Australia and NZ

Royal Dutch Shell is to begin drilling an exploration well off the New Zealand coast that could extend the life of the Maui gas field.

Drilling ship the Noble Discoverer will drill the Ruru well for Shell Todd Oil Services Ltd. Shell Todd is 50 per cent owned by Todd Energy Ltd. and 50 per cent owned by The Hague-based Shell.

The Ruru well lies approximately 40 kilometres off the Taranki coast on New Zealand’s North Island and is adjacent to the Maui gas field. Maui, which covers an area of 157 square kilometres, began production 30 years ago.

Rod Bridges tells Andrew Pelis about the changes he has implemented at the Curragh mine and how these have resulted in big savings.

Global demand for coal continues apace, with mining companies across Australia enjoying something of a boom period. For a business like Wesfarmers Curragh, the key has been to implement cost-effective mining processes to make the most of buoyant market prices.

Anglo-Australian miner Rio Tinto has made a A$3.5 billion bid approach for Africa-focused Riversdale Mining, in a move likely to spark a bidding war.

As 2009 drew to a close and most Queenslanders were enjoying the Christmas break, ABB Australia pulled off a remarkable feat of engineering collaboration, logistics and lateral planning. Its client, CS Energy, was rather impressed, as John O’Hanlon discovers.

Mel Togolo, country manager of Nautilus Minerals Niugini Ltd (Nautilus) talks to Jayne Flannery about the company’s pioneering work to explore and develop seafloor mineral deposits in the South Pacific.

Company turnarounds require tough decisions and strong leadership. But for McColl’s Transport, the secret has been to lock operational activities into standardised systems, as CEO Simon Thornton explains to Gay Sutton.

Anglo Swiss mining giant Xstrata has raised its cash offer to buy Australia’s Sphere Minerals by 20 per cent to A$514 million (approximately €365 million).

Zug, Switzerland-based Xstrata said the offer was final and would lapse if shareholder acceptances stayed below 50 per cent by 12 November. 8.1 per cent of Sphere’s shareholders had accepted the initial offer as of 2 November.

The UK’s BG Group has approved its biggest ever investment, a £9.3 billion liquefied natural gas (LNG) development in north-east Australia.

Following environmental approvals from the Australian government, the company will now proceed with the first phase of the project—to build a liquefaction plant on Curtis Island, Queensland.

The project will also involve construction of a 540 kilometre pipeline to move gas from the Queensland interior, where the gas will be drilled using 6,000 bore holes, to the liquefaction plant.