Chevron’s half-built Wheatstone LNG plant, postponing its planned Browse LNG project and acquiring a stake in a Canadian LNG development.
Peninsula Energy has secured $69.4 million in fully underwritten institutional funding for its Lance projects in Wyoming, enabling the company to transition to a uranium producer in 2015.
Mineral developer IMX Resources will sell part of its Ntaka Hill nickel mine to Mauritius-based private equity company Fig Tree Resources Fund II, with plans to use the cash to fund its nearby graphite project.
Mining contractor Barminco Holdings has taken advantage of the falling Australian dollar to repurchase $US36.9 million of its US high-yield bonds, through a transaction that did not require the use of cash reserves.
Crane hire company Boom Logistics is relying on staff cuts and surplus asset sales to pay down debt amidst challenging market conditions, the company said today.
Iron ore explorer Sundance Resources has announced a package of cost-cutting measures, including a reduction to its board and staff, in an effort to reduce expenditure amid current market conditions.
Global oil prices have slid to new multi-year lows after a top OPEC official suggested that speculation largely was driving the market lower, indicating the cartel would keep output unchanged.
Mineral sands developer Mineral Commodities has become the subject of action in the High Court of South Africa, after a dispute over a garnet deposit at its Tormin operations.
Mining services provider Viento Group has entered a trading halt after a legal dispute with a minority shareholder in its 65 per cent owned subsidiary, Power Infrastructure Services.
Shares in Range Resources have been suspended from quotation after two directors resigned from its board, pushing it below the level required under corporate law.
Just weeks after Canadian shareholders challenged its current board, shares in Heron Resources were driven up 13 per cent on news that a peace deal had been arranged.
Mining giant BHP has celebrated the export of its billionth tonne of iron ore to China, after a relationship of more than four decades, but the next billion is not far off.
BHP Billiton’s plans to renew the lease on its fly-in, fly-out camp on the outskirts of Newman, rather than take up existing empty housing in the town, has prompted a chorus of dissent from Pilbara-focused property groups.
Mining giant Rio Tinto has been caught up in a financial bind after a contractor working on one of its Pilbara projects collapsed owing an estimated $14 million.
Nido Petroleum has launched a $US108 million ($130 million) bid for Otto Energy’s share of the Galoc oil field, coming in ahead of a recent proposal by Risco Energy International.
