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Oil & Gas

Oil dips 8% despite talk of output cut

AAP AAP
26 Nov 2018

Oil prices have slumped up to nearly eight per cent to the lowest in more than a year, posting the seventh consecutive weekly loss, amid intensifying fears of a supply glut even as major producers consider cutting output.

BHP Group

Solid grounds for optimism on exports

Tim Treadgold Tim Treadgold
23 Nov 2018

ANNIVERSARY SPECIAL: Via a mix of good fortune and planning, WA has positioned itself as supplier to the fast-growing economies of Asia rather than a competitor. This article is part of a special series to mark Business News' 25-year anniversary.

Oil prices fall on rising US inventories

AAP AAP
23 Nov 2018

Oil prices dipped overnight after US inventories swelled to their highest level since December adding to concerns about a global crude glut but OPEC talk of an output cut limited losses.

Wesfarmers

Continuity, diversity drive success

Mark Beyer Mark Beyer
22 Nov 2018

ANNIVERSARY SPECIAL: The ranks of WA’s largest public companies have changed dramatically over the past two decades, but Wesfarmers has been a constant near the top. This article is part of a special series to mark Business News' 25-year anniversary.

Oil rebounds but glut worries persist

AAP AAP
22 Nov 2018

Oil prices rose about $US1 a barrel a barrel overnight, bouncing from the lowest levels in months, after US government data showed strong demand for refined fuel, but concerns remained over rising global crude supply.

Perdaman Industries

SNC-Lavalin wins Perdaman contract

Mark Beyer Mark Beyer
21 Nov 2018

Vikas Rambal’s Perdaman Industries has signed up Canadian engineering company SNC Lavalin as lead contractor on its $4 billion Karratha urea project, one day after announcing a gas supply deal with Woodside Petroleum.

Construction Contractors Association of WA

WA construction work on the rise

Tayler Neale Tayler Neale
21 Nov 2018

A new report shows construction work in Western Australia has increased for the first time in five years, while warning that local industry must future-proof itself from capacity and capability risks.

Woodside Petroleum

Message from Woodside CEO Peter Coleman

Peter Coleman
21 Nov 2018

The expansion plans that Woodside has announced this year will make a major contribution to Western Australia’s economic and energy security for decades to come.

Oil slumps 7% amid gloomy trade outlook

AAP AAP
21 Nov 2018

Oil prices have tumbled about seven per cent, with US crude plunging to its lowest level in more than a year, caught in a broader Wall Street sell-off that was fed by rising concerns about slowing global economic growth.

Woodside Petroleum

Woodside Fifo camp approved

Tayler Neale Tayler Neale
20 Nov 2018

Woodside Petroleum has struck a revised deal with the City of Karratha to build a 604-bed workers camp, but the planning approval time-frame for the project remains uncertain.

Brent crude slips as investors fear glut

AAP AAP
20 Nov 2018

Brent crude futures fell in choppy trade, under pressure from growing supply but supported by a reported drawdown of US oil inventories, potential European Union sanctions on Iran and possible OPEC production cuts.

Oil lifts, but still down for sixth week

AAP AAP
19 Nov 2018

Oil ended the week slightly firmer after volatile trading, supported by expectations that the Organisation of the Petroleum Exporting Countries would agree to cut output next month, though prices fell for the sixth straight week amid global oversupply concerns.

Inpex

Ichthys opens LNG plant

Business News Business News
16 Nov 2018

Japanese outfit Inpex today officially opened the onshore LNG processing facilities at its $46 billion Ichthys project in Darwin.

Woodside Petroleum

Costs make gas game a play for the long term

Matt Mckenzie Matt Mckenzie
15 Nov 2018

ANNIVERSARY SPECIAL: Foreign investment, free trade and a skilled workforce have helped WA tap its enormous oil and gas reserves, to the benefit of the entire country. This article is part of a special series to mark Business News' 25-year anniversary.

Oil rebounds 2% on talks over supply cut

AAP AAP
15 Nov 2018

Oil has bounced nearly two per cent, recouping some of the previous session's heavy sell-off, on the growing prospect that the Organisation of the Petroleum Exporting Countries and allied producers would cut output at a meeting next month to prop up the market.

Woodside Petroleum

Coleman tips hydrogen power by 2030

Mark Beyer Mark Beyer
13 Nov 2018

Woodside Petroleum has urged governments across Australia to back its ambitious growth projects, which include $30 billion on LNG projects along with development of industrial-scale hydrogen power.

APA Group

Treasurer rejects gas pipeline purchase

AAP Business News
07 Nov 2018

Treasurer Josh Frydenberg has rejected a Chinese consortium's proposed $13 billion purchase of APA Group, saying the deal would result in an undue concentration of foreign ownership of the country's gas transmission pipelines.

Chevron

New MD for Chevron Australia

Delia Price Delia Price
07 Nov 2018

Petroleum giant Chevron today announced that Australian boss Nigel Hearne will move to the US, to be replaced by company veteran Al Williams.

Woodside Petroleum

NWS strikes LNG deal with Browse JV, Chevron

Business News Business News
07 Nov 2018

The Woodside-operated North West Shelf Venture has struck a preliminary deal to process LNG for the Browse project and Chevron’s Clio-Acme gas fields.

Australian Petroleum Production and Exploration Association

Gas, oil tax changes to rake in $6bn

Business News AAP
02 Nov 2018

The federal government expects to raise $6 billion over the next decade from changes to the taxation of Australia's big oil and gas producers.

Whitebark Energy

Whitebark in $5m Xanadu sale

Matt Mckenzie Matt Mckenzie
26 Oct 2018

A sluggish approvals process for seismic work at the Xanadu prospect in the Perth Basin has led Whitebark Energy to sell its stake in the project in a $5 million deal, with the money to head to Canada instead.

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