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  • Ferguson being courted for mining roles: report | Business Spectator
    over volatile oil prices and uncertainty over future revenues One thing is certain it would be a disaster for Britain Technology NBN Buzz Mobility BYOD Smart Devices Emerging Tech Applications Big Data Cloud Computing Data Management Reviews Social Media Start ups Security Data Security Identity Management Wireless Security Telecommunication Latest stories Google v Facebook Who knows wins The unparalleled Google Analytics service means Google knows more about internet users than anyone else And runner up Facebook must go further to mine precious user insights if it wants to compete Will Twitter s founder strike social gold twice Biz Stone is looking to tap into the selflessness of others with his latest venture Jelly Enterprises But the just launched app will have to quickly shift into something of real value if it s to become a mainstream success Climate Carbon markets Energy markets Renewable energy Resources Solar energy Wind power CleanTech Science Environment Green Deals Policy Politics Smart Energy Latest stories Marking the milestones of 2013 Australia s transition to a clean energy economy took some political blows in 2013 but progress on the ground was heartening with energy efficiency solar and wind all providing tangible proof of their future potential A fifth year of declining power consumption Power consumption fell again in 2013 dipping 2 8 per cent across the National Electricity Market as scheduled renewables rose to 12 per cent of the market Industries Advertising and Marketing Agribusiness Automotive Aviation Construction and Engineering Education Family Business Financial Services Food and Beverages Gaming and Racing Health and Pharmaceuticals HR Industrial relations Information Technology Infrastructure Insurance Manufacturing Media and Digital Resources and Energy Professional Services Property Retail Small Business SME Telecommunications The Ashes Tourism Transport and Logistics Video KGB TV China Spectator CEO Hub Leadership Lab Management Insights Young Leaders Knowledge Centre Adapt or Die Knowledge Hub Business Accelerators Webinars eBooks Menu Ferguson being courted for mining roles report 10 Sep 2013 9 05 AM Climate Policy Politics Resources Retired resources and energy minister considering board positions turns down lobby role You must be logged in to read this article Not a member yet Register today Business Spectator is available on all of your devices so you can access the latest news and commentary where and how you like Register now Already a member Sign in here Email Address Enter your Email Address Password Enter the password that accompanies your Email Address Remember me Log in Request new password Former Labor resources and energy minister Martin Ferguson has rejected an offer to take on the 800 000 a year head Mineral Councils chief job according to a report in The Australian But the just retired MP is considering other roles within the resources sector including board positions the report says The report says Mr Ferguson was considering the key mining lobby post but declined in the late stages of negotiation Mr Ferguson who was praised for having good relations with the industry during his time as minister resigned from cabinet in

    Original URL path: http://www.businessspectator.com.au/news/2013/9/10/policy-politics/ferguson-being-courted-mining-roles-report (2014-01-13)
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  • Exxon, agency investigate Bass Strait oil spill | Business Spectator
    Applications Big Data Cloud Computing Data Management Reviews Social Media Start ups Security Data Security Identity Management Wireless Security Telecommunication Latest stories Google v Facebook Who knows wins The unparalleled Google Analytics service means Google knows more about internet users than anyone else And runner up Facebook must go further to mine precious user insights if it wants to compete Will Twitter s founder strike social gold twice Biz Stone is looking to tap into the selflessness of others with his latest venture Jelly Enterprises But the just launched app will have to quickly shift into something of real value if it s to become a mainstream success Climate Carbon markets Energy markets Renewable energy Resources Solar energy Wind power CleanTech Science Environment Green Deals Policy Politics Smart Energy Latest stories Marking the milestones of 2013 Australia s transition to a clean energy economy took some political blows in 2013 but progress on the ground was heartening with energy efficiency solar and wind all providing tangible proof of their future potential A fifth year of declining power consumption Power consumption fell again in 2013 dipping 2 8 per cent across the National Electricity Market as scheduled renewables rose to 12 per cent of the market Industries Advertising and Marketing Agribusiness Automotive Aviation Construction and Engineering Education Family Business Financial Services Food and Beverages Gaming and Racing Health and Pharmaceuticals HR Industrial relations Information Technology Infrastructure Insurance Manufacturing Media and Digital Resources and Energy Professional Services Property Retail Small