Tethys Petroleum, an oil and gas exploration and production firm in Central Asia, has updated the first results of the AKD06 Doris appraisal well, located in Kazakhstan.
Australia’s export earnings from the resources and energy sector are likely to hit a record high of $215 billion as per official forecasts. The Bureau of Resources and Energy Economics forecast in its last quarterly report that a 21% increase was expected in the 2011-2012 export earnings.
Falcon Oil & Gas Australia has begun the Shenandoah #1 well operations, wherein the well is located in the Beetaloo Basin, Australia.
Is the mining industry really the big boon for the Australian economy that it is made out to be? A new report from The Australia Institute questions this. The author of the report and economist Richard Dennis said that the political clout of the mining industry was way out of proportion with its economic reality.
ADX Energy has drilled a 16" hole to 1,001 m of total depth at Sidi Dhaher-1 well. The company has spotted a competent structure for the casing shoe and has commenced to arrange for 13 3/8" casing processes.
A new report that was commissioned by the Minerals Council of Australia says that miners will pay close to $23.4 billion in tax to federal and state governments in 2010-11 financial year. Deloitte Access Economics said in the report that the mining industry has paid an average tax of 41.5% from the financial years between 2007-8 to 2009-10.
TAG Oil has signed a farmout agreement with Apache for potentially expanding and discovering oil and natural gas resources occurring in New Zealand’s East Coast basin.
Nicole Roocke, director of Western Australia's Chamber of Minerals and Energy, is amongst the many people who are apprehensive that a heritage listing for the Kimberley region by the government will lead to restrictions on the region’s mining and exploration development.
Sundance Energy has secured the licenses to drill at six sites, where two sites are situated at its Muskowekwan First Nation Permit and four locations are present at its Ochapowace First Nation Permit in southeast Saskatchewan.
In a small-scale poll the majority of Australian respondents support a ban on coal seam gas (CSG) mining while the study of the impact of the industry on the environment intensifies. 68% of respondents said that a moratorium should be put in to place for coal seam gas mining while the environmental impacts were studied.
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