Mitsui & Co

Hydrogen, exporting carbon storage, and reusing greenhouse gases are on the table as oil and gas players seek emissions cuts.

The federal government has chipped in another $5 million to get Engie's green hydrogen under way, after costs lifted.

Rio Tinto and its Japanese partners have marked the 50-year anniversary of a joint venture that has seen the highs and lows of the iron ore industry.

A battle is looming for Perth Basin hopeful Warrego Energy, with Beach Energy lobbing the second takeover offer revealed in two days.

Italy's Webuild has backed out of a conditional deal to buy struggling engineer Clough, plunging the 102-year old Perth-based company into administration.

Mitsui & Co says it is confident of finding a workable solution for its Waitsia gas project as the share price of its joint venture partner Beach Energy continues to slide.

Matt Mckenzie and Simone Grogan discuss this morning's Success & Leadership event with Pilbara Minerals managing director Dale Henderson.

Mitsui E&P Australia and Beach Energy say subcontractors working for Clough on the Waitsia gas project have been paid.

UPDATE: Administrators for Clough have found a new buyer in Webuild, the company that pulled out of a lifeline deal to save the Perth engineer just over a week ago.

Administrators have granted Clough’s proposed new owner Webuild an extension to pin down a final agreement for the sale, allowing more time to negotiate and potentially take on more projects.

Gina Rinehart’s Hancock Prospecting has lifted its stake in Perth Basin gas play Warrego Energy to 25.9 per cent as a stand-off looms with rival bidder Strike Energy.

UPDATE: Details of the deal between Italy's Webuild and the collapsed Perth engineer have been released at close of business this afternoon.

Costs to develop Beach Energy and Mitsui & Co's Waitsia gas project could climb to $850 million, as Webuild prepares to take over the old Clough contract.

Billions of dollars of investment could be in the pipeline for Perth Basin as the state faces a crippling gas shortage within a decade.

The pipeline of big resources projects in WA increasingly features complex processing plants, despite a spate of large cost blowouts on projects currently under way.

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.

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

Ardea Resources has signed a memorandum of understanding with a Japanese consortium to develop a sub-set of its Kalgoorlie nickel project after tabling a price tag of $3.18 billion.

International energy company ATCO has scrapped plans to build what had been promoted as one of Western Australia’s first commercial-scale green hydrogen projects.

Premier Roger Cook will meet with companies including Mitsui & Co on the first day of his mission to Japan, as the government looks to sell its vision for the state’s renewable sector.

Premier Roger Cook has backed Woodside’s controversial Scarborough and Browse projects as part of the regional solution to Asia’s “acute anxieties” around energy supply.

Woodside Energy has joined other global players in signing the oil and gas decarbonation charter at the COP28 summit in the United Arab Emirates.

A year's a long time in the oil and gas business and plenty can change during that period.

Beach Energy and Mitsui & Co’s Waitsia stage two gas project will not produce this year and will cost hundreds of millions more than previously expected as a result of quality issues.

The alliance representing the state’s largest domestic gas users is ramping up its campaign to keep onshore gas in WA, as the premier’s stance on the issue appears to be wavering.

Driven by hungry investment banks and 160 years of trade history, Japan’s cultural and financial muscle is embedded in many WA industries.

The gap between contractor and company delivery deadlines is closing at the Waitsia gas project in the Perth Basin, but Beach Energy says the long-awaited development remains on track for production in early 2025.

Kerry Stokes-backed Beach Energy is on track to deliver long-awaited first production from the second stage of its Waitsia stage two project in early 2025.

Carbon capture and storage could generate more than $80 billion for the state economy over 20 years, according to new analysis funded by the Chamber of Commerce and Industry WA.

Premier Roger Cook has conceded not all businesses will be happy with his government’s decision to ease gas export restrictions, but insists it is the right move for the state.

Just one major resources project has been sanctioned in WA this year and the pipeline of future projects is thin, a review by Business News has found.

Beach Energy chair Ryan Stokes has called out “ideological rhetoric” against oil and gas proponents, as the company inches toward production at the troubled Waitsia plant.

The state government has unveiled its first action plan for carbon capture and storage in Western Australia, including investing $26 million towards two projects.

It has been a long time since big investors started spruiking plans for new salt projects in the north-west.

The near-term supply outlook for Western Australia’s domestic gas market has improved this year, but 2028 looms as a critical juncture in the state’s energy future.

A bushfire in the Mid West temporarily delayed work at Beach Energy and Mitsui & Co’s Waitsia stage two gas plant in December, while first sales are now expected in the June quarter.

Four major M&A deals last year highlighted Japan’s continued appetite for WA investments.

Japanese trading house Mitsui & Co will take a US$5.3 billion stake in Rio Tinto’s 6.8 billion tonne Rhodes Ridge iron ore project in the Pilbara.

Mitsui's new stake in Rio Tinto's Rhodes Ridge iron ore project has unlocked $10 billion in wealth for the heirs of Peter Wright, pushing Angela Bennett into fifth on our Rich List.

Despite a bearish recent outlook for the iron ore sector, money is still being put on the table for WA’s biggest industry.