Archived News for Industry Professionals

QGC Pty Limited has announced a new $120 million contract for the construction of the supply of polyethylene to its gas fields in Queensland.

“Part of the deal is a new manufacturing facility in Toowoomba to be open by mid 2012,” said Premier Anna Bligh.

The contract has been awarded to Iplex Pipelines, a division of Fletcher Building, supplies and distributes pipeline systems and manufactures pipelines from 15mm to 2000mm in diameter for services including plumbing, water supply, gas, sewerage, storm water, irrigation, telecommunications, and electricity.

Victoria secures $2 billion in petroleum contracts

Victoria has secured a number of separate long term contracts worth more than $2 billion with the signing of a Declaration of Commitment between purchaser Qenos and suppliers ExxonMobil Australia and BHP Billiton to supply petroleum feedstock to the Qenos Altona plant.

Bow Energy to fuel Arrow growth

Arrow Energy, the wholly owned subsidiary of Royal Dutch Shell and PetroChina, has launched a friendly takeover bid for Bow Energy after months of negotiating a bidding price.

Wheatstone gets environmental approval

A liquefied natural gas project proposed by Chevron in Western Australia’s Pilbara region will go ahead after the Federal Government approved the projet under national environmental law.

WA notches up record resources sales

The Western Australian State Government has recorded state resources sales value of $101.2 billion for the 2010-11 financial year.

BHP Billiton executives on a gold mine

Mining giant BHP Billiton has spent close to $19 million on its executive remuneration pay packages in the 2010-2011 financial year in a move that BHP Chairman John Buchanan describes as an investment geared towards reaping future rewards.

Navy moves to halt engineer exodus to mining industry

The Royal Australian Navy (RAN) has moved to offer $80,000 bonuses for ship’s engineers on its submarines and Anzac-class frigates in an attempt to stop them from moving to the mining industry.

Cottee steps down amid Nexus turmoil

Troubled oil and gas company Nexus has announced Richard Cottee has resigned as the company’s Managing Director.

Federal Government releases carbon tax update

The Federal Government has released an updated model of the impact of the carbon price which states the Australian economy will continue to grow strongly at the same time making reductions in carbon emissions.

Monadelphous secures mining construction contract

Engineering group Monadelphous Group Limited has secured a major constuction contract at Hope Downs 4 Irone Ore Project for Rio Tinto and Hancock Prospecting.

Federal Government announces new skills agency

The Federal Government has announced the formation of a new workforce agency that will target “pressure points” in Australia’s emerging patchwork economy by focussing on training and retraining workers for new jobs in specific industries currently experiencing skills shortages.

Paradise South mine boosted by state acknowledgement

The Queensland State Government has identified Legend International Holdings’ Paradise South mine as a Project of Regional Significance, giving the project exclusive water rights.

Preferred bidder nominated for Darwin's marine supply base

The Northern Territory has named the ShoreASCO Consortium as the preferred bidder to construct, own and operate Darwin’s Marine Supply Base. The base will service the logistical needs of the oil and gas sector.

Hancock sells Galilee Basin interests

Hancock Coal has announced the $1.2 billion sale of large quantities of its holdings in the Central Queensland Galilee Basin area to Indian group GVK Coal.

WA signs new China trade and investment deal

The Western Australian State Government has become the first non-national governmental body in Australia to sign a Memorandum of Understand with China after Premier Colin Barnett signed a co-operative trade and investment agreement.

Carbon tax legislation goes before Parliament

Prime Minister Julia Gillard has introduced the Federal Government’s carbon tax legislation to Parliament, saying that the legislation will lead to reducing the country’s carbon production while stimulating the economy and creating jobs.

Second MRRT exposure draft released

The Federal Government has released the second exposure draft legislation for the Minerals Resources Rent Tax (MRRT).

New technology previews long-term impact of mining on groundwater aquifers

A new centrifuge at the University of New South Wales Water Research Laboratory can act as an environmental “time machine”, allowing researchers to preview the long-term effects on groundwater aquifers of activities such as coal seam gas and longwall mining.

Senate approves offshore petroleum regulator

The Federal senate has passed a legislative package that will enable the creation of a single national regulator for offshore petroleum activities.

Resources Advisory Council formed

The Federal Government has announced the formation the Resources Advisory Council, comprised of business and union leaders from the resources sector and senior government officials. The council will be tasked with increasing productivity and competitiveness, creating jobs and improving skills of workers in the sector.

Rio Tinto increases Pilbara investment

Mining giant Rio Tinto has announced plans to invest a further $816 million in the company’s Pilbara iron ore project. The spending will be directed toward the company’s integrated power and gas network.