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Arrow gas field still bleeding billions of dollars

Posted Within Resources On 05-06-2019

Arrow Energy, the Queensland joint venture between Shell and PetroChina, has slumped to a $752 million loss amid concerns its $10 billion Surat Basin gas project will miss next year’s deadline for first production.

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Ardea strikes gold at Kalgoorlie nickel project

Posted Within Resources On 05-06-2019

Ardea Resources’ first pass aircore drilling program has struck gold at the Big Four prospect of its Goongarrie nickel-cobalt laterite project, or “GNCP”, near Kalgoorlie, WA.

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Incitec Pivot deal sparks a glimmer of hope for Australia’s gas woes

Posted Within Resources On 05-06-2019

Incitec Pivot’s success in securing gas for under $10 a gigajoule to maintain its Gibson Island urea plant is welcome news for the Queensland economy, saving over 450 jobs at the plant, and it underlines the importance of tapping new supply in the gas debate.

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Port Kembla Gas Terminal construction contract awarded

Posted Within Resources On 04-06-2019

The Port Kembla Gas Terminal (PKGT), owned by Australian Industrial Energy (AIE), has reached an important milestone with the wharf facility and pipeline construction contract being awarded.

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ExxonMobil looks to exit Australian oil and gas assets

Posted Within Resources On 04-06-2019

Global energy giant ExxonMobil could be about to launch a multi-billion-dollar asset sale of Australian oil and gas assets, as it approaches investment banks about options for its Gippsland Basin Joint Venture, estimated to be worth close to $US3 billion ($4.3bn).

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