The board of ASX-listed oil and gas company Norwest Energy will wait until the new year to cast its verdict on Chris Ellison’s offer for the business amid fierce competition for Perth Basin assets.
Rapid approvals proposed for green energy projects should also be available to gas producers, the industry has said, as a major shortage of the fuel is forecast for WA.
Plans to invest in LNG import terminals and boost exploration on the east coast could be jeopardised by a shock intervention in gas markets, Woodside Energy has warned.
A plan promising a cap on gas and coal prices, potential subsidies for miners, and $1.5 billion for households, has been labelled a “radical intervention” by industry.
The board is set for Gina Rinehart’s Hancock Energy to take control of Perth Basin desirable Warrego Energy after Kerry Stokes-backed Beach Energy declined to match a $342 million cash offer.
Strike Energy has muscled back in amid the fight for ownership of its joint venture partner Warrego, lifting its stake in the target to 19.9 per cent to become its biggest shareholder.
Warrego Energy shares are continuing skyward as investors wait to see whether Stokes-backed Beach Energy will match rival bidder Gina Rinehart’s $350 million cash offer for the Perth Basin developer.
Santos is holding firm on delivering first gas from Barossa in 2025 despite losing its fight to keep a key approval for the $US4.7 billion operation in a ruling that could have major ramifications for new projects.
Gina Rinehart's Hancock Prospecting could help solve a looming WA gas shortage, pledging to boost Perth Basin investment as it becomes the third company chasing Warrego Energy.
Underwater technology company Blue Ocean Monitoring has cited success in a recent seismic testing trial at its joint venture with major petroleum players as a big step towards an IPO next year.
AusGroup’s Australian businesses will likely be sold after the contractor’s Singaporean parent entered restructuring, but the company has promised no disruption to local operations.
Chevron Australia boss Mark Hatfield said he is determined to improve the company’s workplace culture after a report found nearly half of staff had been bullied.
Santos has been forced to temporarily shut down the John Brookes offshore platform in the Carnarvon Basin after finding a gas leak on the main pipeline.
Woodside Energy has failed to stop a Fair Work Commission hearing over an enterprise agreement for its North West Shelf workers after a court dismissed its application for injunction.
