Oil & Gas

Oil and gas supplier Woodside will invest $US5 billion ($7 billion) in low carbon energy by 2030 while still benefitting from its recently-announced merger with BHP's petroleum business.

Oil Search shareholders have voted in favour of a proposed merger with Santos, clearing the way to form a top 20 global oil and gas entity.

The workforce on Shell’s floating Prelude vessel are safe, the company has said, but production remained on pause today after a fire late last week.

Exmouth Gulf will be home to a new marine park and nature reserves, the state government announced today, while proponents of two projects believe they will be able to coexist.

Success at the Scarborough project for Woodside Petroleum hinges on an environmental battle, selling equity, and further offtake deals.

The Conservation Council has launched another case against Woodside, labelling an approval for the Scarborough development as “unlawful”.

Mark Hatfield spent his youth cleaning tables in his father’s hamburger restaurant in Oklahoma, a world away from the Chevron Australia operation he now leads as managing director.

The state government and Shell Australia have penned a deal to supply and install boiler training equipment at South Metropolitan TAFE’s Munster facility.

A $16.5 billion plan to develop the Scarborough gas field and Pluto Train 2 has been approved by Woodside Petroleum, the biggest LNG investment sanctioned in WA in a decade.

Economic activity in WA could be $35 billion higher in 2027, with 9,700 more jobs, if a series of oil and gas projects enter construction, EY has projected.

Woodside Petroleum lured a self-confessed ‘tech geek’ from NASA to head its hydrogen plans, including a $1 billion-plus proposal for a Perth export hub.

Advisers have been appointed for a potential sale of Seven Group’s share of the Crux LNG project, managing director Ryan Stokes has said, while flagging deals around Coates and WesTrac.

Global Infrastructure Partners will join Woodside Petroleum’s $US5.6 billion Pluto LNG expansion, having struck a deal to acquire a 49 per cent stake in the project.

Chevron will spend $40 million in WA, and acquire carbon 5.2 million tonnes of offsets, to compensate for delays in the scale up of its Gorgon carbon sequestration plant.

Export revenue has become increasingly concentrated on iron ore but WA has still benefitted, while moves to net zero now dominate thinking. Click for the list of WA's biggest exporters.

Australian Terminal Operations Management will take over operations of the BP Kwinana oil terminal, with 60 redundancies expected.

A second large carbon capture and storage project could be built in the north west, with Woodside Petroleum, BP and Japanese investors to scope a new facility.

UGL has won a contract worth up to $400 million for maintenance and turnaround work with Chevron.

Increased use of solar energy to power the gas industry could help curb Australia’s carbon footprint, according to a new report.

Woodside Petroleum has joined other resource sector heavyweights including Rio Tinto and BHP in deciding to mandate COVID vaccinations for all staff.

The state government is still working to clarify criteria for onshore gas projects to export, after it was revealed a Kimberley fracking proposal had been given the tick.

Record commodity prices and a flurry of M&A deals have defined the past year for listed resources companies.

Valmec shareholders have approved an acquisition by Altrad Australia in a $52 million deal announced in July.

A Supreme Court ruling has shed new light on contractual disputes on the mammoth Gorgon gas project as Chevron and contractor CKJV fight over $400 million in disputed payments.

Power generator TransAlta hopes to expand its renewable energy presence in Australia.

Strike Energy’s plan to extract gas in the Perth Basin will be subject to a review by the EPA, as the company's $2.3 billion Geraldton urea plant proposal passes another milestone.

Wood Group has developed an artificial intelligence program to speed up inspection work on offshore oil and gas assets.

The Supreme Court has set a December date to hear a challenge to environmental approvals for Woodside Petroleum’s Scarborough project.

Woodside’s purchase of BHP’s oil assets is close to the biggest deal by a WA company.

Petrol prices have struck their highest level in 20 months, despite cars being used less because of coronavirus lockdowns.

Perth’s Woodside Petroleum has formed another joint venture in South Korea, aimed at converting the country’s bus fleet from diesel to hydrogen.

Santos and Oil Search have struck an agreement to merge their businesses through an all-scrip deal worth $21 billion.