The Australian share market has closed slightly higher, with the big banks holding up the bourse in light trading following a weak lead from US markets
A short term domestic gas contract between Woodside Petroleum and electricity generator Synergy is the first such deal since the North West Shelf Venture partners moved towards separate marketing of their production.
Energy giant Santos has reaffirmed its full-year production and sales guidance after posting an eight per cent rise in quarterly production and a 25 per cent jump in sales volume.
A successful Oil Search takeover of Interoil will be one factor that could help trim billions off the cost of LNG projects in Papua New Guinea in the next two decades, according to consultants Risc.
Energy giant Santos will hand at least 40 per cent of its underlying net profit back to shareholders as dividends despite a tough year due to falling oil prices.
If money, careers and future investment in Western Australia were not being jeopardised, it would be amusing to watch some of Australian biggest companies adopt a management policy best described as ‘run and hide'.
Energy giant Santos has finalised a new executive team and corporate structure that centralises management in Adelaide, though it has a strong Western Australian flavour as five members of the executive committee have worked in Perth.
China's largest private gas company, ENN Group, is set to become Santos's biggest shareholder after agreeing to buy an 11.7 per cent stake in the Australian energy giant.
Smaller iron ore miners were the big winners today after the iron ore price surged overnight, whereas Fortescue Metals Group failed to sustain Monday's big gains despite announcing a joint venture and investment deal with Brazil's Vale.
Energy giant Santos says it can withstand a prolonged slump in oil prices despite taking an eye watering $2.7 billion full-year loss due to $2.8 billion in write-downs.
Beach Energy and Santos are the latest Australian oil and gas companies to flag big write-downs, with Beach announcing late today it would cut capital spending and make impairment charges of up to $650 million.
SPECIAL REPORT: Local firms Azure Capital and Hartleys punched above their weight in 2015 in what was a lucrative year for a handful of top corporate advisers in WA. Click through to see which corporate advisers, lawyers and brokers managed 470 M&A and capital raising deals.
SPECIAL REPORT: Newly appointed chief executives in Western Australia are mostly receiving lower salaries than their predecessors, but retaining plenty of upside through incentive schemes, a survey of nearly 40 new CEO pay packages has found.
Kevin Gallagher has tendered his resignation as the CEO and managing director of Clough. Mr Gallagher will resign from Clough to take the CEO position with Santos.
Oil and gas producer Santos plans to cut its debt by $3.5 billion through two capital raisings and one asset sale, in an effort to ride out weak oil prices, and has recruited Clough boss Kevin Gallagher as its new chief executive.
Santos and Quadrant Energy have signed a deal for the sale of the Stag oil project in the Carnarvon Basin to Malaysian company Sona Petroleum for $US50 million ($A70 million).
Australian institutional investors are among the most demanding in the world when it comes to reporting of environmental, social and governance risks, according to a global report released today by EY.
SPECIAL REPORT: As the energy construction boom winds down, policy makers must get the settings right to prepare for future investment, while energy players mull the best way to allocate scarce capital.
A series of major trade sales and the prospect of one of WA's biggest-ever IPOs were highlights in what remained subdued capital markets in the September quarter. Also in our special report, how a surge in backdoor listings is attracting Silicon Valley entrepreneurs.
At 26 per cent WA has the highest gender pay gap in the nation, but many of the state's female business leaders are working on addressing equality in the workplace.
If Woodside Petroleum's one-for-four share swap bid for rival LNG producer Oil Search was plan A, then plan B, when it comes, had better be a beauty, because so far no-one apart from Woodside management can say anything positive about the proposed takeover.
Woodside Petroleum has spent the past 60 years focused on the development of its own projects in Australia, but in the space of one year, two major takeover deals collectively worth $15 billion look set to reshape the Perth-based energy giant.
The new owners of Quadrant Energy have spoken to Business News about how the $2.7 billion acquisition came together and their plans for the oil and gas producer.
Santos has announced a sweeping strategic review after managing director David Knox agreed to step down from the oil and gas producer following a protracted decline in investor support and an 82 per cent plunge in first-half profit.
Oil and gas explorer New Standard Energy has freed itself of debt after selling its Cooper Basin and US assets to Sundance Energy in a deal valued at $24 million.
Mount Gibson Iron has moved to establish a logistics base on Koolan Island, in partnership with Qube Holdings, to service the offshore oil and gas industry.
Perth Airport chairman and Curtin University chancellor Colin Beckett has taken the role as head of the Western Power board, with Iluka Resources chair Greg Martin appointed as his deputy.
Woodside Petroleum has closed its $US854 million ($A1.1 billion) purchase of Apache Corporation's interests in the Kitimat LNG project in Canada, a week after finalising the WA component of the sale.
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.
