As the dollar weakened against the euro oil prices have sky-rockettedand on evidence that OPEC crude exporters were cutting production as promised, analysts said.
Earlier in the day the price of Brent North Sea crude sank close to a 21-month low point under $US59 per barrel as traders sold amid weak energy demand worldwide, they added.
Prices [...]

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It has just been announced that service and petrol stations will be again offering drivers petrol for just 99c per litre. Twelve (12) Petrol stations that will be participating in the fight for independent petrol stations across Sydney.
The Twelve participating petrol stations that will be offering 99c fuel between 8 and 9 am tomorrow, 30 [...]

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A transcontinental pipeline could be built from the North-West Cape to link the eastern states with Australia’s largest natural gas field, West Australian Premier Colin Barnett says.
 
Barnett on Monday told a petroleum engineers conference that Australia should embrace natural gas for its energy needs and cut carbon emissions from coal, which accounts for 85 per [...]

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Japanese oil and gas producer Inpex on Friday chose Darwin as the site for a $24 billion gas processing plant that it had initially planned to build in WA’s north to process gas shipped from its Browse Basin Ichthys gas field.
The Chamber of Commerce and Industry WA said the decision not to build the plant [...]

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The Federal Resources Minister Martin Ferguson has arrived in Darwin ahead of an expected announcement this morning that Inpex will build it’s multi-billion dollar gas plant in the city.
Mr Ferguson flew into Darwin late last night from Canberra after yesterday’s Parliamentary sittings along with Territory MPs and Senators.
He’s expected to make an announcement today that [...]

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AAAI’s new website
The AAAI Group has launched its new website at www.aaai.com.au. They have made their website easier to navigate, more user friendly and have added a range of new features. The new site features a streamlined navigation system which now only contains four main sections, helping candidates get to what you want faster. They [...]

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US Government scientists say they believe the Arctic holds as much as 90 billion barrels of oil, which is enough to meet the current world demand for almost three years.
The report by the US Geological Survey also estimates that the Arctic contains as much natural gas, more than 1,600 trillion cubic feet, as all the [...]

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A large underground basin of “hot rocks” has been discovered by geologists who believe it could provide clean energy to a quarter of Queensland.
The Millungera Basin, located about 100 kilometres east off Cloncurry in North-West Queensland, covers a 15,000 square kilometre area and could hold geothermal energy potentially to rival that of the Copper Basin [...]

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Greenpeace has joined a protest against plans to mine shale oil on the north Queensland coast.
The Greenpeace boat Esperanza will dock at Airlie Beach on Sunday as part of a campaign promoting renewable energies.
Climate and energy campaigner Simon Roz says Queensland’s solar and wind resources are the key to a sustainable future.
“The State Government needs [...]

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Transport will be included in the Federal Government’s emissions trading scheme when Climate Change Minister Penny Wong unveils the plan later today, but that motorists will be shielded for at least three years.
In an effort to soften the impact on motorists and prevent petrol price hikes, the Government is to go against the strong views [...]

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