Oil & Gas

Woodside invests in Perth company for autonomous subs

Woodside Petroleum will invest in Subiaco-based Blue Ocean Monitoring to create autonomous mini-submarines in a bid to make gathering seismic data from the ocean floor cheaper and safer.

88 Energy to raise $6.75m

Alaska-focused oil and gas explorer 88 Energy, formerly Tangiers Petroleum, has announced it will raise $6.75 million through a share placement to fund operations at its flagship Project Icewine venture.

Valmec, WestStar boost order books

Perth-based energy services group Valmec says it expects continued revenue and earnings growth after securing $43 million worth of contracts.

BP moves goalposts for LNG

Alaska is a long way from Western Australia, but what’s just happened in the oil industry there could have a significant effect on plans to expand this state’s liquefied natural gas industry.

Woodside to reduce stake in Scarborough

Woodside Petroleum expects to reduce its stakes in Australia's Scarborough gas field and Canada's Kitimat liquefied natural gas project, which would help it reduce its capital expenditure, its chief executive told Reuters.

WA strikes record domgas production

Western Australia’s domestic gas production for the three months to June was a quarterly record, leaving the state experiencing a surplus of gas while east coast production fell again.

Fracking ban lifted for existing titles

The state government has lifted a ban on fracking on existing petroleum titles, in a move planned since last year that protects all but 2 per cent of Western Australia from the contentious practice.

Gas well focuses attention on Perth basin

Flow tests from the deepest well ever drilled in Australia are expected within days, but it has already refocused attention on the oil and gas industry in the Perth basin.

Valmec shines, but Lycopodium falters

Two local engineering services firms have reported contrasting full-year results today, with Valmec announcing record underlying earnings while profit at Lycopodium fell 9.8 per cent.

2050 net zero carbon target for WA

Western Australia will be carbon neutral by 2050 under an aspirational policy announced by the state government today, although it is not yet clear what mechanism will be used to achieve the goal.

Strike, Warrego shares soar on Perth Basin find

Strike Energy shares have surged 90 per cent and Warrego Energy’s by 68 per cent after the joint venture partners announced a significant gas discovery as part of the West Erregulla-2 drilling campaign in the Perth Basin.

First oil at Woodside's Greater Enfield

Woodside Petroleum and Mitsui & Co have started producing oil from the $US1.9 billion Greater Enfield project off Western Australia.

Woodside eyes Vietnamese market

Australian energy giant Woodside Petroleum could be exporting liquefied natural gas to Vietnam as early as 2021.

Woodside setting up balance sheet for big build

A move to reactivate a dividend reinvestment plan and a $US 1.5 billion debt deal should be read as a sign Woodside Petroleum is confident that its Browse and Scarborough projects are moving forward, chief executive Peter Coleman said.

Green impact facing major projects

SPECIAL REPORT: Business News spoke to green advocates to explore how the petroleum industry might find common cause with the environmental movement, as pressure builds on billions of dollars of projects.

Domgas needs big developments

SPECIAL REPORT: Four prospective domestic gas projects will be key to ensuring adequate supply in WA in the next decade, despite new facilities recently starting up.

Unions ready for offshore fight

SPECIAL REPORT: An alliance between two big unions will put pressure on oil and gas contractors at a time when many enterprise agreements reach their expiry and a big projects are set to get under way.

Handley wins BP laser contract

Handley Surveys has entered into a three-year agreement with BP to supply its 3D laser scanning services in Western Australia.

Gorgon carbon capture online

The $2 billion carbon capture and storage facility at Chevron’s Gorgon LNG plant has entered operation, more than three years after first gas was shipped from Barrow Island.

Boskalis wins Scarborough contract

Woodside Petroleum has awarded a contract to Netherlands-based Boskalis to undertake seabed intervention and shore crossing works for the proposed Scarborough export gas pipeline.

Babylon acquires Qld outfit

Resources services provider Babylon Pump & Power has entered into a conditional agreement to acquire diesel engine specialist Primepower Queensland for up to $4.2 million.