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  • 27 Nov 2024 8:33 AM | Anonymous

    Empire Energy Group Limited (“Empire”) is pleased to announce it has executed binding term sheets with Macquarie Bank Limited (“Macquarie”) for the establishment of new credit facilities totaling A$65 million. Together with existing cash on hand, proceeds from the credit facilities will be applied to Carpentaria-5H (“C-5H”) and the Carpentaria Gas Plant and associated infield infrastructure.

    The A$65 million credit facilities with Macquarie comprise:

    • R&D Facility (A$30 million upsized from A$2.25 million existing facility): Facility sized at 80% of the FY2024 and FY2025 estimated tax rebates under the Australian Government’s Research and Development (“R&D”) Tax Incentive Scheme. The R&D Facility provides Empire with additional liquidity and will allow Empire to better manage its working capital requirements. Funds can be applied to Northern Territory exploration, appraisal and development activities including C-5H and construction of infield infrastructure; 
    • Performance Bond Facility (A$5 million, same size as existing facility): to meet Empire’s Northern Territory environmental bonding obligations through Macquarie bank guarantees in favour of the Northern Territory Government on a non-cash-backed basis; and 
    • Midstream Infrastructure Facility (A$30 million new facility): proceeds can be applied to the refurbishment and construction of the Carpentaria Pilot Gas Plant. Repayment of the Midstream Infrastructure Facility will be via a tolling fee. 

    The R&D and Performance Bond Facilities represent a refinancing of Empire’s existing credit facility with Macquarie.

    Availability under the R&D Facility has been increased from 60% of expected R&D tax rebate under the existing facility to 80% of expected R&D tax rebate while maintaining the same interest margin.

    Pricing for the Performance Bond Facility has been reduced from BBSW + 10% to a fixed 10% per annum on issued guarantees.

    The other key terms of the credit facilities are included in Appendix A to this announcement.

    Carpentaria-5H Drilling Update

    The surface section of the C-5H well has been successfully drilled and cased, effectively isolating the Cambrian Limestone Aquifer. Empire is currently drilling ahead in the vertical section of the intermediate hole at a depth of 770 metres MD at the time of publication of this release. The well path will soon begin building and turning towards the Middle Velkerri B shale target interval. After the intermediate section is drilled and cased, Empire will drill and case the horizontal section.

    Source: Empire Energy Group

  • 26 Nov 2024 9:40 AM | Anonymous

    The CLP Government is delivering on its commitment to ease cost of living pressures by increasing the Home and Business Battery Scheme bonus from $5,000 to $12,000.

    From December 1, 2024, the boost to the scheme will provide Territorians with greater access to renewable energy solutions, lowering energy bills and supporting local businesses involved in the supply and installation of solar PV systems and batteries.

    Minister for Renewables, Gerard Maley, said it was part of the CLP Government’s commitment to practical outcomes for Territorians.

    “As promised, we are more than doubling the battery bonus for Territorians,” he said.

    “We understand the challenges power prices present, and this increase will provide an accessible entry point for households and businesses looking to make the switch to renewable energy.

    “This is about providing practical solutions to ease affordability pressures while also providing greater energy grid stability.”

    The Home and Business Battery Scheme offers eligible homeowners and businesses access to up to $12,000 for a battery subsidy of $400 per kilowatt-hour of usable system capacity.

    “Our government is doubling the funding pool from $3 million to $6 million, giving more Territorians access to solar batteries and inverters,” said Mr Maley.

    Eligible owners can use the grants to either:

    • Buy and install a solar photovoltaic (PV) system with an eligible battery and inverter, or
    • Buy and install an eligible battery and inverter, to complement an existing solar PV system.

    Batteries allow households and businesses to maximise use of electricity generated from rooftop solar PV systems while contributing to grid stability and reducing power system costs.

    “By charging their battery during the day, families and businesses can store energy to use during peak times or when it is cloudy, making it easier to manage costs and run their appliances, including aircons, more efficiently,” said Mr Maley.

