Apache Corporation and Kuwait Foreign Petroleum Exploration Co have teamed up with Chevron over the $25 billion Wheatstone gas project, leaving Woodside Petroleum to look elsewhere for extra gas supply sources for its Pluto expansion.
Returns to investors in two of Great Southern's wine schemes are likely to be lower after receivers McGrathNicol recommended the 2006 and 2007 wine grape income projects be wound up.
The retail property space in Perth city is tightening up with vacancies in the CBD malls falling by more than 7 per cent while rents are pushed to an all-time high of close to $5,000 per square metres, a new report shows.
Shares in Sandfire Resources climbed higher today after exploration work pointed to a new discovery at its Doolgunna copper-gold project, 150 kilometres from Meekatharra.
Joint venture partners Nido Petroleum and Kairiki Energy have sold a combined 15 per cent interest in the Tindalo oil project in the Philippines to international commodities trader, Trafigura, for $12.7 million.
Property funds manager Aspen Group has started the first stage of construction at its 900-lot St Leonard's Estate in the Swan Valley, as it halves its debt following the completion of a recapitalisation process.
Growing demand for Western Australia's agricultural commodities from Asia and the Middle East has boosted exports to a new record of $6 billion for 2008/09.
Galaxy Resources says it will award a key contract for its Jiangsu lithium processing facility after today revealing a slight increase in the operation's capital cost estimate of $55 million.
THE chairmen of two Perth-based resources companies have shown shareholders their loyalty, spending more than $1 million each in recent share transactions.
Colbern Nominees, a company backed by Brett Matich, has successfully rolled the boards of three Perth-based explorers, Prime Minerals, Blazed International and Power Resources.
Asset impairments and one-off items totalling $52.2 million substantially impacted Territory Resources' bottom line with the iron ore miner reporting a full-year loss of $71.4 million.
Synergy's recent decision to award energy supply contracts to Verve Energy has only strengthened Eneabba Gas' position to provide power in the Mid West region, the company claims.
Shares in two Perth-based explorers, Corvette Resources and Northern Mining, have skyrocketed today on latest exploration work at their respective projects that delivered high-grade gold hits.
Indian company Essar Mineral Resources has withdrawn its $144 million takeover bid for South Perth-based Rocklands Richfield, leaving Jindal Steel and Power's offer as the only one on the table.
Shares in Moly Mines surged higher today after the company last night announced a $US700 million deal with privately-owned Chinese company Hanlong Mining Investment for its flagship Spinifex Ridge molybdenum project in the Pilbara.
Canning Vale has emerged as the preferred suburb among first home buyers in the September quarter, as the median house price for first time buyers edged up to $380,000.
The time lag with New South Wales and Victoria has served private businesses in Western Australia well with the state topping the nation in terms of profit growth, a new survey has found.
South Perth-based Central Petroleum says it will launch proceedings against joint venture partner Petroleum Exploration Australia after the latter failed to execute a key contract condition after Red Sky Energy joined as a partner.
The awarding of contracts for the massive Gorgon gas project is gathering pace with operator Chevron so far handing out about $7 billion worth of work, including the latest $810 million contract to Dutch group Boskalis.
Hannans Reward managing director Damian Hicks will go ahead with the listing of his other company, Scandinavian Resources, which will launch its $6.5 million initial public offer next month.
Interest in iron ore juniors which hold projects in the Pilbara has increased on the back of BHP Billiton's takeover proposal of United Minerals Corporation.
West Perth-based gold and base metals explorer Laconia Resources has made a premium debut on the Australian Securities Exchange today, closing 17.5 per cent above its issue price.
The property sector has welcomed the federal government's $100 million pledge to encourage employers to take up apprentices this summer, as a report reveals a 20 per cent drop in new apprentices.
Fox Resources chairman Terry Streeter has spent more than $1.3 million buying shares during the past month as the company's share price surges more than 10 per cent.
Carnegie Wave Energy will investigate the feasibility of supplying wave power energy to a defence communications station, in its second contract with the Department of Defence.
Emergent Resources will seal a $205 million deal with a Chinese company next week that will pair the companies over the Beyondie iron ore project in the Mid West.
Shares in Aragon Resources have more than doubled on news the East Perth-based company will acquire private Australian company Hot Chili, which holds the largest identified uranium project in Chile.
Carnegie Wave Energy will go ahead with plans to develop its first wave energy project after the state government backed a relocation to Garden Island and reaffirmed its commitment to a $12.5 million investment.
Perth-based explorers Giralia Resources and Helix Resources will spin-off their Gascoyne gold assets into new company, Gascoyne Resources, which will seek to raise $6 million through an initial public offer.
Current tough lending conditions have forced businesses to stay with their current banks despite a fall in customer satisfaction, a new survey has found.
Strong support for Balcatta-based Conquest Mining has lifted its capital raising target to $65 million, which will pave the way for construction to start at its Silver Hill gold-silver-copper project in northern Queensland early next year.
