News

2016-12-09 gcaptain.com: Farstad Finds Work Off Australia

Norwegian offshore service vessel owner Farstad has announced it has been secured work for a total of 6 vessels offshore Australia…. it has received a LOI from ConocoPhillips Australia Exploration to charter Far Sirius and Far Saracen to support their upcoming Barossa drilling campaign due to commence in January 2017. McDermott Australia has also awarded 2 AHTS contracts to assist with the mooring operations of the INPEX-led Ichthys LNG Project’s FPSO and processing facility. This is due to commence within Q2 2017. In addition, the Ichthys LNG Project has also extended the contract for the AHTS Far Sword by an additional 17 months starting from March 31, 2018.

2016-12-12 Forbes: Greater Sunrise

…if the gas is sent to backfill ConocoPhillips’ existing LNG export plant in the northern Australian city of Darwin, once Bayu-Undan is exhausted… East Timor would receive $8.5 billion in revenues based on the 50/50 split under the current terms with Australia…Reusing the Wickham Point LNG plant in Darwin would also extend the economic life of Bayu-Undan beyond 2020-22 as Greater Sunrise would be connected to Bayu-Undan by a 207km shallow-water spur pipeline..
The window of opportunity to send Sunrise gas to Darwin will close fast. International gas buyers are expected to sign new supply deals starting around 2024-25 as global LNG markets are forecast to tighten. ConocoPhillips is currently assessing backfill options for its LNG export plant in Darwin to capture the new demand opportunities. Its preferred supply option would be Sunrise, but it has other alternatives, including its Caldita-Barossa and Greater Poseidon fields in Australian waters, as well as third-party gas supplies…
Barossa field is already being assessed as a backfill option for the LNG plant in Darwin with prelim. engineering studies underway. ConocoPhillips will carry out appraisal work in 2017 with a view to approving the project late 2017 and getting 1st gas exported from Darwin by 2023.

2016-12-14 NT News: Grand $800m gas pipeline on schedule

JEMENA hit its main design and procurement milestones for the Northern Gas Pipeline during 2016 in readiness for construction starting next year…NGP Project Director Jonathan Spink is confident the necessary approvals can be achieved and construction can start in April. “The NT is largely all signed up, we’ve secured land access for more than 450km of the route.”

2016-12-14 Core Exploration Ltd: Acquires Large Tenement Prospective for Lithium in Northern Arunta Pegmatite Province in NT

Core Exploration Ltd is pleased to announce that it has acquired a 100% interest in granted Exploration Licence 31058 comprising 574km2 in the Barrow Creek Pegmatite Field in the NT… Core's Managing Director Stephen Biggins commented: "Core believes there is an excellent fit between the lithium potential of Barrow Creek Pegmatite Field, direct rail link to Darwin Port and Core's objectives to make Darwin and Core's Finniss Lithium Project near Darwin a central processing and global transport hub for NT lithium and spodumene production as forecast increasing lithium demand continues to grow."

2016-12-16 Australian Mining: Merlin Diamonds finds rare blue diamond

Merlin Diamonds has recovered a rare blue diamond from its Merlin diamond operation in the Northern Territory… although it was “only a small diamond at 0.124 carats” it demonstrates the potential for valuable coloured diamonds at Merlin… “Blue diamonds are one of the rarest diamond colours and high-quality blue diamonds are known to command prices higher than pink diamonds.” Merlin is currently ramping up operations at the NT mine, which commenced pilot production in 2013.

2016-12-09 mining-journal.com: Teck, Rox pick up Prospector award

Teck Australia general manager Ian Sandl and manager of exploration Mike Taylor, together with Rox managing director Ian Mulholland, were named Prospectors of the Year for their work in identifying the Teena prospect within the Reward project in the Northern Territory. Rox announced a maiden resource for Teena of 58 million tonnes at 12.7% zinc and lead for 7.4Mt, or 16.3 billion pounds, of contained zinc and lead in June, the biggest high-grade resource announced in Australia in the past 20 years.