    The grant is available from 1 December 2024 for 12 months, or until the $6 million funding pool is fully subscribed.

    The CLP Government is also doubling the peak feed-in-tariff so households and businesses can get 18.66c/kWh between 3pm and 9pm year-round for electricity exported to the grid.

    The new rate will come into effect from July 1, 2025.

    This is to ensure Power Water Corporation ICT upgrades in early 2025 are complete, and to enable the necessary changes to billing systems to reflect the peak feed-in-tariff.

    “Supplementing grid supplies with household and business solar batteries means we can reduce the peak demand on gas-fired generation, increase energy reliability and cut emissions,” said Mr Maley.

    The higher feed-in-tariff during the peak period of 3pm to 9pm will encourage people with solar and batteries to export more power at these times, easing pressure on the grid.

    From 1 July 2025, eligible customers will automatically receive the higher feed-in-tariff from their electricity retailer, potentially saving them an average of $150 per year.

    Learn more about the battery scheme grant and feed-in tariff by visiting the Territory Renewable Energy website, and access the grants via Grants NT.

    Source: Northern Territory Government 

  • 25 Nov 2024 5:00 PM | Stephanie Berlin (Administrator)

    Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG) is pleased to announce the spudding of the Shenandoah S2-4H (“SS4H”) horizontal well (previously referred to as the SS3H well) in exploration permit 98 in the Beetaloo Sub-basin, Northern Territory, Australia with Falcon Oil & Gas Australia Limited’s (“Falcon Australia”) joint venture partner, Tamboran (B2) Pty Limited (“Tamboran B2”).

    SS4H is the second well of the Shenandoah South Pilot Project and will be drilled from the same well pad as the Shenandoah S2-2H ST1 sidetrack well (“SS2H ST1”) using the H&P super-spec FlexRig® Flex 3 Rig.

    The SS4H well is estimated to be drilled to a total measured depth of 20,669 feet (6,300 metres) including a horizontal section of approximately 10,000 feet, (3,000 metres), targeting the Amungee Member B-shale.

    Following the drilling of the SS4H well, Liberty Energy will complete the stimulation of the SS2H ST1 and SS4H wells, with 34 and 60 stages planned at the respective wells. Stimulation of both wells is expected to commence in Q1 2025 with 30 day initial production flow rates expected in the same period.

    Falcon Australia will continue its participation in the Shenandoah South Pilot Project at its elected participating interest of 5%.

    Philip O’Quigley, CEO of Falcon commented:

    “The spudding of the SS4H horizontal well is an exciting next step in the development of the Beetaloo Sub-basin and we will look forward to updating the market as operations progress.”

    To view the full press release, click here.

    Source: Falcon Oil & Gas Ltd. 

  • 22 Nov 2024 7:00 PM | Stephanie Berlin (Administrator)

    Environment Centre NT’s emergency bid rejected by NT tribunal.

    Tamboran Resources believes it has deflected an activist group's efforts to proceed with fracking at the Shenandoah South project in the Northern Territory's Beetaloo Basin. The NT Civil and Administrative Tribunal (NTCAT) today heard an emergency application by the Environment Centre NT (ECNT) but did not make a ruling.

    Tamboran's long-heralded Shenandoah South Pilot Project, a shale gas development in the Beetaloo Basin, has recently received Major Project Status from the NT government, reflecting its potential role in energy security. 

    The project includes plans for a proposed LNG export terminal at Darwin's Middle Arm precinct, which is expected to address east coast gas shortfalls and contribute to local energy supplies. The development is projected to create thousands of jobs and provide an economic boost to the NT.

    The ECNT sought an urgent hearing, citing new evidence related to Tamboran's fracking timeline. However, the NTCAT President ruled against issuing any orders at the emergency hearing on Friday.  

