Martin Ferguson News
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BP Plc, Europe’s second-largest oil company, expects to start its proposed deep-water drilling campaign off southern Australia in late 2015 or early 2016 and to obtain a drilling rig before the end of this year.
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The following is a roundup of soccer stories from U.K. newspapers, with clickable Internet links.
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Australian Resources Minister Martin Ferguson resigned today in the third departure from Prime Minister Julia Gillard’s cabinet since she retained the Labor party leadership yesterday.
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Element Financial Corp. Chief Executive Officer Steven Hudson says selling repackaged leases to life insurance companies helped his Canadian firm avoid the “financial market heroin” that almost ruined his first leasing venture 14 years ago.
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The day Julia Gillard decided to close a chapter on Australia’s intolerant past also became another page in the story of the prime minister’s unrelenting battle to prove her legitimacy with men.
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Australia’s $65 billion of projects to export liquefied natural gas from the east coast are set to push up domestic prices, opening the way for record investment at home in competing energy sources to produce power.
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Australia will boost funding for solar research and development by A$83 million ($88 million) in an initiative supported by the U.S. government, Resources Minister Martin Ferguson said.
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Talks starting next week on changes to Australia’s planned 30 percent mining tax will focus on when the levy should apply to iron ore production, Resources Minister Martin Ferguson said.
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PTT Exploration & Production Pcl may lose the right to drill in Australia after a review of the company’s plans to prevent a repeat of its 2009 Montara oil spill off the northwest coast, the energy minister said.
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Australia’s resource tax rate will be 40 percent and won’t be set at different levels for various commodities, Resources Minister Martin Ferguson said as companies look for a compromise on how the levy will be applied.
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