News

Alinta to consider selling asset stakes

Speaking at yesterday’s Annual General Meeting, Mr Howarth said the company would “not necessarily own 100 per cent” of its asset portfolio, and that selling the stakes would be designed to free
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Victorian Government releases draft Pipelines Bill

The draft provides a significant review of the outdated 1967 Pipelines Act and follows an extensive public consultation process that began in 2002. Victorian Minister for Energy Industries and Resources
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CAG report criticises pipeline expansion

The report said a lack of proper planning into the capacity requirements of the pipeline led to the avoidable expenditure of Rs 67 crore ($US15 million). The 1,443 km pipeline was built in 1996 with an
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Decision on Paradip refinery, pipeline by September

IOC Chairman and Managing Director Sarthak Behuria said once the project was approved, “physical work on the project will start towards the end of 2006 and we have set the target to commission the
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CNOOC considers Unocal bid

A CNOOC spokesperson was quoted as saying “Will the board discuss a resolution to bid for Unocal? No. Will the matter be a topic for discussion at the board meeting? Certainly.” According
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Molopo, Ergon sign gas sales MoU

The agreement will see Molopo supply Ergon with up to 3.5 PJ/a of gas for 15 years from as early as 2006. Molopo Managing Director Stephen Mitchell said “Should these volumes be attained, it would
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Development drilling begins at Casino

Casino-4 is the first of a two-well drilling program for the development of the Casino gas field and has a proposed total depth of 1,800 m. In this initial development well, the Waare Sandstone reservoir
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APA appoints new Operations GM

Mr Ohl joins APA from AGL where he worked on AGL’s involvement in the Papua New Guinea Gas Pipeline Project. His new role at APA will see Mr Ohl responsible for the business performance of all
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Profit forecast looking up for Alinta

Alinta CEO Bob Browning made the prediction that company earnings would sit near the top of the $A85 to $A90 million forecasted last year. Analysts have already said that earnings may in fact be above
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