ARC Energy

AWE Limited subsidiary ARC Energy has announced it has achieved a 51.2 per cent ownership of Adelphi Energy, taking control of the company.

Shares in West Perth-based ARC Energy Ltd will be suspended from trading at the close of business today after the Federal Court approved its merger with Australian Worldwide Exploration Ltd.

Aspiring power generation company Aviva Corporation and ARC Energy have agreed to partner up to study the potential for sequestration of carbon dioxide in depleted oil and gas reservoirs in the North Perth Basin.

An independent expert's report by Deloitte Corporate Finance has concluded that Arc Australia Ltd's proposed acquisition of Anzon Australia Ltd is fair and reasonable.

ARC Energy is standing by its plan to pursue a $1.1 billion merger with Anzon Australia Ltd despite attempts by one of its biggest shareholders, Clive Palmer's Mineralogy Pty Ltd, to oust the current board and scrap the merger.

Oil and gas producers ARC Energy Ltd and Anzon Australia Ltd have announced they are negotiating the final terms of a merger that would create a $1.1 billion energy group.

West Perth-based petroleum explorer ARC Energy Ltd has received a $40 million prepayment from Alcoa Australia after signing a gas sales agreement for the delivery of up to 500 petajoules of gas from future discoveries, the company has announced.

West Perth-based petroleum explorer ARC Energy Ltd will farmin to two Canning Basin permits owned by Nedlands-based oil and gas explorer Empire Oil & Gas NL after completing two geophysical surveys.

West Perth-based petroleum explorer ARC Energy Ltd's plans to acquire the Wandoo Petroleum Pty Ltd Australian portfolio for $380 million have suffered a setback, with Canada-based Vermilion Oil & Gas exercising its pre-emptive rights to a major asset