A planned pipeline fabrication facility near Exmouth has been cancelled months after a ministerial decision to launch a special review into developments in the area.
Matrix Composites & Engineering was trading 20 per cent higher this morning after announcing a new technology agreement with oil and gas major Woodside Petroleum.
Oil and gas producer Inpex has joined other big companies in the resources sector by permanently shifting east coast fly-in, fly-out workers to Western Australia.
Perth-based oil and gas contractor Valmec has announced a major growth plan, which involves expanding its asset services to account for half of the company’s order book.
Oil and gas contractor MMA Offshore has launched an $80 million equity raising to reduce its total debt, while chairman Andrew Edwards has announced his resignation.
Pluto Train 2 has advantages bringing Scarborough gas to market compared to the Karratha gas plant, Woodside said today, while flagging huge potential for carbon storage offshore of WA.
Two production licences have been granted for Woodside’s Scarborough project, but there are still hurdles before a final investment decision due late next year.
Unions have called to nationalise the shuttering Kwinana refinery as players take sides in a fuel security debate, although most oil processed at the plant is already imported.
Brisbane-headquartered Senex Energy will exit South Australia’s Cooper Basin after more than 20 years, with its assets to be sold to Beach Energy for $87.5 million.
Henderson-based engineering services company Orontide Group has added new capabilities with the acquisition of recently established business Hydrocarbon Solutions.
A Perth business developing autonomous vehicles for subsea surveying has raised £10 million via a spin-off, while Poynton Stavrianou are advising on a further potential deal.
A lower oil price has cut Woodside Petroleum’s revenue by about 40 per cent, but the company is studying to lift planned capacity of its Scarborough LNG project.
