Oil & Gas

Woodside spent $18 million on property near Lancelin last month, adding to 20,000 hectares landbanked in Western Australia for carbon abatement.

Woodside Energy has committed to develop the US$7.2 billion ($10.5 billion) Trion resource in Mexico, acquired as part of its deal for BHP Petroleum in 2022, with first oil targeted for 2028.

The state government has backed Strike Energy’s gas acceleration strategy, which involves progressing four domestic gas projects to commercial production by 2025.

Beach Energy has plugged and abandoned its Trigg 1 gas exploration well, making it the second target in the Perth Basin to record disappointing results in the past three months.

Chevron Australia has announced the production of first gas from the $4 billion Gorgon Stage 2 project, which involved the installation of 11 additional wells.

Woodside is investigating the cause of an incident that resulted in a loud noise and dark smoke from its Pluto LNG plant near Karratha.

WA produces a diverse array of minerals, yet one commodity dominates the sector.

Chevron Australia says venture partners - not taxpayers - will stump up the costs of getting the massive Gorgon carbon capture system up to promised levels.

Federal treasurer Jim Chalmers has called for the state's resources bosses to push the coalition to support LNG taxation changes, while reiterating WA's contributions to the federal economy.

Cost pressures have led Beach Energy and Mitsui & Co to withdraw schedule and capital estimates for the stage two development of the Waitsia gas project.

Questions are being asked about the future of WA’s gas supplies amid increasing pressure on emissions.

East coast gas supplies may continue to dwindle - extending bill shock - as developers and investors are spooked about the risk of more price controls.

Oil and gas player Buru Energy has restarted production from the Ungani oilfield after its operations were impacted by ex-tropical cyclone Ellie in January.

Nine industrial zones to "carpool" emissions and give gas a long-term role in the economy have been mapped by the industry with help from CSIRO scientists.

Strike Energy has received approval to commence seismic surveying at its Eneabba Deep permit, allowing it to scope the Perth Basin gas prospect.

Key crossbenchers say the government should go further with its changes to the Petroleum Rent Resource Tax to get better value for taxpayers.

Western Australia’s peak business lobby has called for a quick end to debate over imposing higher taxes on mining sector profits after a lift in the petroleum sector's profit tax.

Strike Energy is gearing up to report its first operating profits from the Walyering gas field after finishing the quarter in a “unique position”, its chief executive says.

Perth company Perdaman has started work on one of WA's largest projects after gaining backing from Global Infrastructure Partners, the same group that backed Woodside’s Pluto gas project.

Engineering and remediation company Duratec has upgraded its revenue guidance for the 2023 financial year after recording strong growth.

A surprise ASX announcement from a national fertiliser company has revealed that private Perth company Perdaman has secured funding for its giant $6.4 billion urea project in the Pilbara.

Woodside Energy has cited lower prices and maintenance activities for its opening revenue falling 16 per cent below the previous quarter’s result.

The oil and gas industry has pushed back on possible federal budget changes to tax settings that could see the industry pay more.

New emissions targets for Chevron’s Wheatstone LNG plant have been signed off by the state government.

Treasurer Jim Chalmers has signalled the federal government will tighten the Petroleum Resource Rent Tax to bring in more revenue after Treasury completed a major review.

ANALYSIS: The Australia Institute seems to have had a change of heart about inflation, but can’t quite admit it.

The federal government says up to $300 billion of hydrogen projects are in the pipeline in Australia, claiming the country is poised to become a green energy superpower.

Chevron Australia’s profit more than tripled to $12 billion in 2022.

Perth-based contractor Whittens has been fined $425,000 over the death of a worker at Inpex’s Ichthys LNG facility near Darwin in 2017.

AOG: The biggest project in the state's history is set for a third stage of development, five years after Chevron committed $US5 billion for Stage 2.

AOG: Woodside will spend $US2 billion on decommissioning by the end of the decade, while Chevron has touted a similar value for local contracting work on Jansz-Io.

Gas and electricity service providers recorded the largest drop in business turnover, while iron ore and lithium miners drove revenue in the industry.