2018 news archive
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.
Northern Australia Infrastructure Facility changes to fast-track infrastructure investment
The Australian Government will amend the investment mandate of the Northern Australia Infrastructure Facility (NAIF) to increase its flexibility and improve its potential to support projects that deliver more jobs and economic opportunities to Northern Australia.
The Minister for Resources and Northern Australia said today the action was based on the findings of an independent expert review of NAIF, undertaken by Tony Shepherd AO.
Northern Territory gas decision a step in the right direction
The Australian Government welcomes the decision by the Northern Territory Government to develop their gas resources. While we await further details, this is a step in the right direction.
As quoted in the Northern Territory Inquiry, Geoscience Australia estimates that the Northern Territory has 257,276 PJ of prospective shale gas resources, equivalent to over 200 years of east coast domestic demand.
Fracking moratorium lifted - strict laws to be in place before exploration or production can occur
The Chief Minister today announced the Northern Territory Government had accepted all 135 recommendations of the independent fracking inquiry.
The Chief Minister said implementation of the recommendations of the final report of the inquiry would now begin so that Territorians could benefit from the creation of new jobs while protecting our unique natural environment for generations to come.
Donghai Airlines to revolutionise NT visitor economy - China flights announced today
The Chief Minister announced today the first-ever flights from China. Donghai Airlines will start the direct non-stop service from Shenzhen from Wednesday 30 May 2018.
Mr Gunner said the new service would bring thousands of new Chinese visitors to the Territory, and has the potential to pump around $32 million into the economy each year, once the route reaches three flights per week at 80% capacity.
Creating jobs: promoting the NT to Japan and South Korea
The Minister for Primary Industry and Resources will lead a government and trade delegation to Japan and South Korea today to strengthen relationships with the two countries and explore trade opportunities for the Territory.
The minister, who will travel with representatives from mineral exploration companies, will meet with government officials, potential private investors and strategic partner organisations.
Goldman Sachs tests interest in SkyCity Darwin
Trans-Tasman casino owner SkyCity Entertainment Group has hired Goldman Sachs to find a buyer for its Darwin casino.
As SkyCity fronted investors for its strategy day on Tuesday, the company revealed it had Goldman Sachs in the market testing buyer appetite in SkyCity Darwin.
Analysts reckon the casino could be worth $200 million to $250 million.
Read the full article on Goldman Sachs tests interest in SkyCity Darwin.
Live export industry moooving quickly
The Northern Territory’s live export industry is off to a flying start this year with more than 30 000 head of cattle exported from Darwin during January.
Minister for Primary Industry and Resources said the figures - more than double those of January 2017 – confirmed the high level of demand for Australian cattle overseas, and reinforced the need to invest in the industry.
Read the full media release on live export industry moooving quickly.
World's second-most powerful battery after Tesla mooted for Top End
The world's second-most powerful battery could be built in the Top End as part of a plan to produce more renewable energy for the Northern Territory (NT).
Territory Generation, the NT Government-owned corporation that runs power plants in the jurisdiction, wants to build a large-scale renewable energy storage system for Darwin and Katherine.
It has released an expression of interest for a 25 to 45 megawatt battery.
Hopes rise for NT mining
The Northern Territory (NT) mining industry has received another major boost with the announcement that the proposed Molyhil tungsten and molybdenum project in Central Australia has had its life extended by 17% to seven years.
This follows good news last week that another mining project, the $1.19 billion Nolan's rare earths mine north of Alice Springs has been recommended for approval by the NT Environment Protection Authority.
Read the full article on hopes rise for NT mining.