Laing O’Rourke has demobilised about 800 of its people from the $46 billion Ichthys liquefied natural gas (LNG) project near Darwin because of a pay dispute.

Woodside Petroleum cut the pay of chief executive officer Peter Coleman by more than $1 million in 2016.

Richard Goyder will take over as chairman of Woodside Petroleum next year, his second major appointment since Wesfarmers announced he would step down as managing director of the company earlier this year.

Engineering company Aurecon has appointed Alex Wonhas as the new global managing director to lead its energy and resources business.

Monadelphous, in a joint venture with Jacobs Engineering, has received a letter of intent for a five-year, $50 million per annum contract for engineering, procurement and construction (EPC) services at Oil Search’s oil and gas production facilities in the Highlands region of Papua New Guinea.

Australian energy company Santos has submitted a state development application and environmental statement for the Narrabri coal seam gas project in New South Wales amid continued opposition to its plans at the site.

Oil and gas services provider Schlumberger has recorded an increase in revenue in the fourth quarter of 2016 upon release of its full year results.

Communications company Swift Networks has won a contract to supply a broad suite of services, including entertainment content, connectivity and related support to the INPEX-operated Ichthys liquefied natural gas (LNG) project offshore Western Australia.

Led by increased liquefied natural gas (LNG) production capacity in Australia, Platts Analytics has forecast a 16 per cent rise in Asian output in 2017.

Schlumberger has acquired Peak Well Systems, a Perth-based company focussed on the design and development of downhole tools for flow control, well intervention and well integrity.

Australian companies Bridgeport Energy and Metgasco have accepted Queensland Government offers to explore for petroleum and gas in the Cooper Basin.

Australian oil and gas company Santos will sell a 50 per cent interest in the Mereenie oil and gas field in the Northern Territory to Macquarie Group, which will join Central Petroleum as owners of the asset.

Australian oil and gas company Santos has raised more than $1 billion through a share placement to institutional investors in the first part of a $1.5 billion capital raising it announced earlier this week.

Oil and gas company Santos has launched a new strategy that will see it focus on its key assets and spin off its non-core business into a new company.

Origin Energy has announced plans to divest its upstream business assets in an effort to reduce debt and focus on its energy markets and gas business.

BHP Billiton has won a bid to acquire a majority share in the deep-water Trion oil field project in the Gulf of Mexico.

BP is moving forward with the US-based Mad Dog oil project, which includes BHP Billiton as a key partner, at a considerably lower development cost.

Global oil prices surged significantly overnight after OPEC took the surprising move to cut production from January next year.

The industry body has expressed support for the Australian Government’s decision to review the petroleum tax system in the country.