Oil & Gas

Shares in Norwest Energy rocketed today after venture partner Mineral Resources hit gas at Lockyer Deep in the Mid West.

The oil and gas sector has strongly criticised the state government’s new resources sector strategy, saying it failed to focus on policies needed to achieve future success.

The state’s peak environmental body has thrown its support behind Perth-based Perdaman Industries’ $4.3 billion Burrup urea project, recommending the proposal be approved.

Clearer exceptions to the state’s onshore gas export ban, and finalised fracking rules, will help WA attract continued investment, the petroleum industry had said in a parliamentary inquiry submission.

Santos has awarded a front end engineering contract for design, construction, and installation of the Dorado wellhead platform to Sapura Energy.

The state government must cut environmental approval times and rethink its new onshore export ban to make Mark McGowan’s gas-powered manufacturing plans a reality, a report shows.

Fuel distributor Ampol has pitched a takeover offer for a New Zealand company on the same day as declaring a return to first-half profit.

Worley will undertake engineering and construction management work at Chevron’s Jansz-Io compression project, after announcing a contract win today.

There are very few chief executives who get to announce a company defining multi-billion deal on their first day in the job. That’s what Meg O'Neill did last week.

Carbon capture and storage is one of several technologies we’ll need to adopt to meet our emissions targets.

Woodside Petroleum has swung back to a half-year profit a day after agreeing to acquire BHP's entire petroleum division in an all-stock deal.

Andrew Forrest's Squadron Energy has confirmed it will back out of a Kimberley oil and gas venture.

Woodside has confirmed plans to merge with BHP’s oil and gas business, with the new $40 billion entity to be led by Meg O’Neill.

Developing a hydrogen industry will be critical for WA’s economy if LNG fades, but there should be no illusion it will be simple.

Woodside Petroleum and BHP have confirmed today they are in discussions about a potential merger deal involving BHP’s entire petroleum business. Details could be announced as soon as this week.

Prosecutors have lost a bid for a retrial of Technip after alleged safety breaches in diving operations at Chevron’s Wheatstone.

The offshore oil and gas regulator has reiterated warnings to industry about crane use, after 29 dangerous incidents in 11 months.

Woodside Petroleum’s Scarborough gas project will now cost $US12 billion, about $US600 million more than first expected, after the company sharpened its plans.

A $21 billion merger of Santos and Oil Search looks set to proceed after the companies agreed to revised terms.

Oil Search has rejected a Santos merger bid valuing the joint entity at $22 billion, revealed one day after Oil Search’s chief executive resigned.

Strike Energy has bought $22 million worth of shares in joint venture partner Warrego Energy, effectively raising its exposure to the West Erregulla development in the Perth Basin.

Keiran Wulff has resigned as managing director of Oil Search after just 17 months, with the company citing both health issues and recent complaints about his behaviour.

Woodside has launched a campaign to selldown equity in the planned Pluto train 2 project; while it has also commenced drilling at Greater Western Flank phase 3.

Ventia has won a roughly $1 billion, ten year, maintenance contract at Chevron’s Gorgon LNG facility.

Chevron Australia has committed $3.45 million to Conservation Volunteers Australia over three years to support lower carbon projects.

Money is seeking a safer home as the threat of inflation looms.

There’s plenty of price push and pull ahead as energy transition proceeds.

Singapore-based RCMA Group has secured environmental approval for an oil exploration well in Beekeepers Nature Reserve near Dongara.

Chevron will proceed with the $US4 billion Jansz-Io subsea compression project to supply the Gorgon facility, while Woodside recently secured JDAP approval for Pluto Train 2.

Exports from WA hit a fresh record in May, with $22.7 billion of merchandise shipped, while job vacancies are substantially up.

Geraldton-based Garla Barna Civil & Mining has been subcontracted by engineering and construction giant Clough for work on the Waitsia gas field in the Perth Basin.

The planned levy to cover decommissioning costs from the Northern Endeavour could be 48 cents per barrel equivalent, with an industry group slamming the price tag.