It has the potential to become one of the great ironies of WA's unfolding LNG boom - hot rocks powering the Pilbara as it comes to grips with runaway oil and gas development.
WESTERN Australia has entered a new era of oil and gas-led development that will underpin the state's economic growth for decades, according to the head of the $43 billion Gorgon LNG project at Barrow Island.
FIXING state generator Verve Energy must not be done at the expense of electricity retailer Synergy's ability to underwrite new third party generation, the state government has been warned.
Fresh from approving the massive Gorgon gas development, US energy giant Chevron said today that adding two more LNG production trains on environmentally sensitive Barrow Island remained part of the company's long term vision.
Development of BHP Billiton's $1 billion Macedon domestic gas project off Exmouth has moved closer, following the formal start of front end engineering and design work.
Electricity sector expert Peter Oates has recommended a string of changes to electricity market rules and the contracts between generator Verve Energy and retailer Synergy to stem Verve's ongoing financial weakness and encourage investment in the sector.
After a rollercoaster 12 months, the iron ore industry is again showing signs of the rapid growth that made it the powerhouse of the state’s economy before the global financial meltdown.
DESPITE the resilience of the Western Australian resources sector, underpinned by the imminent boom in LNG development, the past 12 months have been particularly difficult for many companies.
AFTER decades in the doldrums under the weight of political obstacles, Western Australia's nascent uranium sector is poised to become a significant player on the world stage.
ON top of the $93 billion in major resources projects under way, a number of spin-off developments are planned to take advantage of the long-term growth in Western Australia's resources sector.
The much anticipated review of state electricity generator Verve Energy, prepared by former Western Power executive Peter Oates, will be tabled in parliament by Energy Minister Peter Collier this afternoon.
LOCAL industry is demanding a say on the state government's next move on energy policy, after it finally scrapped unwelcome plans to merge electricity generator Verve with retailer Synergy.
OIL and gas contracting specialist Clough remains in the running for a $200 million contract for the offshore production facilities at Apache Energy's Reindeer gas field following John Holland Group's successful tender for onshore plant construction.
Shares in Perth-based engineering group Forge Group soared over 13 per cent today, after it smashed its full year earnings forecast to book a net profit of $15.6 million for the financial year, a 100 per cent increase on its 2008 result.
NOBODY should be too concerned about the differences between partners in the $30 billion Browse LNG project over how the venture should be developed, according to Woodside Petroleum chief executive Don Voelte.
