Mar 21, 2018 Last Updated 10:48 AM, Mar 21, 2018

New Entry From the Editor :

Glencore acquires $1.7 billion Hail Creek coal mine as rivals exit the industry

Glencore acquires $1.7 billion…

AusBN - Glencore will purchase Rio Tinto’s Hail Creek coal mine in Qu...

TPG Telecom H1 profit dips 11% to under $200 million

TPG Telecom H1 profit dips 11%…

AusBN - Telecommunications firm TPG Telecom has posted a first-half net pro...

Australian junior Raiden Resources strikes momentous deal with Rio Tinto

Australian junior Raiden Resou…

AusBN - Raiden Resources (ASX:RDN) will enter a joint venture with Rio Tint...

Australian funds to buy Maui gas pipeline

pipelineAusBN – Shell (LSE, NYSE, Euronext: RDSA, RDSB) subsidiary Maui Mining will sell the Maui Pipeline in New Zealand to two infrastructure funds managed by First State Investments of Australia.

Global Diversified Infrastructure Fund and Colonial First State Active Infrastructure Income Fund will pay NZ$335 million (US$223 million) for the 307-kilometre pipeline.

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South Australian wind farm wins ACT contract

renewablesAusBN – The 270-megawatt Hornsdale Wind Farm, currently under construction about 220 kilometres north of Adelaide, has won a contract to deliver an additional 100 megawatts of electricity to the Australian Capital Territory.

Being built near Jamestown, Hornsdale is a joint venture between French company Neoen and Megawatt Capital Investments.

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Otto and Byron Energy sign farm-out deal

statoilAusBN – Australian oil and gas companies Otto Energy Limited (ASX: OEL) and Byron Energy Limited (ASX: BYE) have signed a farm-out agreement worth up to US$17.3 million to further develop Byron’s projects in the Gulf of Mexico.

Otto will earn working interests of up to 50% in Byron’s SM 6 and SM 70/71 leases by paying a disproportionate share of the drilling costs and reimbursing a portion of Byron’s past costs.

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