Oil & Gas

Seven Group up on WesTrac

Seven Group Holdings has lodged a big increase in earnings for the half-year, as improvements in the mining industry aided the strong performance of WesTrac.

NTC wins Wheatstone contract

Onslow-based NTC Contracting has been awarded a civil and earthworks contract for up to five years at the Chevron-operated Wheatstone LNG plant.

Scarborough tipped as next big LNG development

A tieback of the Scarborough field into the Pluto LNG plant could well be the next major energy development in Western Australia, after Woodside Petroleum announced a deal to increase its stake in the field.

Bhagwan makes CBD move

Marine services business Bhagwan Marine has opened its new head office on St Georges Terrace, after the company announced plans to shift from Geraldton in June last year.

EPA approval for Onslow marine base stage 2

A plan to expand the Onslow Marine Support Base has been given the tick of approval by the Environmental Protection Authority, three months after stage one of the project was completed.

AWE picks Mitsui from three suitors

Takeover target AWE has decided that an offer from Japanese firm Mitsui & Co is the best option among three suitors vying for control of the company.

Tap loses four directors

Tap Oil has announced the resignation of four of the company’s directors, including executive chairman James Menzies and Peter Mansell, with two nominations from major shareholder Risco Energy Investments appointed as replacements.

AWE calls for MinRes to match superior bid

Oil and gas producer AWE has given suitor Mineral Resources three business days to match a superior proposal lobbed by Mitsui & Co, after reaching an in-principle agreement with the Japanese firm.

Global taps investors for $6.7m

Global Energy Ventures has raised $6.7 million through a share placement, with the proceeds to be used on the development of the company’s compressed natural gas technology.

Gascoyne signs up EVOL

Wesfarmers subsidiary EVOL has won a long-term contract to supply LNG to the power station and the process plant at Gascoyne Resources’ Dalgaranga gold project in the Murchison region.

AWE soars on Mitsui offer

Shares in AWE jumped 16.5 per cent today after Japanese group Mitsui & Co became the third bidder for the oil and gas producer, which is the operator and half owner of the Waitsia gas field north of Perth.

Mitsui trumps rival AWE bidders

Japanese group Mitsui & Co. has announced a surprise $600 million takeover bid for AWE, trumping two existing bids for the oil and gas producer, with the main attraction being AWE’s Waitsia gas project north of Perth.

Chinese bid for AWE unchanged

AWE has urged shareholders to take no action on a takeover offer from the state-run energy giant China Energy Reserve and Chemical Group, which remains unchanged from its initial bid of 73 cents per share, after it lodged its bidder's statement.

ICON secures Woodside contract in Norwegian JV

West Perth-based ICON Engineering has teamed up with Norwegian company Neodrill to secure a subsea wellhead foundation contract at Woodside Petroleum's Ferrand exploration well in the Carnarvon Basin.

Dawson reveals review reasoning

Environment Minister Stephen Dawson has disclosed that the review he has requested into Chevron’s Wheatstone project was in response to the removal of abatement conditions by the previous government.

Po Valley in 3-way energy merger

Perth-based oil and gas explorer Po Valley Energy has agreed to sell its assets in northern Italy, including the Selva gas field, in a share purchase agreement worth about $21 million.

EPA to review Wheatstone emissions

Chevron said today it was disappointed with the state government's decision to commence a review of greenhouse gas emissions at the company's recently commissioned Wheatstone LNG project.

Po Valley soars on gas discovery

Shares in Perth-based oil and gas explorer Po Valley Energy have skyrocketed today after the company announced a discovery at its Selva gas field in northern Italy.

Nacap wins WA pipeline contract

Melbourne-based Nacap Australia has won the contract to build a 200-kilometre gas pipeline to Gold Road Resources' Gruyere project near Laverton, and is pursuing other significant projects in Western Australia.

Babylon to join ASX after $4.5m raising

James Cullen has emerged as the major shareholder at new listing Babylon Pump & Power, which is led by Michael Shelby, formerly general manager at Mr Cullen’s former company Resource Equipment.