Oil & Gas

Eric Streitberg will hand over the reins of Buru Energy to an executive moving from Beach Energy, later this year.

Rebecca Tomkinson will start as chief executive at the Chamber of Minerals and Energy of Western Australia in the coming months, the first woman to hold the role in the chamber's history.

Black Mountain Energy has applied for approval to more than double groundwater extraction for its planned fracking exploration program in the Canning Basin.

A Japanese business has completed the purchase of a $US327 million stake in Santos' Barossa gas project, just a week after reports suggested South Korean financing was in jeopardy.

Woodside's sales revenues were down 17 per cent for the first quarter of 2022 as the Russia-Ukraine conflict stoked LNG prices but hampered trading activity.

CIMIC Group is set to fork out roughly $492.5 million to settle an arbitration dispute over work at the Ichthys LNG plant in Australia's North West.

Woodside Petroleum has been offered a pipeline licence, and received approval for its field development plan, for the Scarborough to Pluto Train 2 LNG project.

Strike Energy has inked a five-year gas supply agreement with AGL's Western Australian business, Perth Energy.

A major new oil project off Western Australia is a significant step for fuel security at a time of intense international volatility, the government says.

Petrofac has been awarded a $325 million decommissioning contract for the stranded oil production vessel, while federal parliament has imposed a levy on the industry to foot the bill.

WA's isolation and size works against it in a climate of rapidly escalating oil prices.

Carnarvon Energy is chasing institutional backing to support its Dorado oil discovery last week, earning newcomer Barrenjoey Markets its second WA deal.

Santos and its junior exploration partner Carnarvon Energy have struck a discovery believed to host 43 million barrels of oil east of Western Australia's Dorado field.

Theia Energy's plan to drill two exploration wells in the Canning Basin, including through fracking, will be subject to the highest level of scrutiny by the environmental regulator.

South Perth-based explorer Finder Energy has garnered $15 million for its initial public offering against a backdrop of rejuvenated oil prices.

Woodside hopes to make ethanol from carbon emissions through a deal with two US businesses, while BP recently signed Honeywell for green diesel technology at the old Kwinana refinery site.

Perdaman Group is another step closer to building its $4.3 billion urea plant on the Burrup Peninsula, after the plan was unanimously approved by the regional planning body.

The state government will draft a framework for local carbon capture and storage, while it works on its own plans for a 2030 emissions target.

WA has a $40 billion investment pipeline in oil and gas, while the Browse project may be gaining momentum.

The state's environment minister has ordered the EPA to review a series of Gorgon LNG approvals, while the Gorgon Stage 2 project will be about $US1 billion under budget.

Plans for Perdaman Group's 2 million tonne urea plant on the Burrup Peninsula have been recommended for approval at a development assessment meeting next week.

The Supreme Court has thrown out two appeals by the state's conservation council to review the approval of Woodside's $16.5 billion Scarborough project.

Prime Minister Scott Morrison won't freeze fuel excise, even as global oil prices near $US100 per barrel with Russia and Ukraine on the brink of all-out war.

Higher prices have boosted profits at Woodside Petroleum to nearly $US2 billion, more than double the previous year.

Woodside's new leadership team will be split across Perth and Houston and include five BHP executives, in line with the merged entity's elevated global profile.

Billions of dollars of developments have waited years for approvals as regulators become more conservative and appeals add to delays.

Oil junior Triangle Energy will start trading tomorrow with an entirely different board compared to just one week ago, when it had announced its then chief executive had resigned.

Perth engineering company Monadelphous has secured a number of new contracts and extensions, including with Woodside and South32.

Shares in Subiaco oil play 88 Energy were down 14 per cent on the back of announcing a completed $32 million capital raising offered to institutional and sophisticated investors.

Cryptocurrencies are struggling as inflation and interest rates worldwide start to rise.

Shares in marine and subsea services provider MMA Offshore have risen more than 8 per cent following the company's announcement of a $68 million contract extension with Japan's Inpex.

Santos has booked 100 million tonnes of carbon storage resource within South Australia's Cooper Basin while reporting a substantial increase in reserves on the back of its Oil Search merger.