    "The ECNT asserted that Tamboran's Public Announcement dated 13 November 2024 was somehow relevant to the Stay Application heard on 5 November 2024," a Tamboran spokesperson said.  

    "The Public Announcement provided an updated timeline as it relates to Tamboran's stimulation Campaign planned to Commence in 1Q 2025. We must refrain from further comments whilst the President of the Tribunal is making a determination on the Stay Application."

     "Tamboran has full confidence in our environmental management plan and the NT Government's approval processes that are all based on the Pepper Inquiry recommendations," the spokesperson added.

    Meanwhile, a spokesperson for ECNT stated that the group would withhold further comment until the Tribunal reaches a decision on the stay application. 

    The Tribunal has not yet made a decision on the stay application,' the company said in a statement to Energy News Bulletin.

    Source: Energy News Bulletin

    To view the news article online, click here.

  • 19 Nov 2024 12:43 PM | Stephanie Berlin (Administrator)

    Santos today announced an updated capital allocation framework that will target returns to shareholders of at least 60 per cent of all-in free cash flow from 2026, following a period of major capital investment to bring significant new production online from the Barossa and Pikka projects.

    In addition, Santos announced a carbon storage growth target to build and operate a commercial carbon storage business that would permanently store approximately 14 million tonnes of third-party CO2e per annum by 2040.[1]

    The target is equivalent to around 50 per cent of Santos’ 2023 equity Scope 3 emissions from the combustion and use of our products.

    The successful startup of Santos’ 1.7 million tonnes per annum Moomba Carbon Capture and Storage (CCS) project last month, with the technology and reservoirs performing as expected, demonstrates the potential for future phases to provide safe, low-cost, permanent carbon storage for customers and hard-to-abate industries.

    Speaking at the company’s Investor Day in Sydney, Managing Director and Chief Executive Officer Kevin Gallagher said today’s announcement confirms Santos’ commitment to prioritise shareholder returns when new production comes online and to support the global energy transition while generating new revenue streams for the business.

    “Santos has been unrelenting in sticking to its strategy and implementing its disciplined operating model,” Mr Gallagher said.

    This continues to deliver strong production and project execution to backfill our infrastructure with highlights including:

    • Angore wells in PNG now online with two wells successfully commissioned and connected, supplying up to 350 million standard cubic feet of gas per day to sustain PNG LNG production
    • Commencing drilling of the highly prospective Hides Footwall structure
    • Barossa now 84 per cent complete with first gas expected in third quarter 2025
    • Pikka now ~70 per cent complete with first oil expected by the first half of 2026.

    Santos’ world-class LNG portfolio is backed by long-term contracts with tier one buyers and flexible contract terms to provide risked upside potential.

    “The proximity of our projects to Asian markets provides a significant shipping cost and emissions advantage compared to supply from east coast US and Middle East suppliers,” Mr Gallagher said.

    “We are delivering on our strategy to develop upstream production to backfill and sustain our leading infrastructure position, decarbonise our operations and build a commercial carbon management services and low-carbon fuels business to meet future demand.

    “With Barossa and Pikka coming online, Santos’ production is expected to increase by more than 30 per cent by 2027 compared to 2024, significantly lowering unit production cost which will support strong free cash flow generation throughout the commodity price cycle.

    “The simplified capital allocation framework announced today reflects our commitment to prioritise shareholder returns following the company’s investment over recent years in new production from Barossa and Pikka.

    “From 2026 we will return at least 60 per cent of all-in free cash flow to shareholders, and when gearing is below our target range of 15-25 per cent, 100 per cent of free cash flow will be returned to shareholders in the form of dividends and/or buybacks.

    “The market outlook for LNG into Asia, domestic gas in Australia and liquids remains strong out to 2040 and beyond.

    “2024 is set to be another peak consumption year for hydrocarbon fuels globally, making it increasingly clear that decarbonisation of their production and use is critical to the world’s net zero goals.

