Oil & Gas

Wesfarmers subsidiary Evol LNG has announced plans to upgrade its liquefied natural gas plant in Kwinana to increase production capacity by 40 per cent.

Oil and gas explorer Strike Energy announced today it has raised $30 million through a share placement and is seeking an additional $5 million through a share purchase plan, primarily to fund the company’s exploration and appraisal programs in the Perth Basin.

Modec International has been selected to build a floating production platform for the Barossa gas project, beating a consortium of Technip and Samsung, with gas to be piped to backfill the Darwin LNG plant.

Matrix Composites & Engineering announced it has signed a contract with Australasian Property Investments for the sale and leaseback of its Henderson facility.

Perth Basin oil producer Triangle Energy has awarded contracts to local businesses for helicopter and vessel services.

Oil Search has posted a 24 per cent drop in quarterly revenue and cut its 2019 production guidance after damage to a mooring system dented output.

Premier Mark McGowan has firmly urged BHP and Chevron to reach agreements with Woodside Petroleum so the giant Browse and Scarborough gas projects can proceed.

Woodside Petroleum is priming itself to begin design work on its $30 billion Browse LNG project by the end of the year, and has reiterated its intention for a final decision on construction during the first half of 2021.

Click through to read Business News's annual list of WA's 20 biggest exporters, with data on companies such as Chevron, Roy Hill, Gold Corporation and Glencore.

ANALYSIS: Plans for oil exploration in the Canning Basin announced over the weekend may deliver good news for Western Australia, but some of the claims surrounding the latest drilling program are extravagant to say the least.

Santos has struck a deal to pay up to $US1.44 billion ($A2.12 billion) for ConocoPhillips' interests in northern Australia, including its majority stake in the Darwin LNG plant and its interest in three major gas fields off the coast of Western Australia and the Northern Territory.

Perth-based Indus Energy has withdrawn plans to buy South Australian company New Era Oil and Gas and re-list on the ASX, after it concluded it could not raise the $4 million required.

Shell has announced forthcoming changes to its board with Zoe Yujnovich to be replaced by Tony Nunan as the new executive vice-president of Australia and country chair.

Telstra and Dutch multinational Fugro have opened a remote operations centre in Gnangara, which the partners hope could be used to service industries beyond oil and gas.

The emissions reduction policy proposed by the Environmental Protection Authority in March was misaligned with the Paris Agreement, would lead to lower abatements for a given cost, and potentially even send emissions overseas, according to Woodside Petroleum.

GR Engineering has emerged from an ASX suspension today to disclose that its bottom line will likely be impacted by two major subsidiaries of its client Northern Oil & Gas Australia going into administration last month.

Former Buru Energy managing director Keiran Wulff will replace outgoing Oil Search managing director Peter Botten, with the long-serving leader to hand over the reins in February.

Allseas Group has been selected to build a 260 kilometre pipeline linking the Barossa gas field to the Darwin LNG facility, with ConocoPhillips likely to make a final investment decision on the project before March 2020.

Harnessing the enormous mineral and petroleum wealth of WA required leaders willing to drive innovation and take risks. We profile seven of the most important.

Family-owned fertiliser producer Baileys has been the given the green light as a carbon neutral certified business, as part of an overall strategy to become more environmentally friendly.

WA’s resources industry has business and community benefits that reach far beyond the export dollars they earn.

KPMG has been appointed as administrator to two subisdiaries of West Perth-based Northern Oil & Gas Australia, with contractor GR Engineering Services going into a trading halt as result of the action.

A private WA company has gained state government approval to develop a floating wharf and onshore terminal at the port of Broome, targeting oil and gas services and cruise ships as its main customers.

Australia’s petroleum tax system will fail to raise much revenue, yet big producers won’t be earning big profits either, according to oil industry consultant Juan Carlos Boue.

Woodside Petroleum has signed a preliminary agreement to supply liquefied natural gas to German utility Uniper for 13 years starting in 2021, contingent on Woodside developing its Scarborough gas project.

OPINION: Every cloud has a silver lining, even the attacks on the Saudi Arabian oil industry, because they could provide the incentive for customers to seek more liquefied natural gas from Western Australia.

Alaska-focused oil and gas explorer 88 Energy, formerly Tangiers Petroleum, has announced it will raise $6.75 million through a share placement to fund operations at its flagship Project Icewine venture.

Woodside Petroleum will invest in Subiaco-based Blue Ocean Monitoring to create autonomous mini-submarines in a bid to make gathering seismic data from the ocean floor cheaper and safer.

Perth-based energy services group Valmec says it expects continued revenue and earnings growth after securing $43 million worth of contracts.

Alaska is a long way from Western Australia, but what’s just happened in the oil industry there could have a significant effect on plans to expand this state’s liquefied natural gas industry.

Woodside Petroleum expects to reduce its stakes in Australia's Scarborough gas field and Canada's Kitimat liquefied natural gas project, which would help it reduce its capital expenditure, its chief executive told Reuters.

Western Australia’s domestic gas production for the three months to June was a quarterly record, leaving the state experiencing a surplus of gas while east coast production fell again.