News Articles

Deals 02 Sep 2019

Corporate finance deals Aug 26 to 30 2019

A summary of last week's smaller deals that did not get included in our daily news coverage.

Oil & Gas 30 Jul 2018

Staff cuts add to red tape concerns

SPECIAL REPORT: Despite a host of deals in the Perth Basin during the past year, proponents are battling issues with red tape.

Mining 08 Feb 2018

MinRes records $163m half-year profit

Mineral Resources has announced a 16 per cent lift in half-year net profit to $163 million, helped by several one-off factors including a big revaluation of its stake in lithium miner Pilbara Minerals, partly offset by impairment charges associated with its Yilgarn iron ore operation.

Deals 09 Nov 2017

MinRes swoops on Empire assets

Mineral Resources has acquired Empire Oil & Gas's Perth Basin assets, including the Red Gully processing plant, just more than a month after the energy junior entered administration.

Appointments 11 Oct 2017

Insolvency appointments Sep 21 to Oct 10 2017

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.

Appointments 25 Sep 2017

Board Moves September 25, 2017

Coventry Group has announced the retirement of non-executive director Ken Perry and the appointment of Rod Jackson as chief financial officer.

Energy 14 Sep 2017

Empire production assets under receivership

Updated: Empire Oil & Gas has appointed voluntary administrators to its wholly-owned Empire Oil subsidiary, which controls its core Red Gully assets.

Energy 30 Aug 2017

Well problems lead to Empire suspension

Perth Basin energy player Empire Oil & Gas has placed its ASX-listed securities into suspension after it was unable to restart production at its Red Gully-1 well.

Energy 24 Jul 2017

Jockeying for position in Perth Basin

SPECIAL REPORT: Only a small number of oil and gas players in the Perth Basin are moving forward on projects.

Appointments 19 Jul 2017

Board Moves July 19, 2017

Dr Adam Darkins has been appointed non-executive deputy chair of Medibio. Dr Darkins earned widespread US and international recognition for his leadership of telehealth programs at the

Energy 19 Jul 2017

Walker replaces Aitken at Empire

Former Canaccord Genuity head of energy Asia Pacific, Angus Walker, has taken over the helm of Perth Basin energy producer Empire Oil & Gas today after the resignation of managing director Ken Aitken.

Energy 19 Oct 2016

Empire shareholders seek board shake-up

Dissident shareholders are seeking to shake up the board of Empire Oil & Gas at the energy company's annual general meeting next month.

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.

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.

Deals 14 Jun 2016

Mineral Resources fires up on gas

Iron ore miner Mineral Resources has added another string to its bow, taking a 19.3 per cent stake in domestic gas supplier Empire Oil & Gas, a week after the company increased its slice of the Mt Marion lithium project.

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.

Energy 11 Mar 2016

Production boosts Empire revenue

Domestic gas producer Empire Oil & Gas has reported a 13 per cent lift in half-year revenue on the back of higher plant utilisation, and remained in the black despite the falling oil price.

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 12 Oct 2015

Empire targets growth through the drill bit, and by acquisition

SPECIAL REPORT: The domgas market is going through a period of structural change, but history has lessons for those businesses that know where to look.

Energy 12 Oct 2015

Gas bonanza despite tough climate

SPECIAL REPORT: As the energy construction boom winds down, policy makers must get the settings right to prepare for future investment, while energy players mull the best way to allocate scarce capital.

Energy 30 Sep 2015

Empire in maiden profit

Perth Basin energy producer Empire Oil & Gas has announced its first profit, on the back of improved operating performance and a strong cost control strategy.

Mining 03 Aug 2015

Empire expects gas sales to triple

Perth-based company Empire Oil and Gas has announced that it expects to triple its cash sales this financial year as it begins tranche 2 of its gas sales agreement with Alcoa.

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.

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.

Mining 17 Oct 2014

Santos calls for gas certainty

Santos has called on the state government to provide more certainty on its domestic gas reservation and offsets policies, to encourage new investment in ‘domgas' supplies.

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.

Appointments 14 Jul 2014

Schmedje joins Empire

Milton Schmedje has been appointed exploration manager at Empire Oil & Gas.Mr Schmedje was most recently at Tap Oil, and has previously also worked for Ampolex, Origin and AWE.

Mining 23 Jun 2014

Pick-up in onshore gas drilling

The entry of two European energy companies into WA will help to bolster activity in the onshore oil and gas sector, which is set for a pick-up after a series of disappointments.

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.

Appointments 31 Mar 2014

Empire appoints new CEO

Empire Oil & Gas has appointed an independent chief executive to lead the business following a board overhaul last year which claimed the scalps of each of its former directors.

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.

Appointments 27 Jan 2014

Brown joins Empire board

Stuart Brown has been appointed to the board of Empire Oil & Gas.

Appointments 21 Jan 2014

Empire Oil & Gas recruits Brown

Empire Oil & Gas has appointed former Woodside Petroleum executive Stuart Brown to its board as the company's new management looks to recruit experienced directors to guide its future.

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 12 Dec 2013

Technology lifts onshore oil & gas action

FEATURE: A diverse array of privately held and public-listed companies is angling to become the next success story in the onshore oil and gas sector.

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.

News Articles for Empire Oil & Gas

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