    “Santos has a leading infrastructure and adjacent resource position that makes it well placed to meet ongoing demand with low-cost production.

    “We have a wealth of backfill options to sustain production at our Gladstone and PNG LNG plants, which will be Santos’ top priority for future development capital – provided it fits within our capital allocation framework following the startup of Barossa and Pikka.

    “These options include unlocking new geological plays in the Cooper Basin, which we have been appraising over the last few years, and prolific gas resources in the McArthur (Beetaloo) Basin shales in the Northern Territory as well as in the PNG Hela, Eastern Highlands and Gulf Provinces.

    “Very importantly, our gas resources and LNG facilities are close to large-scale, relatively low-cost carbon storage resources and existing infrastructure that can be repurposed for CCS.

    “The International Energy Agency’s Net Zero Emissions by 2050 (IEA NZE) scenario assumes that 70 per cent of global gas demand will be served with abated gas through CCS.

    “We are extremely proud of the performance to date of the first phase of Moomba CCS that has now stored more than 150 thousand tonnes of CO2.

    “Moomba CCS is groundbreaking as one of the world’s largest and lowest-cost CCS projects, dedicated to permanent CO2 storage.

    “This first phase of Moomba CCS will safely and permanently store up to 1.7 million tonnes of CO2 per year, depending on CO2 availability.

    “That is equivalent to 70 per cent of Australia’s total annual net emissions reduction in 2023.”[2]

    “The IEA NZE scenario assumes more than 2.5 billion tonnes of CO2 will be stored globally each year by 2035, about 50 times more than today.

    “The success of Moomba CCS to date and the strong outlook for CCS demand growth gives us a high level of confidence in setting our new carbon storage growth target to build and operate a commercial carbon storage business.

    “With a strong balance sheet, line of sight to long-term, cash-generative production and a healthy portfolio of sustainable backfill and expansion options, I am confident Santos can continue to deliver superior value for shareholders over the long term,” Mr Gallagher said.

    Guidance

    There is no change to Santos 2024 production, unit cost and capital expenditure guidance.

    Santos will provide 2025 guidance with our 2024 fourth quarter report in January 2025.

    Live Webcast

    A live webcast of the 2024 Investor Day will be available on the Santos website at www.Santos.com from 8.30am ACDT today.

    [1] This is a target not a forecast and is a growth target for gross storage from Santos operated carbon storage projects. The target is ambitious and subject to substantial engineering, finance, commercial and policy work to establish enabling frameworks with customers, governments, regulators and other stakeholders. The potential projects that would enable achieving the target remain at an early phase of planning and commercial and economic viability is still to be confirmed.

    [2] https://www.abs.gov.au/statistics/measuring-what-matters/measuring-what-matters-themes-and-indicators/sustainable/emissions-reduction

    To view the full announcement '2024 Investor Day', click here.

    Source: Santos

  • 19 Nov 2024 12:41 PM | Stephanie Berlin (Administrator)

    Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG) is pleased to announce that the Shenandoah South 2H sidetrack (“SS2H ST1”) well has been cased and suspended at a total measured depth of 16,182 feet (4,932 metres) in the Beetaloo Sub-basin, Northern Territory, Australia. This includes a 5,906-foot (1,800-metre) horizontal section within the Amungee Member B-Shale, of which ~5,577 feet (1,700 metres) is planned to be stimulated with Falcon Oil & Gas Australia Limited’s (“Falcon Australia”) joint venture partner, Tamboran (B2) Pty Limited (“Tamboran B2”).

    The decision to case and suspend SS2H ST1 comes following consultation with Tamboran B2 on the failure of a directional drilling tool while drilling the horizontal section. This decision avoids additional rig costs and will enable the immediate drilling of the Shenandoah South 3H (“SS3H”) well from the same well pad, which is planned to be drilled with a 10,000-foot (3,000 metre) horizontal section in the Amungee member B-Shale.

