News Articles

Deals 22 Aug 2019

Shell makes $617m offer for ERM

Shell is seeking to build its presence in the Australian power sector, launching a $617 million takeover bid for Australia's second-largest energy retailer that looks likely to be accepted.

Energy 28 Sep 2017

Empire Oil & Gas into administration

Local energy producer Empire Oil & Gas has entered voluntary administration today, two weeks after receivers took control of subsidiary Empire Oil, which operates the company's key Perth Basin assets.

Mining 30 Jun 2016

MinRes refinances Empire debt

Mineral Resources has bolstered its new relationship with Empire Oil & Gas, offering a $15.1 million facility to replace a previous deal with Viburnum Capital.

Energy 16 Dec 2015

Greensense bought out by ERM Power

Energy analytics firm Greensense is set to be acquired by Brisbane-based energy provider ERM Power in an all-cash deal worth $5.25 million.

Energy 04 Dec 2015

Synergy on competition watchdog’s radar

The Australian Competition and Consumer Commission is understood to be investigating Synergy following predatory pricing complaints from several players in the state's electricity market.

Energy 27 Mar 2015

Power players want a piece of the action

Energy Minister Mike Nahan's announcement earlier this week of the government's planned introduction of greater competition to the electricity sector has already spurred the growth prospects of one market entrant.

Deals 26 Mar 2015

Empire appoints Enerdrill for Red Gully

Empire Oil & Gas has kicked off a $15.7 million capital raising to fund new drilling at its flagship Red Gully North project and evaluate other projects in the Perth Basin near Gingin.

Property 17 Nov 2014

Climate stance has office fallout

The Anglican Church's move to distance itself from fossil fuel-related industries could have implications for its CBD property portfolio, with up to nine resources sector companies that lease office space across the church's commercial buildings.

Mining 30 Oct 2014

ERM cuts price of Empire deal

The price that Empire Oil & Gas will pay, to buy out joint venture partner ERM Power from their Perth Basin assets, has been cut to $15.1 million.

Energy 03 Oct 2014

Push to keep WA off national grid

As the state's review of its electricity market seeks to turn the system on its head, investors protecting their interests have argued strongly to keep Western Australia out of the national electricity market (NEM).

Deals 01 Sep 2014

Empire in $16m gas buy

Shares in Perth explorer Empire Oil & Gas have surged after the company said it would buy ERM Power's Western Australian gas assets for $16.3 million.

Energy 22 Jul 2014

Synergy savings revealed amid board shake up

Departing Synergy board member Keith Spence has told Business News the merger of Synergy and Verve had already delivered $70 million in savings.

24 Apr 2014

Options upside for chief executives

The alignment of chief executive salary packages with market capitalisation has been highlighted in Business News' latest quarterly salary survey.

Energy 18 Mar 2014

Electricity reform sparks debate

The issue of electricity prices not surprisingly has emerged as a hot topic of discussion following the government's recent announcement of a statewide review of the electricity market.

Mining 12 Mar 2014

Empire finances worse than thought

The new directors of Empire Oil & Gas have admitted the company's financial position is worse than originally anticipated, with an initial review revealing a raft of performance issues at its flagship Red Gully gas and condensate processing facility.

Mining 20 Dec 2013

Empire sues former directors

Empire Oil & Gas' new management team has taken the company's former directors to court in a bid to recover funds used to bankroll defamation proceedings against Empire shareholders.

Mining 02 Dec 2013

Empire appoints interim CEO

ERM Power's Kent Quinlan has been seconded to the role of interim chief executive at Empire Oil & Gas as they look to permanently fill the role in the near future.

Mining 26 Nov 2013

Empire report gets 84% no vote

Empire Oil and Gas shareholders showed their overwhelming lack of support today towards the company's recently ousted directors by lodging a massive vote against the remuneration report.

Mining 22 Nov 2013

Empire agrees to board overhaul

Empire Oil & Gas has conceded defeat in its bid to stave off efforts by major shareholder ERM Power to overthrow its board, saying it now believes ERM's proposal is the best way forward for the company.

Mining 01 Nov 2013

Empire says takeover bid has taken its toll

Empire Oil & Gas says a move by its biggest shareholder ERM Power to replace Empire directors with its own representatives has compromised its relationships with contractors and caused disruption to the business.

Mining 24 Oct 2013

ERM to review Empire legal fees

ERM Power says it will seek to recover legal costs paid by Empire Oil & Gas for its directors' personal legal actions against shareholders as a showdown between the two companies looms at a general meeting next month.

Mining 18 Oct 2013

Empire, ERM clash over management

The war of words between Empire Oil & Gas and its joint venture partner ERM Power continues, with Empire directors warning shareholders that ERM lacks the experience needed to guide an oil and gas company.

Mining 27 Sep 2013

Empire board in firing line

Empire Oil & Gas is facing a board upheaval with its biggest shareholder and joint venture partner ERM Power calling a meeting of shareholders to consider removing Empire's executive chairman and two other directors.

Infrastructure 03 May 2013

ERM Power hit by WA dispute

Energy company ERM Power has disclosed the mounting cost of its dispute over the construction of the Neerabup power station, with arbitration expenses alone hitting $4.5 million.

21 Sep 2011

EPA gives green light to $500m power plan

Brisbane-based power generator ERM Power has gotten the nod from the Western Australian environmental watchdog to build a $500 million power station and gas pipeline at Three Springs in the Mid Wes

09 Dec 2010

ERM closes $100m IPO

WA electricity consumers are poised to gain a fresh window on the internal workings of the local electricity market following the successful close of Queensland-based power generator ERM Power's $100 million initial public offer.

Energy 27 Nov 2008

ERM quiet on WA power stations offer

ERM Power is keeping quiet about its intentions over the potential sale of Babcock & Brown Power's interests in two Western Australian power stations to ANZ.

03 Oct 2006

Aviva partners with ERM for project

AVIVA Corporation and ERM Power have announced they will conduct a joint pre-feasibility study on a 400-megawatt coal-fired power station in the Mid West region of WA.

27 Sep 2005

Xenolith Gold NL

Xenolith Gold NL 13-Sep-05 ERM Investments Pty ltd increased its relevant interest from 3,723,621 ordinary shares (12.80%) to 3,776,621 ordinary shares (13.03%).

News Articles for ERM Power

Bookmark

Bookmark

Bookmark

Bookmark

Bookmark

Bookmark

Bookmark

Bookmark

Bookmark

Bookmark

Bookmark

Bookmark

Bookmark

Bookmark

Bookmark

Bookmark

Bookmark

Bookmark

Bookmark

Bookmark

Bookmark

Bookmark

Bookmark

Bookmark

Bookmark

Bookmark

Bookmark

Bookmark

Bookmark