Energy

High investor demand has lifted Carnegie Corporation's capital raising target to nearly $6 million with funds to be used to acquire the intellectual property rights to a wave energy technology.

Mining services company Emeco Holdings has again cut its net profit forecasts for the current financial year as a result of continuing volatility in global mining and construction industries.

Swiss company Agility Project Logistics has entered into an agreement valued at $250 million with Chevron Australia for supply base operations and transportation services to support the Gorgon gas project.

Paladio Group has confirmed a $57 million contract to design and construct an accommodation village in Port Hedland for BHP Billiton.

BHP Billiton Nickel West has been ordered to rectify breaches of the state's electricity licences or face a fine of up to $100,000.

Plantation Energy Australia has secured a $60 million, three-year deal with a Geneva-headquartered energy trading company for the supply of wood pellets.

RCR Tomlinson, in joint venture with Laing O'Rourke, is the latest company to be awarded work within BHP Billiton's Pilbara iron ore expansion efforts, securing a $150 million contract.

Mines and Petroleum Minister Norman Moore says he is "disappointed" the Federal Court has ruled in Apache Energy's favour over a claim relating to an inquiry into the Varanus Island gas explosion.

The Chamber of Commerce and Industry WA has welcomed the state government's environmental nod for the development of Apache Corporation's Devil Creek gas plant, but says there is room for improvement in the approvals process.

BHP Billiton has taken further steps to develop its Yeelirrie uranium deposit near Wiluna, immediately attracting criticism from environment groups but winning support from the pro-uranium state government.

The senior executive team at Wesfarmers has agreed to a salary freeze for two years and will forego individual bonuses potentially worth a collective $4.5 million.

South Perth-based Cooper Energy says it has had to reduce oil production from a new well in South Australia after reaching production capacity at nearby fields.

Environment Minister Donna Faragher has today given approval for the development of the Devil Creek onshore gas processing plant, a joint venture between Apache Energy and Santos.

Oil and gas explorer Red Fork Energy has raised $5 million through a placement to fund the development of its projects in Oklahoma.

Western Australia continues to dominate the country's share of capital investment on advanced projects with latest figures showing the state accounted for more than 70 per cent of expenditure.

West Perth-based Continental Capital has taken a further step towards establishing itself as a coal producer after securing a $20 million debt facility and a deal to acquire two more coal assets.

Woodside Petroleum has entered a deal with Apache Corporation for the supply of gas from two Western Australian fields for a second processing train at its Pluto liquefied natural gas (LNG) facility.

EIGHT former company directors and families have managed to bypass the global economic downturn, cashing in their shareholdings before the world went belly-up.

WESTERN Australia's energy users have developed a gas security plan they believe should be implemented to the benefit of the domestic power sector.

If we are to have a carbon tax, it’s important we get it right – first time.

JODY Elliot launched recruitment website Mineblogger at the height of the resources boom to assist organisations dealing with the shortage of skilled labour.

THE stock market provides a very public barometer of the diminished wealth of many Australians over the past year.

As the state rushes to commit to a port at Oakajee, it would do well to heed the warnings of previous infrastructure arrangements.

THE state government has established a working group to review energy infrastructure options in the Mid West after its surprise decision to defer the upgrade of the transmission line to Geraldton.

State and federal budgets provide some welcome, but unexpected, outcomes.

LAST week, the Baltic Dry index, which is a benchmark measure for freight costs of bulk commodities including iron ore, coal and grains, rose 22.

Neptune Marine Services has secured $20 million worth of contracts with a range of blue-chip companies including BHP Billiton and Woodside Petroleum.

Moly Mines has today appointed David Craig as its new chairman while director Kurt Talbot has ended his one-month stint on the board.

Singapore-listed AusGroup expects to nearly double its order book after it agreed to buy scaffolding business Modern Access Services (MAS) for $15 million.

Woodside Petroleum has executed a $US1.1 billion ($A1.4 billion) syndicated loan facility with 26 domestic and international banks.

Gindlabie Metals says the timing of its Karara iron ore project will not be affected following the state budget's omission of an upgrade for the Perth to Geraldton transmission line.

Mount Pleasant-based Comet Ridge plans to raise $21 million to fund exploration efforts at its coal seam gas projects in Queensland and New Zealand for the next 18 months.