Alinta Energy says it is ‘open to exploring options' with rivals
Any deal between the two companies would allow for a partial exit of their separate Hong Kong-based owners while creating a stronger third supplier to take on industry heavyweights Origin Energy and AGL Energy.
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Sky News AU
an hour ago
- Sky News AU
Ansett Australia revived as AI-powered online travel agency by Melbourne tech entrepreneur after its trademark lapsed
An iconic Australian airline that went under about 25 years ago has returned for travellers, but will not be flying passengers around this time. Former carrier Ansett Australia has been revived as an AI-powered travel agency by Melbourne-based tech entrepreneur Constantine Frantzeskos. He said the new version of Ansett is designed as a personalised travel concierge which will make predictive trip recommendations and plans based on customers' preferences. 'This will be a travel agent that understands you, your family, your needs, your budget and where you've been. That's the vision,' Mr Frantzeskos told The Age. Ansett's brand was revived as the old airline 'stood for something Australians still value: innovation, trust, and great service", according to the new travel website. Mr Frantzeskos said trademark for the former carrier had lapsed and the domain name was up for grabs. He said despite the airline's bleak collapse, where 16,000 jobs were lost, many Aussies could still appreciate the nostalgia behind the brand. 'It's a shame it went away, but I think that brand voice is still compelling, and people have nostalgia for it,' Mr Frantzeskos said. 'Just because the corporate entity behind something didn't work doesn't mean that the brand still doesn't mean something. When I mention what I'm doing to people, they get a big smile on their face.' The revived version of Ansett - which will compete against major online travel agencies such as Expedia, and Webjet - has stressed it uses AI to organise pricing and schedule trips. 'This is Ansett, reimagined for the way we live and travel now,' Ansett's website reads. 'We don't just show you endless options — we personalise your travel journey from the first click. 'We use AI to surface the best prices, strip out the noise, and recommend what actually matters to you. 'You won't find generic upsells or bait pricing here — just smart, fast, near-wholesale deals.' Ansett flew Aussies around the country and overseas for 65 years and was the second ranked airline to Qantas before it was grounded.
Sydney Morning Herald
2 hours ago
- Sydney Morning Herald
TMK starts drilling seventh gas production well in Mongolia
TMK Energy has started drilling a seventh production well to increase capacity at its Lucky Fox Pilot Well project in southern Mongolia, using a larger, more powerful TXD200 rig for the first time in the country. Canadian firm Major Drilling is drilling the LF-07 pilot production well to further reduce the reservoir pressure towards the targeted critical desorption pressure. The additional well should boost the depressurisation sought at the project and bump up total production capacity. A recent independent technical review recommended management utilise the larger TDX200 rig, which also has a more advanced mud system to drive drilling efficiencies. The new well is being completed on a fixed cost 'turnkey' contract with Major Drilling to minimise TMK's exposure to cost overruns. The Canadian-based drilling firm has drilled all six previous pilot wells at the project site. The Lucky Fox project, which is part of TMK's wider Gurvantes XXXV coal seam gas project, has progressively lifted gas output this year, setting several monthly records for gas volume produced. The company expects to shortly produce commercial rates of gas across its 60-square-kilometre project in the Nariin Sukhait area of Mongolia's vast countryside. TMK Energy chief executive officer Dougal Ferguson said: 'We have commenced drilling of our seventh pilot production well in the Lucky Fox Pilot Well project, which is another positive step forward for the project… With all six existing wells on production, including LF-05, which has recently been successfully remediated, we look forward to bringing LF-07 on production and continuing to grow our gas production capacity.' Management has recently had pressure build-up tests conducted at its LF-01, LF-02 and LF-03 wells, encouragingly demonstrating significant reductions in the reservoir pressure within the past two years and providing an overall improvement in reservoir depressurisation.
The Age
2 hours ago
- The Age
TMK starts drilling seventh gas production well in Mongolia
TMK Energy has started drilling a seventh production well to increase capacity at its Lucky Fox Pilot Well project in southern Mongolia, using a larger, more powerful TXD200 rig for the first time in the country. Canadian firm Major Drilling is drilling the LF-07 pilot production well to further reduce the reservoir pressure towards the targeted critical desorption pressure. The additional well should boost the depressurisation sought at the project and bump up total production capacity. A recent independent technical review recommended management utilise the larger TDX200 rig, which also has a more advanced mud system to drive drilling efficiencies. The new well is being completed on a fixed cost 'turnkey' contract with Major Drilling to minimise TMK's exposure to cost overruns. The Canadian-based drilling firm has drilled all six previous pilot wells at the project site. The Lucky Fox project, which is part of TMK's wider Gurvantes XXXV coal seam gas project, has progressively lifted gas output this year, setting several monthly records for gas volume produced. The company expects to shortly produce commercial rates of gas across its 60-square-kilometre project in the Nariin Sukhait area of Mongolia's vast countryside. TMK Energy chief executive officer Dougal Ferguson said: 'We have commenced drilling of our seventh pilot production well in the Lucky Fox Pilot Well project, which is another positive step forward for the project… With all six existing wells on production, including LF-05, which has recently been successfully remediated, we look forward to bringing LF-07 on production and continuing to grow our gas production capacity.' Management has recently had pressure build-up tests conducted at its LF-01, LF-02 and LF-03 wells, encouragingly demonstrating significant reductions in the reservoir pressure within the past two years and providing an overall improvement in reservoir depressurisation.
