Singapore-based Mitra Energy has completed the $US10 million ($A13.3 million) purchase of the Stag oil field off the Pilbara coast, but is still awaiting regulatory approval to take over as operator.
Engineering and construction contractor Decmil Group has won a $17 million extension to its contract with QGC for work at the Queensland Curtis LNG project in Gladstone.
Oil and gas explorer Xstate Resources has entered into an agreement to acquire a 24.5 per cent stake in a producing onshore oil field in California for $US13 million ($A17 million).
Mining entrepreneur Andrew Forrest has made a move into onshore oil and gas, with Squadron Resources, a subsidiary of his Minderoo Group, to explore and develop the Canning Basin in an 80:20 venture with privately owned Goshawk Energy.
Energy giant Woodside Petroleum says it has completed its $US440 million purchase of ConocoPhillips’ stake in an oilfield off the coast of Senegal, despite leaving a contractual dispute with one of the project’s partners unresolved.
Mike Nahan says recycling of capital invested in Western Power will be key to job creation and economic growth in Western Australia’s transitioning economy.
Carnegie Wave Energy has wholly acquired solar power and lithium battery storage provider Energy Made Clean by purchasing the 65 per cent stake it didn’t already own.
Southern Cross Electrical Engineering shares lost nearly a quarter of their value today after the company warned of a $2 million loss for the six months to December.
Iron ore producers have maintained their dominance over the BNiQ Search Engine Biggest Exporters list, as LNG producers are slow to start up. Click through to see the annual list of the state's biggest exporting companies.
Premier Colin Barnett has confirmed plans for an initial public offering of Western Power are on the table, while the opposition has blamed the privatisation plans for the alleged cancellation of a contract with a major supplier.
Western Australian gas producers shipped 2.2 million tonnes of LNG in September as quarterly exports were up 45 per cent nationally on last year, according to consultancy EnergyQuest.
Power generation company Pacific Energy’s second-largest shareholder has sold its $50 million stake in the business to a number of undisclosed investors.
Western Australia is emerging as a market leader in the uptake of microgrid technology in electricity markets, with recent announcements by Horizon Power and Carnegie Wave Energy part of broader moves across the sector.
If the Western Australian government is seeking a marketing advantage over other states, it has just been handed one in the form of the disastrous energy policy destabilising the rest of the country.
