Oil & Gas

The $US3.6 billion Barossa gas project will go ahead, Santos announced today, a move that will extend the life of the Darwin LNG plant.

Failing to navigate the transition to a lower-emissions economy could have a disruptive impact on WA’s standard of living.

WA-based construction engineering company AusGroup has secured a 10-year maintenance contract with Chevron Australia.

A Kazakhstan-focused oil junior which had a 70-fold share price spike last April has been warned by its auditor it may struggle to meet financial obligations.

Woodside Petroleum has joined other major resources companies in putting its climate report to a non-binding advisory vote of shareholders next year.

Woodside has landed its first fully carbon offset condensate cargo as LNG producers continue to move towards lower emission supply.

Australian-made hydrogen will be exported to Japan under a world-first trial taking a big step forward for the emerging industry.

A decision on Chevron’s Jansz-Io compression project is expected this year, while the company’s Australian emissions fell 22 per cent thanks to carbon capture.

Integrated solutions specialist EnerMech will provide pipeline services to Chevron’s oil and gas facilities in Western Australia under a new five-year contract.

Developing a technology road map and finding options for local recycling will be two initial projects of a new decommissioning centre for the oil and gas industry.

Exploration spending for onshore oil and gas exceeded offshore in 2020, a highly unusual trend, although gas reserves may be in terminal decline, Energy Quest said.

Decisions on two big gas projects are due, $12 billion of chemical projects are under consideration, and a decommissioning timebomb awaits.

Federal Labor has backed gas as a key part of achieving net zero carbon emissions by 2050 in a new policy platform set for debate later this month.

Perth company Western Gas has partnered with leading Australian energy infrastructure business APA Group to begin an assessment of its ambitious transcontinental pipeline plan.

Singaporean business Pavilion has committed to buy 3 million tonnes of LNG from Chevron in a deal with strict carbon reporting requirements.

Oil and gas major Woodside Petroleum has secured another long-term sale for its Scarborough LNG project with a German customer.

Impairments drove Australian petroleum company Woodside to a net loss of $US4 billion, but underlying profit was $US447 million.

The federal government's attempt to invest taxpayer money in new gas projects faces stiff opposition in parliament.

Perth-based 88 Energy has announced the resignation of its managing director while completing an oversubscribed share placement of $12 million.

Oil giant Shell will accelerate near-term and long-term plans aimed at reducing its net carbon emissions intensity to zero by 2050.

The EPA will undertake a full-scale public environmental review of Bennett Resources’ fracking proposal in the West Kimberley after reviewing more than 450 submissions.

The offshore oil and gas regulator has started a compliance action against Woodside for decommissioning issues at Enfield’s Nganhurra FPSO.

Perth-based investment group BPH Energy has raised $9 million from a share placement to increase its stake in explorer Advent Energy and fund a drilling program in NSW.

The Waitsia expansion, a gas power station in the Pilbara, and a potash project near Laverton have received ministerial approval days before the government enters caretaker mode.

Shares in Valmec soared by more than 15 per cent this morning after the diversified contractor reported solid first-half earnings and a growing order book.

The chief executives of ExxonMobil Corp and Chevron Corp reportedly held preliminary talks in early 2020 to explore combining the two largest US oil producers.

Woodside's deal to process Pluto gas through North West Shelf Venture’s Karratha Gas Plant has been given the green light by the state government.

Perth-based industrial services company Vertech Group has added to a string of acquisitions by purchasing a majority stake in APS, doubling annual turnover to more than $120 million.

A small Perth company with backers in Dubai has announced ambitious plans for a $4.1 billion project to convert gas from the Canning Basin into fertiliser and petrochemicals.

Prices have hit record highs for Woodside’s oil and gas exports, while the company has signed a hydrogen deal in Tasmania.

Prime Minister Scott Morrison has struck an agreement with major east coast gas exporters to guarantee domestic supply at competitive prices.

A Miami-based private equity firm has acquired the business developing an LNG mine fuel hub at Mt Magnet, promising a Port Hedland project next.