Former Labor minister Martin Ferguson has heralded floating liquefied natural gas as the wave of the future, urging the Western Australian government to work with developers like Shell, Woodside Petroleum, ExxonMobil and BHP Billiton.
Woodside Petroleum has signed a sales and purchase agreement with Korea Gas Corporation for up to 2.2 million tonnes of liquefied natural gas over three years.
Mermaid Marine Australia has agreed to purchase the subsidiaries of Singapore-based marine services provider Jaya Holdings for $S625 million ($550 million), in an all-cash deal which represents one of the largest acquisitions by a Western Australian company in recent years.
Western Australia has reclaimed its position at centre stage in the money world, not because it is sucking in development capital but more so because it has become a global cash cow.
Property investor and developer Aspen Group says it is likely to post a half-year loss of up to $72 million on the back of impairments on a number of its assets, including the Septimus Roe office tower in central Perth.
Seven Group Holdings chief executive Don Voelte has stepped down from his role as chairman of oil and gas junior Nexus Energy, saying the position was no longer appropriate as Seven Group eyes opportunities in the oil and gas sector.
Woodside Petroleum is set to take a 25 per cent stake in the Leviathan gas project off the coast of Israel, under a conditional deal that involves up-front payments of $US1.2 billion.
The state government is calling for extra private investment at the port of Dampier, following a major new development at the port by QUBE Holdings and a call for private development of new facilities at Fremantle.
The Environmental Protection Authority has appointed three delegates to assess the environmental impact of the state government's proposed Browse liquefied natural gas precinct.
SPECIAL REPORT: More national and international conventions are choosing to come to Perth, adding a boost to tourism and industry and catalysing a big change at the Perth Convention and Exhibition Centre.
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.
SPECIAL REPORT: The past 12 months have been tough for WA's corporate finance professionals, but there is cautious optimism that 2014 will be a different story.
Woodside Petroleum has inked a deal to supply about 1.5 million tonnes of liquefied natural gas over three years to Japanese utility Chubu Electric Power.
Woodside has for the first time confirmed the high cost of its shelved James Price Point gas project, though the figure it has released is not directly comparable to the construction cost estimates for other LNG developments like Chevron's larger Gorgon development on Barrow Island.
Resources companies will turn to foreign workers to service $200 billion worth of oil and gas projects in the coming years unless there is greater investment in skills training, a new report has warned.
The recent publication of two listings of influential business leaders provided food for thought about the growing international influence on Western Australia.
Western Australia's domestic gas production has recorded its first significant quarterly growth since 2008, helped by the opening of BHP Billiton's $1.5 billion Macedon project.
Woodside Petroleum and National Australia Bank chairman Michael Chaney says the growing compliance burden on companies threatens to compromise their ability to deliver for shareholders.
Nedlands company Advanced Geomechanics is hoping to extend its reach into the global subsea engineering market following its directors' decision to sell the business to Dutch multinational Fugro.
Premier and science minister Colin Barnett has praised the efforts of the state's scientists and others in the field, at the Western Australian Science Awards ceremony last night.
Perth's office sublease space has increased by more than 70 per cent since the start of the year but supply is likely to have reached its peak, according to the latest research from CBRE.
A major reform package for Western Australia's ports will take away the entitlement of major port customers to a seat on the port authority boards, and allow the ports to operate 24 hours a day.
Chevron is one of five petroleum companies to have been awarded new exploration permits in the federal government's latest round of offshore acreage release.
Shell Australia boss Andrew Smith has defended his company's decision to walk away from an onshore gas development at James Price Point at an at-times heated parliamentary committee inquiry.
Alumina producer Alcoa of Australia has revealed it's cutting dozens of jobs from its local operations and pushing all of its contractors to slash their rates by 12 per cent.
Broome Port Authority has secured Royalties for Regions funding for an upgrade that will bolster its ability to compete with Darwin as a supply base for offshore oil and gas projects.
The state government will team up with Woodside Petroleum and Curtin University to develop two new specialist training facilities in the Pilbara as it encourages more people to live and work in the region.
Construction workers who participated in unlawful industrial action at Woodside's Pluto project have been ordered to pay over $1 million in total fines, with some individual fines reaching $10,000.
Mermaid Marine is a good barometer of activity in Western Australia's oil and gas sector and the company is looking for ways to diversify, including internationally.