2016-12 Engineers Australia:
Northern Territory Infrastructure Investment Update 2016

NT has experienced above average economic growth and growth in living standards for some time. An important driver has been the extraordinary growth in and scale of resources sector construction, including on necessary supportive infrastructure… In the 5 years to June 2015, the Territory economy expanded by 27.5% and its population has increased by 8.3%...
GDP increased by 136.4% from $9.5bn in Jun’91 to $22.5bn in Jun’15; the NT’s population increased by 47.4%, from 165,493 to 243,911 and the standard of living, as measured by GDP per person, increased by 60% from $57,533 per person to $92,107 per person, 2nd only to WA… The Territory’s economy has performed much better than the national economy for a long time and there is no sign of the slowdown in growth observed at the national level…
ABS has prepared projections of Australia’s future population in states and territories and in each capital city. These suggest that by 2030, well within the lives of many current infrastructure assets, the Territory’s population will increase by 25.6% to 312,429… 46.2% of the increase is expected to occur in Darwin and the remainder throughout other towns and settlements…
The Territory is now Australia’s second export LNG hub. Developments began in 2006 with the commissioning of the East Timor to Darwin gas pipeline and the onshore processing facility. In 2016 the Ichthys LNG project will come on line and processing, pipeline, port, transport and utility requirements are all reflected in the private sector statistics. Other oil and gas related projects include the construction of a marine supply base, maintenance and operations hub and a common user area all in Darwin. Individual projects are large in the national context and huge in the Territory context. … In 2014-15, construction increased to a level almost 4 times higher than the average in the preceding decade. Private sector engineering construction on resources and heavy industry completed that year was $5.8 billion. This was 11% of national engineering construction in this sector…

2016-12-15 Cairns Post: Northern Australia Infrastructure Fund

Chief Executive Laurie Walker told a Cairns Chamber of Commerce breakfast yesterday that nearly 90 projects were in the pipeline… Diversification criteria would ensure economic benefits would be spread evenly between Queensland, the Northern Territory and Western Australia.

2016-12-14 NT News: F-35A comes up trumps

Australia has a $17 billion commitment to the JSF program... The F-35A Lightning II aircraft will be based at RAAF Base Tindal near Katherine and RAAF Base Williamtown… Works at RAAF Base Tindal include an F-35A Operational Precinct… From time to time the F-35A will operate for short term exercises, such as Operation Pitch Black, at RAAF Base Darwin. The first JSF aircraft will arrive in Australia in late 2018, with the complete fleet of 72 arriving by 2022.

2016-12-14 Sydney Morning Herald: US to fly F-22 Raptors

The US will begin flying… the F-22 Raptor, out of northern Australia next year, the most senior American commander in the Pacific, (commander, US Pacific Command, Admiral Harry Harris) has revealed… Strategic analysts widely see northern Australia as vital territory … Euan Graham, the Lowy Institute's director of international security (said) while the rotation of marines in Darwin got more attention, the stationing of planes was much more strategically significant.

2016-12-14 Beef Central: The year that was – Northern Territory

Andy Gray from Ruralco Property in Darwin: NT remained a very robust property environment… “International buyers are particularly keen to shore-up supply chains and are pulling out their cheque books and buying country. In the last 12 to 18 months, there has been a massive push into the north… the livestock market is going to be very strong for the foreseeable future which will support a very bullish property market.”

2016-12-15 Media Release: NT Seafood

More than 650 businesses across the Northern Territory are directly involved in the professional seafood industry, which employs more than 1,500 people… There is an estimated $1.4 billion invested in licences, vessels and equipment operated in Northern Territory waters, land based support structures and aquaculture ventures.

2016-12-17 NT News: Farmers declare rambutan season ‘best ever’

NT Farmers Association industry development officer Greg Owens said rambutan growers were reporting heavy crops across the Territory.

