THE GREAT & TERRIBLE ULURU
COMMUNITY concern is growing for the sanctity of Uluru after a drilling program reported positive results on a permit extending to just 75km from the famous rock. Central Petroleum and Santos own the Amadeus Basin petroleum exploration license EP 125 in a joint venture and have been drilling a conventional exploration well at the Mt Kitty 1 site, about 190km from Uluru.
Last month Central reported encouraging but disparate results from the drilling program, with chief executive Richard Cottee calling the findings "positive". "The presence of methane and higher hydrocarbons confirms the presence of a working petroleum system in the permit, and the presence of high value helium is very encouraging," he said. "However...the commercial significance of the Mt Kitty 1 gas discovery is unable to be judged based on results recorded to date."
The preliminary results came after the joint venture reported an incident at the rig in April that forced a suspension of operations. In a statement, Central said Santos was suitably encouraged by the results to resume sampling operations, with further results to be available by the end of June. Drilling on the permit sparked community anger about potential unconventional exploration and production too close to Uluru.
A meeting of more than 100 people in Alice Springs resolved to form a local action group to challenge fracking in the Territory. Lock the Gate coordinator Boudicca Cerese said plans to look for gas near Uluru demonstrated that the gas industry did not consider anything off limits. "The problem is that there is a 'drill and frack at all costs' mentality, when the science behind fracking and the laws in place are inadequate to protect the community," she said.
"To think that an area of huge cultural significance worth millions of dollars to the tourist industry could face a future as a gasfield is a major concern.
"The Alice Springs meeting last night heard that fracking should not proceed until there have been proper scientific assessments, strong regulations put in place and no-go zones created to protect sensitive areas, water resources and important industries such as the tourism and pastoral industries."
A Santos spokesman said the company was looking for conventional and shale reserves within the permit area, while Mr Cottee told The Australian Central had no plans to undertake fracking within EP 125.
|February, 16, 23:45:00|
|February, 16, 23:40:00|
|February, 16, 23:35:00|
|February, 16, 23:30:00|
|February, 16, 23:25:00|
|February, 16, 23:20:00|
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.
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.
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.
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.