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.
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