Energy

Marine services company MMA Offshore will sell its Dampier and Broome supply bases to Toll Group for about $53 million to pay off debt, as the company revealed a $323.7 million half-year loss on the back of a large impairment charge.

Woodside Petroleum's boss received lower pay in 2016 despite the energy giant posting a surge in profitability, after the company restructured executive pay following a shareholder vote.

Subiaco-based energy company Australis Oil & Gas has announced an $80 million expansion of its shale acreage in the southern US, amid plans for a $100 million raising.

Soaring energy prices, driven by growing gas exports are putting jobs at risk and "politics-driven energy policies" are making the situation worse, Australia's peak business lobby group has warned.

WA Labor has vowed to employ at least 50 apprentices at Western Power every year if it wins the state election.

Perth-based Monadelphous Group has received a number of contracts with multiple clients including Fortescue Metals Group, BHP Billiton and Chevron, with the work worth a combined $120 million.

Pauline Hanson’s One Nation is hoping to put an end to decades of fracking in Western Australia, if the party wins seats in the upcoming state election.

WA Labor has promised the state’s sixth-largest town, Albany, would become fully powered by renewable energy – if elected – under a $19.5 million funding commitment with Carnegie Clean Energy.

Woodside Petroleum says it is considering new facilities at Pluto LNG to distribute the fuel in the Pilbara for mining and marine usage, as the company bounced back from large write-downs to post a sharp rebound in profitability for the first half of the 2017 financial year.

Outgoing Wesfarmers boss Richard Goyder has been revealed as successor to Michael Chaney as chairman of energy giant Woodside Petroleum, a week after we was named the next chairman of the AFL.

Woodside Petroleum has officially launched its latest marine craft, taking the opportunity to showcase the newly built platform supply vessel Siem Thiima in Fremantle due to its capacity to use LNG as a fuel.

Beach Energy has swung to a first-half net profit on the back of record sales volumes and higher oil prices.

Engineering and project management firm WorleyParsons says the slump in activity among its customers, which caused revenue to plunge by 35 per cent and pushed the company to a first-half loss, may have bottomed out.

A joint venture between Monadelphous Group and Jacobs Engineering has struck an agreement to provide services to Oil Search’s operations in Papua New Guinea, in a deal worth up to $US250 million.

Oil and gas producer Santos has halved its full-year loss and cut net debt as it continues to restructure and cut costs.

Origin Energy has flagged a hit to profitability a day ahead of its half-year earnings, announcing it will take a $1.9 billion impairment charge against the value of some of its major assets, including the Australia Pacific LNG project and its Browse Basin gas fields.

Woodside Petroleum executive vice-president Lawrie Tremaine is jumping ship to become Origin Energy's new chief financial officer.

A currency depreciation and weak market conditions for resources companies have driven net profit after tax down by 42.9 per cent at Henderson-based contractor Civmec.

Specialist oil and gas advisory firm Miro Advisors is planning to wind down its operations, a little more than six years after managing director Tim Woodall opened the business.

Sydney-based AGL Energy has said it would lose around $15 million in a bid to enter the Western Australian domestic gas market in the 2018 financial year, after it lodged a retailing application with the state's Economic Regulatory Authority. 

Local engineering and construction group Valmec has won a $5.4 million contract for work on DBP Development Group’s Tubridgi gas storage facility near Onslow, which will be the largest in Western Australia when completed.

Rising gas prices on the east coast have highlighted yet another anomaly in the GST structure that costs WA.

Perth-based Pacific Energy has won a contract to build and operate a five-megawatt power station at a gold mine near Meekatharra for an undisclosed sum.

A strong fourth-quarter performance has helped Oil Search narrowly beat its full-year production guidance, and the company forecasts steady output for 2017.

Australian Competition and Consumer Commission chairman Rod Sims has written to the local branches of two trade unions, saying they misrepresented his views on the float of Western Power in a recent advertisement campaign.

Oil and gas producer Santos has topped its guidance for 2016 with a 7 per cent rise in production and a 31 per cent jump in sales, boosted by the ramp-up of its Gladstone liquefied natural gas plant in Queensland.

Oil and gas producer Woodside Petroleum achieved a 3 per cent lift in production in calendar 2016, although the company expects output to fall by up to 12 per cent in the year ahead.

Local concrete construction business Whittens has won a $15 million contract with a joint venture comprising Monadelphous Group and ZEM Energy for work at the Sapphire wind farm in New South Wales.

National LNG exports were up 38 per cent in 2016, but Western Australian facilities did not contribute to the increase despite first gas being produced at Chevron’s Gorgon project, according to the latest research from EnergyQuest.

Recently renamed Carnegie Clean Energy has launched a $5 million capital raising to prepare itself for opportunities that may come up through its joint venture with developer Lendlease.

Perth oil and gas hopeful Po Valley Energy is heading to London, with the company planning to list its Sillaro gas asset in northern Italy on the London Stock Exchange’s Alternative Investment Market in a bid to raise up to $3.7 million.

A $52 million impairment has been taken by Alcoa World Alumina Corporation on its share of the Warro gas project in the Perth Basin, after the company determined exploration results by project operator Transerv Energy did not support the existing carrying value.