Gas Week

EWN Publishing

Archive for the ‘Volume 2603’ Category

Spot iron ore $US110 a tonne compared with the Australian contract price of $US52 a tonne; crude oil continues to trade above $US80 a barrel: analysts predict contract price rises up to 40pc for iron ore in 2008-09

Posted by gasweek on 11 October, 2007

Spot iron ore [Indian spot at port India, free on board] was trading at more than $US110 a tonne, compared with the Australian contract price of $US52 a tonne, according to Stephen Wyatt in Shanghai, writing in The Australian Financial Review, (8/10/2007, p. 23).

Read the rest of this entry »

Posted in oil, Price, US, Volume 2603 | Leave a Comment »

Indicators suggest a move in the spot price of uranium to $US90 a pound by early 2008; up to $US120 a pound by late 2008

Posted by gasweek on 11 October, 2007

John Wilson, managing director, Resource Capital Research, Warwick Grigor, managing director, Far East Capital, a Sydney-based private investment bank specialising in the resources sector, and Michael Angwin, executive director, Australian Uranium Association, answered questions about the price of uranium, reported The Australian Financial Review (10/10/2007, p. 34).

Read the rest of this entry »

Posted in Fuel, Price, Volume 2603 | Leave a Comment »

SP AusNet’s subsidiaries remain on CreditWatch with negative implications

Posted by gasweek on 11 October, 2007

Standard & Poor’s Ratings Services said that its ratings on SP AusNet Group (SP AusNet; A/Watch Neg/–) and SP AusNet’s subsidiaries remain on CreditWatch with negative implications, where they were initially placed on March 30, 2007. This update comes after SP AusNet’s board agreed to acquire assets formerly owned by Alinta Ltd. (BBB/Watch Neg/–) from parent Singapore Power Ltd. (AA/Watch Neg/–) for more than A$8.1 billion.

Read the rest of this entry »

Posted in Finance, South Australia, Volume 2603 | Leave a Comment »

Iron ore prices forecast to rise by between 20 per cent and 50 per cent after BHP abandons contract and goes for spot price, for new sales

Posted by gasweek on 11 October, 2007

Analysts predict iron ore prices to rise by between 20 per cent and 50 per cent — consensus estimates fall at about the 30 per cent mark. According to Michael Vaughan, in The Australian Financial Review, (4/10/2007), p. 15, BHP Billiton would be able to add more than $US500 million ($563 million) to its pretax profit by selling its additional iron ore production in 2007-08 on the spot market should it not convince customers to compensate it for the reduced freight costs of its iron ore.

Read the rest of this entry »

Posted in Finance, Volume 2603 | Leave a Comment »

State and Fed Govt financial-reporting harmonised; AASB looks at more onerous standards for private companies, non-profits

Posted by gasweek on 11 October, 2007

The accounting standards-setter has agreed to harmonise Federal and State Government financial reporting and progressed talks with New Zealand to ensure the two countries’ standards were “as similar as possible”, wrote Patrick Durkin in The Australian Financial Review (8/10/2007, p.8).

Read the rest of this entry »

Posted in Finance, NZ, Volume 2603 | Leave a Comment »

Aus Federal Police confirm its officers trained 20 Burmese police in in­telligence gathering; Aidwatch seeks halt to co-operation

Posted by gasweek on 11 October, 2007

The Australian Federal Police confirmed three of its officers trained 20 Burmese police in in­telligence gathering, as the inter­national group Aidwatch warned that such co-operation should be curtailed amid the brutal sup­pression of democracy activists, wrote Craig Skehan in The Sydney Morning Herald (5/10/2007, p.6).

Read the rest of this entry »

Posted in Burma, Myanmar, Volume 2603 | Leave a Comment »

New ‘Meretec’ recycling-process recovers 100pc of zinc coating from galvanised steel: cuts pollution, water use, mining waste

Posted by gasweek on 11 October, 2007

The vast majority of steel used in the automotive, building and manufacturing industries was zinc coated (galvanised), to protect against corrosion, according to a statement by Southern Rocycling (28/9/2007).

