News Articles

News 28 Feb 2019

Takeovers Panel strengthens WA contingent

The federal government has today announced new and renewed appointments to its Takeovers Panel including Perth-based John McGlue, Shirley In't Veld and Denise McComish.

Oil & Gas 07 Nov 2018

Treasurer rejects gas pipeline purchase

Treasurer Josh Frydenberg has rejected a Chinese consortium's proposed $13 billion purchase of APA Group, saying the deal would result in an undue concentration of foreign ownership of the country's gas transmission pipelines.

Energy 13 Aug 2018

APA accepts $13bn offer from CKI

The board of APA Group has accepted a $12.98 billion takeover offer from a consortium led by Hong Kong's CK Infrastructure (CKI), in a deal that will see major gas pipelines in WA sold to a new owner.

Deals 13 Jun 2018

Chinese group lobs $13bn offer for APA

The ownership of two major gas pipelines in Western Australia could change hands after a Chinese consortium proposed a $13 billion takeover of energy infrastructure giant APA Group, one year after the same consortium bought DUET Group, which owns the Dampier to Bunbury gas pipeline.

Deals 21 Apr 2017

CKI’s $7.5bn Duet bid approved

A Chinese consortium is set to take control of the Dampier to Bunbury gas pipeline and several power stations across WA after regulators and shareholders today approved the $7.5 billion takeover of listed company DUET Group.

Contracts 07 Feb 2017

Valmec to work on DBP gas storage facility

Local engineering and construction group Valmec has won a $5.4 million contract for work on DBP Development Group's Tubridgi gas storage facility near Onslow, which will be the largest in Western Australia when completed.

Infrastructure 16 Jan 2017

Duet shareholders to vote on takeover

Hong Kong investor CKI will be hoping the federal government approves its $7.3 billion takeover bid for DUET Group if the energy utility operator's shareholders back the deal.

Energy 19 Dec 2016

Gas pipeline owner to build storage facility

A $69 million gas storage facility will be built near Onslow by Duet Group subsidiary DBP Development Group to help producers and consumers smooth production profiles and cover planned outages.

Deals 05 Dec 2016

Duet receives $7.3bn takeover offer

Shares in DUET Group have jumped 16 per cent after the energy utility operator confirmed it has received an indicative and conditional takeover offer from Hong Kong billionaire Li Ka-Shing's Cheung Kong Infrastructure.

Energy 28 Jul 2016

Monadelphous loses Supreme Court fight

TransAlta Corporation has had a small win in the Supreme Court after successfully defending an entitlements claim by Monadelphous Group, but the engineering firm is still pursuing about $33 million from a joint venture comprising a Pilbara-based subsidiary of the Canadian power utility and DPB Development Group.

Energy 25 Jul 2016

Motley mix for onshore energy

SPECIAL REPORT: WA's regulatory system is at the top of the hit list for onshore oil and gas juniors seeking to drill tenements in the state.

Energy 01 Jul 2016

Return cut in DBP decision

Dampier to Bunbury Natural Gas Pipeline owner-operator DBP says pricing for the gas transmission line set by the Economic Regulation Authority today won't be enough to earn a rate of return suitable for prevailing market conditions.

Deals 22 Apr 2016

Stokes sells local energy business

Kerry Stokes has sold Malaga-based Landfill Gas and Power to a subsidiary of DUET Group for an undisclosed sum.

Mining 12 Apr 2016

Alcoa’s Parker faces test of mettle

Alumina giant Alcoa could be on the cusp of a strong growth period, yet significant challenges remain in its way in ensuring it can keep up with low-cost global competitors.

Deals 31 Mar 2016

Alcoa sells DBP stake for $205m

Alcoa of Australia has agreed to sell its stake in DBP, the owner and operator of the Dampier to Bunbury Natural Gas Pipeline (DBNGP), to DUET Group for $205 million.

Energy 25 Jan 2016

Domgas drop could cause price spike

Despite falling oil prices, projections are showing that local consumers and industry could be paying much more for gas in 10 years' time.

Energy 20 Jul 2015

DUET makes $1.4bn takeover bid

Energy utility owner Duet Group is set to become a bigger player in the WA market, after announcing an agreed $1.4 billion takeover of remote power producer Energy Developments.

Energy 28 May 2015

Pipeline to FMG's Solomon hub opened

A 270 kilometre-long gas pipeline connecting Fortescue Metals Group's Solomon hub operations to the Dampier natural gas pipeline was officially opened today.

Infrastructure 17 Feb 2015

$95m Wheatstone pipeline complete

Chevron's $US29 billion Wheatstone LNG project has been linked to the Dampier to Bunbury Natural Gas Pipeline, with DUET Group subsidiary DBP Development Group completing construction on a $94.9 mi

Mining 22 Dec 2014

Duet, Alcoa to invest $180m in pipeline

Energy infrastructure investment firm DUET Group and aluminium producer Alcoa of Australia have finalised plans for a $180 million investment in the Dampier Bunbury Pipeline.

11 Nov 2014

Monadelphous wins $90m in contracts

Engineering firm Monadelphous Group has increased its work on hand after being awarded three separate construction contracts in the oil and gas and infrastructure markets for a combined value of about $90 million.

Energy 08 Aug 2014

S&P revises DBNGP outlook

Ratings services Standard & Poor's said today it had revised its outlook on the 'BBB-' issuer credit ratings on DBNGP Trust, the owner of the Dampier to Bunbury Natural Gas Pipeline, and relate

Infrastructure 07 Aug 2014

DBP completes negotiations

Dampier to Bunbury gas pipeline owner DBP Transmission has completed negotiations with a majority of customers that use its pipeline, in a move it says will reduce its long term risk profile.

Energy 24 Feb 2014

Former energy chief reflects on Verve

SPECIAL REPORT: Former Verve Energy CEO Shirley In't Veld says when it comes to government-owned businesses, politics often wins out over commercial imperatives.

Mining 19 Sep 2013

Gas projects fire up

An array of large and small projects will push WA's petroleum production to 1 million barrels of oil equivalent per day for the first time next year.

Infrastructure 02 Sep 2013

Duet subsidiary signs Wheatstone pipeline deal

Duet Group subsidiary DBP Development Group has been selected to build infrastructure to link Chevron's Wheatstone gas project to the Dampier to Bunbury pipeline for domestic use.

Infrastructure 17 Aug 2012

Duet's profit dives on tax changes

The owner of the Dampier to Bunbury natural gas pipeline has reported a sharp slump in after-tax profit despite solid growth in revenue from its major operating assets.

27 Jun 2011

WA gas assets to change hands

The ownership of two of Western Australia's major gas infrastructure assets looks set to change hands, with Canada's ATCO Group and ASX-listed investment company DUET Group closing on a deal.

Infrastructure 18 Feb 2011

Duet H1 profit falls 51 per cent

Energy distributor Duet Group's first half profit declined 51 per cent as it continues to focus on improving the operational performance of its assets.

19 Feb 2010

DBP boosts DUET Group's H1 profit

A strong contribution from the Dampier to Bunbury gas pipeline has helped to lift investment fund manager DUET Group's interim earnings out of the black to a net profit of $94.5 million.

News Articles for DUET Group

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