Oil & Gas

CIMIC Group has lost a four-year dispute against Chevron over work completed at its Gorgon natural gas project off the WA coast.

Kogas wrote down its 10 per cent stake in Prelude FLNG by $US361 million last year, as it reported a $US 304 million loss.

Warrego Energy has raised funds from a share placement to go towards the company’s West Erregulla joint venture with Strike Energy.

Woodside Petroleum is reportedly axing 300 direct staff following a similar decision last month by fellow oil and gas major Chevron.

An in-depth analysis of the re-emerging case for a west-east gas pipeline, which could provide a demand source for projects like Equus.

Strike Energy and Warrego Energy have signed a binding heads of agreement to jointly develop the West Erregulla gas field in the Perth Basin.

Shell could shed up to 9,000 jobs globally by 2022 in an effort to save the energy and petrochemical giant about $2 billion annually.

The NSW premier insists the controversial Narrabri coal seam gas project went through a robust assessment before it was approved, sparking outrage from locals.

Western Australia's gold and iron ore sectors have contributed to a record $172 billion resources industry, with the number of jobs also rising.

WA gas could be sent east through a pipeline but such a project would need government backing, Peter Coleman said today, while hitting back against Woodside’s environmental critics.

Chevron intends to axe hundreds of its Western Australian workforce, as a low oil price washes over the industry.

Perth-founded engineering company SRJ Technologies has had a positive start to its ASX debut, with its shares closing up 60 per cent.

Ora Banda Mining has signed a long-term agreement with Wesfarmers’ liquefied natural gas business to supply power to the Davyhurst goldmine in Western Australia.

A $100 million LNG hub has been proposed for Mount Magnet, to supply gas for remote mine sites and communities.

The state government has insisted 14-day quarantine rules will be maintained, rebuffing a push by the mining industry for more flexible rules for interstate fly-in, fly-out workers.

Plans to build an expanded onshore gas operation at Waitsia have received another boost after the project received environmental approval today.

Chevron has disclosed it will need extra time to complete repairs that have shut down one of the processing trains at its Gorgon gas project.

The Environmental Protection Authority plans to review the cumulative impact of several developments near Onslow, including a plan for a deepwater jetty for cruise ships.

Oil and gas service provider MMA Offshore has secured $16 million in contract extensions with Woodside Petroleum, which will continue using MMA's vessels.

The shutdown of Shell’s Prelude FLNG since February and planned phased shutdowns at Chevron’s Gorgon could hit LNG exports by about $2 billion this year.

Chevron is planning a phased shutdown of the production trains at its Gorgon LNG plant after striking an agreement with state government safety regulators.

BHP's full-year profit has slipped four per cent and it expects its major revenue earner, iron ore, will have less demand from China and greater competition from Brazil.

The state government says it will cover some of the infrastructure costs related to Perdaman Group’s $4.6 billion urea plant on the Burrup Peninsula.

Woodside has moved to acquire a majority stake in its Sangomar joint venture, paying $428 million to obtain UK-based explorer Cairn Energy’s interest in the project.

The owners of the giant Waitsia gas field intend to export half the gas rather than reserve it for the domestic market after securing state government approval for their plans.

UK-based engineering firm SRJ Technologies is planning to list on the ASX next month after launching an $8 million initial public offering.

Woodside Petroleum has reported a net loss of $US4.1 billion ($A5.7 billion) in the first half of 2020, despite achieving record output in the six months to December 30.

Taxpayer money could be put on the line to support gas projects as Australia recovers from the economic shocks of coronavirus.

Chevron may need to temporarily halt production at its Gorgon gas plant after being ordered by government regulators to undertake further inspections and repairs.

A government review has recommended new levies to ensure the proper decommissioning of offshore oil and gas facilities, after the owner of the Northern Endeavour went into liquidation.

Oil and gas player Shell is purchasing a Perth-based environmental services firm to help cut back on emissions, as well as further the company’s nature-based solutions business.

As the big offshore gas projects planned for WA’s north face more delays and uncertainty, the prospects for developing onshore gas fields in the Perth Basin get better.