Read the rest of this entry »

Posted in Volume 2603 | Leave a Comment »

AT&T adds extra condition to terms and conditions it imposes upon its broadband users in US: swift cut-off possible for any email that “tends to damage the name or reputation of AT&T”

Posted by gasweek on 11 October, 2007

According to John Davidson, AT&T has just added an extra condition to the terms and conditions it imposes upon its broadband users in the US, threatening the very censorship we’re talking about, reported The Australian Financial Review (9/10/2007, p.30).

Read the rest of this entry »

Posted in Security, Unknowns, Volume 2603 | Leave a Comment »

Attorney-General employs “extremely heavy-handed piece of legislation” meant for international spies, huge taxpayers’ funds in bid to persecute peace protesters, Dems Senator says

Posted by gasweek on 11 October, 2007

Democrats Senator Andrew Bartlett (Queensland) told the Senate on 20 September 2007 it was wrong for the Government to use the Defence (Special Undertakings) Act, intended for application toward international spies, against non-violent protesters who had entered the Pine Gap facility.

Read the rest of this entry »

Posted in Defence, Security, US, Volume 2603 | Leave a Comment »

Telecommunications act grants law enforcement agencies enormous powers to monitor private conversations; ASIO can peruse `real time’ mobile phone data to pinpoint location of a user, without need to obtain a warrant

Posted by gasweek on 11 October, 2007

Democrats Senator Stott Despoja (South Australia) on 20 September 2007 told the Senate that the Telecommunications (Interception and Access) Amendment Bill 2007 should be amended to require agencies to obtain a warrant before using a person’s mobile phone as a tracking, tracing and monitoring device.

Read the rest of this entry »

Posted in Defence, Security, Volume 2603 | Leave a Comment »

Telecommunications Act rejig allows spooks to lawfully authorise disclosure of data without breaching general prohibitions on disclosure

Posted by gasweek on 11 October, 2007

ALP Senator Joseph Ludwig (Queensland), speaking on the Telecommunications (Interception and access) Amendment Bill 2007 , said the key purpose of schedule 1 in the bill was to transfer security and law enforcement provisions from parts 13, 14 and 15 of the Telecommunications Act to the TIA Act. Schedule 1, item 12 also inserted a new chapter 4, which deals with access to telecommunications data. The amendments established a regime for particular officers of ASIO or an enforcement agency to lawfully authorise the disclosure of telecommunications data without breaching the general prohibitions on the disclosure of that data that exist within existing sections 276, 277 and 278 of the Telecommunications Act.

Read the rest of this entry »

Posted in Defence, Security, Volume 2603 | Leave a Comment »

Greens glare at Telecommunications bill: “track and tap” bill to enable authorities to conduct real time tracking of people’s mobile phones and Internet browsing without obtaining a warrant

Posted by gasweek on 11 October, 2007

Greens Senator Kerry Nettle (New South Wales) told the Senate on 20 September 2007 that the Telecommunications (Interception and Access) Amendment Bill 2007 was a threat to privacy and civil rights.

Read the rest of this entry »

Posted in Defense, Security, Volume 2603 | Leave a Comment »

Three-quarters of Australians saw Australia’s involvement in Afghanistan war as making the nation more of a target for terrorists

Posted by gasweek on 11 October, 2007

According to Sandra O’Malley and Adam Bennett, a comprehensive study of public attitudes to the nation’s closest ally conducted by the Sydney University-based United States Study Centre found a continuing decline in Australians’ opinion of America, based largely on the wars in Iraq and Afghanistan, reported The Canberra Times (4/10/2007, p.8).

Read the rest of this entry »

Posted in Australia, Defence, Security, Volume 2603 | Leave a Comment »

Regional groups can develop biodiesel industry in their local community: “starting block” for sustainable industry

Posted by gasweek on 11 October, 2007

A new report has found that by working together to refine oil crops specifically grown for on-farm fuel supplies, regional groups could develop an economically sustainable biodiesel industry in their local community, reported Farm Weekly (27/9/2007, p.20).

