Woodside Petroleum has announced a $2.5 billion equity raising to provide funding to increase its stake in the Scarborough gas field offshore Western Australia by 50 per cent.

Japanese company Mitsui has confirmed a non-binding proposal to acquire 100 per cent ownership of Australian energy company AWE for a value of $602 million.

Law firm Ashurst has released nine predictions for the oil and gas industry in 2018, and the results have been encouraging overall.

Australian liquefied natural gas (LNG) exports hit 56.8 million tonnes (Mt) in 2017, jumping 26.3 per cent from 44.9Mt in the previous year.

Carnarvon Petroleum has released its latest quarterly report, detailing the developments within the company over the past three months.

French oil and gas major Total and Australia’s Santos have executed a seismic funding and farm-in agreement with Melbana Energy at the WA-488-P licence offshore northern Australia.

China Energy Reserve and Chemicals Group (CERCG) and Mineral Resources have announced their wishes to take over Perth-based oil and gas explorer AWE for 73 cents per share and 80 cents per share, respectively.

Senex Energy has received environmental authority from the Queensland Government for its 100 per cent-owned Western Surat gas project in the Surat Basin

Beach Energy has entered into an equity deal over two prospects at the Ironbark offshore gas project in the Carnarvon Basin, Western Australia.

AWE will raise up to $48 million through a share placement and purchase plan to help fund stage two of its Waitsia gas project in Western Australia.

Oil and gas giant Shell is parting ways with Woodside Petroleum after a long relationship as a key shareholder of the Australian company.

Australian oil company Elk Petroleum announced yesterday that it has completed its acquisition of the Greater Aneth oil field from US company Resolute Energy Corporation for $US160 million ($205 million).

Carnarvon Petroleum has been awarded a new permit located within the Bonaparte Basin on Western Australia’s North West Shelf.

Oil Search has secured an agreement to acquire oil assets in Alaska from privately-owned companies, Armstrong Energy and GMT Exploration Company, for $US400 million ($522.4 million).

Chevron’s first shipment of liquefied natural gas (LNG) from Wheatstone will be delivered to one of its foundation buyers, JERA, for delivery into Japan.

Engineering and maintenance services provider EnerMech has been awarded a five-year contract for hose and hose fittings supply and services for Shell’s Prelude floating liquefied natural gas (FLNG) facility in Western Australia.

Chevron Australia has purchased three exploration interests in the Carnarvon Basin offshore Western Australia, comprising 50 trillion cubic feet of gas resources over an area of 23,170 square kilometres.

Chevron has launched production of liquefied natural gas (LNG) at the Wheatstone project in Western Australia.

Western Australian company BC Iron has entered into a deal with Clive Palmer’s Mineralogy for the purchase of two groups of the latter’s Pilbara tenements.