News

This category contains 513 posts

Company relinquishes portions of lease in favour of exploration

In response to the Scientific Inquiry into Hydraulic Fracturing in the Northern Territory released in April 2017, Hancock Prospecting has voluntarily relinquished portions of lease EP154 to the Northern Territory Government, to allow for an approximate 25km exploration buffer area from Mataranka Hot Springs and the Roper River. Hancock CEO, Garry Korte, said that its […]

Coal Seam Gas inquiry introduced into Parliament

Legislation for the investigation into the Coal Seam Gas (CSG) industry by the Commission of Inquiry has been introduced into Parliament by KAP Federal Member, Bob Katter. The Commission of Inquiry (Coal Seam Gas) Bill 2017 will focus on the negotiating powers of parties involved; impacts on land, water and communities; agreement making; and payment […]

Western Australia implements fraccing ban

Western Australia has implemented a ban on fraccing for existing and future petroleum titles in the South-West, Peel and Perth metropolitan regions, as well as a moratorium on fraccing throughout the rest of the state. The State Government’s ban and moratorium prohibits companies from using fraccing during exploration or production. The future of fraccing in […]

Gas exploration company relocates to Adelaide

The South Australian Government will contribute almost $1 million for Strike Energy to relocate its corporate office and headquarters from Sydney to Adelaide, creating 85 new full-time jobs while reinforcing its reputation as the focus of the national gas sector.  With the company’s primary focus being the rapid commercialisation of a world-scale gas resource in […]

New petroleum lease awarded

Queensland Minister for Natural Resources and Mines, Dr Anthony Lynham, has announced that local company Senex Energy has secured the rights to develop a new petroleum lease in the Surat Basin. This is the latest in a string of new Queensland industry projects to supply domestic customers on the east coast. Dr Lynham said he […]

Report finds potential risks for Narrabri CSG project

An assessment by the Independent Expert Scientific Committee (IESC) into Santos’ coal seam gas project in Narrabri, New South Wales, has found the project lacks key data that potentially underestimates impacts on threatened ecosystems, and ground and surface water. The IESC was requested by the Department of the Environment and Energy, and the New South […]

AGL sells North Queensland gas assets

AGL has announced its agreement to sell North Queensland gas assets to a consortium. The consortium includes Chinese gas distribution company Shandong Order Gas, and Australian energy investment company Orient Energy. The assets comprise AGL’s 50 per cent interest in each of the Moranbah Gas Project Joint Venture (MGPJV) and the North Queensland Energy Joint […]

$3.4 billion funding released for LNG facility

Origin Energy has announced the remaining US$3.4 billion of shareholder guarantees for the Australia Pacific LNG US$8.5 billion project finance facility have been released after meeting all of the lenders’ completion tests. In May 2012, Australia Pacific LNG secured a US$8.5 billion project finance facility with US EXIM, China EXIM and a consortium of Australian […]

Shortlisted candidates for global prize announced

The PLuS Alliance has announced its shortlisted candidates for the inaugural PLuS Alliance Prize. These selected candidates are leading the charge in changing the world for the better, through innovation and leadership in research and education. The PLuS Alliance Prize of US$50,000 will be awarded to two applicants with submissions that address a globally-significant issue; […]

Funding to continue for Exploration Incentive Scheme

The Western Australian Government has announced it will continue funding the $10 million a year Exploration Incentive Scheme, following a 40 per cent increase in mineral exploration applications. The scheme consists of a number of programs that promotes resource exploration in Western Australia, particularly on greenfields areas and frontier petroleum basins. It provides refunds, up […]

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