Read the rest of this entry »

Posted in Agriculture, Biofuels, Victoria, Volume 2603, WA | Leave a Comment »

Greens say telephone and internet companies will be required to funnel data on phone calls, email, VOIP and web browsing in real time to the police or ASIO under Govt legislation

Posted by gasweek on 11 October, 2007

Greens Senator Kerry Nettle (New South Wales) told the Senate on 20 September 2007 that, under the Telecommunications (Interception and Access) Amendment Bill 2007, telecommunication companies would have to funnel data in real time to the police or ASIO.

Read the rest of this entry »

Posted in Defence, NSW, Security, Volume 2603 | Leave a Comment »

Lots of land in WA boom areas; problem is getting builders to build houses on lots, says WA Minister

Posted by gasweek on 11 October, 2007

The West Australian Government was doing its best, in asociation with industry, to get houses built in mining and resource areas, said Alannah MacTiernan, Labor Minister for Planning and Infrastructure, in the Legislative Assembly of Western Australia (5/9/2007).

Read the rest of this entry »

Posted in Volume 2603, WA | Leave a Comment »

Week ahead for Victoria: mild weather, possible high gas demand Monday 15 October

Posted by gasweek on 11 October, 2007

Vicpasa

Posted in Electricity, Gas, Victoria, Volume 2603 | Leave a Comment »

Queensland revolution: Santos’ LNG proposal requires 170-220PJ per annum; and Arrow Energy’s LNG Proposal 55PJ per annum

Posted by gasweek on 10 October, 2007

On the 18 July 2007, Santos announced a proposal to construct a 3-4 million tonnes per annum (mmtpa) liquefied natural gas (LNG) facility at Gladstone.

Read the rest of this entry »

Posted in LNG, Northern Territory, oil, Volume 2603 | Leave a Comment »

Key QLD, NSW, SA, Vic electricity contracts support base load gas generation in Eastern Australia; new CCGT contracts logic explained

Posted by gasweek on 10 October, 2007

A report prepared for the Owen Inquiry showed that some of the key contracts supporting base load gas generation projects in Eastern Australia in recent years included:

Read the rest of this entry »

Posted in Gas, Generation, Owen Review, Volume 2603 | Leave a Comment »

Water, energy utilities get classified govt computer-modelling to plan for disasters, terror attacks

Posted by gasweek on 10 October, 2007

Banks, telecommunications carriers, energy and water utilities would be given access to classified computer modelling by the government to plan for disasters, wrote Julian Bajkowski in The Australian Financial Review (3/10/2007, p.53).

Read the rest of this entry »

Posted in Defence, Security, Unknowns, Volume 2603 | Leave a Comment »

Shopper dockets a possible test case for the government’s controversial new predatory pricing laws: ACCC needs to issue guidelines

Posted by gasweek on 10 October, 2007

Shopper docket critics said the number of independents forced out of the market demonstrates purpose. And the 4c a litre reduction, often larger, could mean petrol being sold below cost.

Read the rest of this entry »

Posted in Australia, Petrol, Policy, Regulation, Volume 2603 | Leave a Comment »

Australian grain buyer goes bust in wheat price spike: Chicago December 07 wheat futures US922c/bu

Posted by gasweek on 10 October, 2007

The drought has already forced one grain buyer, Barry Smith Grains, based in Moree, NSW, into administration and there are constant rumours of others, big and small, who are not comfortable with their position, reported Queensland Country Life, (10/10/2007, p.5).

Read the rest of this entry »

Posted in Volume 2603 | Leave a Comment »

Mercenary Blackwater USA guards earn $US1,222 ($1,370) a day – six to nine times more than a regular US Army sergeant

Posted by gasweek on 10 October, 2007

Their mission was to protect “packages”, US diplomats and other high-ranking officials in Iraq. Blackwater USA — which has pocketed more than $US1 billion from US taxpayers since 2001 and pays armed guards $US1222 ($1370) a day — six to nine times more than a regular US Army sergeant.

