2016-11-03 Property Observer: Rent.com.au
Darwin median property per week: $470 (behind Sydney at $520)
2016-11-01 NT News: Rising house sales cause for optimism in Territory
According to the Real Estate Local Market report, released by Real Estate Institute NT… house sales for overall Darwin, taking in Darwin, the northern suburbs and Palmerston, were up 6.6% for the quarter… Median unit price $460,000.
2016-10-31 Courier Mail: CommSec - average floor area of a new detached house
Victorians: building the biggest houses in Australia at 241.1sqm, followed by Queenslanders, 237.7sqm and NSW, 227.4sqm. In WA the average was 227sqm, Northern Territory 205.3sqm, South Australia, 202.4sqm, ACT 180.8sqm and Tasmania 188.1sqm.
2016-10-30 NT News: Inpex to last for decades
Inpex chief executive officer Toshiaki Kitamura said he hoped the Ichthys project would contribute to the Territory economy for the “next two or three generations… We have around 70 projects globally but this Ichthys project is a world-class, huge, challenging project and this is key for future growth. Ichthys project will provide 70% of its energy product to Japan, so it’s a very important contribution to energy security.” Mr Kitamura said the company was keen to explore other opportunities for energy projects in the NT… Darwin’s deepwater port and newly established marine supply base made it an attractive oil and gas hub, he said… The Territory also extended the option on the lease on land surrounding the Ichthys project for 15 years, giving the company the opportunity to expand its operations in the future.
2016-10-07 Upstream: Evolution is speeding up at Darwin LNG
ConocoPhillips is well into the early engineering phase of its Caldita-Barossa development, while Inpex is immersed in peak construction of the huge offshore facilities and onshore LNG plant for its Ichthys project. Both companies have just revealed their latest ideas and aspirations for the region. ConocoPhillips has unveiled plans to deploy two large floating production, storage and offloading vessels over its Caldita-Barossa and Greater Poseidon resources. One, or possibly both, will provide backfill gas into Conoco-Phillips’ Darwin LNG plant…
Lean gas from Caldita-Barossa will be exported via a 260km, 26-inch subsea pipeline to a tie-in point on the Bayu-Undan pipeline, also operated by ConocoPhillips. The FPSO for Greater Poseidon will be almost identical, with gas to be exported to Darwin LNG onshore via a 640km, 26-inch subsea pipeline to a tie-in point on the Bayu-Undan line. Timing of first gas from both developments will be dictated by the availability of spare capacity at Darwin LNG, says Steve Ovenden, ConocoPhillips Australia’s vice president for growth, adding that capacity should become available in 2022 with the tail-off of production from the Bayu-Undan field.
For cost reasons, the US operator is prioritising backfill into Darwin, rather than the construction of a second LNG train… The operator intends to move into the front-end engineering and development phase on Caldita-Barossa in late 2017. Before that happens, the company and its joint venture partners will use the semi-submersible drilling rig Atwood Osprey to drill two appraisal wells, starting in early 2017. ConocoPhillips says it has also identified 5 other 3rd party gas discoveries in the Bonaparte and Browse basins that could be brought into Darwin LNG.
A new LNG train is currently not economic, but is very much an option in the future “and will be key to monetising further stranded gas beyond the backfill resource”, says Ovenden. ConocoPhillips has government approvals to expand Darwin’s capacity to 10Mtpa, up from the current 3.5Mtpa. The Caldita-Barossa field is located in the Bonaparte basin in water depths averaging 250 metres. The field owners are operator ConocoPhillips with 37.5%, SK Energy on 37.5% and Santos on 25%. The Greater Poseidon fields are in the Browse basin in average water depths of 500 metres. The co-owners are Conoco-Phillips with 40%, Origin Energy on 40% and PetroChina on 20%.
Meanwhile, Inpex is working intensely on its US$34 billion Ichthys LNG project, and, according to the company’s director of corporate co-ordination, Hitoshi Okawa, the project is almost 90% complete. “People talk about the Ichthys project coming to an end, but that couldn’t be further from the truth. We are in fact racing to the start… The Ichthys project is designed with expansion in mind. Once constructed, it will offer the opportunity to unlock gas resources in the Browse and Bonaparte basins, and also a means of commercialising onshore discoveries in the Northern Territory.” The Ichthys offshore gas pipeline has 5 hot-tap tie-in points that will facilitate the development of more gas, “either ours or third-party gas”, says Okawa. The LNG site at Bladin Point has sufficient land to support up to 4 additional LNG trains.
