Train drivers employed by Rio Tinto Group to haul iron ore across Australia’s outback make about the same money as surgeons in the U.S. It’s little wonder the mining company will replace them with robot locomotives.
Santos Ltd. , the Australian energy company planning a liquefied natural gas project in Queensland state, may seek to raise as much as A$2.5 billion ($2.25 billion) selling shares, an analyst at Macquarie Group Ltd. said.
The Australian government may delay approvals for proposed coal-bed methane projects in Queensland state after Origin Energy Ltd. said it found traces of banned chemicals in exploration wells, Macquarie Group Ltd. said.
Woodside Petroleum Ltd. may get gas supplies from a field operated by Exxon Mobil Corp. to underpin an expansion of its $14 billion Pluto liquefied natural gas project in Western Australia, Macquarie Group Ltd. said.
Japanese companies are buying natural gas assets and fields around the world, setting the nation on course to be the first of the 10 largest energy users to bet its future on a less-polluting fuel than oil or coal.
Australian liquefied-natural gas projects planned by companies from Royal Dutch Shell Plc to Woodside Petroleum Ltd. and valued at about $100 billion are at risk from rising costs and cheaper U.S. exports.