The Oil Drum: Australia/New Zealand | The Bullroarer

The Bullroarer - Thursday 21st August 2008

Posted by aeldric on August 21, 2008 - 2:17am in The Oil Drum: Australia/New Zealand

I am travelling today, so only a few links. Feel free to add more in the comments below.

I promise a bumper edition tomorrow :-)

aeldric

ABC - Timor Sea oil field development likely

An Adelaide-based petroleum company is looking at developing an oil field in the Timor Sea, about 700 kilometres from Darwin.

As part of an $85 million deal, Stuart Petroleum has bought a stake in the Oliver oil field.

SMH - Presentation to 2008 Australian Geothermal Energy Conference

Herald Sun - Hot rocks power 'within four years'

HOT rocks electricity is touted as the latest solution to climate change - and Australia could have its first super-hot power plant within four years.

Scoop.co.nz - Staged Tidal Power Generation Recommended

A local authority panel is recommending the Minister of Conservation allow staged development of a network of up to 200 underwater turbines – capable of generating enough power for up to 250,000 homes – in the Northern Kaipara Harbour.

The Bullroarer - Thursday 21st August 2008

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Big Gav on August 21, 2008 - 7:27am Permalink | Comments top

It seems Santos is in a hurry to burn Bass Strait gas as quickly as possible - Santos profit leaps, moves into power generation

The 500-megawatt generator could be expanded to 1500 megawatts, Mr Knox said on a conference call after the release of first-half earnings. The board may approve the investment by the end of 2009, allowing production to start in 2012.

"This is our first foray into this area and it's driven by a drive to see our molecules move,'' Mr Knox said. "We recognise that in response to carbon trading we believe gas-fired power will becoming increasingly important and we want to be part of that. It provides us with opportunities.''

Santos hasn't yet decided how the project, which includes the construction of a 105-kilometre pipeline, will be financed or what equity stake it will hold, Knox said. It may take gas from the Longtom and Kipper fields off the south-east coast, he said.