Business SME Telecommunications The Ashes Tourism Transport and Logistics Video KGB TV China Spectator CEO Hub Leadership Lab Management Insights Young Leaders Knowledge Centre Adapt or Die Knowledge Hub Business Accelerators Webinars eBooks Menu Exxon agency investigate Bass Strait oil spill 10 Sep 2013 8 26 AM Climate Resources Federal agencies joins probe of 5 barrel spill at Exxon Mobil BHP joint venture You must be logged in to read this article Not a member yet Register today Business Spectator is available on all of your devices so you can access the latest news and commentary where and how you like Register now Already a member Sign in here Email Address Enter your Email Address Password Enter the password that accompanies your Email Address Remember me Log in Request new password An Exxon Mobil BHP Billtion oil rig in Bass Strait off Victoria has been shut down following a 750L oil spill last week The Australian reports Production has been halted at the 50 50 joint venture Cobia platform about 70km offshore from Gippland s Longford while both Exxon and the National Offshore Petroleum Safety and Environmental Management Authority investigate the spill the equivalent of five barrels The Australian says Following an initial investigation the Cobia platform was shut down and it will remain shut down while the matter is investigated the newspaper quoted Exxon Mobil as saying An aerial inspection of the area indicated that the sheen has dispersed naturally An investigation is under way as to the cause of the

    Original URL path: http://www.businessspectator.com.au/news/2013/9/10/resources/exxon-agency-investigate-bass-strait-oil-spill (2014-01-13)
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  • China's fading shale gas push | Business Spectator
    little progress in the gas fields Beijing has struggled to find a way to emulate the frenetic exploration and production activity of the shale gas boom in the United States and the latest setback makes reaching even a modest 2015 output target of 6 5 billion cubic metres bcm unlikely This is only a fraction of the 224 bcm of shale gas the United States produced in 2011 and would amount to just 6 per cent of China s total current output of natural gas But even that target is under threat as an eclectic mix of new participants in the sector drag their heels on development while China s biggest energy companies prioritise spending on other oil and gas projects Frustrated with slow progress on shale from state energy giants PetroChina and Sinopec Corp China in late 2012 encouraged a broad range of companies including a property developer and a grains trader to bid in its second shale gas auction Not one of the 16 firms that won exploration rights had ever drilled a gas well But they did promise to spend at least 2 billion over three years to pump gas from shale Beijing hoped this might give the sector a jolt But eight months later the Ministry of Land and Resources said the firms have barely started seismic work and one of them sold a stake in a block before doing anything The cost of drilling and the complexity of tapping China s shale reserves have proven a daunting prospect for the shale gas novices The sector liberalisation looks unlikely to work in shale gas as its investment is too high and returns are too low said Chen Weidong a senior industry analyst Back to the future The lack of progress may lead Beijing to reverse the rare move to open part of the upstream energy sector to broader competition government and industry officials said The world s largest energy consumer may have no choice but to turn back to its more experienced energy companies to develop shale gas even if that means returning to the same slow pace of progress that had frustrated China s bureaucrats The criteria may return to whether the company has the relevant technology and experience in drilling for oil and gas said a government official with knowledge of the ministry s thinking How the ministry runs its third auction for shale gas acreage is now being considered Slow development of China s enormous shale gas potential and missed output targets may be bad news as the country tries to develop domestic gas supplies to ease its heavy dependence on dirtier coal and expensive imports of oil and gas The US Energy Information Administration estimates China is sitting on 1115 trillion cubic feet of shale gas nearly double the size of the reserves in the United States Big spend small return The problem for Beijing is that PetroChina and Sinopec are reluctant to devote resources to shale gas after experiencing hefty exploration

    Original URL path: http://www.businessspectator.com.au/article/2013/9/9/energy-markets/chinas-fading-shale-gas-push (2014-01-13)
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  • Chen Aizhu | Business Spectator
