Oil & Gas

Crude prices ended the session slightly higher on Thursday as investors weighed the potential disruption to oil flows from major exporter Iran in the face of US sanctions.

Perth company Western Gas is on the hunt for a partner for its Equus gas field project off the WA coast, and has revealed a new development plan, with first gas expected in 2023.

Antilles Oil and Gas has announced plans to acquire aged care technology company HomeStay, which counts Fastbrick Robotics chair Shannon Robinson among its directors.

Oil prices rose about three per cent on Wednesday and hit fresh three-and-a-half year highs after a bigger-than-expected drawdown in US oil inventories extended gains from the United States' decision to quit a nuclear deal with Iran.

Local telco Swift Networks has secured a five-year services contract in the oil and gas industry.

Oil prices recouped some losses to end about two per cent lower on Tuesday after President Donald Trump confirmed the US will withdraw from the Iran nuclear deal in a volatile session which saw prices slump as much as four per cent.

Oil prices rose for the fourth straight day to hit levels not seen since late 2014, boosted by the latest trouble for Venezuelan oil company PDVSA and the possibility that the United States could re-impose sanctions on Iran.

Oil prices rose on Thursday, boosted by OPEC production cuts and the potential for new US sanctions against Iran, but gains were limited by growing US crude inventories.

After overhauling Tap Oil’s board earlier this year, major shareholder Risco Energy Investments has made a $29.8 million takeover offer for the Perth-based oil and gas company.

Oil prices slid more than one per cent on Tuesday as the US dollar remained near a four-month high, but worries that US President Donald Trump will pull out of the Iran nuclear deal underpinned the market.

Oil prices rose on Monday, bouncing off early losses after Israeli Prime Minister Benjamin Netanyahu said Israel had proof that "Iran lied" about its nuclear capabilities, and that he was sure US President Donald Trump would do "the right thing" in reviewing the country's nuclear deal with western powers.

Oil prices edged lower on Friday, although Brent still gained for a third straight week amid supply concerns should the United States reimpose sanctions on Iran.

Oil prices gained on Thursday as the risk of renewed US sanctions on Iran, plunging Venezuelan output, and robust global demand shook off the effects of a strong US dollar.

Long-running plans by Vikas Rambal’s Perdaman Industries to build a multi-billion dollar urea manufacturing plant in Western Australia have received a fillip, with his group signing a gas supply agreement with Woodside Petroleum.

Consulting group Energy Quest has cast doubt over the long-held expectation that Australia will overtake Qatar as the world’s largest LNG producer, in part because of the anticipated decline in production at Woodside Petroleum's North West Shelf project.

Oil prices rose on Wednesday despite data showing rising US inventories, holding within sight of three-year highs reached the previous day on geopolitical tensions including the prospect of fresh sanctions on Iran.

Japanese group Mitsui & Co has begun the compulsory acquisition process of Waitsia gas field operator AWE, after increasing its stake in the oil and gas company above the 90 per cent threshold last week.

Oil prices rebounded from an early slide to finish higher and strengthen further in post-settlement trade, as investors feared US sanctions could dampen Iran's output.

Perth-based data management company Tape Ark has completed a world first for the oil and gas exploration industry by demonstrating real-time seismic data acquisition using cloud storage rather than traditional tapes.

Oil prices peaked at highs not seen since 2014, built on the ongoing drawdowns in global supply and as Saudi Arabia looks to push prices higher, though US crude gave back gains in the afternoon to

A Dutch company will soon begin work on a nearly $10 million large-scale mercury waste treatment facility in Kwinana, as increased LNG exports lead to higher volumes of the toxic metal.

Oil prices dropped on Monday as investor concern waned about escalating tensions in the Middle East following air strikes on Syria over the weekend.

Oil prices rose on Friday, making the largest weekly gain since July, supported by concerns about the possibility of Western military action in Syria and reports of dwindling global oil inventories

Oil prices have jumped, hitting their highest levels in more than three years after Saudi Arabia said it intercepted missiles over Riyadh and US President Donald Trump warned Russia of imminent mil

Oil prices surged more than three per cent on Tuesday as investors grew more confident the United States and China would resolve their trade dispute without damaging the global economy, while Middl

Oil prices fell about two per cent after US President Donald Trump threatened new tariffs on China, reigniting fears of a trade war between the world's two largest economies that could hurt global

Oil prices settled slightly lower on Wednesday, as a surprise draw in US crude stockpiles triggered a rebound from session lows hit after China proposed a broad range of tariffs on US exports that

Japanese group Mitusi & Co has gained a majority stake in Waitsia gas field operator AWE after a keenly contested takeover battle, and has now declared its $602 million offer unconditional.

Oil prices have edged higher, supported by a recovery in the equities market and on a technical bounce for crude after the biggest daily percentage drop in almost a year, but Brent futures stayed w

The US private equity firm aiming to buy Santos has raised its bid for a third time, valuing the local oil and gas producer at about $13.5 billion.

Oil prices fell about one per cent after data showed US crude inventories unexpectedly rose 1.6 million barrels last week, weighing on market sentiment.

Oil prices were little changed on Tuesday, with Brent futures retreating after hitting $US71 a barrel, as the US dollar recovered from earlier losses and as the market continues to stagnate after s