    Following the drilling of the SS3H well, Liberty Energy will complete the stimulation of the SS2H ST1 and SS3H wells with 34 and 60 stages planned at the respective wells. Stimulation of both wells is expected to commence in Q1 2025 with 30 day initial production flow rates expected in the same period.

    The successful stimulation of SS2H ST1 will create a drilling spacing unit of 20,480 acres.

    Falcon Australia will continue its participation in both wells in the Shenandoah South Pilot Project at its elected participating interest of 5%.

    To view the full announcement, click here.

    Source: Falcon Oil & Gas Ltd.

  • 18 Nov 2024 9:59 AM | Stephanie Berlin (Administrator)

    EP 98 Operational Update: SS-2H ST1 well cased and progressing to SS-3H well

    Highlights

    • The Shenandoah South 2H sidetrack (SS-2H ST1) well has been cased and suspended at a measured depth of 16,182 feet (4,932 metres). This includes a 5,906-foot (1,800-metre) horizontal section within the Mid Velkerri B Shale, of which ~5,577 feet (~1,700 metres) is planned to be stimulated.
    • Tamboran will immediately commence the drilling of the Shenandoah South 3H (SS-3H) well, which is planned be drilled with a ~10,000-foot (~3,000-metre) lateral section in the Mid Velkerri B Shale.
    • Following the drilling of the SS-3H well, the Liberty Energy (NYSE: LBRT) stimulation equipment is expected to complete the SS-2H ST1 and SS-3H wells with at least 34 and 60 stages, respectively, commencing in 1Q 2025.
    • Lessons learned from the Shenandoah South 2H (SS-2H) well were successfully incorporated in the drilling of the SS-2H ST1 well, which resulted in drilling rates of 1,240 feet per day (from spud of the sidetrack to total depth (TD), ~31% faster than the SS-2H well over the same interval.
    • The Company remains on track to deliver IP30 flow rates from both the SS-2H ST1 and SS-3H wells during 1Q 2025.

    Tamboran Resources Corporation Managing Director and CEO, Joel Riddle, said:

    “Following consultation with our Beetaloo Joint Venture (BJV) partners, the decision was made to case and suspend the SS-2H ST1 well at a measured depth of 16,182 feet (4,932 metres), following the failure of a directional drilling tool while drilling the horizontal section.

    “The decision to case the SS-2H ST1 well early will avoid additional rig costs and will enable the immediate drilling of the SS-3H well from the same well pad. Following consultation with our oilfield services provider, Tamboran expects an increased performance from the directional drilling tools that will be used in the SS3H well.

    “Prior to the completion of drilling the SS-2H ST1 well, I was pleased to see our team successfully apply lessons from prior wells in the Beetaloo Basin and achieve record drilling rates of 1,240 feet drilled per day from spud of sidetrack to TD, 31% faster than the SS-2H well. We expect further learnings to be applied in the drilling of the SS-3H well.

    “Importantly, Tamboran's geologic modeling of the Mid Velkerri B Shale continues to be validated, with a step-out of ~1,640 feet (~500 metres) from the original SS-2H well. The SS-2H ST1 well logged a consistent, high quality reservoir section with no faulting within the shale formation.”

    To view the full ASX announcement, click here.

    Source: Tamboran Resources

  • 18 Nov 2024 9:52 AM | Stephanie Berlin (Administrator)

    Carpentaria-5H drilling operations commence

    Highlights

    • Carpentaria-5H (“C-5H”) commenced drilling at 9.30am NT time on Saturday 16th November
    • C-5H is expected to take approximately 45 days to drill and case
    • C-5H is being drilled by the Ensign Rig #965 and will form part of the Carpentaria Pilot Project
    • C-5H is designed to deliver higher gas production rates than previous wells and, subject to approvals, sale of gas into the NT local market
    • After rig release C-5H will be hydraulically stimulated
    • Cash at bank is $34 million 

    Comments from Managing Director Alex Underwood:

    "Empire has now reached the execution phase of our Carpentaria-5H operations.

