Japanese group Mitsui & Co has announced it will not extend the deadline on its $602 million takeover offer for AWE and confirmed its offer price of 95 cents per share is final.
Australis Oil & Gas has tapped investors for $39.2 million, with the proceeds to allow for drilling to commence at the Tuscaloosa marine shale later this year.
SPECIAL REPORT: Hundreds of oil and gas fields to be decommissioned in the next decade across the Asia-Pacific region will create billions of dollars of opportunities for contractors, with a number of initiatives already under way.
Mitsui & Co has announced its $602 million takeover offer for AWE will be unconditional if the Japanese company acquires more than a 50 per cent stake before March 14.
The Woodside Petroleum-led Greater Sunrise gas project is a step closer to going ahead, with the federal government to ink an agreement with Timor Leste about revenue sharing, more than 40 years after it was originally discovered.
Seven Group Holdings has lodged a big increase in earnings for the half-year, as improvements in the mining industry aided the strong performance of WesTrac.
Marine services business Bhagwan Marine has opened its new head office on St Georges Terrace, after the company announced plans to shift from Geraldton in June last year.
A plan to expand the Onslow Marine Support Base has been given the tick of approval by the Environmental Protection Authority, three months after stage one of the project was completed.
Tap Oil has announced the resignation of four of the company’s directors, including executive chairman James Menzies and Peter Mansell, with two nominations from major shareholder Risco Energy Investments appointed as replacements.
Wesfarmers subsidiary EVOL has won a long-term contract to supply LNG to the power station and the process plant at Gascoyne Resources’ Dalgaranga gold project in the Murchison region.
Global Energy Ventures has raised $6.7 million through a share placement, with the proceeds to be used on the development of the company’s compressed natural gas technology.
Shares in AWE jumped 16.5 per cent today after Japanese group Mitsui & Co became the third bidder for the oil and gas producer, which is the operator and half owner of the Waitsia gas field north of Perth.
Japanese group Mitsui & Co. has announced a surprise $600 million takeover bid for AWE, trumping two existing bids for the oil and gas producer, with the main attraction being AWE’s Waitsia gas project north of Perth.
AWE has urged shareholders to take no action on a takeover offer from the state-run energy giant China Energy Reserve and Chemical Group, which remains unchanged from its initial bid of 73 cents per share, after it lodged its bidder's statement.
West Perth-based ICON Engineering has teamed up with Norwegian company Neodrill to secure a subsea wellhead foundation contract at Woodside Petroleum's Ferrand exploration well in the Carnarvon Basin.
Environment Minister Stephen Dawson has disclosed that the review he has requested into Chevron’s Wheatstone project was in response to the removal of abatement conditions by the previous government.
Perth-based oil and gas explorer Po Valley Energy has agreed to sell its assets in northern Italy, including the Selva gas field, in a share purchase agreement worth about $21 million.
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