Energy

Japan's Inpex concedes the cost estimate for its Ichthys liquefied natural gas project (LNG) in the Timor Sea needs to be updated after its joint venture partner flagged a 30 per cent blowout.

Shares in Woodside Petroleum slumped six per cent to a seven-week low after the oil and gas producer's 2012 production target fell short of expectations.

Japan's Inpex Corporation has announced that a final investment decision on its Ichthys liquefied natural gas (LNG) project may be delayed until January.

Perth-based renewable energy company Solco has won a contract worth up to $850,000 to install solar power systems across seven buildings in Parkes, New South Wales.

Strategic Marine has ramped up its expansion ambitions, announcing it is set to launch two new divisions after winning two major fabrication contracts with John Holland in Queensland.

Santos says it plans to hold on to its Barossa and Caldita gas fields in the Timor Sea, saying they provide a long-term option to feed the established Darwin LNG plant.

Businesses that incorrectly attribute price rises to carbon pricing are being scrutinised by the competition watchdog.

Elders has posted a $395.4 million annual loss but said its underlying performance had improved and forecast an improved performance for the current fiscal year.

Petrol prices have fallen to a 10-week low and one economist is tipping cheaper fuel in the weeks ahead.

Prime Minister Julia Gillard is pleased with an APEC leaders' agreement to slash the region's energy intensity and cut tariffs on environmental products.

Uranium miner Paladin Energy has posted a much bigger net loss for the September quarter than a year earlier after booking an impairment charge for its Kayelekera mine in Malawi.

World oil prices drifted higher on Thursday but the market remained plagued by persistent doubts over the eurozone's debt crisis and in particular the plight of Italy, traders said.

Queensland-based engineering firm Intelara has opened a Perth office, in response to rising demand for its services in Western Australia.

Prime Minister Julia Gillard has defended the $23-a-tonne starting price for carbon emissions, after the price in Europe's carbon market fell to between $10 and $13 in recent months.

The Australian share market closed slightly lower after energy stocks lost ground and Westpac and Macquarie Group traded without a dividend.

Rio Tinto chairman Jan Du Plessis says he can't see European leaders coming up with a sustainable solution to the region's financial problems.

WEST Perth renewable energy business New Energy Corporation plans to build a $180 million waste-to-energy plant in Port Hedland to service the region’s growing population and the major resource pro

SECURING future access to fuels in Western Australia and the success of energy-efficiency measures in industry outside of a carbon tax were two key issues discussed at an energy conference in Perth

Voters appear to be abandoning the Prime Minister, Julia Gillard, and her rush to introduce a carbon tax. Money is just ignoring her.

WESTERN Australia’s largest renewable energy project has begun producing electricity three months ahead of schedule.

Incoming Woodside Petroleum chief executive Peter Coleman said today he would focus on delivering on the company's established strategy, including work on its three major growth projects Pluto, Browse and Sunrise.

Filipino workers paid "slave labour" rates on the North West Shelf could be entitled to tens of thousands of dollars in back pay, the Australian Workers Union says.

If a tax is put on carbon, 34,000 jobs will bloom from the clean energy boom - 1,000 in Western Australia - research from The Climate Institute shows.

Filipinos are working at "near slave labour" rates for a Danish shipping company on the North West Shelf, the Australian Workers Union says.

Perth-based engineering and construction group Clough has announced that its Clough Curtain joint venture has been awarded $209 million in work orders associated with the PNG liquefied natural gas upstream infrastructure project.

WA's steel industry has called for the Barnett government to release more details on how much local work has been created by Chevron's $43 billion Gorgon gas project and Fortescue Metals Group's iron ore operations in the Pilbara.

Oil and gas producer Santos has reported a 15.2 per cent increase in full year net profit on higher prices for the fuels.

Shell Australia and Woodside Petroleum have bolstered their relationship, entering a deal to redevelop fuel supply facilities at Dampier's King Bay.

Chevron has announced its tenth offshore discovery in Australia over the past 18 months, with a significant Carnarvon Basin find that will feed into its $43 billion Gorgon natural gas project.

Strategic Marine has cashed in on Chevron's Gorgon liquefied natural gas project, winning a contract to build four workboats for the consortium developing the gas jetty and other marine structures.

VERVE Energy is developing a $150 million wind farm near Geraldton with a private partner.

Burrup denies any misuse of funds - The Fin; State urged to make NBN uptake compulsory – The West; Infigen-Eurus mull Emu wind farm tilt – The Fin; EC ruling looms for Rio, BHP – The Aus; Brown makes gas hub stand – The West