Australian gas users fear shortage as LNG exports grow

Australia is on its way to becoming the world's top exporter of liquefied natural gas, but industrial consumers on the country's east coast are worried gas producers will ship so much to Asia's booming economies that domestic supplies will be...

Origin inks A$1bn gas sales deal with Gladstone LNG

ASX-listed Origin Energy has signed a heads of agreement with the Gladstone liquefied natural gas (GLNG) partners in a deal worth an estimated A$1-billion. Under the terms of the agreement, Origin would supply LNG with 365 PJ of gas, or 100 TJ a...

Ncondezi to release feasibility study in Q3

Exploration and development company Ncondezi Coal reported on Monday that the definitive feasibility study (DFS) for its namesake project in Mozambique would be completed in the third quarter of 2012. The study area represents 2.56-million tons...

Company Announcement: Energy Drilling Australia Awarded Coal Seam Gas Contract

Energy Drilling Australia continues to grow its coal seam gas business, having secured an additional contract with Exoma Energy Limited for the engagement of a second drill rig for its Galilee Basin exploration program in Central Queensland.

Australian petroleum output at 3-year low

Australia’s petroleum production fell some 6% in 2011, owing to weak demand, floods and maintenance issues, energy economist EnergyQuest reported on Monday. Petroleum production, which includes oil, liquefied petroleum gas (LPG), condensate and...

Company Announcement: Ausdrill wins coal seam gas contract; pursues further opportunities in sector

Ausdrill (ASX: ASL) is pleased to announce that its subsidiary Energy Drilling Australia (EDA) has been awarded a contract with Exoma Energy Limited to provide a drill rig and drilling services for the Galilee Joint Venture 2012 exploration...

Company Announcement: Resource Employment Specialist Launches new Information Service

Award winning Australian resource industry employment news specialist The Resource Channel has launched a new service that will further assist those looking to learn more about work opportunities in the country’s mining and petroleum sectors.

LNG producers create A$13.5m social infrastructure fund

Gladstone's major liquefied natural gas (LNG) players would contribute some A$13.5-million to a trust fund set up to boost social infrastructure across the region. Australia Pacific LNG, QGC and Santos’ Gladstone LNG would collectively...

Nine new offshore petroleum exploration permits issued

The federal government has awarded nine new offshore permits in the second round of its Petroleum Exploration Acreage Release, with ASX-listed Woodside coming out as the clear winner. Resources and Energy Minister Martin Ferguson said that the...

Company Announcement: Australian Resource Sector employment website wins National Award

Recognising a critical need for better communication between industry and potential employees has led a West Australian-based online employment information website for the Australian Resource Sector to receive its second national award since the...

Heemskirk completes sale of Spanish tungsten project

ASX-listed mining house Heemskirk Consolidated has completed the sale of its Los Santos tungsten project, in Spain, to private equity firm Almonty Industries for A$20-million. Heemskirk said on Monday that it had received $14-million in cash and...

Santos reports higher June quarter production, sales

Oil and gas major Santos on Thursday reported an 8% increase in production and an 11% increase in sales for the quarter ended June, compared with the previous quarter. During the three months to June, Santos produced 11.9-million barrels of oil...