News Articles for DUET Group

The federal government has today announced new and renewed appointments to its Takeovers Panel including Perth-based John McGlue, Shirley In't Veld and Denise McComish.

Treasurer Josh Frydenberg has rejected a Chinese consortium's proposed $13 billion purchase of APA Group, saying the deal would result in an undue concentration of foreign ownership of the country's gas transmission pipelines.

The board of APA Group has accepted a $12.98 billion takeover offer from a consortium led by Hong Kong's CK Infrastructure (CKI), in a deal that will see major gas pipelines in WA sold to a new owner.

The ownership of two major gas pipelines in Western Australia could change hands after a Chinese consortium proposed a $13 billion takeover of energy infrastructure giant APA Group, one year after the same consortium bought DUET Group, which owns the Dampier to Bunbury gas pipeline.

A Chinese consortium is set to take control of the Dampier to Bunbury gas pipeline and several power stations across WA after regulators and shareholders today approved the $7.5 billion takeover of listed company DUET Group.

Local engineering and construction group Valmec has won a $5.4 million contract for work on DBP Development Group's Tubridgi gas storage facility near Onslow, which will be the largest in Western Australia when completed.

Hong Kong investor CKI will be hoping the federal government approves its $7.3 billion takeover bid for DUET Group if the energy utility operator's shareholders back the deal.

A $69 million gas storage facility will be built near Onslow by Duet Group subsidiary DBP Development Group to help producers and consumers smooth production profiles and cover planned outages.

Shares in DUET Group have jumped 16 per cent after the energy utility operator confirmed it has received an indicative and conditional takeover offer from Hong Kong billionaire Li Ka-Shing's Cheung Kong Infrastructure.

TransAlta Corporation has had a small win in the Supreme Court after successfully defending an entitlements claim by Monadelphous Group, but the engineering firm is still pursuing about $33 million from a joint venture comprising a Pilbara-based subsidiary of the Canadian power utility and DPB Development Group.

SPECIAL REPORT: WA's regulatory system is at the top of the hit list for onshore oil and gas juniors seeking to drill tenements in the state.

Dampier to Bunbury Natural Gas Pipeline owner-operator DBP says pricing for the gas transmission line set by the Economic Regulation Authority today won't be enough to earn a rate of return suitable for prevailing market conditions.

Kerry Stokes has sold Malaga-based Landfill Gas and Power to a subsidiary of DUET Group for an undisclosed sum.

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.

Alcoa of Australia has agreed to sell its stake in DBP, the owner and operator of the Dampier to Bunbury Natural Gas Pipeline (DBNGP), to DUET Group for $205 million.

Despite falling oil prices, projections are showing that local consumers and industry could be paying much more for gas in 10 years' time.

Energy utility owner Duet Group is set to become a bigger player in the WA market, after announcing an agreed $1.4 billion takeover of remote power producer Energy Developments.

A 270 kilometre-long gas pipeline connecting Fortescue Metals Group's Solomon hub operations to the Dampier natural gas pipeline was officially opened today.

Chevron's $US29 billion Wheatstone LNG project has been linked to the Dampier to Bunbury Natural Gas Pipeline, with DUET Group subsidiary DBP Development Group completing construction on a $94.9 mi

Energy infrastructure investment firm DUET Group and aluminium producer Alcoa of Australia have finalised plans for a $180 million investment in the Dampier Bunbury Pipeline.

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.

Ratings services Standard & Poor's said today it had revised its outlook on the 'BBB-' issuer credit ratings on DBNGP Trust, the owner of the Dampier to Bunbury Natural Gas Pipeline, and relate

Dampier to Bunbury gas pipeline owner DBP Transmission has completed negotiations with a majority of customers that use its pipeline, in a move it says will reduce its long term risk profile.

SPECIAL REPORT: Former Verve Energy CEO Shirley In't Veld says when it comes to government-owned businesses, politics often wins out over commercial imperatives.

An array of large and small projects will push WA's petroleum production to 1 million barrels of oil equivalent per day for the first time next year.

Duet Group subsidiary DBP Development Group has been selected to build infrastructure to link Chevron's Wheatstone gas project to the Dampier to Bunbury pipeline for domestic use.

The owner of the Dampier to Bunbury natural gas pipeline has reported a sharp slump in after-tax profit despite solid growth in revenue from its major operating assets.

The ownership of two of Western Australia's major gas infrastructure assets looks set to change hands, with Canada's ATCO Group and ASX-listed investment company DUET Group closing on a deal.

Energy distributor Duet Group's first half profit declined 51 per cent as it continues to focus on improving the operational performance of its assets.

A strong contribution from the Dampier to Bunbury gas pipeline has helped to lift investment fund manager DUET Group's interim earnings out of the black to a net profit of $94.5 million.