2016-12-16 NT News: Port Melville approved

The marine supply base at Port Melville on the Tiwi Islands has been approved… Port Melville is currently used to send Territory woodchips to Asia. It’s operator, Singapore-based Ezion, has indicated oil and gas activities could happen in the future.

2016-11 Tourism NT: Annual Report

The signs for tourism across the Territory over the past 12 months are encouraging. Increased numbers of Australian visitors travelling for business and holiday purposes contributed to total overnight expenditure of $2.22bn in the NT during 2015-16. Overall, the total number of visitors to the NT last financial year grew by 28% to 1.735 million. Looking just at holiday visitors, the segment on which Tourism NT has the greatest impact, numbers were up 18% to 815,000…
Accommodation: 8,859 short-term accommodation rooms establishments of 15+ rooms) were available in the NT as at 30 June 2016 compared to 8,448 rooms the year prior… average daily rate for Darwin at $189 per night in June 2016 compared to $202 per night the year prior.
Business Events: 77 will take place over the next 3 years representing 38,000 room nights, 15,239 delegates and an estimated business visitor spend of $40.4 million for the NT economy.

2016-12-13 NT News: Planes’ new lives

In the past week 4 aircraft have left Asia Pacific Aircraft Storage, based at Alice Springs Airport…
Managing director Tom Vincent said of the 26 aircraft the company had received since Oct’14, 24 had left… The low humidity environment, the available space and the lower cost of storage mean it is beneficial for airlines to use the facility, rather than taking up precious space at places like Singapore’s Changi Airport, which is only a 5-hour direct flight from Alice Springs. Mr Vincent said the business was the only one of its kind in the Asia-Pacific region… (he) hopes to more than double the capacity of the facility in 2017, with the development of stage two.

2016-12-15 Economic Brief: Labour Force November 2016

NT’s trend unemployment rate was 3.7%, lowest of all jurisdictions, equal with the ACT. Trend participation rate was 75.2% in the month, the highest of all jurisdictions.

2016-12-15 Economic Brief: Population June quarter 2016

NT’s estimated resident population increased by 0.3% to 244 880 in the June quarter 2016...
the 3rd highest quarterly increase of all jurisdictions, equal to NSW and behind Qld and Vic.

 

Disclaimer
The above information has been compiled by Gwelo (the Agent) from third party providers. The Agent has not verified whether the above information is accurate and does not have any belief one way or the other as to its accuracy. The Agent does no more than pass on the information. The Agent does not accept any responsibility to any person for its accuracy. All interested parties should make and rely upon their own enquiries in order to determine whether or not the information is, in fact, accurate.

2016-12-09 Nikkei Asian Review:
JGC to chip in on Australian floating LNG plant (Prelude)

JGC will help put the finishing touches on the world's largest floating liquefied natural gas plant, to be located off the coast of NW Australia… Shell's plant will be located roughly 500km offshore. (with) an annual production capacity of 3.6Mt… The plant has been mounted onto a vessel at a South Korean shipyard, and is in the testing stage now. Over 90% of the construction appears to have been completed, and the plant is expected to start operating as early as next year.

2016-12-08 Mining Weekly: Work starts on Exploring for the Future Programme

The Association of Mining and Exploration Companies has welcomed the federal government’s implementation of the $100-million Exploring for the Future programme, which seeks to boost productivity and competitiveness of the minerals sector. Resources and Northern Australia Minister Matt Canavan said that the Exploring for the Future project would focus in particular on exploration in Northern Australia. “Some of the 1st activities under the programme are now under way, including a A$3.1M project in the Northern Territory to map the electrical conductivity of the ground to better understand the location of mineral and energy resources.” In addition, a $3.8M project would explore a 550km seismic line across Qld and the NT to help identify the location and size of possible oil and gas resources.

2016-12-08 Invest in Australia:
Conference aims to boost NT exploration investment

Annual Geoscience Exploration Seminar: 28/29 March 2017… According to the Fraser Institute, the Territory remains underexplored and is one of the world’s top 10 most attractive regions for mining investment. New geoscience data and exploration results from across the Territory are highlighting exciting new areas of potential.

