Oil & Gas

Tap loses four directors

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.

Gascoyne signs up EVOL

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 taps investors for $6.7m

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.

AWE soars on Mitsui offer

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.

Mitsui trumps rival AWE bidders

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.

Chinese bid for AWE unchanged

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.

ICON secures Woodside contract in Norwegian JV

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.

Dawson reveals review reasoning

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.

Po Valley in 3-way energy merger

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.

EPA to review Wheatstone emissions

Chevron said today it was disappointed with the state government's decision to commence a review of greenhouse gas emissions at the company's recently commissioned Wheatstone LNG project.

Po Valley soars on gas discovery

Shares in Perth-based oil and gas explorer Po Valley Energy have skyrocketed today after the company announced a discovery at its Selva gas field in northern Italy.

Nacap wins WA pipeline contract

Melbourne-based Nacap Australia has won the contract to build a 200-kilometre gas pipeline to Gold Road Resources' Gruyere project near Laverton, and is pursuing other significant projects in Western Australia.

Babylon to join ASX after $4.5m raising

James Cullen has emerged as the major shareholder at new listing Babylon Pump & Power, which is led by Michael Shelby, formerly general manager at Mr Cullen’s former company Resource Equipment.

MinRes revises $526m AWE takeover

Sydney-based oil and gas company AWE has backed a revised $526 million takeover offer from Mineral Resources as the Perth-based mining outfit seeks to gain control of the Waitsia gas field in the Perth Basin.

MMA defends capital raising

MMA Offshore chairman Andrew Edwards has defended the timing of the company’s recent $97 million capital raising at its annual meeting today, saying the oil and gas firm needed a solution to its debt problems.

AWE upgrades Waitsia reserves

Sydney-based gas company AWE has upgraded its Waitsia 2P reserves by 80 per cent, now ranking it in the top five largest gas fields ever discovered onshore in Australia.

Halom abandons MMA meeting resolutions

MMA Offshore major shareholder Halom Investments has withdrawn its annual meeting resolution to remove the oil and gas company’s managing director Jeff Weber one day before the meeting.

Woodside installs battery power

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.

Panel rejects Tap application

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 and Total in WA farm-in deal

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

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.