Inflation, rates, oil fears savage market; Foster's $770m hit as CEO walks; Chinese funds cleared to buy in Australia; Ore giants urged to back rail rule or risk break-up; Gas insurers could hold the key to Burrup's $2.5b float
The Varanus Island gas plant explosion is having a big impact on the WA economy with 14 per cent of the respondents to an industry survey saying they will have to shut down, while 64 per cent expect a production decline.
Aspiring power generation company Aviva Corporation and ARC Energy have agreed to partner up to study the potential for sequestration of carbon dioxide in depleted oil and gas reservoirs in the North Perth Basin.
The state's current gas crisis is proving to be a boon for West Perth-based biodiesel company Australian Renewable Fuels Ltd, which today received a purchase order for the immediate supply of 500,000 litres of biodiesel.
Perth-based engineering company Neptune Marine Services Ltd's subsidiary, Tri-Surv Geomatics, has been awarded an offshore hydrographic survey contract worth more than $8 million.
Minara Resources Ltd today confirmed that it has secured temporary gas supply and delivery arrangements for its Murrin Murrin operation following the fire which has disrupted gas supply from Apache Energy's Varanus facility.
WA grapples with energy shortfall; Burrup float in jeopardy; Investment banks' fees fall 27pc; Ship costs jump lifts BHP, Rio case; Bankrupted, but Cumins vows one last tax appeal
The Carpenter government's newly formed energy working group will be seeking more details tonight on the impact of the state's gas crisis on local industries, as it continues to develop its contigency plans.
Burrup float faces delay over gas shortage; Smiles for Walker as Metex takes off; Fortescue seals China link with new board; Investors warned of oil spike dangers; Macquarie's investment fund loses $750m
The Australian Competition and Consumer Commission will begin its review of BHP Billiton Ltd's proposed $200 billion acquisition of Rio Tinto Ltd after paperwork for the takeover was filed today.
Perth oil and gas explorer Nuenco NL has executed a gas sales agreement for all production from the Southeast Lost Hills projects with a major Californian oil and gas company.
West Perth-based Lion Energy Ltd, a wholly owned subsidiary of Lion International Investments Ltd, has entered into a share purchase agreement to acquire 20.7 million ordinary shares in Papua Petroleum Ltd.
As concern grows about the impact of Tuesday's explosion at the Varanus Island gas plant the spectre of the 1998 Longford gas explosion in Victoria looms, notably in terms of economic cost.
Belmont-based mineral exploration company Richmond Mining Ltd expects to list on the stock market next week after its initial public offer closed oversubscribed.
US-based company Apache Energy Ltd said it will have a clearer picture over the coming days of the extent of the damage and the impact on gas supplies caused by an explosion at its Varanus Island gas plant.
Global steel company ArcelorMittal will increase its stake in Perth-based coal producer Coal of Africa Ltd beyond 15 per cent following approval from the Foreign Investment Review Board.
Subiaco-based Brockman Resources Ltd is targeting first ore production in late 2009 as it embarks on a hefty capital raising to accelerate development of its flagship Marillana iron ore project.
Midwest investor swing to Sinosteel; Rudd to drive Asian union; Opes director recanted fraud claim; Burrup eyes early shutdown as gas dwindles; Upgrade by Ausdrill fails to impress
The market may be tired of hearing about Andrew Forrest's ever-growing paper fortune, but the continuing rise of Fortescue Metals Group Ltd is astounding.
