"I'm ecstatic. We led the charge actually many years ago when they started exploring out there from the point of view that there is no precedent for that type of drilling from a safety point of view anywhere in the world." … [Read more...] about BP withdraws from Great Australian Bight drilling
Australian government funded scholarships
A Victorian man in his 60s is diagnosed with the coronavirus.He became unwell on January 23 - two days after returning from the Chinese city of Wuhan, the epicentre of the outbreak. The man was confirmed as positive on January 29 and was subsequently seen by doctors at the Monash Medical Centre.January 30 … [Read more...] about ‘A really good opportunity’: The sinister text messages sent to low income Australians asking them to clean coronavirus-hit ship the Diamond Princess
"There are other companies that retain interest in the Great Australian Bight, they are much less advanced with their plans than Equinor were, so this is clearly a setback … and we'll have to wait and see what the longer-term plans of other companies might be." … [Read more...] about Why did Equinor withdraw and what’s next for the Great Australian Bight?
Chevron said it would start public consultation with stakeholders in the first quarter of next year and it had already been in discussions with local government, including the council at Ceduna on the west coast of South Australia. … [Read more...] about Chevron reaffirms Great Australian Bight drill plans for 2017 or 2018, despite BP pulling out
South Australian Northern Zone Rock Lobster Fishermen's Association president and fisherman, Aaron Whittle, drew attention to impacts of seismic testing on lobster, explaining that like tuna, the industry would be set back years if there was a spill. … [Read more...] about Oil drilling bid for Great Australian Bight prompts debate as industries raise oil spill concerns
Union Budget 2021 is behind us. While there are many things to say about the Budget, the core takeaway for us was the realistic growth estimate of 10 per cent (nominal) and a fiscal deficit of 3.5 per cent for FY21. The core thrust of this Budget was to improve the ease of doing business. To achieve that goal, the government is trying to improve contract enforcement. If the government is able to execute this on ground, it would vastly increase business optimism. Improved contract enforcement reduces credit risk premium at the last mile level. Overall, contract enforcement brings in a degree of business predictability and improve project deliveries all through the system. The government is also taking steps to remove the potential criminal liability upon businessmen for civil matters, which is likely to improve business sentiment. The government is also planning to bring in a tax charter. This charter will introduce clear rights and obligations for the taxpayer and protect the … [Read more...] about Small and mid cap mutual funds continue to provide opportunities: Nilesh Shah