    This is an important milestone for our company and the Beetaloo Basin generally.

    This well will be our first full-scale pilot development well, incorporating learning from the four wells that have previously been drilled successfully in EP187. The well design incorporates a larger well bore diameter targeting a 3,000m drilled and cased horizontal section. The larger well bore diameter will allow Empire to increase stimulation horsepower, proppant concentration and water concentration, with a goal of producing higher gas flow rates than in previous wells.

    Our planning for the installation of the Carpentaria Gas Plant is progressing with a goal of commencing the sale of gas from EP187 in 2025.

    We look forward to updating shareholders as drilling operations continue.”

    To view the full ASX announcement, click here.

    Source: Empire Energy Group

  • 15 Nov 2024 10:10 AM | Stephanie Berlin (Administrator)

    Northern Territory Government environmental approval for the Carpentaria Pilot Project received.

    Highlights

    The Northern Territory Government has approved Empire’s Environment Management Plan (“EMP) for the Carpentaria Pilot Project

    The EMP provides all environmental approvals for the Carpentaria Pilot Project including up to 9 new wells, installation of the Carpentaria Gas Plant, and above ground process facilities with access to the McArthur River Pipeline for export of gas to markets

    Final regulatory approval for the Carpentaria Pilot Project to proceed is the sale of gas under the Beneficial Use of Test Gas provisions of the NT Petroleum Act. Stakeholder consultation processes are well advanced

    Carpentaria-5H (“C-5H”) drilling is expected to commence imminently. Ensign Rig #965 is now on location

    Comments from Managing Director Alex Underwood:

    "The Empire team continues to progress towards pilot production from the Beetaloo Basin, which will provide much needed gas supply for the people of the Northern Territory under the gas sales agreement Empire signed with the NT Government earlier this year.

    This regulatory approval aligns with the NT Government’s support for Empire and the development of the broader Beetaloo Basin, which is expected to create thousands of jobs, put downward pressure on energy prices across the NT and Eastern Australia, and has the potential to drive a resurgence of manufacturing in the Northern Territory.

    The Empire team is progressing the final remaining approvals required to sell gas produced from the Carpentaria Pilot Project under the NT Petroleum Act’s Beneficial Use of Test Gas provisions".

    To view the full announcement, click here.

    Source: Empire Energy Group

  • 14 Nov 2024 4:57 PM | Stephanie Berlin (Administrator)

    Territorians are encouraged to have their say on the draft Territory Coordinator Bill, which will re-define the way business is done in the Northern Territory.

    The Territory Coordinator delivers on a commitment made to Territorians at both the 2020 and 2024 elections.  

    Chief Minister Lia Finocchiaro said the Territory Coordinator was an independent statutory officer, streamlining coordination for projects of significance, and enhancing the Territory’s economic competitiveness.

    “Territorians have given us the job to deliver change for the better and this economic reform will enable the Territory to focus on our key economic strengths in mining, energy, agriculture, tourism and defence as we rebuild the Territory’s economy,” she said.

    “This economic reform will be the most widely consulted on piece of game-changing legislation in a decade.

    “Not only have we put out a public discussion paper to help inform the draft Bill, the next three months will be spent consulting and refining the draft Bill so it is ready for introduction in the February 2025 sittings of Parliament. 

    “The draft Bill will then be referred to the Legislative Scrutiny Committee for additional oversight before coming before Parliament in March for debate.

    “Consultation on the draft Bill is open to all Territorians and I encourage them to have their say on this important reform.”

    Mrs Finocchiaro also today announced long-term Territorian Stuart Knowles as the interim Territory Coordinator.

    “Stuart has extensive experience across both private and public sectors and brings a wealth of local knowledge through his deep connections and understanding of the Northern Territory’s unique challenges and opportunities,” she said.

