Following on from the recent announcement that WorleyParsons was to purchase North Sea oil & gas provider AFW UK, the company has announced that it has raised $253 million from its shareholders (at a price of $13 per share) via institutional entitlement offer to help fund the purchase.
Australian engineering firm WorleyParsons will spend $303 million (£182 million) to acquire UK-based oil & gas firm AFW to expand its presence to the North Sea marketplace.
Empire Oil & Gas subsidiary Empire Oil Company has entered voluntary administration shortly after entering receivership.
Australian-listed oil and gas company Strike Energy has relocated from Sydney to Adelaide, set to create around 85 resources jobs in the state.
BHP suspended production at its Eagle Ford shale operation in South Texas as Hurricane Harvey struck near the area on Saturday.
Australian liquefied natural gas (LNG) shipments for the month of July reached a record 5.4 million tonnes (Mt), driven by higher output from Gorgon and the North-West Shelf (NWS).
Mineral Blue is an integrated Safe System of Work (iSSoW) for the mining and resources industry, designed to streamline safety processes using the internet and mobile devices.
Swift Networks is working with mining companies around Australia to improve the entertainment and communications facilities at FIFO villages.
Australian testing and inspection services company ALS has entered an agreement to sell its multinational oil and gas business to Chicago-based Madison Industries for $109 million.
Latest research from BDO shows there has been a broad recovery in the resources sector, highlighted by the resurgence in the number of initial public offerings (IPOs) and another expected increase in cash outflows for the June 2017 quarter.
Real Energy has signed a memorandum of understanding (MoU) with Santos Energy to enable raw gas from Real’s Windorah gas project to be processed into sale gas and supplied to the east Australian gas market.
Gas supply in Australia’s east coast will receive a boost after ExxonMobil Australia completed the Longford Gas Conditioning Plant in Victoria on Sunday.
Origin Energy has signed two agreements with ENGIE that are set to increase gas supply and energy security in South Australia.
Schlumberger has partnered with oilfield service company Weatherford to form OneStim, a joint venture to deliver unconventional resources services to Northern American land markets.
BHP Billiton has signed a contract with Pemex Exploration & Production Mexico to finish work on the Trion discovery in the deepwater Gulf of Mexico.
Australis Oil & Gas subsidiary Australis TMS, has entered a US$80 million ($104 million) agreement to acquire all of Encana Oil & Gas’ Tuscaloosa Marine Shale (TMS) assets.
Woodside Petroleum cut the pay of chief executive officer Peter Coleman by more than $1 million in 2016.
Senex Energy has approved its first major investment in the Western Surat Gas project in Queensland, providing $50 million to the project’s well drilling campaign.
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.
Origin Energy has released their latest half year results, citing a $1.68 billion loss.