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.
Mirabela Nickel's problems have taken a turn for the worse after one of its two customers flagged that it would seek to immediately exit a concentrate sales agreement on the basis of a force majeure, or unavoidable accident, at its nickel smelter.
Mining services group Ausdrill has warned shareholders it is battling weaker than expected market conditions, entering a trading halt as it prepares to release an update on its outlook for the 2014 financial year.
Panoramic Resources has made plans to raise $25.12 million through a placement and Share Purchase Plan to fast-track its nickel exploration at its Savannah and Lanfranchi projects.
Apache Energy is set to farm-in to the Canning Basin, signing a $25 million agreement to earn a stake in oil and gas exploration permits held jointly by Buru Energy and Mitsubishi Corporation.
MZI Resources has completed a $5 million equity raising, with international private equity group Resource Capital Fund boosting its stake in MZI to just less than 15 per cent.
The Abbott government is being urged to close a legal loophole after the Federal Court ruled against four Filipinos being paid less than $3 an hour to work on oil rigs off the West Australian coast.
Struggling miner Mirabela Nickel says it is in discussion with financiers to come to an agreement which will allow it to avoid defaulting on its obligations.
Empire Oil & Gas says a move by its biggest shareholder ERM Power to replace Empire directors with its own representatives has compromised its relationships with contractors and caused disruption to the business.
Gina Rinehart's Hancock Prospecting has notched up almost $2 billion in revenue and an operating profit of $601 million in the 2013 financial year, which makes it one of Australia's most lucrative private companies despite being the group's lowest profit in four years.
Tiger Resources has bolstered its finances with a $42.5 million capital raising as it works towards commissioning its Kipoi copper project in the Democratic Republic of Congo.
Downer EDI has secured a $400 million contract with Bechtel for two electrical and instrumentation packages for the downstream portion of the Chevron-operated Wheatstone project.
Oil prices have fallen again, with New York prices down a third straight day, amid rising stockpiles in the United States and a tepid picture for economic growth.
