Oil & Gas

Oil and gas contractor MMA Offshore has launched an $80 million equity raising to reduce its total debt, while chairman Andrew Edwards has announced his resignation.

Pluto Train 2 has advantages bringing Scarborough gas to market compared to the Karratha gas plant, Woodside said today, while flagging huge potential for carbon storage offshore of WA.

Kewdale-based contractor Valmec has secured early works on a gas project in Queensland, boosting its order book to about $85 million.

Two production licences have been granted for Woodside's Scarborough project, but there are still hurdles before a final investment decision due late next year.

Perth-based Red Sky Energy is raising $4 million to purchase Beach Energy's stake in the Killanoola oilfield, in South Australia's Otway Basin.

Western Australia's Kleenheat has secured three years' worth of gas from Santos under a new supply agreement.

Unions have called to nationalise the shuttering Kwinana refinery as players take sides in a fuel security debate, although most oil processed at the plant is already imported.

Brisbane-headquartered Senex Energy will exit South Australia's Cooper Basin after more than 20 years, with its assets to be sold to Beach Energy for $87.5 million.

Henderson-based engineering services company Orontide Group has added new capabilities with the acquisition of recently established business Hydrocarbon Solutions.

BP Australia is ceasing fuel production at its Kwinana refinery and will convert it into an import terminal, resulting in hundreds of job losses.

A Perth business developing autonomous vehicles for subsea surveying has raised £10 million via a spin-off, while Poynton Stavrianou are advising on a further potential deal.

A lower oil price has cut Woodside Petroleum's revenue by about 40 per cent, but the company is studying to lift planned capacity of its Scarborough LNG project.

CIMIC Group has lost a four-year dispute against Chevron over work completed at its Gorgon natural gas project off the WA coast.

Kogas wrote down its 10 per cent stake in Prelude FLNG by $US361 million last year, as it reported a $US 304 million loss.

Warrego Energy has raised funds from a share placement to go towards the company's West Erregulla joint venture with Strike Energy.

Woodside Petroleum is reportedly axing 300 direct staff following a similar decision last month by fellow oil and gas major Chevron.

An in-depth analysis of the re-emerging case for a west-east gas pipeline, which could provide a demand source for projects like Equus.

Strike Energy and Warrego Energy have signed a binding heads of agreement to jointly develop the West Erregulla gas field in the Perth Basin.

Shell could shed up to 9,000 jobs globally by 2022 in an effort to save the energy and petrochemical giant about $2 billion annually.

The NSW premier insists the controversial Narrabri coal seam gas project went through a robust assessment before it was approved, sparking outrage from locals.

Western Australia's gold and iron ore sectors have contributed to a record $172 billion resources industry, with the number of jobs also rising.

WA gas could be sent east through a pipeline but such a project would need government backing, Peter Coleman said today, while hitting back against Woodside's environmental critics.

Chevron intends to axe hundreds of its Western Australian workforce, as a low oil price washes over the industry.

Perth-founded engineering company SRJ Technologies has had a positive start to its ASX debut, with its shares closing up 60 per cent.

Ora Banda Mining has signed a long-term agreement with Wesfarmers' liquefied natural gas business to supply power to the Davyhurst goldmine in Western Australia.

A $100 million LNG hub has been proposed for Mount Magnet, to supply gas for remote mine sites and communities.

The state government has insisted 14-day quarantine rules will be maintained, rebuffing a push by the mining industry for more flexible rules for interstate fly-in, fly-out workers.

Plans to build an expanded onshore gas operation at Waitsia have received another boost after the project received environmental approval today.

Chevron has disclosed it will need extra time to complete repairs that have shut down one of the processing trains at its Gorgon gas project.

The Environmental Protection Authority plans to review the cumulative impact of several developments near Onslow, including a plan for a deepwater jetty for cruise ships.

Oil and gas service provider MMA Offshore has secured $16 million in contract extensions with Woodside Petroleum, which will continue using MMA's vessels.

The shutdown of Shell's Prelude FLNG since February and planned phased shutdowns at Chevron's Gorgon could hit LNG exports by about $2 billion this year.