Oct 18, 2017 Last Updated 7:56 AM, Oct 18, 2017

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BHP reports mixed results for copper and iron ore in Q2

BHP reports mixed results for …

AusBN - The world’s number one miner BHP announced increased copper p...

Rio Tinto ships more Pilbara iron ore but lowers copper outlook in Q3 report

Rio Tinto ships more Pilbara i…

AusBN - Rio Tinto (ASX:RIO) produced another set of mixed results in its Q3...

Chevron abandons drilling in Great Australian Bight

Chevron abandons drilling in G…

AusBN - Chevron has halted its plans to explore in the deep waters off Aust...

Australia generates 3GW of wind power

AusBN – Australia achieved record wind power generation on Tuesday morning, generating 2,988 megawatts of output in the National Electricity Market which excludes some areas.

This implies a total output exceeding 3,000 megawatts when combined with wind power generated in Western Australia and other remote grids.

The National Electricity Market has a total capacity of 3,766 megawatts but until now the highest proportion of it used was 2,848 megawatts on 16 December 2014.

South Australia generated the most electricity from wind on Tuesday, outputting 1,066 megawatts, while Victoria came in a close second with 1,021 megawatts.

Australia’s largest wind farm contributed 388 megawatts on its own.

A recent study showed that wind power could generate up to 30% of Australia’s electricity by 2025 if new turbines continue to be installed at the current pace.

@AusBNOnline

Inpex starts oil production in Australia

AusBN – Inpex Corporation subsidiary Inpex Alpha has started producing oil from its Coniston Oil Field in offshore Western Australia.

The oil field covers 45 kilometres squared in the WA-35-L and WA-55-L blocks where the water is 380 metres deep.

Inpex is also engaged in oil production at the Van Gogh Oil Field, which is 6 kilometres north of the Coniston field.

The Coniston Oil Field is operated by Inpex’s 52.5% partner on the project, Apache.

Average production at the field during its first year is expected to reach 18,000 barrels of oil per day.

@AusBNOnline

Vector to bring Tesla batteries to NZ

AusBN – New Zealand’s top electric company Vector (NZX: VCT) has partnered up with Tesla to bring energy storage solutions to the homes and businesses in the Asia-Pacific region.

Vector will offer Tesla’s new consumer batteries to customers in New Zealand and possibly Australia, becoming the first electricity network operator to give its customers options for solar and storage.

 Vector CEO Simon MacKenzie said the partnership was “the start of a significant change in the energy industry”.

He added: “Tesla is the largest producer of batteries in the world, as well as the most cost-effective, and this strong relationship will allow us to take it to the next level across the country.”

Mackenzie said that the Powerwall batteries would create energy storage opportunities for community groups, renters and low-income households.

@AusBNOnline

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