2016-11-02 Media Release: Northern Gas Pipeline on Chief Minister’s China Agenda
The Northern Gas Pipeline, which is due to be completed in 2018, will create more than 900 jobs during construction… There will also be ongoing maintenance and operations teams based in Tennant Creek. Jemena - the private sector owner and operator of the pipeline - will offer up to 100 contracts to Territory businesses, worth around $112 million.
2016-11-04 Media Release: New Business Park to be developed by Landbridge
Landbridge will develop the Landbridge Industry and Logistics Park for port and trade related logistic activities within the East Arm Logistics Precinct... Tenants are expected to be Chinese and Australian businesses focussing on trade between the Territory and Landbridge’s Chinese base in Rizhao. Logistics activities, including cold store facilities, are expected to be a significant component of the Industry and Logistics Park.
2016-10-29 Weekend Australian: Pitch Black 2016
More than 90 combat jets (and) 2,800 personnel from 10 countries took part in the exercise… The main advantage of Pitch Black over other regional air-defence exercises is the size of airspace available… immediately south of Darwin to a point 200 nautical miles (370km) further south and 150nm (278km) west to the coast; from the desert floor to an altitude of 60,000 feet. Within that area lie Bradshaw Field Training Area and Delamere… “It’s rare for us to have a training opportunity like this, especially in the Pacific” says US Air Force Lieutenant Commander Mark Heusinkveld, commander, the 14th Fighter Squadron, normally based in northern Japan.
2016-10-31 Media Release:
New Scholarship Program to Boost International Education
A first-of-its-kind Study in Australia’s Northern Territory Scholarships program will be offered providing international students with the opportunity to further their studies in the NT… A total of 36 scholarships will be offered - 4 each for China, India, Indonesia, Japan, Korea, Nepal, Philippines, Timor-Leste and Vietnam - in an equal partnership between the NT Government and training and international education providers… The program aimed to increase awareness of the Northern Territory as a quality study and research destination for international students.
“Last year, 2,160 international students from 85 countries undertook study or research with Northern Territory institutions at a sector value of $55 million – it is important to our economy.” International education is Australia’s 4th and NT’s 9th largest export industry… The scholarships are for High School ($10,000), English language ($5,000), VET ($7,500) and Higher Education - undergraduate and postgraduate ($12,000).
2016-11-02 NT News: NT mangoes heading to Korea
The first air shipment of 500 cases of mangoes from Katherine’s Manbulloo Mangoes will arrive in Seoul on Monday. Regarded as a high-end product in Asia, about 80 tonnes of Aussie mangoes will hit Korean supermarket shelves this year. About half are from the NT.
2016-11-01 Travel & Tourism News: Qantas and Tourism Australia join hands
Qantas and Tourism Australia have signed a $20 million deal to promote Australia to the world.
The 3-year agreement involves a joint investment from Qantas and Tourism Australia to attract more international visitors to Australia, with a focus on the US, Asia, the UK and Europe… In addition to the new partnership with Tourism Australia, this contribution to tourism promotion includes marketing partnerships with NSW, Queensland, Victoria, Western Australia, Tasmania and Northern Territory marketing agencies.
2016-11-01 BITRE: International Airline Activity
Through Darwin Airport Year Ended August 2016: 262,538 international passsengers.
2016-10-24 Economic Brief: The Territory’s Trading Partners Year to Sept 2016
Imports: Top 3 countries: Thailand ($877 million), Japan ($273 million) and Singapore ($268 million). The majority of Territory imports are manufactured iron and steel products, attributed to the import of modules related to the Ichthys LNG project.
Exports: top destinations: Japan ($1.8 billion, LNG exports from Darwin LNG plant), and China ($1.1 billion, predominately mineral ores incl. manganese, concentrates such as zinc and lead).
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.