Oil &amp; Gas

13 Dec 2017

Woodside Petroleum expects to cut costs and its environmental footprint after contracting ABB Group to replace one of the gas turbine generators at its Goodwyn A platform in the North-West Shelf with a battery storage micro-grid.

Tap Oil

Panel rejects Tap application

13 Dec 2017

The Takeovers Panel has rejected an application by Tap Oil claiming its two biggest shareholders had become associated, with the panel refusing to make a declaration of unacceptable circumstances.

Santos

Santos and Total in WA farm-in deal

12 Dec 2017

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.

AWE in the midst of a takeover battle

AAP Business News

11 Dec 2017

Mineral Resources has launched a $484 million takeover bid for oil and gas group AWE amid the ongoing battle for control of the Waitsia gas field north of Perth.

Chinese group launches $463m AWE takeover bid

08 Dec 2017

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 dive after Chinese withdraw bid

05 Dec 2017

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.

Rio Tinto

Rio appoints new chair, updates strategy

AAP Business News

04 Dec 2017

Mining giant Rio Tinto has appointed former Anglo-American Plc executive Simon Thompson as its new chairman to succeed incumbent Jan du Plessis.

Shell

Yujnovich elected APPEA chair

01 Dec 2017

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.

AWE shares jump on takeover bid

AAP Business News

30 Nov 2017

Shares in oil and gas group AWE have jumped more than 20 per cent following a $430 million takeover bid from a Chinese state-owned energy corporation.

Buru Energy

Canning Basin state agreement terminated

29 Nov 2017

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.

MMA Offshore

MMA postpones annual meeting

27 Nov 2017

MMA Offshore has postponed its annual meeting after a complaint from major shareholder Halom Investments to the Takeovers Panel regarding a $97 million capital raising.

Tap Oil

Tap takes action over major shareholders

27 Nov 2017

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.

Santos

Santos secures second gas contract with Wesfarmers

22 Nov 2017

Santos has entered into a second contract to supply natural gas to Western Australian conglomerate Wesfarmers.

AWE records highest flow rate to date at Waitsia

22 Nov 2017

Sydney-based gas company AWE has produced more positive test results at its Waitsia gas field, with the highest flow rate to date recorded during recent flow testing.

Monadelphous

Monadelphous tips 30% growth

Mark Beyer

21 Nov 2017

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.

Tap Oil

Risco seeks board overhaul at Tap Oil

21 Nov 2017

Tap Oil major shareholder Risco Energy Investments has notified the company of its intention to overhaul the company's board at the next planned annual meeting in February.

MMA Offshore

MMA proceeds with major capital raising

16 Nov 2017

Struggling marine services company MMA Offshore will raise nearly $100 million to repay debts and repair its balance sheet, despite opposition from major shareholder Halom Investments.

Woodside Petroleum

Shell quits entire Woodside stake