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Oil & Gas
 
OIL & GAS

Further investment in the petroleum sector expected - Macfarlane Restricted

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Federal Industry Minister Ian Macfarlane is forecasting capital investments worth A$580-million in Australia’s petroleum sector over the next three years, after the government granted exploration permits offshore of Australia. Macfarlane...
24th October 2013
 
 
OIL & GAS

CIL may not get automatic right to CBM extraction Restricted

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Indian major Coal India Limited (CIL) was unlikely to secure the rights to coal bed methane (CBM) extractions on any of its tenement areas. According to a decision taken by the Petroleum and Natural Gas Ministry, if CIL were to enter CBM...
23rd October 2013
 
 
COPPER/GOLD

Freeport McMoRan Q3 profit slips, but still beats analyst expectations Restricted

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Phoenix, Arizona-based Freeport McMoRan Copper & Gold on Tuesday reported a slightly lower third-quarter profit, as lower metals prices weighed on results. However, a poll of 20 Wall Street analysts revealed that the company had beaten...
22nd October 2013
 
 
OIL & GAS

AusTex raises capital for Snake River development Restricted

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ASX- and TSX-listed oil and gas producer AusTex Oil is looking to raise $17.5-million to fast-track the development of its Snake River project, in Oklahoma. US-focused AusTex said on Monday that it would issue up to 116.6-million preference...
21st October 2013
 
 
OIL AND GAS

US assets prove profitable for Linc Restricted

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ASX-listed oil and gas producer Linc Energy on Friday told shareholders it was on track to meet its end-of-year target of between 8 000 and 9 000 barrels of oil equivalent per day, as its US assets continued to deliver. The miner recently...
18th October 2013
 
 
OIL & GAS

Santos sees FY output at lower end of guidance Restricted

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Oil and gas major Santos on Thursday warned that its output for 2013 would be at the lower end of its guidance as production was deferred from both the Chim Sao and Fletcher Finucane operations. For the full year, Santos was expected to produce...
18th October 2013
 
 
LNG

LNG applies for greater export capacity Restricted

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ASX-listed Liquefied Natural Gas (LNG) has applied to the US Department of Energy (DOE) to increase its export capacity for the Magnolia LNG project, in Louisiana. MD Maurice Brand said on Wednesday that discussions were being held with potential...
16th October 2013
 
 
NATURAL GAS

State will have 20% free stake in shale gas exploitation – Minister Restricted

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The South African government would have a free-carried shareholding of 20% in entities producing shale gas in the Karoo in the future, Mineral Resources Minister Susan Shabangu said on Thursday. Shabangu, who was responding to Mining Weekly...
10th October 2013
 
 
 
 
 
 
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