Woodside Petroleum denies it is looking to sell a major part of its stake in the proposed Browse basin liquefied natural gas project, but has confirmed it is evaluating the potential sale of a minority portion of the development.
Labor leader Mark McGowan has announced his new shadow cabinet and created a portfolio to address cost of living pressures. Portfolios to focus on the Suburbs, Economic Reform and Early Childhood have also been created.
Resource industry analysts have hailed Range Resource’s partnership with Trinidad’s Leni Gas & Oil to effectively merge their oil and gas exploration assets in southern Trinidad, saying the agreement gives Range significant upside potential.
Western Australia’s Chamber of Minerals and Energy has predicted investment in the state’s resources sector to continue at pace, driving the state’s Gross State Product up 4.3 per cent in 2011-12, and up 6 per cent for the following two years.
Oil and gas explorer Rialto Energy has announced a $60 million capital raising initiative to fund a three well drilling campaign at its Gazelle gas field off the coast of Cote’ d’Ivoire.