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2014-03-17 08:05:00

GREAT POTENTIAL IN QUEENSLAND

GREAT  POTENTIAL  IN  QUEENSLAND

APPEA. There remains enormous potential to safely explore and develop Queensland's shale gas resources, to create jobs and attract another wave of economic investment, the Australian Petroleum Production & Exploration Association (APPEA) said today.

Already natural gas from coal seams feeds almost 100 per cent of Queensland's gas supply needs and has been responsible for generating about 30,000 jobs, mostly in rural and regional communities.

Comments made today by the Queensland Opposition about the future of shale gas development ignore the Queensland gas industry's proven record of safe operations over many decades.

APPEA Chief Operating Officer Paul Fennelly said: "It is very important that political parties do not adopt policies from The Greens to stop resource development and the benefits it can bring to Queensland's economy.

"Across the border in South Australia about 685 wells have been safely fractured stimulated in the Cooper Basin over the last 40 years.

"Shale gas also uses multi-pad horizontal drilling, which ensures that the surface footprint of activities is minimised so that there is little impact on agricultural operations or the environment."

Last year the Australian Council of Learned Academies highlighted the "great potential" of shale gas as an important new energy option for Australia, while also identifying challenges that could be met through careful management.

Mr Fennelly said: "Industry supports the findings that robust regulation and best practice operations are central to managing and mitigating the identified risks."

Tags: QUEENSLAND, AUSTRALIA, SHALE, GAS

Chronicle:

GREAT  POTENTIAL  IN  QUEENSLAND
2018, February, 16, 23:15:00

DEWA INVESTS $22 BLN

AOG - The Dubai Electricity & Water Authority (DEWA) is to invest around $22bn on new energy projects across the next five years, with the renewables sector accounting for an increasing share of electricity generation, according to CEO Saeed Mohammed Al Tayer.

GREAT  POTENTIAL  IN  QUEENSLAND
2018, February, 16, 23:10:00

TRANSCANADA NET INCOME $3.0 BLN

TRANSCANADA - TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada or the Company) announced net income attributable to common shares for fourth quarter 2017 of $861 million or $0.98 per share compared to a net loss of $358 million or $0.43 per share for the same period in 2016. For the year ended December 31, 2017, net income attributable to common shares was $3.0 billion or $3.44 per share compared to net income of $124 million or $0.16 per share in 2016.

GREAT  POTENTIAL  IN  QUEENSLAND
2018, February, 16, 23:05:00

RUSSIAN NUCLEAR FOR CONGO

ROSATOM - February 13, 2018, Moscow. – ROSATOM and the Ministry of Scientific Research and Technological Innovations of the Republic of Congo today signed a Memorandum of Understanding on cooperation in the field of peaceful uses of atomic energy.

GREAT  POTENTIAL  IN  QUEENSLAND
2018, February, 16, 23:00:00

U.S. INDUSTRIAL PRODUCTION DOWN 0.1%

FRB - Industrial production edged down 0.1 percent in January following four consecutive monthly increases. Manufacturing production was unchanged in January. Mining output fell 1.0 percent, with all of its major component industries recording declines, while the index for utilities moved up 0.6 percent. At 107.2 percent of its 2012 average, total industrial production was 3.7 percent higher in January than it was a year earlier. Capacity utilization for the industrial sector fell 0.2 percentage point in January to 77.5 percent, a rate that is 2.3 percentage points below its long-run (1972–2017) average.

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