Bolstered Macquarie comes out top in a lean year for corporate finance
Wednesday, 16 January, 2013 - 06:55
Competition in the state’s investment banking sector is hotter than ever despite a fall-off in takeover deals and capital raisings last year.
NEWS: Tagged in Gas recovery could fuel new boom | 02 Mar 2022 |
Competition in the state’s investment banking sector is hotter than ever despite a fall-off in takeover deals and capital raisings last year.
The highly-prospective Browse gas fields off the north-west of the state will be developed using floating liquefied natural gas technology, the project’s proponents have confirmed today.
An array of large and small projects will push WA’s petroleum production to 1 million barrels of oil equivalent per day for the first time next year.
Shell Australia boss Andrew Smith has defended his company's decision to walk away from an onshore gas development at James Price Point at an at-times heated parliamentary committee inquiry.
Woodside Petroleum has inked a deal to supply about 1.5 million tonnes of liquefied natural gas over three years to Japanese utility Chubu Electric Power.
The Environmental Protection Authority has appointed three delegates to assess the environmental impact of the state government's proposed Browse liquefied natural gas precinct.
New Standard Energy has reported a profit of $1.2 million for the half financial year ended December 31, with an income tax benefit helping shift its performance back into the black.
Oil and gas explorer New Standard Energy has sought to assure shareholders it is committed to its projects in Western Australia after deferring all of its Canning and Carnarvon Basin drilling activity until 2015.
Miro Advisors has been selected by oil and gas explorer New Standard Energy to manage the farm-out of its Western Australian exploration acreage, continuing four years of rapid growth for the Perth advisory firm, as detailed in this week's edition of Business News.
Woodside Petroleum has stuck with its planned timetable for the Browse gas project, announcing today it has reached agreement with its joint venture partners to commence front-end engineering and design ahead of a final investment decision by the end of 2016.
Costs would need to come down a further 25 per cent to breakeven at around $US40 per barrel of oil for the Browse LNG project to proceed, according to Woodside Petroleum managing director Peter Coleman.
Some of the North West Shelf Venture partners might either sell their stake in the operation or take an equity interest in potential projects such as Browse as one potential solution to find backfill liquids for Karratha gas plant in the next decade, according to a report by Wood Mackenzie.
BP is planning to drill its first well in WA in decades next year as it hopes to develop a Carnarvon Basin portfolio.
Woodside Petroleum is priming itself to begin design work on its $30 billion Browse LNG project by the end of the year, and has reiterated its intention for a final decision on construction during the first half of 2021.
WA has a $40 billion investment pipeline in oil and gas, while the Browse project may be gaining momentum.
Announced | Bidder | Target | Transaction Type | Total Value | |
---|---|---|---|---|---|
PetroChina | ConocoPhillips | Asset acquisition | >> | ||
PetroChina | BHP | Asset acquisition | $1.50bn | >> |