2016-12-07 NT News: Billions on offer for construction industry ahead of defence infrastructure projects in NT

Territory construction businesses are on notice to prepare for the next wave of defence infrastructure projects… economic modelling forecast defence spending would increase the size of the NT economy by about 5% over a decade… The first defence construction projects will begin rolling out in the dry season with work at Tindal RAAF base. More projects will kick into gear at the end of 2017… More than 8% of Australia’s permanent defence force members serve in the NT and defence personnel and families form approximately 6% of the NT’s population. The Defence White Paper has a focus on investment in defence infrastructure in the north — $20 billion in the next 20 years in Northern Australia.

2016-12-10 NT News: Rinehart empire expands

Gina Rinehart is officially the single largest private landholder in the NT after her consortium’s $365M bid to buy Kidman & Co cattle station was given the greenlight by Treasurer Scott Morrison… Hancock (Outback Beef - the consortium majority owned by Ms Rinehart’s Hancock Beef) will control the board and day-to-day operations, keeping it Australian-owned. It has also offered to increase herd size by 20,000 head of cattle over the next 18 months and invest $19M in capital improvements. In July, Hancock acquired the Riveren and Inverway cattle stations, southwest of Katherine. A month later, she bought Phoenix Park, on Florina Rd in Katherine.

2016-12-06 Bureau of Meteorology:
New Bureau operations hub for north-western Australia opens in Darwin

Today the Bureau of Meteorology officially opened a brand new purpose-built Observing Operations Hub in Darwin to service the Bureau's observations network across NW Australia.

2016-12-04 Media Release: Australia and China agree open aviation market

Australia and China have settled arrangements for a landmark open aviation market… Minister for Infrastructure and Transport Darren Chester and Minister for Trade, Tourism and Investment Steven Ciobo said the historic arrangement paves the way to further strengthen the bilateral relationship and offers boundless opportunities for Australian tourism and trade.

2016-12-08 Economic Brief: International Trade October 2016

The Territory's annual total international trade balance was $2.2 billion in year to Oct’16 and represents a year on year increase of $1.5 billion… NT’s top goods export destinations were Japan ($1.7 billion, reflecting LNG exports from the Darwin LNG plant), and China ($1.1 billion, predominately mineral ores including manganese, and concentrates such as zinc and lead).
Top 3 countries from which the NT sourced its international goods import: Thailand ($788M), Singapore ($265M) and Malaysia ($192M). The majority of Territory imports are manufactured iron and steel products, attributed to the import of modules related to the Ichthys LNG project.

2016-12-07 Economic Brief: State Final Demand September quarter 2016

In trend terms, Territory state final demand (SFD) increased by 3% to $7.3 billion (nationally, domestic final demand increased by 0.2% in the quarter). The quarterly increase in trend Territory SFD was driven by a 0.9% increase in consumption and a 6.7% increase in investment.



Disclaimer
The above information has been compiled by Gwelo (the Agent) from third party providers. The Agent has not verified whether the above information is accurate and does not have any belief one way or the other as to its accuracy. The Agent does no more than pass on the information. The Agent does not accept any responsibility to any person for its accuracy. All interested parties should make and rely upon their own enquiries in order to determine whether or not the information is, in fact, accurate.

2016-12-04 Property Observer: SQM Research, Residential Asking Prices

Week ending 29.11.16. Darwin houses: $616,700. Units: $442,400.

2016-12-02 Propertywire:

All capital cities in Australia see property prices rise in November bar Melbourne
In Darwin values were up 3.7% month on month and ¼ on ¼… for the first time since February 2015, Darwin’s annual growth rate has moved back into the black… The November results also show a rise in transaction numbers across the Darwin market over recent months, supporting the moderate improvement in market conditions that the hedonic index is showing.

