Onshore oil producer Buru Energy has taken full ownership of the Ungani operation in the Canning Basin as part of an asset swap with its joint venture partner, Mitsubishi Corporation.
Two days after Magnum Gas & Power ended plans to acquire private company Bombora Natural Energy, Perth-based Zeta Petroleum has revealed its own merger plans with the target.
An improved performance by some of the state's miners boosted the Business News index of listed Western Australian companies, the BN30, to finish almost 19 per cent higher over the year (2016).
Onshore oil producer Buru Energy has secured a native title agreement to further develop its Canning Basin gas resources, two years after its plans for a fracking program in the Kimberley caused a stir.
Resources Minister Josh Frydenberg said the federal government would be pushing states to remove moratoriums on unconventional gas extraction, including fracking, he told the LNG 18 conference today.
Alumina giant Alcoa could be on the cusp of a strong growth period, yet significant challenges remain in its way in ensuring it can keep up with low-cost global competitors.
A group of 30 Western Australian stocks selected by Business News has significantly outperformed the ASX200 in the March quarter, indicating stock investors are optimistic about the state's economic future.
Western Australia's only onshore oil producer has suspended production after being hit by the low oil price and the high cost of trucking its output to Wyndham rather than the much closer port at Broome.
Oil and gas company Buru Energy has flagged job cuts and the sale of acreage in the Canning Basin to save costs, as a drilling contractor employed at Buru's Ungani project falls into administration.
Quadrant Energy will pay $10 million to withdraw from a joint venture with Buru Energy and Mitsubishi Corporation, which together own oil and gas exploration permits in the Canning Basin.
With science increasingly giving hydraulic stimulation, or ‘fracking', the thumbs up, the practice could be used to unlock enormous amounts of tight gas in WA.
Buru Energy has announced the signing of a native title agreement with the Nyikina Mangala and Karajarri Yanja people, an important step in moving to full production at its Ungani oil project joint
Buru Energy and APPEA have commended the Shire of Broome for its decision to vote down an anti-gas declaration that sought to declare the region frack-free.
The Department of Mines and Petroleum has denied reports of a gas leak at Buru Energy's Yulleroo project near Broome after carrying out an inspection of the site yesterday.
Community interest in the controversial practice of fracking has prompted Western Australia's environmental watchdog to issue advice on how it will assess shale and tight gas proposals.
Buru Energy has received a quarter of its maximum allowable $12 million in subscription applications for its share purchase plan following a recent $28 million placement.
Santos has called on the state government to provide more certainty on its domestic gas reservation and offsets policies, to encourage new investment in ‘domgas' supplies.
Perth explorer Buru Energy has received a $20 million backing by Gordon Martin's Coogee Chemicals in its $40 million capital raising to fully fund its 2015 work portfolio.
Buru Energy managing director Keiran Wulff announced his resignation today as the oil and gas exploration firm appointed two new non-exececutive directors.
Respected Aboriginal leader Wayne Bergmann has launched an extraordinary attack on Buru Energy, after the oil and gas company announced a landmark agreement with the Noonkanbah Aboriginal community.
The Aboriginal community that was at the centre of a major land rights dispute, sparked by oil exploration at a remote Kimberley cattle station in the early 1980s, has announced its support for a gas 'fracking' program planned by Perth company Buru Energy.
The entry of two European energy companies into WA will help to bolster activity in the onshore oil and gas sector, which is set for a pick-up after a series of disappointments.
Buru Energy's planned ‘tight gas' testing program in the remote Canning Basin will not require formal environmental assessment after minister Albert Jacob upheld the Environmental Protection Author
Eric Streitberg has taken charge of Buru Energy after chairman Graham Riley resigned, on the same day that shareholders delivered a massive protest vote at the company's annual meeting.
Global oil and gas services company ASCO Group has added another string to its bow with the $28 million purchase of a majority stake in logistics provider Bonnie Rock Transport.
Buru Energy has announced a major change in its Canning Basin exploration program after disappointing early results, saying today it was looking to release the specially-built rig it had contracted to use this year.
New Standard Energy has reported a profit of $1.2 million for the half financial year ended December 31, with an income tax benefit helping shift its performance back into the black.
Core Services Group has completed a long-planned all-scrip acquisition of Marcon Group worth up to $10.7 million, with an over-subscribed capital raising sealing a deal first announced in November 2012.
Apache Energy is set to farm-in to the Canning Basin, signing a $25 million agreement to earn a stake in oil and gas exploration permits held jointly by Buru Energy and Mitsubishi Corporation.