Read the rest of this entry »

Posted in Iraq, US, Volume 2603 | Leave a Comment »

Iraq orders $US100 mil­lion ($112 million) worth of light military equipment from China

Posted by gasweek on 10 October, 2007

News of the Iraqi arms deal – in which it would order $US100 mil­lion ($112 million) worth of light military equipment from China – came as Lieutenant-General Raymond Odierno, the top US commander for day-to-day op­erations in Iraq, said he expected a US presence would be re­quired for “at least three to five more years” and would involve 25,000 to 50,000 troops, depend­ing on security conditions, reported The Sydney Morning Herald (5/10/2007, p.9).

Read the rest of this entry »

Posted in China, Iraq, US, Volume 2603 | Leave a Comment »

Burma fears: From 4am until 8am, furnace at a crematorium in the eastern Rangoon district of South Okkalapa was operating over-time

Posted by gasweek on 10 October, 2007

The Burmese junta continues to round up scores of people and interrogate hundreds more arrested in last week’s bloody crackdown on pro-democracy marches as suspicion grows it has secretly burnt the bodies of people killed by the army, according to The Sydney Morning Herald (5/10/2007, p.8).

Read the rest of this entry »

Posted in Burma, Myanmar, Volume 2603 | Leave a Comment »

Erik Prince, commander of the world’s most powerful private army – Blackwater; and how wars can make private companies very rich, very quickly

Posted by gasweek on 10 October, 2007

At 38, Erik Prince was in effect the commander of the world’s most powerful private army. He looks like Hollywood’s take on a soldier, even in civilian dress. His straight blond hair is cut army-short, with just a little length in the neat fringe. He is tanned, fit and good-looking, with sharp blue eyes and the bearing of a man in uniform.

Read the rest of this entry »

Posted in Afghanistan, Iraq, Security, US, Volume 2603 | Leave a Comment »

Northern Territory Emergency Response Taskforce, reports start of alcohol and pornography bans for 4 of 73 communities

Posted by gasweek on 10 October, 2007

Mal Brough, speaking to the Second Reading of the Federal Families, Community Services and Indigenous Affairs and Other Legislation Amendment (Emergency Response Consolidation) Bill 2007 said the “Northern Territory Emergency Response Taskforce is in place, fully staffed and working well under the leadership of Dr Sue Gordon and Major General Dave Chalmers”.

Read the rest of this entry »

Posted in Northern Territory, Volume 2603 | Leave a Comment »

November oil delivery at $US83.17 a barrel: sliding US dollar draws investors to commodities as alternative investments

Posted by gasweek on 10 October, 2007

Crude oil traded near $US83 a barrel, after rising the most in four months as the sliding US dollar drew investors to commodities as alternative investments. “There are investors moving into physical assets to try and protect themselves against the weakening dollar,” said Tom Hartmann, commodity broker at Altavest Worldwide Trading. “Heating oil supplies may start to become a concern, especially with the low utilisation rates [reported by refiners],” reported The Australian Financial Review, 29/9/2007, p. 47

Read the rest of this entry »

Posted in Finance, oil, Price, Volume 2603 | Leave a Comment »

Nigeria’s new president, Umaru Yar’Adua abolishes Nigerian National Petroleum Corporation: sets up five new companies instead after $5.2 billion goes missing

Posted by gasweek on 10 October, 2007

The Nigerian National Petroleum Corporation, for decades a source of corruption and national shame, is to be abolished by Nigeria’s new president, Umaru Yar’Adua, and replaced by five new companies. The president, who will head a special oil council to oversee the changes, says he wants the reforms completed in six months. It would be an astonishing achievement if it happens and works. The industry has been very badly run for years. The new government, formed only two months ago, has been admirably quick to take action. It has awarded a contract worth $52m to fix damaged pipelines in the Delta region and promised to get refineries working again by December, reported The Economist, (29/9/2007), p. 48.

Read the rest of this entry »

Posted in Nigeria, Volume 2603 | Leave a Comment »

West Australian tender to pit a Chinese-funded mining company against one backed by Japan’s Mitsubishi

Posted by gasweek on 10 October, 2007

Under the tender process announced 8 October, Midwest and Murchison will contest to build a multi-user port at Oakajee, north of Geraldton.

Read the rest of this entry »

Posted in China, Japan, Volume 2603 | Leave a Comment »