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Woodside ups production target for 2020

By: Esmarie Iannucci     16th January 2020 Oil and gas major Woodside Petroleum has reported a 3% rise in production and a 12% rise in revenues for the fourth quarter ending December. “Production and sales revenue increased compared with the third quarter of 2019 due to the strong performance from Greater Enfield,” said Woodside CEO... 

US to impose sanctions on Iran’s metal exports and leaders

By: Bloomberg     10th January 2020 The Trump administration imposed new sanctions on Iran on Friday, including penalties on the Islamic Republic’s metals and some senior leaders, following Tehran’s attack on US military bases. The sanctions target steel, aluminum, copper and iron, as well as eight senior Iranian officials and... 

Ellendale re-opening a step closer

By: Esmarie Iannucci     19th December 2019 Junior Gibb River Diamonds has stepped up to the plate at the now defunct Ellendale diamond mine, in Western Australia, with the company accepting Mines and Petroleum Minister Bill Johnston’s offer to apply for new tenements at the project area. The Minister has also invited India Bore Diamond... 

Australian exports forecast for record year in 2019/20

By: Esmarie Iannucci     19th December 2019 Australia’s resource and energy export earnings are forecast to set a record A$281-billion in 2019-20, up from A$279-billion in 2018-19, new data from the Office of the Chief Economist has revealed. Minister for Resources and Northern Australia Matt Canavan noted that the record earnings are... 

Great Australian Bight exploration a step closer

By: Esmarie Iannucci     19th December 2019 The National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) has accepted global energy player Equinor’s environment plan for exploratory petroleum drilling in the Great Australian Bight, which represents the second of four approvals required before activity can... 

BP and Chevron agree to major Australian exploration spend

By: Esmarie Iannucci     19th December 2019 Energy giants BP and Chevron will invest a combined A$116.5-million in oil and gas exploration activities in Australia, with at least half directed to projects in South Australia with a view to increasing energy supplies in the state and south-eastern Australia. Minister for Resources Matt... 

WA's gas supply to surpass demand

By: Esmarie Iannucci     16th December 2019 A new report by the Australian Energy Market Operator (AEMO) has highlighted that Western Australia’s potential gas supply could exceed forecast domestic demand over the next ten years. In the 2019 Western Australia Gas Statement of Opportunities, the AEMO noted that in the base-case scenario,... 

Oil and gas producers taxed A$5.8bn in 2017/18

By: Esmarie Iannucci     13th December 2019 Australia’s oil and gas industry contributed around A$5.8-billion in taxes, rents and royalties in 2017/18, new data by the Australian Petroleum Production and Exploration Association (Appea) has shown. In its 31st financial survey, Appea showed that the industry had reported a record overall... 

Law firms set out notable aspects of draft amendments to MPRDA

By: Simone Liedtke     13th December 2019 Law firm Webber Wentzel this week set out some of the most notable aspects of the draft amendments to the Mineral and Petroleum Resources Development Act (MPRDA) Regulations, following its publication by Mineral Resources and Energy Minister Gwede Mantashe last month. In a report compiled by the... 

AusIMM’s Underground Operators Conference returns in 2020 with a focus on new technology

By: Creamer Media Reporter      13th December 2019 A leading international event in the Australasian Institute of Mining and Metallurgy (AusIMM) calendar, the Underground Operators conference will return in March 2020. Over the three-day conference held in Perth from 25-27 March, Underground Operators 2020 will bring an expected 1,000 industry... 

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