Oil & Gas

88 Energy to raise $5m

88 Energy has received commitments to raise $5 million through a share placement to fund the evaluation of the company’s assets in Alaska, including the Charlie-1 appraisal well.

Climate protesters disrupt Fringe launch

The official launch of Fringe World Festival on Thursday night was interrupted by local artists protesting the festival’s partnership with Woodside Petroleum.

Julimar next in Woodside plan

Drilling on phase two of the Julimar-Brunello gas development will begin this quarter as part of a US$4 billion ($5.8 billion) capital expenditure drive by Woodside Petroleum in 2020.

Gas concerns delay $1bn major project

Businesses are facing a challenge locking in gas contracts for major projects in Western Australia, including Coogee's planned $1 billion Burrup Peninsula methanol plant, which the company is now pursuing without partner Wesfarmers.

Woodside to begin Sangomar development

Woodside Petroleum is set to begin drilling for oil off the coast of Senegal, executing key contracts to begin the first phase of its $US4.2 billion ($6 billion) Sangomar project.

Green light for Bechtel Pluto camp

A $180 million project to house up to 2,500 fly-in, fly-out workers for the expansion of Woodside Petroleum's Pluto LNG plant was approved by the local joint development assessment panel in December.

Chevron makes Australian service station comeback

Chevron is returning to Australia’s fuel retailing market, through the acquisition of Puma Energy’s network of petrol stations and retail stores in a deal worth $425 million.

Developments needed for domgas demand

Chevron and Newcrest have signed a supply deal for 16 petajoules of domestic gas until 2023, while a new analysis of the state’s gas market says the Scarborough and Browse developments are necessary to ensure sufficient supply.

EPA revises greenhouse gas policy

The Environmental Protection Authority has released a new draft greenhouse gas emissions guideline, which substantially softens the initial draft guideline announced earlier this year.

Santos moves towards $2.2bn Dorado development

Developing the Dorado oil project will cost up to $2.2 billion, with front-end engineering and design to start next year, Santos revealed today, while forecasting $60 million of investment in Western Australia in 2020.

WA resources projects to save $23m a year

The Chamber of Minerals and Energy of WA (CME) has welcomed the federal government’s plan to deliver new deregulation measures for Australian businesses, saying it could save Western Australian resources projects more than $23 million each year.

BHP, Woodside in Scarborough deal

A price has been set for processing Scarborough field gas at the Pluto LNG facility, Woodside Petroleum and BHP announced today, the second boost for the $15 billion project in recent weeks.

Civmec, AusGroup report patchy results

WA-based construction contractors Civmec and Ausgroup have both reported a dip in quarterly profits as they gear up for an increase in maintenance work and new projects.

Battle lines drawn over LNG plans

The Scarborough gasfields appear set to be at the heart of a development versus environment showdown that will have major political implications.

AGIG awarded Woodside pipeline project

Australian Gas Infrastructure Group has been awarded a contract by Woodside Petroleum to build a gas pipeline connecting the Pluto LNG plant with the North West Shelf venture's nearby Karratha gas plant.

Woodside expands Scarborough gas resource

Woodside Petroleum said today its Scarborough gas project had a strengthened case for development after the company raised its reserves estimate by 52 per cent.

Safety, efficiency seal Roborigger sweep

A focus on safety and efficiency has helped Tensa Equipment spin-off Roborigger win an unprecedented three of four sponsored platinum awards at this year’s Innovator of the Year ceremony, including the Business News ‘Great for the State’ award.

Wesfarmers to upgrade LNG plant

Wesfarmers subsidiary Evol LNG has announced plans to upgrade its liquefied natural gas plant in Kwinana to increase production capacity by 40 per cent.

Strike Energy confirms $35m raising

Oil and gas explorer Strike Energy announced today it has raised $30 million through a share placement and is seeking an additional $5 million through a share purchase plan, primarily to fund the company’s exploration and appraisal programs in the Perth Basin.

Modec wins key Barossa work

Modec International has been selected to build a floating production platform for the Barossa gas project, beating a consortium of Technip and Samsung, with gas to be piped to backfill the Darwin LNG plant.

Matrix in sale-leaseback deal with APiL worth $20m

Matrix Composites & Engineering announced it has signed a contract with Australasian Property Investments for the sale and leaseback of its Henderson facility.