Updated August 09, 2016 16:37:00 Papua New Guinea’s Prime Minister Peter O’Neill will not be going to talk to the thousands of landowners who say they have shut off the gas to ExxonMobil’s conditioning plant in the highlands province of Hela. They have waited more than two years for their unpaid royalties, which is due
Updated August 09, 2016 09:11:17 Photo: US shares ended almost flat as gains for oil were offset by health declines. (Brendan McDermid, file photo: Reuters) Related Story: Shares end higher on energy and bank stocks US stocks eased back from fresh record highs despite higher oil prices, but the Australian market looks set to open
Updated August 08, 2016 16:58:13 Landowners at the heart of the LNG project at Hides in the Papua New Guinea’s Hela province are following through with threats to shut it down after seeing no movement in the millions of dollars in outstanding royalties being paid. Where major resource projects are already up and running, substantial
By Daniel Keane Posted August 06, 2016 16:20:27 Photo: The Wilderness Society’s map is based on one supplied by BP. (Supplied: Wilderness Society) The Wilderness Society has released a map of the Great Australian Bight it says pinpoints the spots where BP wants to drill as part of its exploration plans. The map is based
Posted August 04, 2016 12:31:24 Photo: Tabcorp is trying to crack the UK gambling market with News Corp. Engineering firm Downer EDI has reported a 14pc fall full year profit to $180.6 million as the slowdown in the resources sector hit home. However, chief executive Grant Fenn is not waiting for a pick-up in mining,
Posted August 04, 2016 07:36:21 An overnight rally in oil prices boosted the US energy sector, sending Wall Street higher, and breaking a seven-day losing streak for US markets. Crude prices jumped more than 3 per cent, representing their first rise in six days. In economic news, the US private sector added 179,000 jobs in
Email Posted August 03, 2016 15:41:52 Central Petroleum boss Richard Cottee says the company could drum up enough gas to justify a second, southern pipeline from the Northern Territory to eastern states. Read more. Nathan Coates Source: ABC Rural | Duration: 7min 17sec Topics: rural, mining-rural, oil-and-gas, markets, alice-springs-0870 Source link
Posted August 03, 2016 15:41:52 Photo: Richard Cottee, general manager of Central Petroleum, addressing the Gas Outlook conference in Sydney. (Ewan Tupper) The managing director of domestic Australian gas supplier Central Petroleum has said the company could supply enough gas from its Northern Territory reserves to justify a second pipeline to eastern states. Audio: Central
Updated August 03, 2016 11:30:58 Photo: Montara oil platform ruptured in 2009, spilling oil into Australia’s part of the Timor Sea. (PTTEP) Law firm Maurice Blackburn is seeking more than $200 million in compensation for Indonesian seaweed farmers from Australia’s worst oil spill, in the Timor Sea in August 2009. The Montara oil spill was
Updated August 02, 2016 16:39:40 InterOil Shareholders in Papua New Guinea and across the world are being urged to vote down ExxonMobil’s takeover bid. Last month Exxon trumped an earlier bid by the Australian company Oil Search with an offer valued at around $US2.5 billion dollars. Phil Mulacek, founder of InterOil and former Managing Director,
