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Energy

Exports grow as Chevron, Roy Hill ramp-up

SPECIAL REPORT: Roy Hill Holdings and Chevon have joined the likes of Rio Tinto, BHP, Woodside and CBH Group in an updated ranking of WA’s largest exporters in the BNiQ Search Engine.

Carnegie recruits Stinson as chairman

Former Orbital Corporation boss Terry Stinson will join the board of Carnegie Wave Energy next month and succeed Jeff Harding as chairman, while Mark Woodall will also join the board of the renewables company.

Miners turn on power opportunities

More mining projects on the horizon and a move towards outsourcing generation is creating work for power contractors.

Cole appointed Synergy chair

Outgoing Synergy chairman Lyndon Rowe said today he was disappointed he could not continue at the energy utility after the state government announced oil and gas executive Rob Cole would take the role.

Carnegie signs funding deal with Asymmetric

Carnegie Clean Energy has secured a $7.5 million debt facility with a Cottesloe-based investment group to assist with development of a 10-megawatt solar power station in Northam.

Wheatstone begins producing LNG

The joint venture partners of the Wheatstone LNG facility near Onslow have hailed first production, with the first of two gas processing trains coming online today.

$31m for Albany wave farm

Carnegie Clean Energy has secured $16 million of state government funding for a wave energy project at Albany while also gaining conditional approval from the federal government to transfer nearly $12 million earmarked for its Garden Island project to Albany.

Chevron, Woodside buy offshore blocks

Energy giants Chevron Australia and Woodside Petroleum have jointly acquired three exploration tenements offshore Western Australia from the government for an undisclosed sum.

Resources sales up, investment down in WA

The state’s resources industry achieved higher sales in the 2017 financial year at $105 billion, but investment in the sector has fallen to $22 billion according to new data.

Empire Oil & Gas into administration

Local energy producer Empire Oil & Gas has entered voluntary administration today, two weeks after receivers took control of subsidiary Empire Oil, which operates the company’s key Perth Basin assets.

Utilities face financial flux

Across the state’s major government-owned utilities, more money goes in through subsidies than out through dividends, according to the latest batch of annual reports.

Civmec wins work on NT pipeline

Henderson-based Civmec has been awarded contracts for work on the Jemena northern gas pipeline in the Northern Territory, which will employ 160 people at its peak.

GCS sells hire business

Global Construction Services has entered into an agreement for the sale of its equipment hire division to Onsite Rental Group for an undisclosed sum.

Monadelphous wins $220m in new work

Perth-based Monadelphous Group has won a suite of new contracts and extensions for maintenance and construction work around Australia and internationally, to the tune of $220 million.

Stochastic into liquidation

Oil and gas software developer Stochastic Simulation has gone into liquidation, about five months after it went into receivership, with secured creditors likely to receive about 4 cents in the dollar in a best-case scenario.

Shares jump on Xanadu result

Shares in three local energy companies have surged today after hitting hydrocarbons while drilling the Xanadu-1 offshore prospect in the Perth Basin, with Triangle Energy leading the charge, up nearly 60 per cent.

Horizon beats subsidy cut target

State-owned regional power provider Horizon Power has recorded a $35.4 million net profit for the year to June, while hitting its targeted reduction of government subsidies more than a year ahead of time.

Synergy loss as gas, power sales fall

State-owned power generator and retailer Synergy has recorded a loss of $12.6 million for the 2017 financial year on the back of lower sales revenue and a large impairment due to the early closure of its generation capacity.

Pancontinental in $US7.7m Namibian deal

Shares in West Perth-based energy hopeful Pancontinental Oil & Gas were up 33 per cent today after the company sold part of its stake in a Namibian offshore exploration licence to Africa Energy for $US7.7 million ($9.6 million).

Empire production assets under receivership

Updated: Empire Oil & Gas has appointed voluntary administrators to its wholly-owned Empire Oil subsidiary, which controls its core Red Gully assets.

Contract Power to build, run, Pilgangoora power

Contract Power Group has won a contract to build, own and operate a power station at Pilbara Minerals’ Pilgangoora lithium project for at least seven years, while former Fortescue Metals Group delivery manager Dale Henderson has taken over as Pilbara’s project director.

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