Company news: Future Fuels, Santos, AWE and more

Assistant Minister for Science, Jobs and Innovation Zed Seselja (left) and Future Fuels CRC CEO David Norman.

Assistant Minister for Science, Jobs and Innovation Zed Seselja (left) and Future Fuels CRC CEO David Norman.

PPO News provides you with a wrap of this week’s company news and movements in the Australian oil and gas industry.

The Federal Government’s Cooperative Research Centres (CRC) program will be co-funding Future Fuels CRC with $26.25 million over its proposed seven year research program.

The combined investment from the Commonwealth, Australia’s Energy Industry and Universities (cash and in-kind support) will total more than $90 million over the life of the program.

The Future Fuels CRC will undertake research and development to transition Australia’s energy infrastructure to a low-carbon economy using fuels such as hydrogen and biogas.

Santos, along with its GLNG partners and APLNG, has successfully bid for PRL 2016/17-A block directly west of the Arcadia field in Queensland’s Bowen Basin.

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