US-based subsea technology group FMC Technologies has signed an agreement to supply offshore loading systems for Shell’s $12 billion Prelude floating liquefied natural gas development.
A drop in the Australian currency below parity with the US dollar and a recent cut in domestic interest rates will help manufacturers, the Australian Industry Group says.
Woodchipper Gunns has struck a deal to sell its hardwood sawn timber business for $28 million as it continues to finalise its long-awaited capital raising.
The state government has dismissed a report claiming the state cannot afford a Norway-style sovereign wealth fund - just as it prepares to unveil its own.
ASX and Toronto-listed Aurora Oil and Gas has beefed up its holding in the highly-prospective Sugarloaf shale gas field in the United States, snapping up a 6 per cent stake for $US95 million ($95.3
Slowing economic growth, inflation, and interest rate hikes by commercial banks gave the Reserve Bank of Australia (RBA) the impetus to cut the cash rate in May.
Who’s bluffing? Mining and oil companies claiming that Australia is becoming too costly and difficult for major new projects, or the Australian Government which says it’s a global problem.
Treasurer Wayne Swan will reassure business the federal government is still on the case to reform the tax system, despite ditching a promised cut in the corporate tax rate in last week's federal bu
Australian stocks have opened lower, with local market players taking their cues from a poor night on Wall Street as the political gridlock in Greece dominated trading.
US stocks have closed firmly in the red as Greece's political stalemate and Spain's banking problems drove new fears about the strength of the eurozone.
Perth-based law firm Balance Legal is merging with regional player Advent Lawyers - forming a new group with four offices in Australia and Singapore, and plans to expand.
Woodside Petroleum chief executive Peter Coleman has taken the first tangible step towards his strategy of diversifying beyond the company’s big growth projects in Western Australia.
Explosives and fertiliser producer Incitec Pivot says it has no plans to drop its fertiliser business despite its lower earnings leading to a 13 per cent drop in first half profit.
Altona Mining says it is on the brink of becoming a mid-tier copper producer, after releasing a study which says its Little Eva copper-gold project near Mount Isa in Queensland will cost $320 milli
More than 100 police officers have converged on James Price Point north of Broome to escort a convoy of equipment past protesters to a proposed gas hub development site.
Mount Gibson Iron has announced the permanent appointment of Jim Beyer as its chief executive.Mr Beyer has been acting chief executive since December 2011.
The federal government has opened up 27 new offshore petroleum acreages across nine basins in Commonwealth waters off five states, including 13 new areas off the coast of Western Australia.
Up to half of all new jobs created in the next few years will be in sectors related to the booming mining industry, the Reserve Bank of Australia says.
The once-mighty Aussie dollar is losing purchasing power as it slips below its US counterpart, but TVs and electrical gadgets are likely to stay dirt cheap - for a while at least.
Australia has identified gas reserves that could keep up the rate of current production for nearly two centuries, Resources Minister Martin Ferguson says.
