Energy company Santos and French multinational Total have agreed to fund a 3D seismic survey, thought to be worth around $45 million, over Melbana Energy's Beehive prospect off the north coast of Western Australia.
A Chinese state-owned energy company has stepped up its efforts to gain control of the Waitsia gas field north of Perth, launching a hostile bid today for oil and gas group AWE after withdrawing its proposal for a friendly takeover earlier this week.
AWE shares have tumbled after the Chinese state-owned energy corporation interested in buying the Australian oil and gas group withdrew its $430 million proposal, after it was unable to conduct a final due diligence review on the target.
The Australian Petroleum Production and Exploration Association has announced Zoe Yujnovich as the new chair while Michael Abbott has been elected vice chair following the association’s annual meeting.
The state government has moved to terminate a state agreement with Mitsubishi Corporation and Buru Energy that was enacted in 2013 when there were high hopes that fracking in the Kimberley’s Canning Basin would lead to development of major onshore gas projects.
Tap Oil has submitted an application to the Takeovers Panel requesting the disclosure of details surrounding major shareholders Risco Energy Investments and Chatchai Yenbamroong, and for the pair to be restrained from voting at the company’s annual meeting.
Engineering and construction contractor Monadelphous Group has painted a positive outlook after tough trading conditions in recent years, with the company tipping strong revenue growth in the current financial year.
Royal Dutch Shell has sold its entire shareholding in Woodside Petroleum for $3.5 billion, after strong demand from institutional investors prompted the energy giant to upsize its previously announced sell-down.
A newly established company led by a group of Perth oil and gas executives aims to become a major supplier to the domestic gas market after buying the offshore Equus gas fields from US company Hess Corporation.
The National Stock Exchange has approved the appointment of controversial businessman Frank Timis as non executive chairman of African Petroleum Corporation, but subject to unusual rules relating to the company's disclosure and governance.
THE pitched battle over the proposed LNG hub at James Price Point near Broome is likely to be just a pre-cursor to a bigger war over development in the Kimberley region – considered the nation’s next frontier by both sides of the political div