Tap Oil has submitted an application to the Takeovers Panel requesting the disclosure of details surrounding major shareholders Risco Energy Investments and Chatchai Yenbamroong, and for the pair to be restrained from voting at the company's annual meeting.
Australian shares have started the week ignoring a positive lead from Wall Street and its fresh record highs, with local indexes unsettled and swinging in and out of positive territory at the opening of trade.
The Australian dollar is unchanged against its US counterpart, which was fallen to a two-month low as investors grow optimistic about the strength of the euro zone's recovery and lose their appetite for the greenback.
US oil prices have hit their highest levels in more than two years on Friday after the continued shutdown of a pipeline running from Canada to the United States was expected to reduce supply into a major storage facility.
Gold prices have dipped as some investors lock in profits at the end of the week, and risk appetite strengthened, but expectations hovered that gold prices could move higher next week.
It was a big weekend on the national stage for Western Australia's building sector, with several of the state's top names recognised at the Master Builders Australia National Excellence in Building and Construction awards, held in Hobart.
Chinese group CITIC is evaluating its options after the Supreme Court ruled on Friday that it owed Clive Palmer nearly $US150 million in royalties on its Sino Iron project in the Pilbara.
In this Business News podcast Mark Beyer and Mark Pownall discuss shipbuilding, Landcorp/MRA merger, Margaret River Gourmet Escape, AHG, Sirona Capital and WA dynasties.
Site works have commenced today at The Amble Estate in Girrawheen, where the Department of Communities, Yolk Property Group and Ventura Home Group have partnered to develop 4.2 hectares of underutilised land into an affordable residential community.
Westpac Bank has absorbed the Western Australian business banking operations of its wholly-owned subsidiary St George Bank, adding to a string of changes in the sector.
Environment Minister Stephen Dawson has endorsed the environmental watchdog's rejection of Mineral Resources' Jackson 5 and Bungalbin East iron ore project, however, the government is yet to make a final decision on the proposal.
The state government has signed an agreement with the mining industry to ensure social and economic benefits to the Pilbara community with a focus on pathways to employment.
Kalium Lakes will raise $14.2 million in an oversubscribed share placement with plans to complete a bankable feasibility study and start early site preparation works at its Beyondie sulphate of potash project in the Pilbara.
Greenland Minerals is set to raise $10.25 million through a share placement with the funds to be spent on technical optimisation and completion of permitting for its Kvanefjeld rare earths project.
Perth companies Austal and Civmec are looking forward to working on the construction of 10 navy vessels at Henderson but the amount and type of work they will undertake is unclear after the federal government selected Germany's Luerssen as its preferred designer and builder.
Australian shares are trading lower in early trade, with investors wary after a sharp decline in the Chinese markets on Thursday and with Wall Street closed for a public holiday.
US crude has hit a two-year high in thin trade as the shutdown of a major crude pipeline from Canada and a draw on fuel inventories pointed to a tightening market, despite rising output from US producers.
The Australian dollar is higher against its US counterpart which has sustained further losses as investors trim bets on the outlook for US interest rate rises in 2018.
Gold prices have steadied to trade nearly flat after rising nearly one per cent in the previous session as the dollar extended its swoon amid reduced expectations for US interest rate hikes next year.
The state government has approved design alterations to the Swan River pedestrian bridge in an attempt to cut $4 million in construction costs, while also announcing further delays to the bridge's opening date.
Australian businesses are underprepared for serious data breaches due to a lack of investment and awareness of cyber security, Ernst and Young's latest global information security survey has found.
Mortgage broker Aussie is bullish on the Western Australian property market, with the national operator aiming to add four new stores and more than 20 brokers in the state over the next two years.
Local developer Sirona Capital has partnered with Singaporean-owned property management company CEL Australia to deliver a new luxury apartment tower in South Perth.
