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Po Valley soars on gas discovery

Shares in Perth oil and gas explorer Po Valley Energy have skyrocketed today after the company announced a discovery at its Selva gas field in northern Italy.

Morning Headlines

Woodside revs up China gas push

Higher $A knocking on door of US80 cents

The Australian dollar is fractionally shy of 80 US cents, with the US dollar weakening ovenight amid fears of a possible federal government shutdown.

Aust shares shrug off Wall St, to open up

The Australian share market looks set to open higher despite an uninspiring Wall Street session.

Oil little changed after record crude draw

Oil is little changed, after prices ease early in the session, but are supported by a record drawdown of US crude stockpiles at the Cushing, Oklahoma delivery hub.

Gold under pressure as Bond yields rise

Gold is flat, trading in a narrow range, first dipping as the US dollar rose and then rising as the US dollar moved lower, but bullion's gains were limited by higher US Treasury yields.

Dolphins dive for mental health

Backed by South32 and Deloitte, brightly coloured sculptures of dolphins have begun cropping up across the streets of Perth as part of a public art exhibition for mental health.

Stockland gets green light for new shopping centre

ASX-listed property group Stockland is set to develop its fifth shopping centre in Western Australia after receiving state and local planning approvals for its Whiteman Edge Town Centre in Brabham.

Imdex plans $NZ40m acquisition

Mining equipment supplier Imdex expects it will be able to deliver substantial productivity benefits to its clients after striking an option agreement over New Zealand company Flexidrill.

Strong jobs growth continues

Western Australia's unemployment rate has fallen by a surprising 0.9 per cent in the month of December, while job numbers were up for a record-equalling 15th consecutive month nationwide, with economists giving positive assessments of the labour market.

Battery signs offtake deal

Perth-based Battery Minerals has signed an offtake deal for the supply of graphite concentrate at its Montepuez project in Mozambique to a private Chinese company.

Aust shares edge lower on energy weakness

Australian shares have closed barely lower, with banks and consumer stocks among the few sectors to record gains as energy and mining stock weakness weighed on the market.

Nacap wins WA pipeline contract

Melbourne-based Nacap Australia has won the contract to build a 200-kilometre gas pipeline to Gold Road Resources' Gruyere project near Laverton, and is pursuing other significant projects in Western Australia.

Car warranty company to refund $5m

A company selling car repair warranties will refund $4.9 million to thousands of customers who were sold high-priced cover by sales staff chasing bigger commissions.

Tietto, BlackEarth raise $11m in IPOs

Perth-based gold explorer Tietto Minerals got off to a solid start in trading today after raising $6 million in its initial public offering.

Pluto domgas timeline confirmed

The state's domestic gas market will soon receive a small supply boost, with Woodside Petroleum's Pluto project expected to begin pumping up to 25 terajoules a day into the network from the second half of this year.

Spitfire in $5m raising

Junior explorer Spitfire Materials has tapped investors for $5.3 million via a strongly supported share placement as the company ramps-up exploration work at its Western Australian gold project.

BHP maintains iron ore volumes

BHP Billiton has lifted production of copper, nickel and energy coal for the first half of fiscal 2018, but volumes were flat in its iron ore business while petroleum and metallurgical coal volumes were down.

Aust shares open up after record Dow close

Australian shares have opened comfortably higher after a strong positive lead from Wall Street with the Dow Jones Industrial Average closing above 26,000 points for the first time.

Morning Headlines

Wesfarmers closes in on US chemical firm Cyanco

Oil up ahead of US weekly inventory data

Oil prices have closed higher ahead of the release of US petroleum data that was expected to show a ninth straight weekly drawdown in crude inventories.

Gold holds near 4-month highs as $US slips

Gold prices have hovered near four-month highs as the US dollar slipped against a basket of currencies.

Quintis growers call meeting

Critics of sandalwood company Quintis, who are already calling for a spill of current directors, are now pushing to replace the responsible entity overseeing its 2002 project.

EC&M secures $130m of contracts

Local contractor EC&M has announced it has been awarded a series of contracts with a combined value of approximately $130 million, including a joint venture project in New South Wales with West Perth-based CPC Engineering.

Mining selldown drags Aust shares into red

The Australian share market has closed lower, with the materials sector heavily sold down on shifting commodity prices and expectations of a correction.

Are you thinking what they’re thinking?

How well you know your customers’ needs will go a long way to determining whether they remain your customers.

Stars align for WA science

Curtin University has attracted one of the world’s leading radio astronomers to help drive WA’s involvement in the SKA project.

Insurers repay $63m in car cover crackdown

Insurers Suncorp and Allianz will be forced to repay almost $63 million to thousands of customers who were sold worthless or near-worthless insurance add-ons when buying cars at dealerships.

Saracen on track for gold target

Saracen Mineral Holdings says it is on track for its 2018 financial year production target after announcing solid gold output for the December quarter, while also signing a deal to sell its Wallbrook project near Kalgoorlie.

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