The Environmental Protection Authority has recommended that operators of future major projects in Western Australia pay to offset their carbon emissions, in order to help Australia meet its climate change obligations.
Chevron has announced its Wheatstone domestic gas plant is ready to begin regular supply, two months after successful test flows into the market and two years after the first LNG shipment.
Woodside Petroleum and Santos, Australia's top two independent gas producers, are being urged by activist investors to set carbon emissions targets to help limit climate change.
Major changes to government policy after the federal election could risk future investment in backfill gas projects, some of which are already quite marginal, according to Shell Australia chair Zoe Yujnovich.
Oil prices touched their highest since mid-November on Friday and posted weekly gains for the second week in a row, boosted by hopes that US-China trade talks would soon produce a deal, although new record US oil supply limited gains.
Santos, Australia's second largest independent gas producer, has reported a more than doubling in full-year underlying profit following the acquisition of Quadrant assets and higher realised prices for its oil and gas.
Australis Oil & Gas is seeking to raise $30.5 million via a share placement, with the funds set progress its Tuscaloosa Marine Shale project in the US.
Western Australia will know as early as next year if Woodside Petroleum's Scarborough, Pluto and Browse gas projects, worth a combined $36 billion, will be given the green light, as the business posted a 28 per cent rise in profit today.
AusGroup's LNG contract with Chevron in Western Australia has been extended, while CPB Contractors has been awarded packages for Australia Pacific LNG in Queensland.
Carnarvon Petroleum has launched a $50 million share placement, with the funds set to primarily progress the commercialisation of the Dorado oil discovery, as part of its Phoenix project, located in the North West Shelf.
Perth-based consulting firm Sustainability and Brisbane-based sub-consultant OSD have been contracted by the European Bank for Reconstruction and Development to work on a major gas pipeline in Eastern Europe.
Engineering firms Wood and KBR have secured a multi-million dollar contract for the Crux gas project, confirming Shell's desire to accelerate development of the gas field located 160km off the Kimberley coast.
Exports from Western Australia increased by 17.7 per cent to a record $144.8 billion in 2018, underpinning a strong improvement in the nation’s overall trade performance.
Coles has signed a new deal with petrol partner Viva Energy Australia after predicting earnings from its convenience store division to plunge this year more than 60 per cent.
Australian Gas Infrastructure Group has announced it is expanding its Tubridgi gas storage facility near Onslow in the north-west of Western Australia.
David Biggs has been appointed as a non-executive director at Petrel Energy and Warrego, subject to shareholder approval at an extraordinary general meeting in March.
The country's number two independent gas producer, Santos, expects production to rise by up to 32 per cent this year, boosted by the acquisition of Quadrant assets.
Sheffield Resources has signed a deal with Woodside Petroleum and Energy Developments for the supply of liquified natural gas to the Thunderbird mineral sands project in the Kimberley.
Woodside Petroleum has announced December quarter revenue of $1.42 billion, a rise of 43 per cent on the previous corresponding period and surpassing investment bank UBS's estimate of $1.35 billion for the period.
Woodside Petroleum has awarded four contracts, which it is funding without a contribution from venture partner BHP Group, for front-end engineering design activities at its proposed $15 billion Scarborough project.
Oil prices have fallen nearly two per cent as investors worried about a global economic slowdown, snapping a nine-day winning streak spurred by US-China trade hopes, but clung to some gains from that rally to end the week higher.
The national petroleum industry regulator has responded to media reports that Inpex’s Icthys LNG operation is unsafe, saying it gave the all clear for gas to flow at the $US45 billion ($62 billion) facility.
Red Emperor Resources has tapped investors for £2.8 million (approximately $5 million) from a share placing to increase working capital as it prepares for the drilling of the Winx-1 exploration well in Alaska.
Oil prices have risen by more than two per cent, supported by hopes that crude demand may rise more quickly if talks between US and Chinese officials resolve the trade dispute between the world's two biggest economies.
Oil prices have edged higher, rebounding further from 18-month lows reached in December, on support from OPEC production cuts and steadying equities markets.
