Santos reaffirms guidance after steady Q2

Energy giant Santos has reaffirmed its full-year production and sales guidance after posting an eight per cent rise in quarterly production and a 25 per cent jump in sales volume.

Oil Search backs down from InterOil bid

Papua New Guinea-focused Oil Search has backed down from a bidding war with global energy giant ExxonMobil, choosing not to raise its near $3 billion bid for New York-listed explorer InterOil.

Low oil prices hit Woodside revenue

Woodside Petroleum's second quarter sales revenue and production have fallen due to lower oil prices and an earlier refurbishment at its North West Shelf gas facility.

Monadelphous in $140m of new contracts

A fuel supply system at Rio Tinto's Cape Lambert port and work on a loading jetty at Ichthys's Darwin LNG facilities are among $140 million of contracts recently won by Monadelphous.

Oil Search mulls revised bid for InterOil

Australian oil and gas producer Oil Search could find itself dragged into a bidding war over InterOil after a counter-bid by global energy giant ExxonMobil.

Nahan touts Horizon plans

Treasurer Mike Nahan has said encouraging private investment in the Pilbara electricity grid could reduce its excess capacity and also energy prices in the north west, at a Committee for Economic Development of Australia lunch today.

Woodside in $460m Senegal deal

Woodside Petroleum has agreed to buy ConocoPhillips' stake in three deepwater oil blocks off the coast of Senegal for $US350 million ($A460 million).

LNG exports up in June

Australia's enormous LNG investment boom is starting to pay trade dividends, with exports up 18.5 per cent in the month of June to 3.6 million tonnes, largely to Japan and South Korea.

Transerv, Norwest offtake deal

Transerv Energy will be upping its interest in the Perth Basin after it inked a farm-in and drilling agreement with Norwest Energy for the offshore Xanadu Prospect, and will buy a 4.7 per cent stake in the junior for $200,000.

Barnett unsure of Western Power sale

Premier Colin Barnett has softened his position on the proposed privatisation of Western Power, saying it could be used by Labor as a scare campaign in the state election next year.

Valmec halts dividend payments

Shares in engineering and construction business Valmec surged after the company announced plans to suspend dividend payments to preserve capital for its expansion plans.

Rival emerges to Oil Search's InterOil bid

Oil Search's attempt to consolidate its holdings in gas-rich Papua New Guinea could be delayed after a rival bid emerged to its near $3 billion bid for New York-listed InterOil.

Gas leak at Chevron's Gorgon

Chevron evacuated workers from its Gorgon project on Barrow Island this morning due to a gas leak.

Return cut in DBP decision

Dampier to Bunbury Natural Gas Pipeline owner-operator DBP says pricing for the gas transmission line set by the Economic Regulation Authority today won't be enough to earn a rate of return suitable for prevailing market conditions.

Australis launches $30m IPO

Subiaco-based Australis Oil & Gas has lodged its prospectus for a $30 million initial public offering, with plans to list on the ASX within a month.

Woodside to develop $2.6bn Greater Enfield

Energy giant Woodside Petroleum will proceed with development of its $US1.9 billion ($A2.6 billion) Greater Enfield oil project in the Carnarvon Basin.

Wooles takes Imdex chair

Drilling services company Imdex has continued to refresh its board, with corporate adviser and company director Anthony Wooles recruited to replace long-serving chairman Ross Kelly.

Western Power closer to national regulation

Legislation to enable regulation of Western Power to transition from WA's Economic Regulation Authority to the independent national energy regulator has been introduced to state parliament.

ECM partners with Enerji

Diversified construction and maintenance group EC&M has emerged as the private company that has entered into a partnership agreement with energy technology company Enerji.

Marine strategy to launch

A panel of industry, government, science and communty members will today release its two year marine science implementation strategy, aiming to make the state a global hub in the discipline and to encourage collaboration between industries such as offshore energy and fisheries.