Australia's No.2 independent gas producer Santos Ltd has posted record quarterly production, boosted by its acquisition of Quadrant Energy assets, a day after it announced an '"exciting" gas discovery in the North West Shelf.
Shell has sold its interest in the Greater Sunrise offshore fields to Timor Gap, the national oil company of Timor-Leste, for US$300 million ($420 million).
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Oil Search has signed an agreement with the Papua New Guinean government for the Papua LNG Project, enabling initial work to begin on the giant development.
Woodside Petroleum and Chevron have applied for a new licence for their Kitimat LNG plant in northern British Columbia that could nearly double the project's size to produce 18 million tonnes per annum (mtpa).
North America-focused Otto Energy is seeking to raise $11 million via a share placement and $20 million through a one-for-five rights issue, both at an issue price of 5.3 cents per share.
Woodside Energy and the Australian Space Agency (ASA) have signed a statement of strategic intent and cooperation, which is aimed at promoting technology transfer between the space sector and the oil and gas industry.
Western Australia's resources industry experienced record sales in 2018, up 16 per cent from the year prior, thanks largely to a rise in liquefied natural gas (LNG) exports.
Asian LNG spot prices have dropped more than 50 per cent in recent months as supply growth overwhelmed strong demand, according to Bank of America Merrill Lynch.
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Online LNG marketplace GLX has announced a partnership with US-based information service OPIS to create LNG indices, a week after Woodside announced it had invested in the platform.
Emissions guidelines for a series of Western Australian energy mega projects are still unclear after the Environmental Protection Authority announced it would withdraw its net zero carbon policy, released last week, and head into months of consultation.
Western Gas is continuing planning work on a project to produce gas from the Equus field at a near-shore floating LNG facility, with a probable price tag of $US3.5 billion.
Perth-based Bhagwan Marine has diversified its business beyond its traditional focus on northern Australia by winning a marine maintenance contract at Port of Melbourne.
Automotive Holdings Group has slipped out of the benchmark S&P/ASX 200 index, while six Western Australian companies have moved into the S&P/ASX 300 index.
A recommendation by Western Australia's environmental watchdog that new emissions-intensive projects should be carbon neutral has swiftly been rejected by the state government.
The Environmental Protection Authority has recommended that operators of future major projects in Western Australia pay to offset their carbon emissions, in order to help Australia meet its climate change obligations.
Chevron has announced its Wheatstone domestic gas plant is ready to begin regular supply, two months after successful test flows into the market and two years after the first LNG shipment.
Woodside Petroleum and Santos, Australia's top two independent gas producers, are being urged by activist investors to set carbon emissions targets to help limit climate change.
Major changes to government policy after the federal election could risk future investment in backfill gas projects, some of which are already quite marginal, according to Shell Australia chair Zoe Yujnovich.
Oil prices touched their highest since mid-November on Friday and posted weekly gains for the second week in a row, boosted by hopes that US-China trade talks would soon produce a deal, although new record US oil supply limited gains.
Santos, Australia's second largest independent gas producer, has reported a more than doubling in full-year underlying profit following the acquisition of Quadrant assets and higher realised prices for its oil and gas.
Australis Oil & Gas is seeking to raise $30.5 million via a share placement, with the funds set progress its Tuscaloosa Marine Shale project in the US.
Western Australia will know as early as next year if Woodside Petroleum's Scarborough, Pluto and Browse gas projects, worth a combined $36 billion, will be given the green light, as the business posted a 28 per cent rise in profit today.
