Is the ‘Titanic II’ Cruise Ship Already Sunk?

Aussie Billionaire Clive Palmer set out for an ambitious goal when he announced plans to build a replica of the RMS┬áTitanic, and now it seems the Titanic II project, at least as planned, may be headed towards a similar fate as its predecessor: sunk. According to Australian media, Palmer and his Blue Star Line are yet to sign a final deal with the builder in China, … [Read more...]

Palmer: Massive Gas Field Discovered off Papua New Guinea, 28 TCF Recoverable

SYDNEY, Aug 21 (Reuters) - Australian mining mogul Clive Palmer says his oil and gas business has identified what could be one of the world's largest gas fields off the coast of Papua New Guinea, potentially worth $35 billion. After $50 million worth of exploration over 3,000 square km, the northern region of the Gulf of Papua was found to have about 28 trillion cubic feet … [Read more...]