Oil & Gas

Oilex in Cooper Basin sale talks

Oilex has signed a binding agreement with ASX-listed Armour Energy for the sale of its interests in the Cooper-Eromanga Basin in Queensland.

Horizon signs Shell for gas supply

Perth-based Horizon Power is purchasing gas from Shell to use in some of its power systems across regional Australia under a two-year supply agreement.

Hazer, Water Corp partner on hydrogen project

Water Corporation will supply Perth-based technology business Hazer Group with biogas from its wastewater treatment plant at Woodman Point, following an agreement signed between the two parties.

Warrego Energy to raise $15m

Warrego Energy has received commitments to raise $15 million from a two-tranche share placement, with the proceeds to go towards drilling at its West Erregulla development in the Perth Basin.

Hitting the road on hydrogen

The team behind a planned green hydrogen project to be built near Dongara are hoping to raise $1 billion by the end of the year, while BP is undertaking feasibility on a plant close to Geraldton, less than an hour’s drive north.

Strike Energy moves ahead with West Erregulla

Strike Energy has partnered with the Australian Gas Infrastructure Group (AGIG) to build and operate one of the largest onshore gas facilities in Western Australia in a deal worth more than $200 million.

Push for gas reignites energy debate

The possibility of gas playing a key part in Australia's economic recovery after the coronavirus has reignited debate about the energy source's credentials.

GR Engineering wins $32m contract

GR Engineering Services has received a contract extension from the federal government for operations and maintenance services at the Northern Endeavour Floating Production Storage and Offtake (FPSO) vessel in the Timor Sea.

LNGL sells Magnolia assets for $3.5m

Perth-founded Liquefied Natural Gas Ltd is selling its Magnolia offshore LNG asset to a privately held UK company for $US2.25 million ($3.5 million), with the sale also including entities behind the project.

BP gets boost for hydrogen plant

The Australian Renewable Energy Agency (ARENA) has made its latest contribution to the national hydrogen industry with $1.71 million of funding to BP Australia to progress a feasibility study for its proposed renewable hydrogen and ammonia plant in Geraldton.

Jupiter points finger for share spike

Shares in oil junior Jupiter Energy halved today after the company blamed day traders and social media activity for a 100-fold lift in its share price in late April, during which its chairman sold all his stock.

High hopes for hydrogen

Potential for a hydrogen industry in WA has been ignited in 2020, with at least 12 feasibility studies under way, while the federal government has announced $300 million to support the industry.

Woodside is prepared, Goyder says

Woodside Petroleum’s balance sheet will be in good shape to weather the COVID-19 crisis, chairman Richard Goyder said today, while continuing his calls for the economy to be reopened.

Vella elected CME president

Rio Tinto’s Ivan Vella has been elected Chamber of Minerals and Energy of Western Australia’s new president, replacing Edgar Basto.

Jupiter chief sells after big price surge

Jupiter Energy chief executive Geoff Gander sold all of his stock in the West Perth-based, Kazakhstan-focussed oil junior last week after a surprise 70-fold surge in the company’s share price.

ASX intervenes after blowout in junior's oil shares

Shares in a West Perth-based oil producer with operations in Kazakhstan have increased 70-fold this week, despite the company shutting down production and the collapse in global oil markets, leading to an ASX intervention.

$167bn resources sales in 2019

Iron ore exports nearly hit $100 billion in 2019 according to the latest state government data, while sales of gold and LNG reached new highs.

TechnipFMC wins Woodside work

Woodside Petroleum has chosen London-based contractor TechnipFMC to develop the Lambert Deep and Greater Western Flank 3 project, in a contract worth up to $US250 million.

Unprecedented oil prices show gravity of shock

A historic overnight collapse in oil markets has not significantly shaken bigger ASX-listed energy producers today, but it does foreshadow continuing uncertainty for one of Western Australia’s largest export industries.

EPA releases greenhouse gas emissions guidance

The Environmental Protection Authority has released its greenhouse gas guidance which maintains its goal of net zero emissions by 2050 but will be flexible in how it is applied, after receiving feedback on a draft it released in December.

Price pain to hit LNG exports

National LNG export revenue could fall by as much as 40 per cent in 2021 because of a collapse in the oil price, and the industry is unlikely to emerge as Australia’s saving grace as it did during the Global Financial Crisis.