ENERGY

Indophil Resources NL performs after SMC buys $40-M shares

Australian mining firm Indophil Resources NL jumped to the highest in 10 months in the ASX after one of the Philippines' s largest conglomerate San Miguel Corp. agreed a share placement worth $40-million in the company on October 8.

Local stocks down on profit taking

Local stocks pulled back slightly today, but still mirrored the weakness of Wall Street as the benchmark S&P/ASX200 index was down 10 points, or 0.21 per cent, at 4,681.3 points, while the broader All Ordinaries index had eased 5.9 points, or 0.12 per cent, to 4,740.3 points.
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BP Solar, Verve Energy to build WA solar plant

BP Solar is partnering with Verve Energy as the lead contractor to build Australia's largest ever grid-connected solar power plant, a 10 megawatt (MW) utility scale solar photovoltaic (PV) plant in Western Australia.

Analysts doubt PNG project

Unlike Queensland Premier Anna Bligh, financial analysts are casting doubt on the economic and sovereign risk factors involved in the proposed Purari river project.

Queensland free from Origin project costs

Origin Energy Limited (ASX: ORG) and PNG Energy Developments will undertake an 18-month feasibility study for building an 1800 megawatt power plant on the Purari River in the Papua New Guinea (PNG) highlands.

Origin renews plans for hydroelectricity project

Origin Energy (ASX: ORG) announced today it will sign an agreement with the governments of Papua New Guinea and Queensland to support the potential development of a renewable hydroelectricity project.

Greens are pushing it

The kingmaker Greens are beginning to use their influence on the prime minister and her court.

MetroCoal JV partner receives approval

Authorities in the Asian nation has given the green light to the $30 million joint venture between Australian coal-based energy company MetroCoal Ltd (ASX: MTE) and a Chinese state-owned company.

Aborigines to fight Woodside

Australia's aborigines cry 'Noonkanbah' when the West Australian government started acquiring land for Woodside Petroleum Limited's (ASX: WPL) $30 billion gas project.

Rio Tinto invests US$1.6 billion in Hope Downs 4 mine

British-Australian miner Rio Tinto (ASX:RIO) announced on Monday it will invest US$1.6 billion to develop the Hope Downs 4 iron ore project in Western Australia and link with Rio Tinto's existing rail, power and port infrastructure in the Pilbara.

Caltex expands supply capability in WA

Caltex Australia (ASX:CTX) has announced today it intends to continue a major expansion of its fuel terminal at Port Hedland in Western Australia in a move set to increase supply capability to the resource-intensive state's diesel market.

Businesses highly dependent on electricity

Two thirds or about 6,000 of Alice Springs customers lost electricity after a switch fault at a substation before 7 this morning. Businesses in the area have started to complain about the long hours without power.

Kimberly protects aborigines

The Kimberley Land Council disclosed the breakdown of negotiations over the proposed $30 billion gas hub at James Price Point.

5% APA shareholders return until 2011

Natural gas infrastructure owner APA Group expect clean earnings in the financial year ahead since natural gas use around the nation is expected to grow.

Origin open for merger deals

Australia's second largest electricity retailer Origin Energy (OGFGF) will build multi billion liquefied natural gas (LNG) plants, four of which, to be located in Queensland.

BHP to influence potash pricing

Australian diversified natural resources company BHP Billiton (ASX:BHP) has signalled it could drive a shake-up of the global pricing of potash if its $43 billion bid for Potash Corp of Saskatchewan Inc. succeeds.

Coal squeezes out Wesfarmers’ profit

Wesfarmers' (ASX:WES) disparate collection of businesses, including supermarkets, insurance, chemicals, hardware, office supplies and coal, has posted a smaller than expected rise in full-year profit.

BHP credit review hits Aussie dollar

The Australian currency opened weaker Thursday morning after ratings agency Moody's (NYSE:MCO) announced it would review the credit rating of global miner BHP Billiton (ASX:BHP).

Woodside seeks gas deals for massive Pluto project

Woodside Petroleum (ASX:WPL) is trying to reach gas supply agreements with BHP Billiton (ASX:BHP), ExxonMobil and US explorer Hess over the next months in support of a massive expansion of its $13 billion Pluto liquefied natural gas project in Western Australia, analysts say.

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