    Given its history of disappointment a clean set of financial numbers is needed to restore confidence Politics Australian Election Federal Budget International News Asia Europe USA National Affairs Latest stories Gagging visas are an attack on democracy The skyrocketing price of a journalist visa for Nauru will limit coverage of Australian prisoners on a vassal state It is an insult to the democratic principles this country stands for Britain will be poorer for Scotland the brave The economic case for Scottish independence is far from settled with doubts hanging over volatile oil prices and uncertainty over future revenues One thing is certain it would be a disaster for Britain Technology NBN Buzz Mobility BYOD Smart Devices Emerging Tech Applications Big Data Cloud Computing Data Management Reviews Social Media Start ups Security Data Security Identity Management Wireless Security Telecommunication Latest stories Google v Facebook Who knows wins The unparalleled Google Analytics service means Google knows more about internet users than anyone else And runner up Facebook must go further to mine precious user insights if it wants to compete Will Twitter s founder strike social gold twice Biz Stone is looking to tap into the selflessness of others with his latest venture Jelly Enterprises But the just launched app will have to quickly shift into something of real value if it s to become a mainstream success Climate Carbon markets Energy markets Renewable energy Resources Solar energy Wind power CleanTech Science Environment Green Deals Policy Politics Smart Energy Latest stories Marking the milestones of 2013 Australia s transition to a clean energy economy took some political blows in 2013 but progress on the ground was heartening with energy efficiency solar and wind all providing tangible proof of their future potential A fifth year of declining power consumption Power consumption fell again in 2013 dipping 2 8 per cent across the National Electricity Market as scheduled renewables rose to 12 per cent of the market Industries Advertising and Marketing Agribusiness Automotive Aviation Construction and Engineering Education Family Business Financial Services Food and Beverages Gaming and Racing Health and Pharmaceuticals HR Industrial relations Information Technology Infrastructure Insurance Manufacturing Media and Digital Resources and Energy Professional Services Property Retail Small Business SME Telecommunications The Ashes Tourism Transport and Logistics Video KGB TV China Spectator CEO Hub Leadership Lab Management Insights Young Leaders Knowledge Centre Adapt or Die Knowledge Hub Business Accelerators Webinars eBooks Menu Chen Aizhu China s fading shale gas push China s private shale gas sector is stumbling commercially with the cost of drilling and tapping reserves proving a daunting prospect for novice firms by Chen Aizhu 11 04am September 09 Search Markets Global Indices Index Last Chg Chg DOW JONES 16437 05 7 7 S P 500 1842 37 4 2 0 2 NASDAQ 4174 66 18 5 0 4 FTSE 100 6739 94 48 6 0 7 NIKKEI 15912 06 31 7 0 2 Hang Seng 22846 25 58 9 0 3 The Spectators US labour market can withstand the

    Original URL path: http://www.businessspectator.com.au/contributor/chen-aizhu-0 (2014-01-13)
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  • Europe goes cold on coal | Business Spectator
    be logged in to read this article Not a member yet Register today Business Spectator is available on all of your devices so you can access the latest news and commentary where and how you like Register now Already a member Sign in here Email Address Enter your Email Address Password Enter the password that accompanies your Email Address Remember me Log in Request new password Reuters European Union coal demand is on course for a decades long slide from a peak last winter as the growth in capacity of renewable power outstrips new coal fired plants Ac ross the European Union a total of 28 gigawatts of old coal fired capacity could come offline between 2012 and 2020 Deutsche Bank said in a recent report Data from the European Commission and Point Carbon show that the bloc will add around 21 GW of wind solar and hydro capacity this year and another 140 GW between 2014 and 2020 Coal demand will drop this winter Additional renewable capacity will displace gas first but coal is next in line Kris Voorspools an analyst with 70 Watt Consulting said Meanwhile the new plants that have come online this year are vastly more efficient than the recently retired museum pieces he added This winter new hard coal fired power stations will need less coal to generate the same amount of power than older plants did last winter Over the past decade coal s share of the EU s power generation fuel mix has stayed roughly around a quarter as utilities pay low prices for coal and for emissions permits under the EU s carbon trading scheme But EU member countries policies on renewables and new power plants are finally starting to have an impact on the need for coal The European Union s coal fired generation is likely to be down by 3 per cent in the final three months of this year from the 2012 fourth quarter and by 5 per cent in January March from the 2013 first quarter Point Carbon estimates Last winter northern Europe endured some of the coldest temperatures for March on record Long range forecasts for next winter are unlikely to be finalised for another few months but few analysts expect this winter to be as cold or last as long This winter is likely to be milder than the previous one meaning exports of power from coal intensive Germany to its neighbours is likely to fall and drive down demand for fuel said Yan Qin a Point Carbon analyst a sister company of Thomson Reuters Goldman Sachs has forecast that Europe s total hard coal demand will fall 7 million metric tons 7 716 million tons or 3 5 per cent to 191 million metric tons for 2014 as a whole New capacity A fall in coal burn would worsen the woes of coal producers in Britain Poland and Spain many of which have already asked for government help in view of weaker prices mounting losses

