WOODSIDE Petroleum makes another offshore discovery.

The Perth oil and gas company, which is driving to shore up gas for an expansion of its 12 billion $US Pluto LNG project on the Burrup Peninsula, said it had struck gas at the Remy-1 well in the WA 404-P permit.

New Zealand Oil and Gas NZO says that it will provide the balance of a short-term funding facility to its 30 percent subsidiary Pike River Coal PRC. NZ in the wake of an explosion that killed 29 miners and halted production.

COMPARED with the flotilla of oil and gas platforms in the North Sea, the waters west of the Shetland Islands are virgin territory. But as the British oil and gas industry declines production in 2009, at 2.5m barrels of oil equivalent per day, was just over half its 1999 peak the remote region has become its last frontier.

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