Archived News for Industry Professionals - October, 2011
Construction of the Kitan oil field, 550 kilometres north of Darwin in the Timor Sea, has started.
The Kitan field is being developed through the construction of deep water subsea completion wells that will allow the facility to reach a peak production of around 40,000 barrels of oil per day (BOPD).
Oil from the Kitan field will be fed from three undersea wells to a large vessel called a floating production storage and offloading facility.
Hays finds growing demand for resources professionals
Recruitment specialist Hays has published its report on employment trends for the October quarter, finding increasing demand for professionals with any experience in the mining and resources sector.
Federal Government outlines transport reform agenda
The Federal Government has announced a three point reform agenda for the country’s ports, freight and shipping industries.
Commodities keep Australia in an 'enviable position'
The International Monetary Fund has praised Australia’s economic position, saying that the country is well positioned to continue to reap the benefits from the ongoing commodity boom, a sound financial policy framework and a stable financial services sector.
Olympic Dam expansion receives environmental approval
The Federal and South Australian Governments have approved the Environmental Impact Statement for the $30 billion expansion of BHP Billiton’s Olympic Dam mine in South Australia.
Xstrata dumps CopperString transmission in favour of Diamantina Power Station
Plans for the CopperString 1,000 km transmission line from Townsville to Cloncurry in north-west Queensland have been thrown into doubt by an announcement by Xstrata that it will obtain its power from the new gas-fired Diamantina Power Station under a 17-year contract with the Diamantina consortium.
ASX to review resource and reserve disclosure rules
The Australian Stock Exchange is calling for comments from stakeholders on a consultation paper it has released on the Listing Rule reporting requirements that apply to mining, and oil and gas companies.
GHD awarded pipeline route tender
GHD Pty Ltd has been announced as the successful proponent to determine route alignment options for the Bunbury to Albany Gas Pipeline corridor.
X-ray device to assist in mineral detection
CSIRO has announced the development of a x-ray imaging detector that will use a new method of characterising mineral ores.
New Hope commences bidding process
Queensland coal mining company, New Hope Corporation, has put itself up for auction and has received a number of preliminary proposals.
Resources drive record Asian exports
Australian exporters have recorded a trade surplus of $3.1 billion in August – the second highest on record – as well as experiencing the highest exports to Asia on record.
Resources jobs to surge in the next five years
BHP Billiton has predicted Australia's resources industry will need an extra 170,000 workers in the next five years, a figure 60 per cent higher than a previous government forecast used to develop policies for meeting skills demand.
Preferred tenderer announced for pipeline to supply resources sector
John Holland has been selected as the preferred tenderer for the construction of the $400 million Connors river Dam to Moranbah Pipeline in Central Queensland.
Wheatstone construction to start immediately
Chevron Australia has announced constriction will begin immediately on the company’s Wheatstone LNG Project at Ashburton North on the Pilbara Coast.
Auditor General urges more focus on mining compliance
Western Australia’s Auditor General Colin Murphy has submitted a report to State Parliament outlining his the need for increased focus on compliance with mining conditions in the state.
WA named a top investment destination for global resources
Resourcestocks magazine has published its 2011 World Risk Survey, finding that Western Australia shares first place with South Australia and Novia Scotia in the Australian States and Canadian Provinces survey.
Queensland seals $2.5 billion coal port deal
Queensland’s coal export capacity will be boosted as a result of the financial close of the $2.5 billion Wiggins Island Coal export Terminal.