KPMG has been appointed as administrator to two subisdiaries of West Perth-based Northern Oil & Gas Australia, with contractor GR Engineering Services going into a trading halt as result of the action.
A private WA company has gained state government approval to develop a floating wharf and onshore terminal at the port of Broome, targeting oil and gas services and cruise ships as its main customers.
Australia’s petroleum tax system will fail to raise much revenue, yet big producers won’t be earning big profits either, according to oil industry consultant Juan Carlos Boue.
OPINION: Every cloud has a silver lining, even the attacks on the Saudi Arabian oil industry, because they could provide the incentive for customers to seek more liquefied natural gas from Western Australia.
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.
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.
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 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.
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.
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.
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.
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 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.
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.
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.
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.
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.
