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Northbridge Industrial Services Plc

Green light for Santos/Shell Joint Venture and Bridgeport Energy gas exploration

The Santos/Shell Joint Venture and Bridgeport Energy have been granted permission by the Queensland Government to start exploring for gas in the Surat Basin.

Natural Resources, Mines and Energy Minister, Dr Anthony Lynham, said the granting of the Authority to Prospect reinforced Queensland’s commitment to meeting global and domestic demand with approvals processed in just three weeks. 

Since 2015, the Queensland Government has released more than 39,000km2 of land for gas exploration – nearly a quarter for the domestic market only.

Northbridge Industrial Services plc (LON:NBI) hires and sells specialist industrial equipment to a non-cyclical customer base. With offices or agents in the UK, US, Dubai, Belgium, Germany, France, Australia, Singapore, New Zealand, Brazil and Korea, Northbridge has a global customer base.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.