Buru Energy

Business News’ index of 30 Western Australian stocks hit an all-time high this week, helped by solid gains by copper miner Sandfire Resources, oil and gas giant Woodside Petroleum and engineering and construction contractor Monadelphous Group.

West Perth-based Buru Energy has sold a 50 per cent share in its Ungani oilfield to Chinese-backed Roc Oil for $64 million, as part of a broader deal the company hopes will unlock its assets in the Canning Basin.

SPECIAL REPORT: Battery metals businesses such as Pilbara Minerals, Altura Mining, and Western Areas have joined AusCann Holdings, Buru Energy and OM Holdings among the best-performing stocks in the year to June.

The state government will lift a ban on fracking in prospective areas of Western Australia after an independent inquiry found the petroleum exploration practice to be low risk.

As the debate continues from the state government’s recent decision on fracking, it is worth considering some of the potential projects that may proceed.

Buru Energy has confirmed Andrew Forrest has taken a small stake in the company, after the oil producer responded to a price query today.

Former Buru Energy managing director Keiran Wulff will replace outgoing Oil Search managing director Peter Botten, with the long-serving leader to hand over the reins in February.

ANALYSIS: Plans for oil exploration in the Canning Basin announced over the weekend may deliver good news for Western Australia, but some of the claims surrounding the latest drilling program are extravagant to say the least.

SPECIAL REPORT: The Perth Basin could be in for a transformational year.

Buru Energy said today it has maintained production at its Ungani oil project in the Kimberley but has joined other resources companies, including Australian Vanadium, in cutting salaries, directors fees and other spending to preserve cash during the COVID-19 pandemic.

More than $100 million has been raised in recent weeks for onshore oil and gas developments in WA.

Buru Energy shares fell 10 per cent today after it revealed the state’s border closures had slowed exploration work, compounded by drilling problems.

Poynton Stavrianou has laid claim to being Perth’s largest fully-independent investment bank after appointing a new director and reporting growth in its operations.

Scott Morrison has used his trip to Western Australia to announce grants for eight businesses in the mining and energy sector, with the biggest grants going to two new hydrogen hubs.

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

Origin Energy is expected to divest its 50 per cent stake in an oil and gas exploration venture with Buru Energy as the gas and electricity major turns its focus to “cleaner” projects.

Political editor Gary Adshead reflects on the Queen's reign and recounts his single interaction with the royal family in the 1990s.

Buru Energy executive chairman Eric Streitberg has started a non-executive role in the oil and gas company, with recently appointed chief executive Thomas Nador taking over some of his duties.

Road closures have forced the suspension of oil transport from Buru Energy’s Ungani oilfield located 90 kilometres east of Broome.

JV partners Buru Energy and Mineral Resources' subsidiary Energy Resources have become the largest acreage holders in the onshore Carnarvon Basin and Merlinleigh Sub-basin.

Flooding in the Kimberley has affected the community and highlighted the argument for freight network resilience.

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.

Buru Energy and ROC Oil will review operations at their Ungani oilfield in WA’s Kimberley after consultation with Main Roads WA over heavy vehicle traffic access impeded by weather damage.

Buru Energy will explore commercialising its Rafael gas and condensate discovery in the Canning Basin by 2027 through a phased development strategy announced today.

Buru Energy has confirmed it will suspend operations at its Ungani joint venture oilfield after discussions with Main Roads WA.

Buru Energy has sold a 25 per cent stake in onshore Carnarvon Basin permit and applications to JV partner Mineral Resources, as it sharpens its focus on its Rafael gas and condensate discovery.

Businesses are being urged to stock up inventories as the prospect of more freight disruptions looms over WA coming into the wet season up north and fire season down south.

Buru Energy is actively pursuing a joint venture partner to help it bring its Canning Basin gas interests into production, less than a year after buying out Origin Energy’s share of its projects.

A new bridge spanning the Martuwarra Fitzroy River will be opened by the end of the year, more than six months ahead of schedule.

A stigma attached to oil and gas in the Kimberley is holding back the region’s potential, according to the boss of the region’s busiest explorer.

Broome may be growing and changing but some things remain, with economic benefit, community and the environment a constant source of public debate.

Business News has significantly overhauled the BN30 index, a proxy for the WA economy, with seven new additions, prompted by the exit of takeover targets MMA Offshore, APM and Decmil.

Long-standing chairman of Buru Energy Eric Streitberg has retired from the board of the oil and gas company, with David Maxwell taking the reins.

Kimberley gas aspirant Buru Energy will cut its workforce by 40 per cent, following a comprehensive review designed to reduce spending by $3 million each year.