SPECIAL REPORT: An alliance between two big unions will put pressure on oil and gas contractors at a time when many enterprise agreements reach their expiry and a big projects are set to get under way.
SPECIAL REPORT: Four prospective domestic gas projects will be key to ensuring adequate supply in WA in the next decade, despite new facilities recently starting up.
SPECIAL REPORT: Business News spoke to green advocates to explore how the petroleum industry might find common cause with the environmental movement, as pressure builds on billions of dollars of projects.
The $2 billion carbon capture and storage facility at Chevron’s Gorgon LNG plant has entered operation, more than three years after first gas was shipped from Barrow Island.
Woodside Petroleum has awarded a contract to Netherlands-based Boskalis to undertake seabed intervention and shore crossing works for the proposed Scarborough export gas pipeline.
Resources services provider Babylon Pump & Power has entered into a conditional agreement to acquire diesel engine specialist Primepower Queensland for up to $4.2 million.
Fremantle-based MMA Offshore will acquire Neptune Marine Services in a cash-and-scrip deal worth around $18.5 million, as it seeks to expand its services business.
Carnarvon Petroleum plans a $79 million share placement and a $5 million share purchase plan to fund ongoing appraisal activities and initial development phases of its Dorado oil and gas discovery.
Woodside Petroleum has reported a 32 per cent drop in second-quarter revenue, the first decline in six quarters, as it was hit by an extension of planned maintenance at its Pluto liquefied natural gas facility and weaker prices.
Oil Search says both its second-quarter production and revenue have dipped by 5 per cent as expected, but analysts were reportedly looking for a more substantial first-half recovery after last year's earthquake in Papua New Guinea.
Australia exported 75.1 million tonnes of LNG in the 2019 financial year, 21.2 per cent higher than the previous fiscal year prior, and is expected to become the largest LNG producer in the world this financial year.
Shareholders have welcomed Matrix Composites & Engineering’s market update, as the company said it expects the half-year to June 30 to be its best six months since 2016.
Shares in Pura Vida Energy surged more than 80 per cent higher today, to 3.1 cents, after it secured a binding farm-in agreement with UK-based Gemini Resources to earn a 35 per cent interest in two onshore oil and gas projects in Poland.
Calima Energy has raised around $12.7 million, via a placement and entitlement offer, with the funds set to be primarily used for general working capital purposes.
Oil Search has exercised a $US450 million ($A642 million) option to double its stake in a string of Alaskan exploration leases, while also affirming plans to sell off a portion of its first major venture outside Papua New Guinea.
Shell has shipped the long-awaited first cargo of liquefied natural gas from its massive Prelude floating LNG plant off north-west Australia, sealing the nation's position as the world's top exporter of the fuel.
Woodside Petroleum has forecast its 2019 output will be at the lower end of its guidance of 88 million to 94 million barrels of oil equivalent, as a result of maintenance issues at its Pluto liquefied natural gas plant.
With the Environmental Protection Authority starting public consultation today on its greenhouse gas assessments, the state government could do more to provide certainty for investors in WA’s potential gas projects.
Strike Energy has executed a $5 million sales option with Wesfarmers subsidiary CSBP, for up to 100 petajoules of gas from its half-owned West Erregulla project.
Chevron has started the second stage of its Gorgon drilling campaign, which will create 11 new wells at the $5 billion project on Western Australia’s north-west coast.
The Environmental Protection Authority will commence formal consultation next month on its greenhouse gas guidelines, refuting media reports it has already decided to revive the guidelines that caused industry outrage earlier this year.
