News Articles for Carnarvon Energy

Carnarvon Energy has once again voiced its disappointment at joint venture partner Santos over the stalled Dorado oil project off WA but remains confident the project will one day be built.

Strike Energy and Hancock Prospecting are continuing work towards a final investment decision at the West Erregulla gas project, but the project's final form remains unclear.

Carnarvon Energy will become the biggest shareholder in Perth gas play Strike Energy but despite this support, Strike's share price fell sharply today after a project update.

Dorado oil project minority owner Carnarvon Energy plans to hand cash back to shareholders, after the project's majority owner Santos deferred a final investment decision over the field.

Approvals for a $200 million biorefinery in the Wheatbelt backed by the state government have been terminated.

Santos has again deferred a final investment decision at the Dorado joint venture project off the Western Australian coast, with no timeline given for a revised investment decision.

Hot on the heels of kicking off the oil well pad construction at the Rafael Shallow 1 project in Western Australia's Canning Basin earlier this week, Buru Energy has named David Maxwell as the company's new chairman. Maxwell will replace retiring chairman and founding shareholder Eric Streitberg, who is regarded as an industry stalwart after compiling a 50-year career.

Carnarvon Energy hopes a final investment decision will be made on the Dorado oil project by the end of 2024, as the Santos-led joint venture explores cost reduction at the field.

Carnarvon Energy's new chief executive Philip Huizenga will take a salary 20 per cent lower than his predecessor in the role, as the company rebuilds from a board overhaul last year.

Our board moves wrap includes Michael McCormack, Don Lindsay, Ian Cockerill, Jeremy King, Mark Hohnen, Robert Black, Gavin Ryan, William Foster, Geoff Newman, Matt Freedman, Mark Connelly, Suzie Foreman, Jon McLoughlin, Nicole Duncan, Peter Sullivan, Rebecca Hayward, Gillian Swaby, Nick Cernotta, Susan Park, Mark Bolton, and Robert Klug.

Oil and gas producer Santos recorded a 42 per cent fall in underlying profit in 2023 off a 24 per cent reduction in sales revenue, reflecting lower received prices and less production volume.

Dr Simon Dominy will be resigning as the UK-based non-executive director of Artemis Resources on 9 January 2024.

The board of Carnarvon Energy has been overhauled by major shareholders, less than a week after the company put out a succession plan to guide the appointment of new directors.

Carnarvon Energy chair William Foster and director Gavin Ryan will step down from their roles next year, as part of the company's succession and renewal focus.

Carnarvon Energy management has used the company's annual report to vent “personal frustration” over Dorado JV partner Santos' delay in announcing a final investment decision.

The Australian Foreign Investment Review Board has given developer Carnarvon Energy the all clear to offload a portion of its Dorado field project to Taiwan's national oil and gas enterprise.

Carnarvon Energy is waiting on approval from the Foreign Investment Review Board to sell a slice of its Dorado project to Taiwan's national oil and gas enterprise.

Carnarvon Energy has agreed to sell a 10 per cent stake in the Dorado gas field and neighbouring fields in a deal worth up to $US146 million.

Carnarvon Energy shares fell sharply after the explorer and joint venture partner Santos put a final investment decision for a significant WA oil development on ice.

A major new oil project off Western Australia is a significant step for fuel security at a time of intense international volatility, the government says.

Carnarvon Energy is chasing institutional backing to support its Dorado oil discovery last week, earning newcomer Barrenjoey Markets its second WA deal.

Santos and its junior exploration partner Carnarvon Energy have struck a discovery believed to host 43 million barrels of oil east of Western Australia's Dorado field.

Our board moves wrap includes Benjamin Donovan, Gavan Sproule, and Thomson Naude.

With the green energy revolution and particularly hydrogen gathering momentum at the same time that oil prices are enjoying a resurgence, many traditional oil and gas firms are conflicted in terms of priorities. The storage and sale of hydrogen is best undertaken by oil and gas firms and whilst many are attempting to dip their toe in the water, others are once again fixated on the burgeoning oil and gas price.

Santos has awarded a front end engineering contract for design, construction, and installation of the Dorado wellhead platform to Sapura Energy.

Engineering work for the $US2 billion Dorado oil and gas project will soon get under way, proponent Santos said, with a final decision due mid-2022.

Our board moves wrap includes Debra Bakker, Karen O'Neill, John Morris, Peter Lester, Nicole Adshead-Bell, Matthew Keane, and Mark Bennett.

Our board moves wrap includes Peter Leonhardt, William Foster, Michael Edwards, John Hutton, and Brian Thomas.

Gold Road Resources and Silver Lake Resources will join the S&P/ASX 200 index, while Seven West Media was among the losers in the indices reshuffle, as the quarterly rebalance of the S&P/ASX indices was announced today.

Our daily board moves wrap includes Alex Doering, William Hu, Gang Xu, Henko Vos, Henry Kinstlinger, Dougal Ferguson, Sarah Wilson, Shannon Coates, Marc Steffens, Hayden Buswell, and Geoff Chapman.

A summary of last week's smaller deals that did not get included in our daily news coverage.

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.

Santos has increased its gas production in Western Australia, following its $2.9 billion takeover of Quadrant Energy late last year.

Santos and Carnarvon Petroleum say they have confirmed the discovery of a major oil and gas resource off the coast of Western Australia.

Automotive Holdings Group has slipped out of the benchmark S&P/ASX 200 index, while six Western Australian companies have moved into the S&P/ASX 300 index.

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.

Shares in Carnarvon Petroleum have regained some of yesterday's losses, after the oil and gas explorer revealed plans for its lesser known Buffalo project in the Timor Sea.

Paris-based upstream oil and gas engineering business Doris Engineering has set up shop in Perth as it prepares for the next wave of local major projects to get under way.

Carnarvon Petroleum has announced another oil discovery at its Dorado-1 well in the Carnarvon Basin, with the company's share price having more than quadrupled in the past month.

Shares in Carnarvon Petroleum have received another boost today after the company said it had discovered more oil and gas at Dorado-1 in the Carnarvon Basin.