All
 

 

Just in:  

You are here: Home»Markets»Energy»Australia

Australia

Archive

Shell, OMV, Mitsui to drill deepwater well in New Zealand WELLINGTON: Royal Dutch Shell, Austria's OMV and Japan's Mitsui will drill an exploration well off New Zealand's southeast coast, becoming the latest group to search for natural gas in the country's largely untapped deepwater basins. The Shell-led project would follow a programme by Anadarko Petroleum of the United States to drill two deepwater wildcat wells in New Zealand this year in a joint venture with Australia's Origin Energy Ltd.Anadarko has already started drilling its first well off the west coast of the North Island. After decades of neglect, interest in exploring in New Zealand's rough seas has been on the rise following the development -- spearheaded by Shell -- of floating LNG facilities, as it means gas can be processed for shipping without having to build an expensive onshore plant. Shell on Tuesday said it planned to drill an initial project well in the remote waters of the Great South ...

Australia shares finish above 5,000 points, but pare early gains SYDNEY: Australian shares ended 0.6 percent up on Monday, driven by financial and resource stocks as sentiment was buoyed by China's interest rate reform and a government election win in Japan, but losses in other Asian indices pared early gains.The S&P/ASX 200 index climbed 29.8 points to finish at 5,001.9 after hitting a two-month high earlier in the session. The benchmark fell 0.4 percent on Friday.New Zealand's benchmark NZX 50 index rose 0.3 percent or ...
Brent slips towards $105 after gains, supply worries stem losses SINGAPORE: Brent futures slipped back towards $105 a barrel on Tuesday as investors saw the recent surge in prices as an opportunity to book profits, with concerns of an escalation in tensions in the Middle East helping to stem losses.The benchmark hit its highest in nearly a month above $105 in the previous session as supply worries following Israeli air strikes on Syria trumped concern of weak global demand. Oil also drew support from a ...
Sri Lanka bourse at one month high on foreign buying COLOMBO: Sri Lankan stocks rose for a fifth straight session on Wednesday hitting a one-month high on foreign purchases of John Keells Holdings.Local investors remained on the sidelines as yields in T-bills rose for a third straight week.The main index ended 0.21 percent or 11.96 points higher at 5,734.82, its highest close since Feb. 19.Foreign investors were net buyers of 209.7 million rupees worth of shares, extending the year-to-date net foreign inflow to 4.19 billion ...
Australian gas rush set to overhaul Qatar SYDNEY: Australia is set to become the world's biggest liquefied natural gas producer, with analysts predicting it will overtake Qatar by 2020 as it unlocks reserves that could last more than a century. Seven of the world's 10 major LNG projects are under construction Down Under, with Aus$176 billion (US$183 billion) of private Australian and foreign investment in gas projects since 2007. "The projects already under development will take us ahead of Qatar. It's just a case ...
BHP says to invest $845m in Australian coal  SYDNEY: BHP Billiton , the world's largest miner, said on Friday it had approved an $845 million investment to establish a replacement mining area at the Appin Mine in Australia's New South Wales state. The area will have a production capacity of 3.5 million tonnes per year of metallurgical coal from 2016, replacing production at the West Cliff Mine, BHP said in a statement. Copyright Reuters, 2012 ...
ADELAIDE: Chevron Corp has signed a preliminary agreement to sell Japan's Tohoku Electric one million tonnes of liquefied natural gas per year for 20 years, the US oil major said on Sunday. The gas will come from its Wheatstone plant in Australia, Roy Krzywosinski, Chevron Austalia's managing director told reporters in Adelaide, adding that with this sale more than 80 percent of the gas from the 8.9 million tonnes per year (mtpa) Wheatstone project had been ...

 



 
Index Closing Chg%
Arrow DJIA 17,804.80 0.15
Arrow Nasdaq 4,765.38 0.36
Arrow S&P 2,070.65 0.46
Arrow FTSE 6,545.27 1.23
Arrow DAX 9,786.96 0.25
Arrow CAC-40 4,241.65 0.18
Arrow Nikkei 17,621.40 2.39
Arrow H.Seng 23,116.63 1.25
Arrow Sensex 27,371.84 0.90






ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyOctober
Trade Balance $-2.309 bln
Exports $1.957 bln
Imports $4.266 bln
WeeklyDecember 18, 2014
Reserves $14.04 bln