    “As interim Territory Coordinator, he will get straight to work on establishing the office so it is ready to hit the ground running Q2 2025.”

    The public’s feedback on the draft Bill will help shape the final functions and powers of the Territory Coordinator, ensuring the office effectively drives development while carefully considering environmental, social, and economic impacts.

    “The current status quo will not deliver a safer Territory or better opportunities, and we all owe it to our children, and future generations, to get this economic reform right,” said Mrs Finocchiaro.

    “For five-and-a-half years under Labor, the Northern Territory was the worst performing economy in Australia.

    “The Territory’s population went backwards, there were no new major projects for eight years, public sector investment has significantly outpaced private sector investment which hit record lows under Labor, and all this was topped off by a crime crisis which has also contributed to our economic stagnation.”

    From June 2004 until June 2024, public investment in the Territory increased by 190.8%, while private business investment increased by only 33.9% over the same period.

    Deputy Chief Minister Gerard Maley said: “The Territory Economic Reconstruction Commission (TERC) and Langoulant Plan for Budget Repair both recommended an immediate overhaul of the major projects process and highlighted the need for a ‘single point of coordination’. That is what the CLP is delivering.”

    “Labor failed to prioritise revenue-generating projects, instead sinking the Territory $9 billion into the red with no plan for economic growth, no plan to manage debt, no plan to tackle crime, and no vision for the Territory’s future,” said Mr Maley.

    “There is no shortage of opportunities here in the Territory. Encouraging and supporting private investment is key to building independent revenue streams, creating jobs, and accelerating economic growth.

    “In 11 weeks since winning the election, our CLP Government has hit the ground running rebuilding the economy.

    “From January 1, our payroll tax reforms will make life easier for businesses, our HomeGrown Territory grants of up to $50,000 are helping Territorians get a foot in the door of their own homes, and we have backed gas development in the Beetaloo Basin.

    “However, we need to do more to boost our economy and create jobs, and the Territory Coordinator has an incredibly important role to play. The CLP Government is cutting red tape, not cutting corners.”

    Key features of the Bill include:

    • The ‘Primary Principle’ provides an overarching guide for use of all powers;
    • The ability to request information or direct a public entity to coordinate actions with other public entities;
    • Undertake public consultation regarding significant projects, program of works and Territory Development Area;
    • Limitations to the exercise of powers and parliamentary oversight including disallowance;
    • Limited exemption powers specific to significant projects, program of works and Territory Development Area;
    • Prioritisation, progression, decision making timeframes and step-in processes.

    “Through the Territory Coordinator, the current mishmash of processes and powers will be pulled together under a strategic, transparent and accountable model of decision-making,” said Mrs Finocchiaro.

    “Territorians deserve certainty, and a strong economy will deliver more police, better hospitals and schools. While other states move forward, the NT cannot afford to be left behind.

    “In the long run, this economic reform will change the lives of everyday Territorians. We are eager to hear the community’s feedback on the draft Territory Coordinator Bill on how we can make it easier to do business in the Northern Territory.”

    Visit cmc.nt.gov.au/territory-coordinator to review the draft Bill and share your feedback, or email OTC.Consultation@nt.gov.au until 17 January, 2025.

    STUART KNOWLES BIOGRAPHY

    A long-time Territorian with a background in the armed forces and transportation sector, Stuart Knowles previously worked with the Department of the Chief Minister and Cabinet prior to joining Inpex as Compliance Approvals Manager in 2014 looking after the regulatory requirements needed for constructing, commissioning and operating the mega project. 

    Knowles went on to ascend to the General Manager NT as Inpex stepped up its efforts towards decarbonisation. 

    After 10 years with Inpex, Knowles joined consulting firm, Scyne Advisory as the Managing Director Northern Territory.


    Hon. Lia FInocchiaro - Chief Minister 

    Hon. Gerard Maley - Deputy Chief Minister

    Source: Northern Territory Government Newsroom

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