WESTERN Australia has entered a new era of oil and gas-led development that will underpin the state's economic growth for decades, according to the head of the $43 billion Gorgon LNG project at Barrow Island.
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The momentum in the state's oil and gas sector continued today with construction officially starting on Apache Energy's Devil Creek domestic gas plant near Karratha.
VDM Group's order book has been boosted to $346 million after subsidiary Wylie and Skene was awarded a $14.2 million contract for works on BHP Billiton's Rapid Growth Project 5 in the Pilbara.
Shares in Eden Energy have surged after an Indian tea-plantation company ordered the Perth-based company's dual fuel system that could see diesel use slashed among industries reliant on generator power.
Perth-based energy specialist Enerji will investigate the potential use of its low-emission cogeneration technology in two of Babcock and Brown Power's power stations.
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Fresh from approving the massive Gorgon gas development, US energy giant Chevron said today that adding two more LNG production trains on environmentally sensitive Barrow Island remained part of the company's long term vision.
The market capitalisation of Western Australia's listed companies have continued their upward trend, adding a further 5.3 per cent in August to be collectively valued at $137.7 billion.
Australia's biggest single resource project has officially been given the go ahead by its joint venture partners, which have stated that the first phase of development will cost $43 billion.
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Woodside Petroleum and facilities management company Sodexo have been recognised at the Department of Mines and Petroleum's Golden Gecko awards for environmental excellence.
Chevron has secured three new offtake deals for its Gorgon gas project with Japanese and South Korean companies, which Prime Minister Kevin Rudd claims are valued at more than $70 billion.
BHP Billiton has given the go-ahead to a $US152 million ($A177 million) investment to enhance the processing of ore at its Mount Keith nickel operation in the eastern Goldfields.
Development of BHP Billiton's $1 billion Macedon domestic gas project off Exmouth has moved closer, following the formal start of front end engineering and design work.
Electricity sector expert Peter Oates has recommended a string of changes to electricity market rules and the contracts between generator Verve Energy and retailer Synergy to stem Verve's ongoing financial weakness and encourage investment in the sector.
AFTER decades in the doldrums under the weight of political obstacles, Western Australia's nascent uranium sector is poised to become a significant player on the world stage.
Synergy should be privatised, Verve’s market share should be less than 30 per cent and government should play a minimal role. That is what the energy market should look like in 10 years.
ON top of the $93 billion in major resources projects under way, a number of spin-off developments are planned to take advantage of the long-term growth in Western Australia's resources sector.
DESPITE the resilience of the Western Australian resources sector, underpinned by the imminent boom in LNG development, the past 12 months have been particularly difficult for many companies.
PERTH-BASED Energy Resourcing Australia supplies a range of innovative contracting service and recruitment solutions to a customer base that includes some of the world's leading companies.
The much anticipated review of state electricity generator Verve Energy, prepared by former Western Power executive Peter Oates, will be tabled in parliament by Energy Minister Peter Collier this afternoon.