Perth oil and gas explorer Rey Resources has agreed to farm into the Dunnart-2 exploration well joint venture in the Perth Basin with Key Petroleum and Caracal Exploration.
Engineering contractor Thiess has been awarded a $330 million contract to construct the process plant facilities for the Roy Hill iron ore mine in the Pilbara (with updated list of 36 major engineering construction contracts awarded in past year).
Programmed managing director Chris Sutherland says the group's annual results show the benefits of its diversification, with its government and property contracts largely offsetting a decline in resource sector work.
Mines and Petroleum Minister Bill Marmion has flagged new industry safety guidelines in the wake of five mining fatalities in Western Australia in nine months.
The resources sector will struggle to find enough skilled workers to drive production on the LNG plants expected to come on-stream in the next few years.
The accommodation squeeze in the north-west appears to be over with at least one Pilbara hotel shutting temporarily amid industry claims construction camps close to major population centres are competing with traditional hospitality providers.
The enormous gas supply deal Russia recently struck with China reduces Australia’s advantage as a major liquefied natural gas exporter, according to Australian advisory firm EnergyQuest.
Perth-based potash exploration company Reward Minerals has been served a $33,000 penalty by the Australian Securities and Investments Commission and has complied with the infringement notice.
The Gina Rinehart-backed Sun Resources has purchased a stake in oil and gas leases in the prospective Eagle Ford and Austin Chalk shale formations in the American state of Texas.
Shares in Subiaco-based explorer Resource and Investment have closed higher on the back of strong drilling results at the company's Grosvenor copper-gold project in the Bryah Basin.
Engineering and consulting services company Logicamms has signed contracts with Samsung C&T Corporation, Chevron Australia and Oil Search for a combined contract value of about $15 million.
Engineering contractor Sedgman says it expects to post a full-year net loss because it is unlikely to complete the sale of surplus assets in time to bolster its results.
Eric Streitberg has taken charge of Buru Energy after chairman Graham Riley resigned, on the same day that shareholders delivered a massive protest vote at the company’s annual meeting.
Engineering contractor Lycopodium has slashed its full-year net profit forecast and announced a raft of redundancies as it battles to combat strong headwinds in the mining services sector.
Gold miner Regis Resources has taken a hit on the ASX after it announced significantly lower production forecasts on the back of flooding at two of its mines.
Subiaco-based explorer TNG has flagged a potential financing and construction deal with South Korean steel giant POSCO for its Mount Peake vanadium project.
