Costs would need to come down a further 25 per cent to breakeven at around $US40 per barrel of oil for the Browse LNG project to proceed, according to Woodside Petroleum managing director Peter Coleman.
Subiaco-based software company K2fly has kicked off its national roadshow in the hopes of raising up to $5 million before a backdoor listing on the ASX, despite a recent shift in market sentiment.
A recently opened research and innovation centre at Curtin University is rapidly building interaction between big corporates, small businesses, academia and government.
The Australian share market has closed slightly higher, with the big banks holding up the bourse in light trading following a weak lead from US markets
A short term domestic gas contract between Woodside Petroleum and electricity generator Synergy is the first such deal since the North West Shelf Venture partners moved towards separate marketing of their production.
Protean Wave Energy has recruited former Woodside Petroleum executive Steve Rogers as its new managing director, with his predecessor Bruce Lane and chief technology officer Sean Moore both stepping down from their roles at the clean energy company today.
Chief executive salaries in WA are continuing to ratchet down, and companies are seeking more flexibility, a study of nearly 30 new appointments this year has found.
A former Choice Industrial Training employee has been fined nearly $2,300 after being found guilty of falsely assessing candidates for high-risk work licences.
Australia's enormous LNG investment boom is starting to pay trade dividends, with exports up 18.5 per cent in the month of June to 3.6 million tonnes, largely to Japan and South Korea.
SPECIAL REPORT: The dramatic rise and fall of iron ore producers and the recent surge in gold and lithium stocks have been highlighted by a historic review of WA's major listed companies.
Energy giant Woodside Petroleum will proceed with development of its $US1.9 billion ($A2.6 billion) Greater Enfield oil project in the Carnarvon Basin.
The Australian dollar gold price hit an all-time record of $1,826 an ounce today after Britain elected to leave the European Union, with shares in local gold miners rallying strongly even though the broader stock market tumbled more than 3 per cent.
A panel of industry, government, science and communty members will today release its two year marine science implementation strategy, aiming to make the state a global hub in the discipline and to encourage collaboration between industries such as offshore energy and fisheries.
Chevron's outgoing Australian boss has called for improved industry collaboration and better industrial relations policies to support future growth, but has also signalled new ‘greenfields' LNG projects are low on the priority list.
Women are being appointed to ASX200 boards at a faster rate than ever, but a number of major Western Australian companies remain without any female representation on their boards.
The Chamber of Minerals and Energy of Western Australia has partnered with some of the state's biggest resources players to launch a pilot training framework to improve safety in the workplace.
After last month's closure of Perth Theatre Company, Business News has delved into the financial reports of arts and culture groups in WA to check on their health.
Woodside Petroleum has received a first strike against its remuneration report, with about 27.6 per cent of shareholders voting against it, while chairman Michael Chaney has flagged he may not step down at the next AGM as previously suggested.
March quarter revenue was down by nearly a third on the same period last year, Woodside Petroleum revealed today, although it flagged that it was continuing work with Hess on gas processing from the Equus field.
Total chief executive Patrick Pouyanne has flagged that the next batch of LNG projects may not be as far off as some think, speaking at the LNG18 conference today.
Woodside chief executive Peter Coleman told the LNG 18 conference in Perth today there could be opportunities for LNG producers to move further into downstream markets, particularly in developing countries, where demand for gas existed but barriers to entry had slowed take up.
LNG 18 conference organising committee chair Grant King is positive about the industry's future, despite the low oil price environment and a predicted short-term oversupply, saying international demand growth for electricity will underpin a need for gas.
A group of 30 Western Australian stocks selected by Business News has significantly outperformed the ASX200 in the March quarter, indicating stock investors are optimistic about the state's economic future.
