15/10/2009 - 00:00

This weeks issues

15/10/2009 - 00:00


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This weeks issues

FLNG for Kimberley projects: Shell

 Western Australia is set to be the testing ground for Shell's new floating gas processing technology, with the company giving the go ahead for specific engineering work for the Prelude gas project off the Kimberley coast. Shell upstream international executive director Malcolm Brinded (left) - together with Australian executive vice-president of upstream Jon Chadwick and Shell Australia chairman Russell Caplan - said the company was likely to develop Prelude and recently discovered Concerto gas field using a floating liquefied natural gas vessel.

Synergy snubs private generators

 State energy retailer Synergy has snubbed private energy generators by selecting state generator Verve Energy to supply at least 638 megawatts of electricity under its 2008 procurement tender and named it a preferred tender for its 2009 procurement tender.

FMG to self-fund Pilbara iron expansion

 Fortescue Metals Group will spend $360 million to upgrade its Christmas Creek iron ore mine in the Pilbara to boost its total Pilbara output by 40 per cent to 55 million tonnes a year by mid 2011, and fund further expansions through cash flow.

BHP, Mega heat up WA uranium battle

 The race to establish the state's first uranium mine is heating up with Canada's Mega Uranium planning a $53 million capital raising for the Lake Maitland project while BHP Billiton's Yeelirrie operation received a setback. In what is increasingly becoming a race to establish WA's first mine, current front runner Mega revealed it would raise funds through North American investors while the public consultation period for BHP's project was extended by four weeks.

ASIC starts another Westpoint action

 The corporate watchdog says it will start civil proceedings against Perth financial advisory firm Brighton Hall Securities after clients invested $14 million into the failed Westpoint Group.


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