Oil & Gas

The oil and gas industry has pushed back on possible federal budget changes to tax settings that could see the industry pay more.

New emissions targets for Chevron’s Wheatstone LNG plant have been signed off by the state government.

Treasurer Jim Chalmers has signalled the federal government will tighten the Petroleum Resource Rent Tax to bring in more revenue after Treasury completed a major review.

ANALYSIS: The Australia Institute seems to have had a change of heart about inflation, but can’t quite admit it.

The federal government says up to $300 billion of hydrogen projects are in the pipeline in Australia, claiming the country is poised to become a green energy superpower.

Chevron Australia’s profit more than tripled to $12 billion in 2022.

Perth-based contractor Whittens has been fined $425,000 over the death of a worker at Inpex’s Ichthys LNG facility near Darwin in 2017.

AOG: The biggest project in the state's history is set for a third stage of development, five years after Chevron committed $US5 billion for Stage 2.

AOG: Woodside will spend $US2 billion on decommissioning by the end of the decade, while Chevron has touted a similar value for local contracting work on Jansz-Io.

Gas and electricity service providers recorded the largest drop in business turnover, while iron ore and lithium miners drove revenue in the industry.

Electrifying everything is an unnecessary hit on taxpayers because conventional LPG will be phased out and replaced by a clean version, the industry says.

Woodside Energy has announced the appointment of two new board members, both from overseas.

The partners behind the Papua liquified natural gas plant have begun fully integrated front-end engineering and design work, taking the project closer to completion.

Oil and gas company Inpex has failed in its bid to have separate trials over issues arising from the construction of $US45 billion Ichthys LNG plant project.

Australian-listed explorers raised a bolstered $3.02 billion during the December quarter after lithium and gold topped the charts for the most funds secured.

Engineering and remediation company Duratec has lifted profit by 981 per cent in the first half of the financial year.

After trebling profits following 12 months of surging oil and gas prices, Woodside Energy is considering growing its asset portfolio, chief executive Meg O'Neill says.

Oil and gas giant Woodside has announced an underlying full-year net profit of $US5.2 billion ($A7.7 billion), up 223 per cent from the previous year.

Carnarvon Energy has agreed to sell a 10 per cent stake in the Dorado gas field and neighbouring fields in a deal worth up to $US146 million.

Rising oil and gas prices fuelled by the Russian invasion of Ukraine have propelled gas producer Santos to record profits.

Seven Group chair Ryan Stokes has sought to ease tensions with Andrew Forrest after revelations the Fortescue Metals Group chair took a swipe at the Stokes empire over a trucking deal.

A Perth-based gas explorer has succeeded in challenging a decision by former prime minister Scott Morrison concerning the company's petroleum exploration permit.

Production has resumed from Santos’ John Brookes offshore platform in the Carnarvon Basin after a gas leak took the operation offline for more than two months.

Costs to develop Beach Energy and Mitsui & Co's Waitsia gas project could climb to $850 million, as Webuild prepares to take over the old Clough contract.

Almost 50 years after the first field was discovered, and following international intrigue, Woodside Energy and partners are moving on a concept select program for the Sunrise LNG project.

Kerry Stokes-backed Beach Energy has reported a drop of more than 10 per cent in its estimated Perth Basin gas reserves after undertaking a drilling campaign at Waitsia.

Woodside banked almost $US5.2 billion of revenue in the December quarter, while the company has flagged first gas at its huge WA growth project in 2026.

Technip Oceania is taking contractor Shelf Subsea to the state’s highest court over an alleged failure to refund an overpayment.

Protesters have sprayed a Woodside logo on an iconic painting at the Art Gallery of WA as they continue campaigning against the state’s biggest energy project.

The impact of outages on Santos’s production has been revealed, with output in Western Australia down 20 per cent in the December quarter.

Chris Ellison’s Mineral Resources has said its 19.2 per cent stake in Warrego Energy is “strategic”, and claimed gas assets in the Perth Basin are now overpriced.

CBI Contractors and Kentz have lost their appeal over a Supreme Court ruling in favour of Chevron, relating to the parties’ contract on the Gorgon gas project.