An oil and gas exploration company says its found an onshore oil flow on the Gippsland coastline near Seaspray in south-east Victoria.
The executive chairman of Lakes Oil, Rob Annells, says the discovery was made during exploratory drilling works in the area.
He says the find is geologically significant, and could herald the first onshore oil flow [...]

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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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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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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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Greenpeace has joined a protest against a plan to mine shale oil on the north Queensland coast.
Mining company Queensland Energy Resources is doing feasibility studies into an open cut mine 15 kilometres south of Proserpine.
Simon Roz says the Greenpeace boat, Esperanza, will join protests off Airlie Beach next week.
He says the mine would have catastrophic [...]

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A new report by the CSIRO has warned the cost of petrol could rise to as high as $8 a litre in the next 10 years.

The Fuel for Thought study by the Future Fuels Forum says that would be the worst-case scenario if oil production does not keep up with increasing demand.
Petroleum engineer Phil Hart [...]

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Major changes are on the horizon for Uruguay  as it has discovered a large natural gas field off its Atlantic coast that could potentially transform the country from an importer to an exporter of the fuel.
According to the state oil firm, studies show that the field could contain as much as 85 billion cubic metres of [...]

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The previous federal government introduced a $2,000 rebate for motorists to convert their cars to LPG, since then more than 125,000 cars have been converted and the demand is only getting stronger.
The $2,000 rebate was introduced in October 2006 for privately registered cars, halfing the cost of an LPG conversion. Since then, more than $250 [...]

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