    Original URL path: http://www.businessspectator.com.au/article/2013/9/4/energy-markets/europe-goes-cold-coal (2014-01-13)
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  • John McGarrity | Business Spectator
    history of disappointment a clean set of financial numbers is needed to restore confidence Politics Australian Election Federal Budget International News Asia Europe USA National Affairs Latest stories Gagging visas are an attack on democracy The skyrocketing price of a journalist visa for Nauru will limit coverage of Australian prisoners on a vassal state It is an insult to the democratic principles this country stands for Britain will be poorer for Scotland the brave The economic case for Scottish independence is far from settled with doubts hanging over volatile oil prices and uncertainty over future revenues One thing is certain it would be a disaster for Britain Technology NBN Buzz Mobility BYOD Smart Devices Emerging Tech Applications Big Data Cloud Computing Data Management Reviews Social Media Start ups Security Data Security Identity Management Wireless Security Telecommunication Latest stories Google v Facebook Who knows wins The unparalleled Google Analytics service means Google knows more about internet users than anyone else And runner up Facebook must go further to mine precious user insights if it wants to compete Will Twitter s founder strike social gold twice Biz Stone is looking to tap into the selflessness of others with his latest venture Jelly Enterprises But the just launched app will have to quickly shift into something of real value if it s to become a mainstream success Climate Carbon markets Energy markets Renewable energy Resources Solar energy Wind power CleanTech Science Environment Green Deals Policy Politics Smart Energy Latest stories Marking the milestones of 2013 Australia s transition to a clean energy economy took some political blows in 2013 but progress on the ground was heartening with energy efficiency solar and wind all providing tangible proof of their future potential A fifth year of declining power consumption Power consumption fell again in 2013 dipping 2 8 per cent across the National Electricity Market as scheduled renewables rose to 12 per cent of the market Industries Advertising and Marketing Agribusiness Automotive Aviation Construction and Engineering Education Family Business Financial Services Food and Beverages Gaming and Racing Health and Pharmaceuticals HR Industrial relations Information Technology Infrastructure Insurance Manufacturing Media and Digital Resources and Energy Professional Services Property Retail Small Business SME Telecommunications The Ashes Tourism Transport and Logistics Video KGB TV China Spectator CEO Hub Leadership Lab Management Insights Young Leaders Knowledge Centre Adapt or Die Knowledge Hub Business Accelerators Webinars eBooks Menu John McGarrity Europe goes cold on coal Last winter will likely be recorded as the high water point for coal demand in Europe as more efficient plants come online this year and renewables ramp up by John McGarrity 8 52am September 04 Search Markets Global Indices Index Last Chg Chg DOW JONES 16437 05 7 7 S P 500 1842 37 4 2 0 2 NASDAQ 4174 66 18 5 0 4 FTSE 100 6739 94 48 6 0 7 NIKKEI 15912 06 31 7 0 2 Hang Seng 22846 25 58 9 0 3 The Spectators US labour market can withstand

    Original URL path: http://www.businessspectator.com.au/contributor/john-mcgarrity (2014-01-13)
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  • Oil hits two-year peak | Business Spectator
    with energy efficiency solar and wind all providing tangible proof of their future potential A fifth year of declining power consumption Power consumption fell again in 2013 dipping 2 8 per cent across the National Electricity Market as scheduled renewables rose to 12 per cent of the market Industries Advertising and Marketing Agribusiness Automotive Aviation Construction and Engineering Education Family Business Financial Services Food and Beverages Gaming and Racing Health and Pharmaceuticals HR Industrial relations Information Technology Infrastructure Insurance Manufacturing Media and Digital Resources and Energy Professional Services Property Retail Small Business SME Telecommunications The Ashes Tourism Transport and Logistics Video KGB TV China Spectator CEO Hub Leadership Lab Management Insights Young Leaders Knowledge Centre Adapt or Die Knowledge Hub Business Accelerators Webinars eBooks Menu Oil hits two year peak 29 Aug 2013 3 30 AM Climate Resources Markets Middle East supply concerns intensify ahead of possible airstrikes on Syria You must be logged in to read this article Not a member yet Register today Business Spectator is available on all of your devices so you can access the latest news and commentary where and how you like Register now Already a member Sign in here Email Address Enter your Email Address Password Enter the password that accompanies your Email Address Remember