2016-11-28 offshore-technology.com: Australian Oil & Gas

The value of Australian LNG exports is forecast to increase by 41% to $23bn in 2016-17… Most of Australia’s known remaining oil resources are condensate and liquefied petroleum gas associated with giant offshore gas fields in Browse (NT), Carnarvon and Bonaparte (NT) basins.

2016-11-28 Proactive Investors:

Falcon Oil & Gas looks forward to Aussie shale gas progress
Drilling in Australia has proved very successful … US companies Falcon Oil & Gas Ltd highlighted that its partner Origin Energy intends to meet with the Northern Territory authorities soon to discuss a revised timetable for its shale gas venture… A new resource evaluation report is currently being worked on to further detail the size and scope of the discovery and the potential of its surrounding areas.

2016-12-04 Media Release: Barramundi farm growth

In 2015/16 Humpty Doo Barramundi (HDB) produced 1,700 tonnes of premium salt water barramundi (estimated revenue more than $16 million) … making it Australia’s largest producer and the most successful Aquaculture industry in the Territory. HDB is owned by a 5 generation Territory family and is a home grown business with a 23 year history in the NT … Expansions will double the production capacity of the farm over the next 12 months increasing their export market and building a strong economic future. Future expansion plans would see HDB produce 10,000 tonnes of premium salt water farmed barramundi valued at over $100 million at the farm gate and employing 100 people.

2016-11-30 ABC Rural: NT Farmers' economic survey reveals Darwin agricultural production worth $77 million more than Ord Valley

The report… lists the gross value of production for NT plant industries at $244.4 million, excluding forestry… Litchfield Shire, which includes Darwin's rural area, accounts for $122.7 million of the production, which compares to the Ord Valley's production value of $45 million, as reported by the WA Government in 2013. The two other Top End agricultural regions, Katherine/Mataranka/Douglas Daly and Central Australia, were valued at $103.2 million and $18.5 million respectively. In the year surveyed, 97,500 tonnes of goods were produced from the horticulture sector… Mangoes were the highest valued commodity at $88.5 million, with melons the second highest at $52.6 million. Other production areas of significance included Asian vegetables, other vegetables, grapes and nurseries.

2016-01-12 NT News: Airnorth spreads wings

The Territory’s homegrown airline Airnorth has spread its wings… The 1st commercial flight from Darwin to Toowoomba landed at Wellcamp airport, 160km west of Brisbane… via Townsville … and marks another chapter in the Northern Territory airline’s growing success story. Established in 1978 and with its hub based in Darwin, Airnorth is 2nd to Qantas as the oldest airline in Australia. Airnorth services more than 20 destinations including: Darwin, Katherine, Tennant Creek, Alice Springs, Maningrida, Milingimbi, Elcho Island, Gove, Groote Eylandt and McArthur River in NT, Kununurra, Broome, Port Hedland and Perth in WA, Townsville, Cairns and Mount Isa in Qld, Melbourne Vic. and Dili East Timor. It is the major aviation operator in Northern Australia… the flights would also improve connectivity between the Australian Defence Force’s major bases in Darwin, Townsville and Toowoomba. Airnorth carries more than 300,000 passengers pa.



Disclaimer
The above information has been compiled by Gwelo (the Agent) from third party providers. The Agent has not verified whether the above information is accurate and does not have any belief one way or the other as to its accuracy. The Agent does no more than pass on the information. The Agent does not accept any responsibility to any person for its accuracy. All interested parties should make and rely upon their own enquiries in order to determine whether or not the information is, in fact, accurate.

 

12 O’Sullivan Circuit, East Arm NT 0822 +61 08 8943 7300 enquiries@ gwelodevelopments.com.au

Gwelo Developments has built a strong reputation in Darwin since 1975 and the company is well known and respected. Its developments have stood the test of time and been highly innovative and the Gwelo team is a strong team of long established professionals. Skills encompass a full range of construction and project management, commercial developments and residential design providing outstanding home owner, commercial, retail and investor options.

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