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Energy

Carnegie in Garden Island microgrid grant

Perth-based renewable energy technology developer Carnegie Wave Energy has won a $2.5 million grant from the Australian Renewable Energy Agency for a wave and solar power microgrid it aims to develop on Garden Island.

AGL announces buy-back, earnings lift

AGL Energy has forecast a lift in underlying profit for the current financial year while also announcing a near $600 million share buy-back and a higher dividend payout as it benefits from strong electricity margins.

Bombora to farm-in to Perth Basin

Local petroleum executive John Begg is planning to list his recently formed private company, Bombora Natural Energy, after striking a deal to farm-in to UIL Energy's Perth Basin tenement.

Citation enters voluntary administration

Citation Resources has appointed KordaMentha as voluntary administrators, while the oil and gas company continues to pursue recovery of funds through a civil action against former director Peter Landau.

L'Estrange moves forward on fracking

The state government has acted on a key recommendation from a parliamentary inquiry into fracking delivered late last year, appointing a working group to review laws around land access.

Vanadium battery a WA first

Listed minerals group Australian Vanadium has installed its battery system in Western Australia via a subsidiary acting as a reseller of technology linked to its parent, in this case an alternative

Offshore employers wrestle with ongoing visa uncertainty

The resources sector continues to think about solutions to the growing burden of industrial relations laws.

Harris returns to Oil Search board

Fiona Harris has returned to the board of Oil Search about one year after stepping down from two major board positions because of health issues.

Origin taps insider to replace King as CEO

Origin Energy has elevated the head of its gas and power retail business, Frank Calabria, to chief executive, replacing veteran CEO Grant King.

WA solar farm to share in Arena funding

A proposed solar farm near Cervantes has been allocated $5.5 million worth of grants by Australia's federal renewable agency.

Buru clinches native title deal

Onshore oil producer Buru Energy has secured a native title agreement to further develop its Canning Basin gas resources, two years after its plans for a fracking program in the Kimberley caused a stir.

Perth team leads LNG exchange

A group of Perth executives led by lawyer Damien Criddle and former Woodside Petroleum director Rob Cole is due to launch the world's first trading platform for liquefied natural gas next month.

Woodside buys into BHP's Scarborough for $US400m

Energy giant Woodside Petroleum has entered into an agreement to buy half of BHP Billiton's stake in the Scarborough offshore gas fields in the Carnarvon Basin for up to $US400 million ($A528 million).

Alcoa, Alumina settle AWAC dispute

Alcoa of Australia and Alumina have settled a dispute over their Western Australia-focused joint venture, which will pave the way for Alcoa to proceed with a split of its global operations.

Power Ledger in NZ deal

Perth-based start up Power Ledger has secured its first commercial deal for usage of its blockchain electricity tracking technology with New Zealand network operator Vector.

Sun Brilliance shifts focus to 100MW solar array

A planned solar farm near Cunderdin will boost its capacity by 300 per cent due to its favourable economic potential, despite about a gigawatt of excess capacity available in the South West's electricity network

Browse still on the list for Woodside

Costs would need to come down a further 25 per cent to breakeven at around $US40 per barrel of oil for the Browse LNG project to proceed, according to Woodside Petroleum managing director Peter Coleman.

Pacific Energy grows profit

Power generation company Pacific Energy has posted solid results for the 2016 financial year, with further growth expected in the year to come.

MMA loss widens to $144m

Marine services company MMA Offshore's net loss has widened to $144 million on the back of a previously flagged impairment and reduced activity in the oil and gas sector.

Ausgrid call shows where trade power lies – for now

ANALYSIS: Balancing WA's trade needs with Australia's broader geopolitical and strategic interests is a challenge for leaders in this state.

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