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Energy

Antares boosts stake in Kenedy Ranch project

West Perth-based hydrocarbon exploration company Antares Energy Ltd has boosted its stake in the Kenedy Ranch project from five per cent to 60 per cent the company has announced.

Iron ore's $272m spend rivals gold

While the gold sector in Western Australia has long led the way in exploration spending, iron ore exploration expenditure has jumped significantly in recent years to be to almost level pegging.

'Do nothing' plan a winner

There’s a new kid on the business block, and he’s doing very well thanks to a secret management technique called ‘do nothing’.While not found in any textbooks, ‘do nothing’ is a management method that

Plantation IPO on hold

Nedlands-based wood pellet manufacturer Plantation Energy has deferred its initial public offering ahead of construction of its Albany wood pellet facility, opting instead to raise up to $24 million through private equity.

Managing long-term water needs

Should the state’s key water utility be broken up like the old Western Power was?

MEC signs JV deal with Chinese firm for production, exploration

North Perth-based development fund MEC Resources Ltd will establish a joint venture company with well-bore technical services firm China National Logging Corporation, to provide production and exploration services to MEC investee Advent Energy Ltd.

Tap Oil signs $135m gas sales deal with WA customer

West Perth-based Tap Oil Ltd has entered into a gas sales agreement with a Western Australian customer for over five years, which it expects will generate $135 million in revenue.

Jupiter spends around $9m in Kazakh oil rights buy

West Perth-based Jupiter Energy Ltd will pay Zher Munai & K LLP around $6.7 million and issue shares worth a further $2.3 million for sub surface rights on an oil permit in the Mangistau Basin in South West Kazakhstan.

Monadelphous secures $140m in projects

Applecross-based engineering company Monadelphous Group Ltd has secured new minerals and oil and gas projects worth a total of $140 million, the company has announced.

Wasabi takes 20% stake in Aqua Guardian ahead of IPO

West Perth-based energy company Wasabi Energy Ltd has taken a 20 per cent stake in Melbourne-based evaporative water loss-prevention company Aqua Guardian Group Ltd for $500,000, ahead of its planned listing on the Australian Securities Exchange.

CityView wins right to buy oilfield stakeholder

Perth-based CityView Corporation Ltd has acquired the right to purchase 100 per cent of Petro Energy Africa Ltd, a move that would give it operational control of the North Matanda oil project in Cameroon.

Close but no cigar for Libs

Several years ago, nearly all of State Scene’s left and right-of-centre political pals and contacts suddenly began using the term ‘urban legend’.

Clough building a test for CBD market

Commercial property investor Hossean Pourzand may break some sales records before the year is out, with the Clough building at 251 St Georges Terrace expected to generate strong interest from investors and developers.

Mining services a major contributor

When geologists around the world start planning new mine developments, there is a good chance the software used will have been written in Perth by a company such as Gemcom or Micromine.

Tenix makes third WA purchase

SYDNEY-BASED Tenix Alliance has bought the electricity construction and maintenance business of Bibra Lake firm, Bremner Power Systems Pty Ltd.

Swick develops plans for Brazil drilling business

One year after helping to float the family company, Swick Mining Services Ltd (SMS), on the Australian Securities Exchange, Randal Swick is planning to establish a new drilling business in Brazil.

Planning for the next phase

As we prepare to enter year six of the greatest resources boom Australia has experienced there’s a hunt under way for the next mining and oil investment theme to maintain the momentum.

Dominant performance by big three

Western Australia has become unusually dependent on three giant resource sector producers, which account for more than half of the state’s entire exports.

State delivers $2.3bn surplus

The state government has posted another record surplus, eclipsing its previous record figure by almost 2 per cent to reach $2.3 billion for the 2006-07 financial year.

Nickel production drops, prices soar

Western Australia’s nickel exporters, led by BHP Billiton and Minara Resources, had a bumper year in 2006-07 despite lower production, with record nickel prices achieved.

Minerals, petroleum drive rampant growth

Western Australia’s massive minerals and petroleum sectors dominate the state’s export commodity profile, with just one commodity in the top 10, wheat, from outside the resources industry.

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