FEATURE: A Subiaco based-company is using marine drones and its global remote monitoring system to deliver benefits for the offshore oil and gas industry.
Perth exploration firm Hannans Reward has entered into a joint venture agreement with Reed Resources for 20 per cent interest in its Lake Johnston nickel sulphide project west of Norseman.
Western Australia’s aged care sector is preparing for major upheaval, including the entrance of investment-hungry private equity firms, as the most significant reforms in a generation take effect.
FEATURE: The state’s premier oil and gas training institute has joined forces with Northern Territory-based Charles Darwin University in the search for a training provider to tackle a looming oil and gas skills shortage.
FEATURE: The writing was on the wall, and has been for more than a decade. Royal Dutch Shell’s divestment of most of its 23 per cent stake in Woodside Petroleum last week surprised few in the business community.
Perth based hydrocarbon production firm Antares Energy has announced it intends to place 9.75 million convertible notes at an issue price of $2.00 per note to raise $19.5 million.
World oil prices have fallen as investors reassess a political crisis in Iraq that remains concerning but is yet to result in crude supply disruptions.
Coalspur Mines has announced a major strategic review, including the potential sale of its flagship Vista project in Canada, or sale of the company as a whole.
Australian Sandalwood producer TFS Corporation predicts it will generate exports of $1 billion over the next decade as its oil fetches $5,000 per kilogram overseas.
Perth innovation and design company Orbital Corporation has reached a settlement with AAI Corporation over a dispute relating to past contracts that resulted in AAI withholding payment on outstanding invoices.
Aquila Resources’ share price has stabilised at just below its $3.40 per share takeover offer, indicating the market is backing Baosteel and Aurizon to succeed with their $1.4 billion takeover.
Perth gold exploration firm Enterprise Metals has completed a capital raising of $1.2 million, which was achieved through the placement of 24 million shares valued at 5 cents per share.
National residential developer Stockland has added to its Western Australian portfolio, acquiring two parcels of land totalling 65.7 hectares in two transactions worth a combined $58.1 million.
Perth-based Safety Medical Products is focusing its activities back in the medical sphere, signing an agreement to acquire an unlisted 3D printing company six months after backing out of a deal to purchase a gold exploration project in Brazil.
The entry of two European energy companies into WA will help to bolster activity in the onshore oil and gas sector, which is set for a pick-up after a series of disappointments.
Welfare cuts due to come into effect next week are in limbo with the federal government conceding it has run out of time to pass the measures through parliament.