Tempo Australia has appointed the former chief executive of failed engineering firm RCR Tomlinson as an adviser, as a potential cost overrun looms over its Victorian solar energy project.
Oil Search has signed an agreement with the Papua New Guinean government for the Papua LNG Project, enabling initial work to begin on the giant development.
A joint venture between Perth-based Clough and Italy's Salini Impregilo has been awarded a $5.1 billion engineering, procurement and construction contract for the federal government’s Snowy 2.0 project.
An investigation of Synergy’s bidding behaviour by the state’s Economic Regulation Authority found the power generator may have breached pricing rules in nearly 13,000 half-hour trading intervals between March 2016 and July 2017.
Woodside Energy and the Australian Space Agency (ASA) have signed a statement of strategic intent and cooperation, which is aimed at promoting technology transfer between the space sector and the oil and gas industry.
RCR Tomlinson’s secured creditors may only receive around $70.6 million of the $230 million they are owed, and its unsecured trade creditors are likely to receive none of the $170.6 million they are owed, as administrators McGrathNicol recommended the failed engineering firm be liquidated.
Carnegie Clean Energy company secretary and non-executive director Grant Mooney has agreed to help fund the company’s operations, while administrators KordaMentha attempt to recapitalise its core wave energy business.
Woodside Petroleum has warned it would need to ramp down production at the Burrup Hub in the mid 2020s if the state government does not land on an emissions policy that would support the company’s $46 billion of backfill projects.
A second major project to backfill gas into the Gorgon LNG plant on Barrow Island is on the horizon, with Chevron appointing Norway-based Aker Solutions for front end engineering and design work on the Jansz-Io compression project.
The state government has ceased its funding agreement with Carnegie Clean Energy for its Albany wave project, a week after the company reported a net loss of $45 million for the half year.
A recommendation by Western Australia's environmental watchdog that new emissions-intensive projects should be carbon neutral has swiftly been rejected by the state government.
The Environmental Protection Authority has recommended that operators of future major projects in Western Australia pay to offset their carbon emissions, in order to help Australia meet its climate change obligations.
