Business
The political turmoil in the UK that led to the demise of Boris Johnson and Liz Truss and finally the rise of Rushi Sunak as Prime Minister in the space of a few months has cost a Queensland resources company $157 million.
Business
Queensland drilling and engineering company AJ Lucas has accused the UK Prime Minister, Rishi Sunak, of backflipping and vacillating over his support for fracking and said events in the market had “made a mockery” of attempts to reduce CO2 emissions.
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Brisbane company AJ Lucas has more than doubled in value this week after its bet on shale gas in the UK paid off.
Jemena has unveiled plans to invest $5 billion to increase the capacity to its northern gas pipeline and extend it from the Beetaloo Basin to the Wallumbilla gas hub in Queensland.
Queensland farm groups and a key lobbyist of Australia’s gas industry are applying pressure to have redundant mining assets worth more than $1 billion transferred for agricultural use.
Armour Energy has boosted its gas reserves at the Kincora project in Queensland by 22 per cent and was now anticipating a fracking campaign.
