Queensland government owned power generator Stanwell Corporation Ltd has taken a 19.6 per cent stake in Blue Energy Ltd after buying a parcel of shares from CVC Ltd for nearly $35 million.
West Perth-based Straits Resources Ltd subsidiary, Straits Asia Resources Ltd, has posted a 264 per cent jump in net profit for the first half of 2008.
Business has asked for temporary tax relief and sought a bigger role for the Small Business Development Corporation as the key elements of an assistance package in the wake of the Varanus Island gas crisis.
Developers of the Gorgon gas project are looking to invest almost $1 billion on carbon capture and storage, which could reduce CO2 emissions by up to 40 per cent.
In halls of power around the world, some very worried politicians and public servants are beginning to realise that peak oil production is real and it is happening right now.
The federal government's Productivity Commission has released its evaluation of the financial performance of 86 government trading enterprises across Australia.
The Carpenter government has ordered a review into the security of the state's gas supplies following two major interruptions this year as gas begins to flow at Apache Energy Ltd's Varanus Island facility today.
Perth-based Carnegie Corporation had been issued a five-year exclusive licence to identify suitable areas for a wave energy facility off Albany's coastline.
Perth-based Coal of Africa Ltd has boosted its bank balance to more than $280 million following approval for an African investor group to increase its stake to 17.3 per cent.
The state president of the Australian Institute of Company Directors Fiona Harris and former senior manager of Western Mining Corporation Mike Donaldson have been appointed to Territory Resources Ltd's board.
Engineering company Neptune Marine Services Ltd has been awarded a $2.5 million contract from Dutch marine contractor Van Oord to provide services for the Blacktip gas field development in the Timor Sea.
West Perth-based ARC Energy has hit back at claims that it breached a confidentiality agreement after it received a writ from Oil Basins Ltd late last week.
Apache Energy Ltd delivered good news on the gas criris today when it said partial production from its Varanus Island gas plant will resume ahead of schedule but the Chamber of Commerce and Industry WA said the state is not "out of the woods".
Property developers in Western Australia are likely to face higher costs for water connections to projects in regional areas if changes to developer contributions, put to the state government by the Economic Regulation Authority, are adopted.
This week's landmark decision on the preferred developer for the Oakajee port project has reminded Western Australians that Japan still plays a very big role in the state's economy.
While much of the state's focus has been on the Varanus Island gas crisis, operator Apache Energy is forging ahead with its Devil Creek gas development project, which is open for environmental submissions from the public.