Energy

Shares in Carnegie Corporation have risen as much as 27 per cent in trade today on the back of the state government investing $12.5 million in the company's new low-emissions power station off the coast of Albany.

Unions demand export licences; Austal chief confident of US Navy ship deal; British mutiny at Rio sell-out; Moody's review blues; Gillard pays employers to save jobs

Premier Colin Barnett remains optimistic that Inpex may change its mind over the location of its $15 billion liquefied natural gas project after meeting with the company's senior executives.

Engineering and construction company Paladio Group says it is well placed to deliver a profit for fiscal 2009 despite a possible $4 million hit from the suspension of works at the Windimurra Vanadium project.

Losses from discontinuing operations have hit Clough's bottom line with the engineering and construction company reporting a 30 per cent fall in its interim net profit.

THE slowdown in new project and construction activity is starting to flow through to engineering and consulting firms, with GHD shedding at least 60 staff from its Perth office.

IN what is already being pegged as the biggest office leasing deal of the year, Chevron has signed a 10-year lease agreement for the entire 14-level Dynons Plaza office tower.

Has the government superannuation fund GESB's mutualisation stalled for good?

Labor’s state election loss last year may have changed the way the party works in WA forever.

Extensive, untouched coal reserves and increasing demand for power generation makes Tanzania an attractive prospect for WA miners.

Shares in Aspen Group have climbed higher as the property developer reveals a slight downward adjustment to the value of its investment portfolio.

Engineering and construction firm Clough has confirmed it has decided to sell its 82 per cent stake in PT Petrosea Tbk.

Western Australia will not be immune from Japan's worst economic slump since World War II, however demand will continue for key commodities iron ore and liquefied natural gas, an economist said.

Shares in South Perth-based Central Petroleum soared 56 per cent before entering a trading halt, following a report that more than a trillion tonnes of coal could be extracted on the South Australia and Northern Territory border.

The West Australian Symphony Orchestra has announced that this year's tour of Japan, which was backed by the North West Shelf gas joint venture, will not proceed due to the downturn in the Australian and Japanese economies.

Russian mining giant Norilsk Nickel is planning to close all of its mining and exploration operations in Western Australia, resulting in the loss of about 330 jobs.

Wesfarmers has confirmed a sharp downturn in earnings in two of its Perth-based business units, with the energy and chemicals & fertilizer divisions both adversely affected by last year's Varanus Island gas explosion.

Woodside Energy has awarded its Karratha waste management and industrial services contract to Nedlands-based Tox Free Solutions.

Directors in Incremental Petroleum have unanimously recommended TransAtlantic Petroleum's takeover offer after securing a further increase in the cash bid.

Rio, Chinalco ink $US20bn deal; Arrow fires new Pure Energy bid to oust rival; CBA flags first cut in 17 years; China's trade slump fuels global fears; WA chases miners for $300m

CORPORATE activity in the energy sector picked up a notch this week when acquisitive BG Group launched a $796 million cash offer for South Perth-based Pure Energy Resources.

The owners of the Dampier to Bunbury natural gas pipeline have taken direct control of asset management activities that previously were run by Babcock & Brown Infrastructure subsidiary Westnet Energy.

LAST week, Briefcase looked at the many opportunities presented by Australian gold miners and project developers.

ENERGY-EFFICIENT air-conditioning systems, wind turbine component manufacturing and efficient grinding mills are among Western Australian projects to receive federal funding in the first round of Climate Ready grants.

The takeover battle for Pure Energy Resources has escalated with first suitor Arrow Energy trumping BG Group's $796 million offer with an $890 million cash and scrip bid.

The state opposition has urged the government to make haste with the awarding of over $9 million of grants to developers of innovative energy technologies.

Carnegie Corporation has signed a licence agreement with the South Australian government to investigate a suitable site for a wave energy project.

Shares in Emeco Holdings soared after the earthmoving equipment provider foreshadowed a record interim result and full year earnings in line with expectations.

The global economic slowdown has forced engineering company Sedgman to write-off $20 million of goodwill value from its Perth-based subsidiary Intermet Engineering, which it bought less than two years ago for $32 million.

Golden Gate Petroleum plans to raise up to $6.32 million through a share purchase plan, with funds to go towards ongoing development work at its Bullseye oil project in the United States.

Shares in Forge Group have surged as much as 59 per cent as the company secures $97 million worth of contracts, including work on the Pluto liquefied natural gas project and the Dampier to Bunbury pipeline.

Perth-headquartered Pure Energy Resources shares have surged as much as 29 per cent after BG Group launched a $796 million takeover bid for the coal seam gas explorer.