The Aboriginal community that was at the centre of a major land rights dispute, sparked by oil exploration at a remote Kimberley cattle station in the early 1980s, has announced its support for a gas 'fracking' program planned by Perth company Buru Energy.
The battle between Oil Basins Ltd and Buru Energy Ltd, a spin-off from the merger of ARC Energy and Australian Worldwide Exploration, has heightened following a force majeure declaration over the Blina Back Reef Play joint venture.
Aspiring power generation company Aviva Corporation and ARC Energy have agreed to partner up to study the potential for sequestration of carbon dioxide in depleted oil and gas reservoirs in the North Perth Basin.
Clive Palmer's Mineralogy Pty Ltd has withdrawn its challenge to Arc Energy Ltd, but the Perth-based company will still be required to proceed with a shareholders' meeting requisitioned by the Queensland-based investor.
ARC Energy is standing by its plan to pursue a $1.1 billion merger with Anzon Australia Ltd despite attempts by one of its biggest shareholders, Clive Palmer's Mineralogy Pty Ltd, to oust the current board and scrap the merger.
West Perth-based petroleum explorer ARC Energy Ltd has received a $40 million prepayment from Alcoa Australia after signing a gas sales agreement for the delivery of up to 500 petajoules of gas from future discoveries, the company has announced.
West Perth-based oil and gas producer Arc Energy Ltd has formed an alliance with Hong Kong's Energy World Corporation to develop an LNG business that would commercialise gas deposits in the Canning Basin to supply the domestic Western Australian market.
West Perth-based petroleum explorer ARC Energy Ltd's plans to acquire the Wandoo Petroleum Pty Ltd Australian portfolio for $380 million have suffered a setback, with Canada-based Vermilion Oil & Gas exercising its pre-emptive rights to a major asset
West Perth-based petroleum explorer ARC Energy Ltd will acquire Toronto Stock Exchange-listed Golden Dynasty Resources Ltd subsidiary Terratek Drilling Tools Pty Ltd for $2.8 million and a 2 per cent royalty on the company's oil holdings.
WHILE much of the talk surrounding Tap Oil’s attempt to merge with Arc Energy centres on the companies’ potential future, merged or otherwise, some of the history behind the bid is just as interesting.