Feb 25, 2018 Last Updated 10:02 AM, Feb 23, 2018

New Entry From the Editor :

Australia slips to second place in mining investment attractiveness ratings

Australia slips to second plac…

AusBN - Australia has fallen to second place in the Fraser Institute’...

Wesfarmers reports 87% H1 profit plunge on business write-downs

Wesfarmers reports 87% H1 prof…

AusBN - Wesfarmers (ASX:WES) has reported an 86.6% nose-dive in its H1 net ...

Australian female labour force participation reaches record high

Australian female labour force…

AusBN - Australia’s female labour force participation rate reached a ...

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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Australia signs climate change agreement

COP21 logoAusBN – Australia, along with the other 192 member states of the United Nations, reached an agreement to combat climate change at the historic United Nations Framework Convention on Climate Change (UNFCCC) 21st Conference of Parties (COP21).

The governments agreed to a primary goal to keep the global temperature rise below 2C above pre-industrial levels, and to strive to limit the increase even further to 1.5C.

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Woodside approves $2bn gas development

liquefaction plantAusBN – Woodside Petroleum (ASX: WPL) has approved a $2 billion gas development within its majority-owned North West Shelf project in Western Australia.

The project will develop 1.6 trillion feet of gas, which will begin being piped to the existing Goodwyn A platform in the first half of 2020.

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