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Energy

Samson to sell New Mexico asset

Perth-based Samson Oil and Gas announced today that it had entered into a purchase and sale agreement with a US-based energy company in respect of its State GC assets in New Mexico.

Zenith to pursue renewable power for resources

Shares in Zenith Energy were up 10 per cent to 55 cents after the remote generation operator listed on the ASX today, with the company planning to use the $25 million it raised to move into renewables and microgrid technology.

Monadelphous secures major Inpex contract

Engineering company Monadelphous Group has been awarded a contract to provide offshore maintenance services to the Ichthys LNG project by oil and gas company INPEX.

SCEE awarded $40m of new contracts

Southern Cross Electrical Engineering, through its KSJV joint venture with energy service provider Kentech, has received over $30 million of additional orders under a subcontract with Bechtel.

Industry group backs private sector on renewables

The WA Independent Power Association has called for the state government to block a plan by public generator Synergy to set up a new renewable energy fund, while supporting a move to reduce Synergy’s capacity.

Woodside bullish on Browse

Woodside Petroleum managing director Peter Coleman has sketched out plans to convert the two LNG plants on the Burrup Peninsula into an integrated processing hub that would take gas from the Browse Basin and other undeveloped fields off the Western Australian coast.

LNG scores small win for Magnolia

West Perth-based Liquefied Natural Gas has scored a tick from a US regulator for initial site work at its Magnolia project in Louisiana, although a final investment decision won't be made until it has finalised offtake partners.

Tobin has big growth plans after Terrex, Aravina deals

Perth entrepreneur Steve Tobin is gearing up for an expansion of oil and gas and minerals exploration in Australia, after selling a majority stake in Terrex Seismic to a private equity group to fund the acquisition of what he believes is a breakthrough technology.

Dodging a bullet on slow road to recovery

ANALYSIS: With abundant supplies of energy and the raw materials growing Asian economies need, WA is set to ride out the economic headwinds facing the eastern states.

Azonto plans $24m Canadian farm-in

Junior explorler Azonto Petroleum has announced plans to farm-in to an oil and gas project in Canada through the acquisition of one of the project’s joint venture partners, which is owned by Perth executive Alan Stein.

Miners told to lift local support

Premier Mark McGowan has gently chided the mining and energy sector, saying it needs to lift support for local manufacturing, apprentice training and local employment.

Chevron loses $340m tax appeal

Chevron Australia has lost its appeal of a 2015 Federal Court ruling regarding the company’s financial and taxation relationship with its US parent, although the company has not ruled out a High Court appeal.

Zeta emerges with Bombora takeover plans

Two days after Magnum Gas & Power ended plans to acquire private company Bombora Natural Energy, Perth-based Zeta Petroleum has revealed its own merger plans with the target.

CKI’s $7.5bn Duet bid approved

A Chinese consortium is set to take control of the Dampier to Bunbury gas pipeline and several power stations across WA after regulators and shareholders today approved the $7.5 billion takeover of listed company DUET Group.

Carnegie raising grows to $18m

Carnegie Clean Energy has tripled the size of its capital raising to $18 million after accepting oversubscriptions from a share purchase plan and undertaking an additional placement.

Woodside continues Pluto expansion pursuit

Woodside Petroleum has engaged contractors to develop concept options for an expansion of the Pluto LNG facility for consideration as early as mid-year, while reporting an 11 per cent drop in March quarter revenue on the back of adverse weather and inventory build up.

Magnum, Bombora end acquisition plans

Plans by private company Bombora Natural Energy to join the ASX through the acquisition by Magnum Gas & Power have fallen through after the deal was terminated by mutual agreement.

Court rejects power station claim

The Japanese owners of the Bluewaters Power Station near Collie face the prospect of substantial payments to the energy market operator, after an incident that has put one of its generating units out of service for up to six months.

Stochastic to be sold by receivers

Oil and gas software developer Stochastic Simulation is expected to be put up for sale, two weeks after it was put into receivership. 

Transerv buys into Canadian gas operation

Oil and gas explorer Transerv Energy is back looking for opportunities overseas after failing to achieve commercial success in Australia, announcing today a $4.9 million farm-in agreement over a producing operation in Canada.

Gas demand a blue sky opportunity for Woodside

Offshore oil & gas: Woodside Petroleum’s February launch of a new supply ship that can use liquefied natural gas as a fuel is an early move in what could be a larger focus on driving new market demand.

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