LNG, the company set to produce the first liquefied natural gas out of Gladstone, is on the verge of signing a deal to supply gas from 2012.
LNG announced in February it had signed a heads of agreement with its biggest shareholder, Norwegian company Golar LNG, to supply all of its first production train, which has [...]

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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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