Record British offshore energy investment

BRITAIN'S offshore oil and gas sector will invest a record STG13 billion ($A19 billion) in 2013, boosted by the impact of taxation changes in the previous year, an industry survey shows. Overall investment is expected to surge by 14 per cent...

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Italy's centre-left poised to win election

ITALY'S centre-left is poised to win against Silvio Berlusconi in a key election for the eurozone, but a new anti-austerity party is also set to make major gains, exit polls show. The main Democratic Party led by Pier Luigi Bersani and its smaller...

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Silencer plan for NSW park hunting

HUNTERS will be allowed to use silencers on guns when shooting feral animals in NSW national parks to minimise disturbance to other users under proposals being considered by the government. The proposal in a leaked draft assessment report would...

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World powers have 'good offer' for Iran

WORLD powers will present Iran with an updated and "good" offer at talks this week on its nuclear program, an EU official says, although hopes for a breakthrough are slim. Talks aimed at curbing Tehran's nuclear drive start in Kazakhstan on...

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Fiennes pulls out of Antarctic expedition

BRITISH explorer Ranulph Fiennes has pulled out of the expedition to cross Antarctica during the region's winter after developing a severe case of frostbite. The 68-year-old and his five-member team had hoped to conquer what has been called...

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Sinopec buys shale stake from Chesapeake

CHINESE oil giant Sinopec is investing $US1.02 billion ($A995 million) in a US shale field as it teams up with Chesapeake Energy Corp in a 50-50 joint venture, the companies say. China Petroleum & Chemical Corp (Sinopec) will buy a 50 per...

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BP spill trial opens with scathing attack

THE blockbuster BP oil spill trial has opened with a scathing attack on the poor safety standards that led to the worst environmental disaster in US history. Billions are at stake in the New Orleans courtroom where a federal judge is tasked...

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