me Log in Request new password AAP New York oil has hit the highest level for more than two years with concerns about Middle East supplies intensifying as Western powers prepare for possible military action against Syria New York s main contract West Texas Intermediate for delivery in October soared to US112 24 per barrel on Wednesday reaching a level last seen in early May 2011 Later it was showing a net gain of US1 23 to US110 31 as traders banked substantial gains Brent North Sea crude oil for October jumped to US117 34 which was the highest point since late February Brent went on to trade at US115 59 up US1 23 compared with Tuesday s close Global markets are understandably worried by the prospect of US led airstrikes on Syria particularly given the renewed surge in oil prices said Capital Economics analyst Julian Jessop The problem of course is that no one ourselves included can be sure what will happen next This uncertainty has allowed speculation to focus on a worst case scenario involving a wider regional conflict and significant disruption to oil supplies However this is only one of many possible outcomes Crude futures had already leapt to their highest level in 18 months on Tuesday as Western threats against Syria stoked worries over oil supplies from the Middle East region While Syria is not a big producer of oil the potential for the conflict to escalate in the Middle East is likely to continue to push prices higher unless we see attempts from the US to ease concerns about some form of military action said Alpari trading group analyst Craig Erlam Analysts say a military strike targeting President Bashar al Assad s regime

    Original URL path: http://www.businessspectator.com.au/news/2013/8/29/markets/oil-hits-two-year-peak (2014-01-13)
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  • Yallourn flooding 'won't stop power generation' | Business Spectator
    future revenues One thing is certain it would be a disaster for Britain Technology NBN Buzz Mobility BYOD Smart Devices Emerging Tech Applications Big Data Cloud Computing Data Management Reviews Social Media Start ups Security Data Security Identity Management Wireless Security Telecommunication Latest stories Google v Facebook Who knows wins The unparalleled Google Analytics service means Google knows more about internet users than anyone else And runner up Facebook must go further to mine precious user insights if it wants to compete Will Twitter s founder strike social gold twice Biz Stone is looking to tap into the selflessness of others with his latest venture Jelly Enterprises But the just launched app will have to quickly shift into something of real value if it s to become a mainstream success Climate Carbon markets Energy markets Renewable energy Resources Solar energy Wind power CleanTech Science Environment Green Deals Policy Politics Smart Energy Latest stories Marking the milestones of 2013 Australia s transition to a clean energy economy took some political blows in 2013 but progress on the ground was heartening with energy efficiency solar and wind all providing tangible proof of their future potential A fifth year of declining power consumption Power consumption fell again in 2013 dipping 2 8 per cent across the National Electricity Market as scheduled renewables rose to 12 per cent of the market Industries Advertising and Marketing Agribusiness Automotive Aviation Construction and Engineering Education Family Business Financial Services Food and Beverages Gaming and Racing Health and Pharmaceuticals HR Industrial relations Information Technology Infrastructure Insurance Manufacturing Media and Digital Resources and Energy Professional Services Property Retail Small Business SME Telecommunications The Ashes Tourism Transport and Logistics Video KGB TV China Spectator CEO Hub Leadership Lab Management Insights Young Leaders Knowledge Centre Adapt or Die Knowledge Hub Business Accelerators Webinars eBooks Menu Yallourn flooding won t stop power generation 28 Aug 2013 7 03 AM Climate Resources Energy Australia says power station won t be affected by heavy rain You must be logged in to read this article Not a member yet Register today Business Spectator is available on all of your devices so you can access the latest news and commentary where and how you like Register now Already a member Sign in here Email Address Enter your Email Address Password Enter the password that accompanies your Email Address Remember me Log in Request new password The operator of the Yallourn power station says extra water flooding the open cut mine will not affect energy generation the Australian Broadcasting Corporation reports When the Morwell diversion collapsed over a year ago flooding the mine Energy Australia was given emergency discharge approval to pump 150 million litres of water out of the mine and into the Latrobe River each day However recent heavy rain is proving too much for the system to handle and extra water is now flowing into the mine according to the ABC A spokeswoman told the broadcaster the flooding may create problems with coal transportation

    Original URL path: http://www.businessspectator.com.au/news/2013/8/28/climate/yallourn-flooding-wont-stop-power-generation (2014-01-13)
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