NAIF makes its first investment in the Northern Territory
The Northern Australia Infrastructure Facility’s first investment in the Northern Territory will help expansion of an aquaculture business, creating regional jobs and helping meet increased demand for seafood.
Australian Government Minister for Resources and Northern Australia today welcomed the NAIF board’s first investment in the Northern Territory to Humpty Doo Barramundi.
2018 offshore petroleum exploration acreage release
The Minister for Resources and Northern Australia has formally released the 2018 offshore petroleum exploration areas at the annual APPEA Conference in Adelaide.
The Australian Government's annual release of offshore petroleum exploration acreage encourages investment and contributes to the responsible development of Australia's oil and gas resources.
New data reveals potential copper 'hot spots' in Northern Australia
Potential copper 'hot-spots' in an area on the Queensland-Northern Territory border are revealed in new data released by the Australian Government today.
Minister for Resources and Northern Australia said these locations were contained in the latest Northern Australian Geochemical Survey (NAGS) data.
Government plans to remove Gove wharf
The old government wharf at Nhulunbuy will be removed to open new opportunities for economic redevelopment, the Treasurer has announced.
As part of yesterday’s Budget, the Treasurer, who is also the Minister for Infrastructure, said $1.6 million had been set aside for the removal.
Read the full article on government plans to remove Gove wharf.
Barossa Offshore Project Enters Front-End Engineering Design (FEED) Phase
The Barossa joint venture, consisting of ConocoPhillips Australia Exploration Pty Ltd (ConocoPhillips), SK E&S Australia Pty Ltd and Santos Offshore Pty Ltd, have approved entering the FrontEnd Engineering Design (FEED) phase on the Barossa Offshore Project.
Barossa is an offshore gas and light condensate project that proposes to provide a new source of gas to the existing Darwin LNG facility, subject to suitable commercial arrangements being put in place. The offshore development concept includes a Floating Production Storage and Offloading (FPSO) facility, subsea production system, and gas export pipeline, located in Commonwealth waters about 300kms north of Darwin. The existing Darwin LNG infrastructure owners are assessing several options to backfill the facility from 2023 when the current offshore gas supply from Bayu-Undan is expected to be exhausted.