Energy

Energy technology company Enerji has landed its first commercial contract and deployment into the Australian market with the finalisation of a power purchasing agreement with Northern Star Resources.

Oil and gas company Buru Energy has flagged job cuts and the sale of acreage in the Canning Basin to save costs, as a drilling contractor employed at Buru’s Ungani project falls into administration.

Energy analytics firm Greensense is set to be acquired by Brisbane-based energy provider ERM Power in an all-cash deal worth $5.25 million.

The consumer watchdog has found retail margins in the petrol industry are at their highest level since monitoring began 13 years ago.

Engineering contractors Monadelphous Group and Wood Group have secured new contracts with Woodside Petroleum and ConocoPhillips to service existing oil & gas facilities.

The Australian Competition and Consumer Commission is understood to be investigating Synergy following predatory pricing complaints from several players in the state’s electricity market.

Analyst firm EnergyQuest has predicted lower liquefied natural gas prices will not lead to Australian operations switching off or cutting back production, in its latest quarterly review of the industry.

The latest official report into Western Australia’s gas supply and demand outlook has raised the ire of a group of major domestic gas users, which says some of its key findings are misleading and called for an independent review into how the report is compiled.

Chinese investors appear increasingly bullish about opportunities in Western Australia’s energy sector, following revelations a division of China’s biggest offshore oil and gas producer, CNOOC, was a significant influence in one of the state’s biggest battery storage trials.