A long-running campaign to sell a 50 per cent stake in Exchange Tower is coming to a close, with property syndicator Primewest to pay $113.5 million for half of the CBD skyscraper.
Engineering contractors Monadelphous Group and Wood Group have secured new contracts with Woodside Petroleum and ConocoPhillips to service existing oil & gas facilities.
Recent sales in Perth's commercial property market show appetite remains for well-located assets with strong leasing profiles, but activity levels are still well down historically as the shadow of rising vacancies looms large over the city.
Warrington Property Group has unveiled the biggest completed transaction in Perth's commercial property market this year, buying the Australian Taxation Office building in Northbridge for $101 mill
Mining giant Rio Tinto appears to have put the kibosh on speculation it will anchor a major new commercial office tower at Elizabeth Quay, extending its lease at Central Park until 2030.
Engineering group UGL has been awarded a $120 million contract to provide plant services for the operational phase of Santos's Curtis Island LNG facility in Queensland.
Engineering firm Monadelphous Group has increased its work on hand after being awarded three separate construction contracts in the oil and gas and infrastructure markets for a combined value of about $90 million.
Miro Advisors has been selected by oil and gas explorer New Standard Energy to manage the farm-out of its Western Australian exploration acreage, continuing four years of rapid growth for the Perth advisory firm, as detailed in this week's edition of Business News.
GDF Suez and Santos have moved away from developing their Bonaparte joint venture project as a floating liquefied natural gas project, saying they will now consider other options, including helping expand Inpex's Icthys LNG project.
Oil and gas explorer New Standard Energy has sought to assure shareholders it is committed to its projects in Western Australia after deferring all of its Canning and Carnarvon Basin drilling activity until 2015.
The resources sector will struggle to find enough skilled workers to drive production on the LNG plants expected to come on-stream in the next few years.
The federal government has failed to give enough consideration to the economic and domestic gas supply implications of floating LNG technology (FLNG), a Western Australian parliamentary inquiry has found.
Monadelphous Group has been awarded three contracts with a combined value of about $250 million on the massive Australia Pacific LNG project in Queensland.
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.
The Clough AMEC joint venture has been awarded a two-year contract extension worth $150 million to continue to provide operations and maintenance services at ConocoPhillips' Bayu-Undan oil and gas facilities in the Timor Sea.
Mermaid Marine is a good barometer of activity in Western Australia's oil and gas sector and the company is looking for ways to diversify, including internationally.
Two new oil and gas research initiatives have received promises of federal funding, with Prime Minister Kevin Rudd talking up the future of the sector in Western Australia today.
A newly completed study of cities focused on the energy sector has ranked Perth high on the list of international destinations, as an increasing number of global oil and gas companies build their p
Western Australia has an abundance of gas and explorers are looking for more, both offshore and onshore, but there are questions over how much growth the industry can sustain.
Victorian-based Karoon Gas has reached a deal with joint venture partner ConocoPhillips to acquire an additional 50 per cent interest in Browse Basin permit WA-314-P.
