Perth-based investment group BPH Energy has raised $9 million from a share placement to increase its stake in explorer Advent Energy and fund a drilling program in NSW.
The Waitsia expansion, a gas power station in the Pilbara, and a potash project near Laverton have received ministerial approval days before the government enters caretaker mode.
Shares in Valmec soared by more than 15 per cent this morning after the diversified contractor reported solid first-half earnings and a growing order book.
Perth-based industrial services company Vertech Group has added to a string of acquisitions by purchasing a majority stake in APS, doubling annual turnover to more than $120 million.
A small Perth company with backers in Dubai has announced ambitious plans for a $4.1 billion project to convert gas from the Canning Basin into fertiliser and petrochemicals.
Woodside has doubled a supply contract for its proposed Scarborough project, following a record year for Australian production and LNG prices hitting highs.
Santos has approved a $US235 million drilling program to extend the life of its Bayu-Undan field in the Timor Sea as a backfill to the Darwin LNG plant.
The state government has disclosed that nearly all gas from the onshore Waitsia project will be exported, at least for the initial six years of production.
A bushfire warning for Kwinana has been downgraded, after hundreds of local employees were earlier asked to stay home to avoid the risk of toxic fumes.
Strike Energy shares bounced back from early selling today after investors absorbed an update that detailed short-term drilling delays but longer-term positives for its Perth Basin gas project.
Woodside Petroleum’s Scarborough LNG project faces a new hurdle after the Conservation Council of WA lodged a Supreme Court action to overturn environmental approvals.
Chevron will finish the year with both its Gorgon and Wheatstone LNG projects partly shut down due to safety concerns just as the LNG price soars to six times higher than its mid-year lows.
