Ferguson awards 12 offshore exploration permits

Twelve new offshore petroleum exploration permits have been awarded in waters off Western Australia and Victoria, which would see some A$303-million in new investment over the next three years. Federal Resources and Energy Minister Martin...

Woodside sells $2bn stake in Browse project

Australian oil and gas miner Woodside Petroleum has sold off a $2-billion stake in its Browse liquefied natural gas (LNG) project, in Western Australia, to Japan Australia LNG (MIMI). MIMI would take a 16% interest in the East Browse joint...

Woodside set for 2012 targets

ASX-listed Woodside Petroleum on Thursday said that it was on track to reach its 2012 production targets as its Pluto liquefied natural gas (LNG) plant was commissioned. In its results for the three months ended March, the energy company said...

WA index flat as slower Chinese growth hit commodities

Advisory firm Deloitte on Thursday reported that the market capitalisation of Western Australian listed companies comprising its WA Index was sluggish during March, rising just 0.3% to close at A$168.9-billion. Deloitte’s national mining...

Deloitte WA Index up 1.5%, Woodside reclaims top ranking

The market capitalisation of Western Australia-listed companies that comprise advisory firm Deloitte’s WA Index increased by 1.5% during February, to close at A$168.3-billion. Advisory firm Deloitte said that reported gains had been...

Strong prices, production news boost value of WA-listed miners

The market capitalisation of Western Australia-listed companies, which comprise the Deloitte Western Australia Index, increased by 9.6% in January to a close of A$168.9-billion, the advisory firm reported on Tuesday. Deloitte noted that the...

Woodside may sell minority stake in Browse

Australian oil and gas producer Woodside Petroleum on Friday confirmed that it was “assessing the potential sale” of a minority portion of its equity in the Browse liquefied natural gas (LNG) project, off the coast of Western Australia....

Woodside production drops by 6%

Australian oil and gas producer Woodside Petroleum on Wednesday reported a 6% decline in production, compared with the previous corresponding period. During the three months ended December, Woodside produced some 16.6-million barrels of oil...

Woodside predicts 27% increase in production

Australian oil and gas company Woodside Petroleum said on Friday that its 2012 production would increase by almost 27%, to between 73-million and 81-million barrels of oil equivalent. In an investor update, the energy mine said that its 2012...

Global Mining Weekly on iPad, uncertainty hits commodities, mining production falls again

Mining Weekly now has a global iPad edition; uncertainty is impacting commodities negatively; and South Africa's mining production has fallen for the third consecutive month.

Commodity uncertainty sees investors retreating from markets

Poor economic data and falling commodity prices have caused investors to retreat the resources-heavy Australian markets, advisory firm Deloitte reported on Friday. The firm said that its Western Australian Index dropped 11.9% in September, to...

Carbon tax will hurt jobs in coal mining – report

The Australian Coal Association (ACA) has warned that the proposed carbon tax could cut as many as 4 700 jobs in the coal mining industry in Queensland and New South Wales, and could account for as much as A$22-billion in coal sale losses. An...