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Denis Gately, Minter Ellison partner and international leader of the firm’s Energy and Resources group, looks at the legislative issues with which investors in Australia’s oil and gas industry must deal.
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Minter Ellison partner and international leader of the firm’s Energy and Resources group, Denis Gately, notes the emphasis Australian governments and markets have put on gas as a cleaner energy source and the overlapping layers of environmental legislation.
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Brisbane-based Bow Energy has recently taken long strides towards becoming a substantial producer of oil and coal seam gas in Queensland.
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There has been a lot of activity since the early 1990s seeking to regulate the downstream end of the gas market, Denis Gately says.
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Minerals explorer Marathon Resources Limited has launched a new environmental strategy to ensure sustainable management of its key Mt Gee uranium project in South Australia’s northern Flinders Ranges.
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Ten companies are currently due to list on the Australian Securities Exchange in July, with junior resource companies making up the bulk of new entrants to the market.
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Arrow Energy’s plans to become Asia’s leading coal seam gas company have received a significant boost following a major alliance with global energy giant Shell.
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Oil prices have approached $US105 a barrel in New York trading this week, and in doing so, pushed precious metals to new highs.
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Experts claim that the world has just over 40 years of oil reserves left – a frightening assertion in an increasingly fuel-driven society. Fiona Collins reports one solution may be growing on waste land nearby.
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