A long-running legal battle over an abandoned gas well near Dongara has kicked back into gear amid allegations operator AWE failed to comply with a deed of settlement it struck with the land owners
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.
Chris Ellison-led Mineral Resources has posted a big increase in profit to $272 million for the 2018 financial year, helped by a strong performance in the company's mining services division.
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.
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.
Japanese group Mitsui & Co has announced it will not extend the deadline on its $602 million takeover offer for AWE and confirmed its offer price of 95 cents per share is final.
Mitsui & Co has announced its $602 million takeover offer for AWE will be unconditional if the Japanese company acquires more than a 50 per cent stake before March 14.
Oil and gas producer AWE has given suitor Mineral Resources three business days to match a superior proposal lobbed by Mitsui & Co, after reaching an in-principle agreement with the Japanese firm.
Shares in AWE jumped 16.5 per cent today after Japanese group Mitsui & Co became the third bidder for the oil and gas producer, which is the operator and half owner of the Waitsia gas field north of Perth.
Japanese group Mitsui & Co. has announced a surprise $600 million takeover bid for AWE, trumping two existing bids for the oil and gas producer, with the main attraction being AWE's Waitsia gas project north of Perth.
AWE has urged shareholders to take no action on a takeover offer from the state-run energy giant China Energy Reserve and Chemical Group, which remains unchanged from its initial bid of 73 cents per share, after it lodged its bidder's statement.
Melbourne-based Nacap Australia has won the contract to build a 200-kilometre gas pipeline to Gold Road Resources' Gruyere project near Laverton, and is pursuing other significant projects in Western Australia.
Sydney-based oil and gas company AWE has backed a revised $526 million takeover offer from Mineral Resources as the Perth-based mining outfit seeks to gain control of the Waitsia gas field in the Perth Basin.
Sydney-based gas company AWE has upgraded its Waitsia 2P reserves by 80 per cent, now ranking it in the top five largest gas fields ever discovered onshore in Australia.
Mineral Resources has launched a $484 million takeover bid for oil and gas group AWE amid the ongoing battle for control of the Waitsia gas field north of Perth.
A Chinese state-owned energy company has stepped up its efforts to gain control of the Waitsia gas field north of Perth, launching a hostile bid today for oil and gas group AWE after withdrawing its proposal for a friendly takeover earlier this week.
AWE shares have tumbled after the Chinese state-owned energy corporation interested in buying the Australian oil and gas group withdrew its $430 million proposal, after it was unable to conduct a final due diligence review on the target.
Sydney-based gas company AWE has produced more positive test results at its Waitsia gas field, with the highest flow rate to date recorded during recent flow testing.
Perth-based explorer Elixir Petroleum has entered into an agreement to acquire a Mongolia-focused coal seam gas business in an all-scrip deal worth about $4 million.
Kerry Stokes-backed Beach Energy has agreed to buy Origin Energy's conventional oil and gas business Lattice Energy, which has a major stake in two operations in the Perth Basin, for nearly $1.6 billion.
Sydney-based gas producer AWE plans to upgrade its resource estimate for the Waitsia gas field in the Perth Basin in coming months after a recent drilling campaign showed the field extends further eastward than initially thought.
AWE has reported more positive drilling results at its half-owned Waitsia gas field near Dongara, which it has previously said could be the biggest onshore gas discovery in WA for 50 years.
A joint venture between Cottesloe-based Triangle Energy Global and Royal Energy has taken full ownership of the Cliff Head offshore oil project in the Perth Basin after buying out previous stakeholder Roc Oil for $US3.75 million ($A5 million).
Certainty around the state's domestic gas supply received a boost today, with the Chevron-led Gorgon project delivering first domgas to Synergy and AWE taking the next step towards the development of stage two at the Waitsia gas field.
Four Western Australian projects will be included in a planned spin-off from energy player Santos in a bid to increase cash flow and cut debt, including facilities at Thevenard and Barrow islands.
Cottesloe-based Triangle Energy Global has emerged as the new buyer for AWE's majority stake in the Cliff Head offshore oil project in the Perth Basin.
Oil and gas company AWE has found a new buyer for its majority stake in the Cliff Head offshore oil project, after Elixir Petroleum was unable to complete a previously announced deal.
Australian energy company AWE has knocked back a $421.4 million takeover bid from a private equity firm, labelling the offer opportunistic and below fair value.
Four Mid West companies have won nearly $6 million in contracts for work on AWE's Waitsia project, where first gas is expected in the third quarter of this year.
