Energy

Oil and gas giant Inpex will hang its logo 24 storeys above the Perth CBD, after confirming it will stay put at 100 St Georges Terrace, one of two new leases covering 20,000 square metres in the ISPT-owned building.

The developer of the Ichthys LNG project has moved to assure the 800 workers affected by Laing O’Rourke’s ejection from site that it would redeploy as many as it could to keep construction going.

Australian Vanadium has joined fellow Perth company Carnegie Clean Energy in hoping to help solve South Australia’s energy crisis, today committing to tender to build a battery storage facility in that state.

Shares in Carnegie Clean Energy jumped 23 per cent today, with the company likely to receive financial support for an Albany wave project from the newly elected state government, while environmental activists are already putting pressure on uranium miners.

Woodside Petroleum executive Jeroen Buren has been named acting president of the Chamber of Minerals and Energy of Western Australia, filling the role left vacant by Brian Reilly, who has moved to Canada to take on a new role with Cameco.

Woodside Petroleum boss Peter Coleman has received $2.9 million worth of shares in the Perth-based energy giant as part of a short-term incentive under his executive employment contract.

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.

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.

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.