01/02/2016 - 06:55

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01/02/2016 - 06:55

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Chevron flags delayed start to Wheatstone

Woodside Petroleum’s $US3.7 billion investment to buy itself LNG production growth has suffered a first major setback after Wheatstone operator Chevron warned of a six-month construction delay. The West

BHP, Rio get lucky as Cyclone Stan fades

The world’s largest iron ore export port at Port Hedland was temporarily closed for almost 48 hours by Cyclone Stan over the weekend, but Australia’s big iron ore miners emerged largely unscathed, with the cyclone weakening as it hit the north-west coast of Western Australia. The Fin

Gorgon to start up – soon

After missing its planned 2015 start-up, Chevron Corp said it expects to commence first production of liquefied natural gas (LNG) at the giant Gorgon project off Western Australia, in the next few weeks, with the initial export shipments to commence by the end of the March quarter. The Fin

Santos eyes PNG sell-off and gas cuts

Santos is understood to be reviving attempts to sell its stake in the Papua New Guinea liquefied natural gas project in a deal that could net the oil and gas producer about $1.5 billion. The Aus

Uber generates $80m a year in benefits

Ride-sharing company Uber is generating annual benefits to Australian consumers worth more than $80 million a year, according to analysis by Deloitte Access Economics. The Fin

Foxtel may get more access to sports rights

Communications Minister Mitch Fifield is considering allowing Foxtel more access to sports rights, after the Department of Communications advised him to make minor changes to the so-called ‘‘anti-siphoning list’’ of sports quarantined for free-to-air television. The Fin

Scrap port levy: Nationals MP

Controversial port charges at Geraldton have emerged as a new tension point between Nationals MPs and Liberal ministers, with Nationals MLC Paul Brown demanding a debt levy on Geraldton port users be dropped immediately. The West

 

 

The Australian Financial Review

Page 1: NSW Liberal Premier Mike Baird will make a final attempt to break the tax reform stalemate with a GST proposal that would give the federal government about $100 billion up front to dramatically cut income taxes while looking after the states’ growing health and education costs over the longer term.

Page 2: The head of the Australian Chamber of Commerce and Industry will step down to take on the newly created role of Australian Small Business and Family Enterprise Ombudsman.

Page 4: Corrupt and unscrupulous bosses will be in the sights of both major parties on Monday when the government warns companies about cutting dodgy deals with unions and Labor promises severe penalties for those who exploit the low-paid and vulnerable.

Page 6: The world’s largest iron ore export port at Port Hedland was temporarily closed for almost 48 hours by Cyclone Stan over the weekend, but Australia’s big iron ore miners emerged largely unscathed, with the cyclone weakening as it hit the north-west coast of Western Australia.

Page 7: Minister for Women Michaelia Cash said she wants a gender-equality program championed by the nation’s new top public servant, Martin Parkinson, rolled out across the public service.

Page 8: Ride-sharing company Uber is generating annual benefits to Australian consumers worth more than $80 million a year, according to analysis by Deloitte Access Economics.

Page 9: The global sugar market is set to face its first shortage in five years, making sugar one of the most lucrative agricultural commodities, according to ED&F Man Holdings.

Page 15: Broadspectrum suitor Ferrovial is settling in for a long takeover battle, with the Spanish company waiting for regulatory approvals before issuing a formal response to the contractor’s rejection of its $715 million hostile bid.

Page 18: The Australian arm of the company which owns the iconic Victa lawnmower tumbled to a loss of almost $11 million in its latest financial year because of a big one-off write-down, but managing director Tom Rugg says this year’s profits will be strong and the exit of the Masters hardware chain will bolster its position.

Want a buy a cheap dump truck or digger? Well, there’s probably never been a better time, with a new EY report showing the value of a typical fleet of mining equipment has fallen 64 per cent in just two years.

After missing its planned 2015 start-up, Chevron Corp said it expects to commence first production of liquefied natural gas (LNG) at the giant Gorgon project off Western Australia, in the next few weeks, with the initial export shipments to commence by the end of the March quarter.

Page 29: Communications Minister Mitch Fifield is considering allowing Foxtel more access to sports rights, after the Department of Communications advised him to make minor changes to the so-called ‘‘anti-siphoning list’’ of sports quarantined for free-to-air television.

 

 

The Australian

Page 1: The Turnbull government is considering boosting English, education and employment services for refugees amid new research showing only 7 per cent of a group of 2013 arrivals have jobs and budget estimates that welfare payments for new arrivals will exceed $100 million a year.

Bookmakers who took bets during matches at this year’s Australian Open are under fresh scrutiny, with the Australian Federal Police re-examining the legality of “live’’ gambling systems promoted by global operators.

Page 4: Bosses would face two years’ jail for mistreating workers under a Labor industrial relations policy to be released today, as Malcolm Turnbull and Bill Shorten sharpen their pre-election industrial relations battlelines.

Page 5: Motorists will pay 0.3c a litre more tax for petrol from today, increasing the cost of filling a 60-litre tank by 18c.

Page 6: Australia is likely to conduct a freedom of navigation exercise in the South China Sea in the coming months after the US revealed that it had carried out a similar operation.

Page17: One of the largest players in the nation’s $2.5 billion corporate catering market is considering floating on the Australian Securities Exchange as the value of e-commerce business in the food delivery industry has soared around the world over the past year.

The Reserve Bank will come under pressure this week to flag further interest rate cuts to bolster Australia’s sluggish economy in the wake of sharp falls in global equity markets and a deteriorating outlook for world growth.

Page 18: Santos is understood to be reviving attempts to sell its stake in the Papua New Guinea liquefied natural gas project in a deal that could net the oil and gas producer about $1.5 billion.

Page 19: Nine Entertainment’s chief digital and marketing officer, Alex Parsons, is determined to build a “world-class” interface for the company’s new 9Now video streaming product, similar to Google’s search interface or eBay’s e-commerce website.

 

 

The West Australian

Page 1: Fresh questions are being asked about the extent the State Government cites “commercial-in-confidence” to keep information secret.

Page 4: Every new WA public primary school would have space for a childcare facility and a Labor State government would encourage private operators to provide before and after-school care at every school, Opposition Leader Mark McGowan has promised.

Perth’s public ferry service could one day extend to East Perth and the stadium at Burswood, Planning Minister John Day said yesterday.

Page 6: The Federal Government and Labor are drawing battle lines over industrial relations to kick off election-year campaigning.

Page 9: Plans for a new Hilton hotel in Fremantle have been delayed by two years after protracted talks over design and heritage with the City of Fremantle.

A $110 million, 42-level Sheraton hotel could be the newest addition to Perth’s skyline.

Business: Woodside Petroleum’s $US3.7 billion investment to buy itself LNG production growth has suffered a first major setback after Wheatstone operator Chevron warned of a six-month construction delay.

The fate of the collapsed Ellendale diamond mine faces a bizarre twist, with the Department of Mines and Petroleum seeking a ruling from the Mining Warden on whether its underlying tenements still exist.

Controversial port charges at Geraldton have emerged as a new tension point between Nationals MPs and Liberal ministers, with Nationals MLC Paul Brown demanding a debt levy on Geraldton port users be dropped immediately.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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