The entry of two European energy companies into WA will help to bolster activity in the onshore oil and gas sector, which is set for a pick-up after a series of disappointments.
Gold prices have risen to within striking distance of a 10-week high as some investors breath easier after the Federal Reserve stuck to a dovish monetary policy while others buy the precious metal amid worries about Iraq.
Perth gold company Resolute Mining has announced a new 1.28 million ounce gold resource for its Buck Reef West deposit near the Ravenswood processing facility in Queensland.
Perth civil engineering firm Macmahon Holdings has mobilised the world’s most powerful raise drilling machine after securing a $5 million contract at BHP Billiton's Olympic Dam mine in mine in South Australia.
Gold prices have posted the biggest daily gain in nine months, driven by investors who were caught flat-footed by the Federal Reserve's outlook for continued low interest rates.
Oil prices have soared on escalating violence in Iraq, as government troops recaptured a major refinery and the US said it was sending in military advisers to train Iraqi forces.
GDF Suez and Santos have moved away from developing their Bonaparte joint venture project as a floating liquefied natural gas project, saying they will now consider other options, including helping expand Inpex’s Icthys LNG project.
Shares in Woodside Petroleum have fallen by 4.6 per cent after Royal Dutch Shell completed a sell-down of more than 78 million shares in the oil and gas producer.
Perth based Subsea Engineering Associates has secured a $1.3 million contract to deliver its services to the Baltic Gas project in the Polish sector of the Baltic Sea.
Perth exploration firm Excelsior Gold has executed a binding term sheet that will provide a guaranteed long-term milling allocation at Norton Gold Fields’ Paddington Mill.
The Western Australian government has released a master plan for the Anketell port project, which is a critical piece of infrastructure in Aquila Resources' proposed $7 billion West Pilbara iron ore project.
Baosteel and Aurizon look set to gain control of Aquila Resources after the iron ore hopeful rejected a takeover proposal from Mineral Resources, and instead recommended its shareholders accept the current $3.40 per share offer.
Gold prices have closed lower, as US inflation data and its possible effect on the Federal Reserve's decision making overshadowed investors' desire for safety amid crises in Iraq and Ukraine.
Global oil prices have been mixed, a day ahead of US data expected to show a rise in crude inventories, while traders kept watch on the escalating Iraq crisis.
Implimenting efficiencies and greater operational flexibility have been two different, but equally successful, strategies used by engineering companies to secure major contracts in Western Australia.
The federal government’s plan to axe the mining and carbon taxes may dominate the mainstream headlines in terms of resources sector policy, but it’s a lesser-known incentive that has the industry on tenterhooks.
Buru Energy’s planned ‘tight gas’ testing program in the remote Canning Basin will not require formal environmental assessment after minister Albert Jacob upheld the Environmental Protection Author
Nedlands-based explorer Bullabulling Gold has advised its shareholders to reject Norton Gold Fields’ increased takeover offer of 8 cents per share to obtain a 30 per cent interest in the company.
Perth exploration company Bauxite Resources has announced a return of about $9.3 million to shareholders, which has jumped the company’s share price by 12 per cent.
US oil has traded with little change at nine-month peaks, while Brent rose modestly as investors watched the unfolding sectarian conflict in Iraq for signs it could disrupt oil supplies.
Perth mining services company Viento Group has foreshadowed strong growth in revenue and underlying earnings in the current financial year following a series of acquisitions.
