News Articles for Woodside Energy

Premier Colin Barnett clings to hope the Woodside Petroleum-led Browse liquefied natural gas joint venture will be revived, but says he's not surprised it has been shelved.

Energy giant Woodside Petroleum has put on hold its multi-billion dollar Browse liquefied natural gas project in view of the challenging market environment.

Chevron's $55 billion Gorgon liquefied natural gas (LNG) project has finally shipped its first cargo, two weeks after production commenced at the first of three gas processing trains.

French company Sodexo is set to become one of the biggest service providers in the Pilbara after signing a $2.5 billion contract to manage all of Rio Tinto's mine camps and other facilities for 10 years.

More than 10 per cent of office buildings in Perth's CBD are completely empty, while 29 buildings have more than 5,000 square metres available for lease, according to new research.

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.

Brian J Rear has resigned as a director of Horseshoe Metals.

Some ill-advised business decisions are coming back to haunt some of well-known local resources players.

Energy giant Woodside Petroleum is expected to delay a long-awaited decision on its multi-billion dollar Browse project until oil prices recover.

Prime Minister Malcolm Turnbull will join a range of international energy leaders in Perth to open the LNG 18 global conference in mid-April.

Energy giant Woodside Petroleum has bolstered its board with the appointment of a former Shell executive, while Dacian Gold has welcomed a prominent lawyer to its board.

The global LNG market could soon be in sharp oversupply, with Australia contributing about a third of that excess in what will become a buyers' paradise, an international expert says.

A unique Western Australian project aimed at challenging the perception that philanthropy is the preserve of a wealthy elite has facilitated its first major donation.

Energy giant Woodside Petroleum has signed a project development agreement with US-based Sempra Energy for a potential liquefied natural gas plant in Texas.

Today at AOG: US petroleum company Hess is pursuing development of its Equus gas field off the Pilbara coast, with senior manager Andrew Drayton telling the Australasian Oil & Gas conference today it would proceed with a variety of tendering opportunities this year, including for subsea work.

Energy giant Woodside Petroleum has reported a sharp fall in profit on the back of writedowns and says now is not the time to be reckless as it mulls over the future of its key Browse project.

Energy giant Woodside Petroleum's decision to search for gas off the coast of Myanmar has proved fruitful so far, with the company announcing its second discovery this year.

The Chamber of Commerce and Industry of WA's Energy Apprenticeships Group has kicked off with 16 process operator apprentices to begin their four-year training today.

Woodside Petroleum says its recently flagged write-downs of up to $US1.2 billion ($A1.7 billion) had taken into account possible delays at the Wheatstone LNG project near Onslow.

Woodside Petroleum expects to take a hit of up to $US1.2 billion ($A1.7 billion) as it writes down the value of its energy assets following the slump in oil prices.

Engineering firm Wood Group has continued its run of contract wins in the offshore oil and gas sector, with the latest contract being for Shell's Prelude floating LNG project.

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.

A recent addition to the Business News offering is keeping track of WA's performance on the markets this year. The opening weeks have not been good.

Western Australia's biggest and most productive gas production facility suffered an equipment failure early this morning.

If Woodside Petroleum is ever looking for a corporate slogan it could borrow a saying from the Dutch philosopher Erasmus: “in the land of the blind the one-eyed man is king”.

Australia's struggling oil and gas producers are expected to put more assets on the market this year as oil prices hit fresh 12-year lows.

Frank Cooper has been selected as the new president of the West Australian Division of the Australian Institute of Company Directors (AICD), effective February 1, 2016.

Singapore-listed contractor AusGroup has announced a number of contract wins and extensions worth a combined $100 million, including with Woodside Petroleum, which today flagged lower capex and increased production for the year.

Woodside Petroleum's impending exit from its namesake office tower on St Georges Terrace has already affected the building's value, with its owner, DEXUS Property Group, saying it was now worth $80

Woodside Petroleum and its joint venture partners have given the go-ahead to a $2 billion subsea development at the North West Shelf Project off the Pilbara coast.

Engineering contractors Monadelphous Group and Wood Group have secured new contracts with Woodside Petroleum and ConocoPhillips to service existing oil & gas facilities.

Woodside Petroleum has formally abandoned its attempted takeover of rival energy company Oil Search by withdrawing its $11.6 billion bid.

SPECIAL REPORT: The 2015 CEO salary survey has some surprising names near the top of the list while some of the state's best chief executives are unexpectedly low down.

Analyst firm EnergyQuest has predicted lower liquefied natural gas prices will not lead to Australian operations switching off or cutting back production, in its latest quarterly review of the industry.

The state's corporate donors still prefer their gifts to be in cash, while in-kind contributions have fallen away in favour of increased staff volunteering, according to the latest Giving West survey.

The latest official report into Western Australia's gas supply and demand outlook has raised the ire of a group of major domestic gas users, which says some of its key findings are misleading and called for an independent review into how the report is compiled.

As one of WA's most influential directors, when Michael Chaney talks, the business community listens.

Wesfarmers chairman Michael Chaney has disagreed with Reserve Bank of Australia Governor Glenn Stevens' view that big companies have not reduced hurdle rates for investment decisions amid falling interest rates, in an address at this morning's Business News Success & Leadership breakfast.

A hotel and a laboratory in Perth have been recognised as two of the best places to work in Australia, while two Western Australian workers have also been honoured for excelling during their training.

Artrage was founded as an alternative arts organisation, yet under chief executive and former 40under40 award winner Marcus Canning, its turnover is heading towards $20 million.