Western Australia’s move away from coal-fired power will push the state into a gas supply shortage in the early 2030s, according to new analysis from Wood Mackenzie.
Adelaide-based Perth Basin gas play Beach Energy will slash its workforce by 30 per cent, following a strategic review into its operations in the east and west coast gas markets.
Prominent Australians have urged Environment Minister Tanya Plibersek to save sacred sites they say are at risk from a new gas export hub in Western Australia.
The 10 per cent owner of the Shell-operated Prelude floating LNG project reported a post-tax loss of $US3.4 million ($5.2 million) in 2023, despite gross profit of almost $US76 million.
Woodside Energy has completed its sale of a 10 per cent interest in the Scarborough LNG project to Japanese interests, as the project’s development continues.
Woodside Energy says it is in the final stages of striking a deal with the Western Australian government to make more gas available for the local market.
Mineral Resources has hailed the latest results from its Lockyer gas project in the Perth Basin as the highest quality in the region, as it turns its exploration attention to the region’s oil potential.
The gas industry is accusing the federal government of "deliberate demand destruction" that is making the gas supply shock worse for households and industry.
Mineral Resources’ $850 million Lockyer gas project proposal has taken another step in the planning process, under the state government’s assessment pathway.
Perdaman chair Vikas Rambal announced the company has placed almost $US1 billion of procurement orders for the $6.4 billion urea project, among other topics at a Business News event.
High-profile Woodside Energy chair Richard Goyder has been endorsed for reelection as a director of the LNG producer, ahead of its annual general meeting next month.
Woodside Energy says offtake interest in its planned hydrogen projects has been slower than expected, as it pushes its case for government tax credits on proposed US production.
A planning dispute at Onslow has illustrated one of the many issues facing the oil and gas sector as it proceeds with a huge decommissioning challenge.
Oil and gas company Santos will have to deal with a native title claim over its $3.5 billion Narrabri project area, after the Federal Court allowed the Gomeroi people's appeal.
Woodside Energy has confirmed a “small number” of redundancies have been made at its Perth headquarters, following a suite of job cuts at BHP revealed last week.
The government won’t ‘necessarily agree’ with the findings of an inquiry into domestic gas policy, but Premier Roger Cook says the report will be considered in policy decision making.
Mineral Resources will seek out a partner to develop substantial oil contained within its Lockyer natural gas project in the Perth Basin, in a move it expects will slash fuel costs.
Woodside Energy has signed its first long-term supply deal into South Korea, securing an agreement with Korea Gas Corporation for output from its global operations.
Strike Energy chair John Poynton says recent test well disappointment at the South Erregulla project had caused a period of reflection at the company, but maintains the future is bright.
Woodside Energy reported a 74 per cent drop in net profit after tax during 2023 despite record production, attributed to write-downs on its Shenzi project and lower realised prices.
Andrew Forrest has used a National Press Club address to hit out at fossil fuels and nuclear energy, while calling on Australian policymakers to “get on with” facilitating a renewable revolution.
Woodside will sell a 15.1 per cent stake in its Scarborough LNG project to Japanese power generator JERA, under a deal worth an estimated $US1.4 billion ($2.13 billion).
Western Australia’s domestic gas policy settings require serious government intervention to protect industry, according to the interim report from the state’s inquiry into the matter.
Oil and gas producer Santos recorded a 42 per cent fall in underlying profit in 2023 off a 24 per cent reduction in sales revenue, reflecting lower received prices and less production volume.
Woodside Energy has flagged $US1.5 billion ($2.3 billion) worth of non-cash impairments for the 2023 calendar year, including a write-down on its share of output from the Wheatstone project.
Perth-headquartered Woodside Energy has mobilised the floating production storage and offloading facility to its Sangomar field in Senegal as it prepares for first oil production.
A probe into the Environmental Defenders Office has begun, as the federal government moves to review its funding into the organisation after the court judgment in Santos’s Barossa matter.
Asset write-downs pushed Beach Energy to record a statutory half-year loss of $345 million, as new managing director Brett Woods committed to undertake a review of business strategy.
A marine base set up to dismantle oil and gas platforms decommissioned by Chevron faces a legal threat from the Shire of Ashburton despite having state government approval.
