Oil & Gas

Santos has already offloaded a portion of the Darwin LNG operation for $US390 million ($620 million) to South Korean SK E&S, in line with plans flagged during an acquisition of ConocoPhillips’ northern Australian assets in October.

The federal government today announced significant investments in the energy sector, with the awarding of $69.5 million to two new cooperative research centres, and the launch of the Future Battery Industries Cooperative Research Centre.

A falling oil price is a double-edged sword for WA.

Premier Mark McGowan has called for federal support to get a new research centre for hydrogen and LNG exports off the ground, while there’s work under way to attract investment in new industries using domestic gas.

As if there wasn't enough global uncertainty already, a likely price war has broken out over the price of oil.

In celebration of International Women’s Day, inductees of the WA Women’s Hall of Fame and the winners of the Chamber of Minerals and Energy of WA Women in Resources Awards were announced over the weekend.

Western Australia's liquefied natural gas sector has been largely unaffected to date by the COVID-19 crisis, but a new report shows travel restrictions and declining oil prices could slow development of major projects, including Woodside Petroleum and BHP's $16 billion Scarborough joint venture.

The amount of money raised by ASX-listed explorers increased by 19 per cent to $1.61 billion in the December quarter, primarily for larger companies with lower-risk projects, according to a new report from accounting firm BDO.

A local access management firm has entered a partnership with Swedish scaffolding manufacturer HAKI to provide a platform for expansion into the oil and gas industry.

SPECIAL REPORT: The Perth Basin could be in for a transformational year.

SPECIAL REPORT: Decisions are expected on three major oil and gas projects worth $24 billion combined in 2020, with more to follow.

Fortescue Metals Group chair Andrew Forrest has purchased an additional $242 million worth of shares in the company, shortly after Perth-based executives of other leading companies, including Peter Coleman, Ian Testrow and Bill Beament, also made big trades.

Woodside Petroleum and BHP have reshuffled their interests in two petroleum titles key to the Scarborough LNG project, as the companies prepare for a final investment decision this year.

A move by Norwegian government-backed Equinor to withdraw from oil and gas exploration in the Great Australian Bight has been labelled disappointing by industry groups, and welcomed by environmentalists.

A 34 per cent lift in first-half profit at MMA Offshore shows an improving environment for offshore service providers, with the company having won work with Woodside and Esso.

Santos has posted a 7 per cent rise in annual net profit as a jump in production helped offset weaker gas and oil prices across the year.

BHP shareholders will receive a heftier, fully franked 65 US cents per share interim dividend after the global miner lifted its first-half statutory profit 29 per cent to $US4.87 billion ($A7.25 billion).

Woodside Petroleum has won a long-running contractual dispute with Melbourne-based explorer FAR over its purchase of a stake in the Sangomar oil project, off the coast of Senegal.

Woodside Petroleum has deferred a final investment decision on the giant Browse gas project as it deals with the complexity of the planned development and unresolved commercial differences with its partners.

CIMIC Group’s specialist business UGL has secured $450 million in oil and gas contracts, including with Chevron for work at its Gorgon and Wheatstone LNG facilities in Western Australia.

Andrew Wood has retired as chief executive of engineering giant Worley and been replaced by the company’s chief operating officer, Chris Ashton, in a move that has surprised the markets.

Oil Search shares have dropped more than 10 per cent in value after negotiations on developing a new gas field in Papua New Guinea fell apart over the weekend.

88 Energy has received commitments to raise $5 million through a share placement to fund the evaluation of the company’s assets in Alaska, including the Charlie-1 appraisal well.

The official launch of Fringe World Festival on Thursday night was interrupted by local artists protesting the festival’s partnership with Woodside Petroleum.

Drilling on phase two of the Julimar-Brunello gas development will begin this quarter as part of a US$4 billion ($5.8 billion) capital expenditure drive by Woodside Petroleum in 2020.

Businesses are facing a challenge locking in gas contracts for major projects in Western Australia, including Coogee's planned $1 billion Burrup Peninsula methanol plant, which the company is now pursuing without partner Wesfarmers.

Woodside Petroleum is set to begin drilling for oil off the coast of Senegal, executing key contracts to begin the first phase of its $US4.2 billion ($6 billion) Sangomar project.

A $180 million project to house up to 2,500 fly-in, fly-out workers for the expansion of Woodside Petroleum's Pluto LNG plant was approved by the local joint development assessment panel in December.

Chevron and Newcrest have signed a supply deal for 16 petajoules of domestic gas until 2023, while a new analysis of the state’s gas market says the Scarborough and Browse developments are necessary to ensure sufficient supply.

The Environmental Protection Authority has released a new draft greenhouse gas emissions guideline, which substantially softens the initial draft guideline announced earlier this year.

Developing the Dorado oil project will cost up to $2.2 billion, with front-end engineering and design to start next year, Santos revealed today, while forecasting $60 million of investment in Western Australia in 2020.

The Chamber of Minerals and Energy of WA (CME) has welcomed the federal government’s plan to deliver new deregulation measures for Australian businesses, saying it could save Western Australian resources projects more than $23 million each year.