Oil & Gas

Aspiring Perth-based oil and gas company Black Mountain Energy has been fined almost $40,000 for "greenwashing" its sustainability statements on the stock market.

Gina Rinehart's Hancock Prospecting has launched what is effectively the seventh takeover bid for Warrego Energy in the space of two months, jacking up its offer price by 29 per cent.

Shares in Warrego Energy jumped late today on heavy trading with Chris Ellison's Mineral Resources believed to have joined the takeover battle for the Perth Basin gas play.

Senex Energy's $1 billion Atlas gas development has moved to the next stage of approvals as the company reconsiders expansion plans following major government intervention in gas markets.

Gina Rinehart's Hancock Prospecting has lifted its stake in Perth Basin gas play Warrego Energy to 25.9 per cent as a stand-off looms with rival bidder Strike Energy.

Babylon Pump & Power is set to buy Western Australian pump provider RBH Engineering in a $3 million deal to be finalised by the end of the month.

Buru Energy executive chairman Eric Streitberg has started a non-executive role in the oil and gas company, with recently appointed chief executive Thomas Nador taking over some of his duties.

UPDATED: France's Altrad Services has become one of the largest maintenance and construction contractors in WA after buying Perth-based AGC from its debt-laden parent AusGroup.

The board of ASX-listed oil and gas company Norwest Energy will wait until the new year to cast its verdict on Chris Ellison's offer for the business amid fierce competition for Perth Basin assets.

Rapid approvals proposed for green energy projects should also be available to gas producers, the industry has said, as a major shortage of the fuel is forecast for WA.

Almost a quarter of WA's gas needs could be unmet in 10 years, the market operator has warned, while a smaller shortage looms as soon as 2023.

Santos has signed up to buy gas from Strike Energy and Talon Energy's Wayerling gas field development under a new supply agreement.

Plans to invest in LNG import terminals and boost exploration on the east coast could be jeopardised by a shock intervention in gas markets, Woodside Energy has warned.

ANALYSIS: There are warnings price caps may worsen shortages as Australia's energy mess looks set to get worse.

A plan promising a cap on gas and coal prices, potential subsidies for miners, and $1.5 billion for households, has been labelled a “radical intervention” by industry.

The board is set for Gina Rinehart's Hancock Energy to take control of Perth Basin desirable Warrego Energy after Kerry Stokes-backed Beach Energy declined to match a $342 million cash offer.

Strike Energy has muscled back in amid the fight for ownership of its joint venture partner Warrego, lifting its stake in the target to 19.9 per cent to become its biggest shareholder.

Warrego Energy shares are continuing skyward as investors wait to see whether Stokes-backed Beach Energy will match rival bidder Gina Rinehart's $350 million cash offer for the Perth Basin developer.

Santos is holding firm on delivering first gas from Barossa in 2025 despite losing its fight to keep a key approval for the $US4.7 billion operation in a ruling that could have major ramifications for new projects.

Hancock Prospecting has lifted its bid for Warrego Energy to almost $350 million just hours after Kerry Stokes-backed Beach Energy upped the ante.

Gina Rinehart's Hancock Prospecting could help solve a looming WA gas shortage, pledging to boost Perth Basin investment as it becomes the third company chasing Warrego Energy.

Underwater technology company Blue Ocean Monitoring has cited success in a recent seismic testing trial at its joint venture with major petroleum players as a big step towards an IPO next year.

AusGroup's Australian businesses will likely be sold after the contractor's Singaporean parent entered restructuring, but the company has promised no disruption to local operations.

Chevron Australia boss Mark Hatfield said he is determined to improve the company's workplace culture after a report found nearly half of staff had been bullied.

Santos has been forced to temporarily shut down the John Brookes offshore platform in the Carnarvon Basin after finding a gas leak on the main pipeline.

Woodside Energy has announced a big increase in its planned community investment in the Pilbara as it expands operations in the region.

Woodside Energy has failed to stop a Fair Work Commission hearing over an enterprise agreement for its North West Shelf workers after a court dismissed its application for injunction.

A battle is looming for Perth Basin hopeful Warrego Energy, with Beach Energy lobbing the second takeover offer revealed in two days.

Strike Energy is hoping to merge with its West Erregulla project partner Warrego Energy in a $227 million deal.

A price cap or new tax on gas could lead to longer-term shortages and continued high prices, Woodside Energy chief executive Meg O'Neill has warned.

A legal fight between oil and gas giant Woodside and the Australian Workers' Union continues as an enterprise agreement for North West Shelf offshore workers remains in limbo.

Qteq executive chair Simon Ashton is suing his former WellDog colleagues, claiming they contributed to the company's insolvency by failing to repay millions of dollars.