Bhagwan Marine has entered a new partnership with an eastern states-based software group to streamline management and maintenance of the oil and gas industry services company's fleet of 100 boats.
Fortescue Metals Group is continuing to accelerate its debt reduction by initiating repayment of nearly half of its $US2.04 billion in senior unsecured notes to its trustees that are due in 2015.
Perth-based Traka Resources has announced it has resolved to carry out a fundraising of up to $1.4 million for its ongoing West Musgraves copper and nickel project in central Western Australia.
The judge presiding over the trial of Barminco co-founder Peter Bartlett and Ausdrill managing director Ron Sayers today ordered the jury to keep deliberating in a bid to reach a verdict.
The state government has finalised the acquisition of land at James Price Point for future gas projects, as the industry continues to focus on floating LNG developments, with the Scarborough project gaining environmental approval.
Perth-based Wolf Minerals announced a milestone in the environmental permitting process for its Hemerdon tungsten and tin project in Devon, south-west England.
Forge Group says performance issues at two of its power station projects are likely to affect its earnings guidance, with the company extending a voluntary trading suspension as it holds discussions with financiers.
Explosives and chemicals supplier Orica expects higher profits in 2014 as key North American coal markets improve, and the company sells more sophisticated explosives and blasting systems.
West Perth-based gold explorer Golden Rim Resources has lined up $4 million in funding under an agreement with global financier RMB Resources as it looks towards completion of a bankable feasibility study at its Balogo project in Burkina Faso.
Fortescue Metals Group announced that lead arrangers Credit Suisse and JP Morgan have successfully completed an amendment and repricing process for its senior secured debt facility.
Gold futures have fallen to their lowest level in three weeks after a surprisingly strong US labour-market reading re-animated fears the Federal Reserve would soon curtail its bond purchases.
Energy giant Chevron expects to start building a new Perth waterfront headquarters in three years time after the state government touted the oil and gas giant as the first major owner-occupier at Elizabeth Quay.
Gold has slumped toward $US1,300 after better-than-expected US economic data and an interest rate cut by the European Central Bank (ECB) bolstered the US dollar.
Osborne Park-based technology firm Stochastic Simulation has launched new software which it claims will enable oil and gas companies to achieve overnight a level of subsurface analysis which would have previously taken years.
It will probably take Gina Rinehart a few years to catch Bill Gates in the race to be the world's richest person, but it is easy to see how she might overhaul the Microsoft founder's swag of $75 billion.
Property executives were the big movers in this year's Wealth Creators list, while the resources slowdown put the hurt on mining services directors' fortunes.
More than $123 million has been wiped from the market value of mining services firm Ausdrill after the company forecast a more than 50 per cent fall in its annual earnings.
Southern Cross Electrical Engineering has officially opened its new corporate office in Naval Base, a move managing director Simon High says reflects the business's growth and confidence in the yea
Shares in Subiaco-based explorer Resource and Investment have closed the day's trade higher after feasibility studies revealed low operating costs at its gold projects near Meekatharra.
Red Mountain Mining says it is keen to fast-track development at its Batangas gold project in the Philippines after encountering an exceptionally high-grade gold lode of about 1 ounce per tonne.
Gina Rinehart's Hancock Prospecting is set to boost its stake in oil and gas explorer Sun Resources, agreeing to invest a further $2 million in the company in exchange for around 65 million shares.
Drilling contractor Swick Mining Services is planning to invest up to $6.5 million in a Swedish mineral analysis technology company as it looks to turn around its performance.
Forge Group has suspended its shares two days after calling a trading halt as it is still unable to determine the full extent of performance issues at two of its power station projects.
