Marine services company MMA Offshore has flagged a $140 million impairment in its upcoming FY16 results, with the majority of the charge attributed to its vessel fleet.
Power generation company Pacific Energy has won an eight-year contract extension to continue providing services at St Barbara’s Gwalia gold mine in Leonora.
TransAlta Corporation has had a small win in the Supreme Court after successfully defending an entitlements claim by Monadelphous Group, but the engineering firm is still pursuing about $33 million from a joint venture comprising a Pilbara-based subsidiary of the Canadian power utility and DPB Development Group.
Protean Wave Energy has recruited former Woodside Petroleum executive Steve Rogers as its new managing director, with his predecessor Bruce Lane and chief technology officer Sean Moore both stepping down from their roles at the clean energy company today.
Contractor Monadelphous Group has announced a move into the growing renewable energy market by setting up a joint venture with Newcastle-based ZEM Energy, with the two partners having already won work on a 270 megawatt wind farm near Canberra.
Subiaco-based Australis Oil & Gas has held its ground on its ASX debut, following completion of a $30 million initial public offering earlier this month.
A fuel supply system at Rio Tinto’s Cape Lambert port and work on a loading jetty at Ichthys’s Darwin LNG facilities are among $140 million of contracts recently won by Monadelphous.
Treasurer Mike Nahan has said encouraging private investment in the Pilbara electricity grid could reduce its excess capacity and also energy prices in the north west, at a Committee for Economic Development of Australia lunch today.
Australia’s enormous LNG investment boom is starting to pay trade dividends, with exports up 18.5 per cent in the month of June to 3.6 million tonnes, largely to Japan and South Korea.
Transerv Energy will be upping its interest in the Perth Basin after it inked a farm-in and drilling agreement with Norwest Energy for the offshore Xanadu Prospect, and will buy a 4.7 per cent stake in the junior for $200,000.
Premier Colin Barnett has softened his position on the proposed privatisation of Western Power, saying it could be used by Labor as a scare campaign in the state election next year.
Shares in engineering and construction business Valmec surged after the company announced plans to suspend dividend payments to preserve capital for its expansion plans.
Dampier to Bunbury Natural Gas Pipeline owner-operator DBP says pricing for the gas transmission line set by the Economic Regulation Authority today won’t be enough to earn a rate of return suitable for prevailing market conditions.
Energy giant Woodside Petroleum will proceed with development of its $US1.9 billion ($A2.6 billion) Greater Enfield oil project in the Carnarvon Basin.
Drilling services company Imdex has continued to refresh its board, with corporate adviser and company director Anthony Wooles recruited to replace long-serving chairman Ross Kelly.
Legislation to enable regulation of Western Power to transition from WA's Economic Regulation Authority to the independent national energy regulator has been introduced to state parliament.
