The consumer watchdog is probing Woodside Petroleum's $US2.75 billion purchase of oil and gas assets from US energy company Apache, over concerns the deal could affect the supply of wholesale gas in the Western Australian market and lead to higher gas prices.
In theory, and it is a theory backed by some high-powered research, shares in Australian oil and gas companies such as Woodside Petroleum and Santos have much further to fall, a fact which prompts a question: why haven't they already fallen further?
US company Hess Corporation has moved closer to developing its large Equus gas field off the WA coast, after striking an agreement to process the gas through the North West Shelf venture's Karratha plant.
The free-falling iron ore price has hit the state's coffers hard this year, but one of the state's most respected resources authorities is pragmatic about the future, given the cyclical nature of the commodities sector.
The international stage has helped this year's local business and political leaders stand out from the pack – including our Person of the Year, Richard Goyder.
Woodside Petroleum has substantially reshaped its project portfolio after buying a minority interest in Chevron's half-built Wheatstone LNG plant, postponing its planned Browse LNG project and acquiring a stake in a Canadian LNG development.
The tougher business climate has prompted some WA companies to cut executive salaries, but most have held the line and some have even awarded pay rises.
Shell Australia has become the third major petroleum producer to partner with Western Australia's leading energy research group, in a move that is expected to provide a host of opportunities for local input and collaboration on the $12 billion Prelude floating liquefied natural gas project.
Transfield Services has signed an agreement to provide multidiscipline implementation services on the offshore facilities of the Woodside Petroleum-operated North West Shelf project.
The Organisation of Petroleum Exporting Countries may not be dead, but it is on life support – a status that contains a mixed message for Western Australia, as part of the state's economy will benefit from potentially lower fuel prices while another part will likely be damaged.
The Woodside Petroleum-led North West Shelf venture has agreed to proceed with its $1.2 billion Persephone gas project off the Western Australian coast.
The Woodside-led North West Shelf joint venture has struck a new supply agreement that will deliver a small increase in the amount of gas coming into the local market but there is still no word on the future of contracts that account for more than half the state's domestic supply.
Mining giant Woodside Petroleum will expand its presence off the Moroccan coast after entering into a contract with the country's national oil company for a licence to explore another block of the Doukkala basin.
When a Collins-class submarine or aircraft carrier need to be completely wrapped in protective plastic for shipment, or Peters in Malaga wants to keep making ice creams without dust entering the pl
About $5.6 million owed to thousands of Western Australians is lying unclaimed in the Department of Treasury's register of unclaimed money database, Treasurer Mike Nahan says.
Wesfarmers has appointed Maya vanden Driesen to the position of group general counsel, putting her in charge of a national team of 42 in-house lawyers.
Chairman of education provider Navitas, Harvey Collins, has joined the ranks of some of the top business leaders in WA by winning the Australian Institute of Company Directors gold medal award for WA.
Woodside Petroleum has donated $1 million to the Harry Perkins Institute of Medical Research, while 100 Woodside employees have raised almost $280,000 more through the Ride to Conquer Cancer.
Santos has called on the state government to provide more certainty on its domestic gas reservation and offsets policies, to encourage new investment in ‘domgas' supplies.
Woodside Petroleum has finalised an agreement with Noble Energy and Glencore International to farm in to the Tilapia Production Sharing Contract off the coast of Cameroon.
The Business News annual export review has the latest data on 33 businesses representing $122 billion in outgoing trade. It also shows that while iron ore continues to dominate, the emergence of LNG, agriculture and services will benefit from a lower dollar.
A joint project between Woodside Petroleum and Curtin University is aiming to boost productivity in the construction of liquefied natural gas projects in Western Australia.
Last month's huge oil discovery off the Pilbara coast, which could be the largest local find in 30 years, has already provided West Perth junior Carnarvon Petroleum with a significant boost to its share price.
Woodside, WorleyParsons and KBR were awarded the overall prize at the 2014 WA Engineering Excellence awards last night for their project entry, the $5 billion North Rankin Redevelopment project, which exports gas to the Karratha gas plant.
Aberdeen-headquartered energy services firm Wood Group PSN has won a contract with Woodside to provide engineering and construction management services at its Karratha Gas Plant Life Extension program, for an undisclosed amount.
Speculation is mounting that Apache Energy is set to spin-out its Western Australian assets into a separate entity, with Macquarie Capital Advisers appointed to act on its behalf.
