Feb 22, 2018 Last Updated 9:32 AM, Feb 21, 2018

New Entry From the Editor :

Wesfarmers reports 87% H1 profit plunge on business write-downs

Wesfarmers reports 87% H1 prof…

AusBN - Wesfarmers (ASX:WES) has reported an 86.6% nose-dive in its H1 net ...

Australian female labour force participation reaches record high

Australian female labour force…

AusBN - Australia’s female labour force participation rate reached a ...

South Australia to help fund green hydrogen-fuelled power plant

South Australia to help fund g…

AusBN - The government of South Australia will help fund one of the largest...

Australian funds to buy Maui gas pipeline

pipelineAusBN – Shell (LSE, NYSE, Euronext: RDSA, RDSB) subsidiary Maui Mining will sell the Maui Pipeline in New Zealand to two infrastructure funds managed by First State Investments of Australia.

Global Diversified Infrastructure Fund and Colonial First State Active Infrastructure Income Fund will pay NZ$335 million (US$223 million) for the 307-kilometre pipeline.

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South Australian wind farm wins ACT contract

renewablesAusBN – The 270-megawatt Hornsdale Wind Farm, currently under construction about 220 kilometres north of Adelaide, has won a contract to deliver an additional 100 megawatts of electricity to the Australian Capital Territory.

Being built near Jamestown, Hornsdale is a joint venture between French company Neoen and Megawatt Capital Investments.

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Otto and Byron Energy sign farm-out deal

statoilAusBN – Australian oil and gas companies Otto Energy Limited (ASX: OEL) and Byron Energy Limited (ASX: BYE) have signed a farm-out agreement worth up to US$17.3 million to further develop Byron’s projects in the Gulf of Mexico.

Otto will earn working interests of up to 50% in Byron’s SM 6 and SM 70/71 leases by paying a disproportionate share of the drilling costs and reimbursing a portion of Byron’s past costs.

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