| Downer EDI annoucement |
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| Friday, 07 December 2007 | |
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Downer EDI announced that it is selling Century Resources to oilfield services company MB Holding in a deal spaced over the next three years. Depending on MB Holding’s plans, this deal could indirectly impact the Australian geothermal industry because Century Resources is a specialist in geothermal drilling with a fleet of rigs in the Asia Pacific region. |
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Queensland's First Geothermal Permit Granted The ABC rural Queensland news reported Queensland's first permit for geothermal energy exploration was issued on the 1st of June by the State Government to a New South Wales-based company. Managing director of "Granite Power" Stephen de Belle says it won the tender for its "Nagoorin" tenement near Gladstone about a year ago, but the permit means they can now start drilling.. |