A junior oil exploration company’s hard work is set to pay off with predictions they are sitting on close to 1 billion barrels of oil.
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Billions at risk: APPEA call for urgent policy reforms
The peak body for Australia’s oil and gas industry has warned the next wave of investment in projects may not materialise unless serious policy reforms are undertaken.
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Santos sign up to expand Cooper Basin production
Santos and Drillsearch Energy have formed a joint venture to fast-track the Western Cooper Gas Project.
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Mining subsidies over $4.5b: Australia Institute
Federal government subsidies to the mining sector has risen by half a billion dollars over the past year, according to the Australia Institute.
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Over 100 illegal Chinese miners arrested in Ghana
Ghanaian police have arrested 124 allegedly illegal Chinese miners, and have been held in Accra, Ghana’s capital, the Ghana Immigration Service (GIS) said on Wednesday.
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Oil and gas exploration too close to Abrolhos Islands: Greens
The Federal Government’s release of potential gas and oil exploration sites has drawn criticism from green groups who say the area is too close to the Abrolhos Islands.
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Santos confirms uncontrolled oil leak in Queensland
Santos has come under fire from environmentalist groups after it confirmed the leakage of 240,000 litres of oil over five days near the Queensland-South Australian border.
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Mereenie gas fields receives $100 million expansion approval
The Northern Territory Government has granted approval for Santos’ $100 million drilling program at the Mereenie Gas Fields in Central Australia.
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Colonial disputes could threaten African resources boom
With WA and other Australian mining companies increasingly investing in Africa, a border dispute between Malawi and Tanzania could threaten East African hopes of a resources bonanza as colonial demarcation issues resurface.
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Coal to overtake oil by 2017: IEA
More than 8,000 jobs have been stripped from Australia’s coal sector in the past 6 months and heading into 2013 the industry continues to feel the pressure.
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FMG buys into WA oil and gas
Fortescue Metals Group has announced plans to diversify beyond the iron ore sector by taking an 18 per cent stake in oil and gas explorer Oil Basins.
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Improving Australia’s energy resource industry
The Australian Government's Energy White Paper 2012 has been released, setting out Australia's energy policy for the future.
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Buru strikes a deal on Kimberley pipeline
Oil and gas producer Buru Energy and Mitsubishi Corporation of Japan have gained approval to further develop gas resources in the Kimberley region.
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BHP attacked for planned oil exploration near reef
Conservation groups have slammed a plan by BHP Billiton to explore for oil 5km from the World-Heritage listed Ningaloo Reef off Western Australia’s north coast.
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Don’t “demonise” oil and gas: Ferguson
Resources minister Martin Ferguson says protest groups need to stop trying to "demonise" the oil and gas sector.
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