Australia

The Wheatstone and nearby Iago natural gas resources are located about 200km (124 miles) north of Onslow off Western Australia's Pilbara coast. The Julimar and Brunello fields will tie back to the central processing platform.

LNG-Hungry Japan to Purchase 10% Stake in Australia's Wheatstone Gas Project for $4.4 B

By IBTimes AU

The Japanese government together with a consortium of Japanese companies are poised to buy a 10 per cent stake in Chevron Corp.'s Wheatstone liquefied natural gas (LNG) project in Australia for $4.35 billion. (3:29 am)

MORE TOPICS: CHEVRON, JAPAN, EARTHQUAKE, TSUNAMI

Australian Stock Market Report – Afternoon 5/16/2012

By Comsec

The Australian sharemarket lost ground for the second consecutive day, with the All Ordinaries Index (XAO) falling by 2.4 pct or 101.6 pts to 4214.7. Shares have fallen by around 5 pct so far this month and have significantly reduced the gains for the calendar year to just 2.5 pct. (3:24 am)

MORE TOPICS: UNEMPLOYMENT, WESTPAC, GERMANY, TWITTER, FACEBOOK, ELECTIONS

'Max Payne 3' Features Roundup: Gameplay, Release Dates, Plot and Storyline [TRAILERS]

Max Payne 3: Features Round-up, Gameplay, Release Dates, Plot and Storyline [SPOILERS & VIDEOS]

By IBTimes UK

We round-up all the details surrounding Max Payne 3, which launches this week including gameplay, plot, release dates and videos. (2:43 am)

WWF: Two Earths Needed by 2030 to Sustain World Population

By IBTimes UK

WWF Living Planet Report gives stark warning of the Earth’s diminishing resources. (2:35 am)

MORE TOPICS: UNITED ARAB EMIRATES, LONDON

Diablo 3 Server Meltdown Unable to Meet Demand

Diablo 3 Servers Down; Gamers Disappointed

By IBTimes AU

Avid Diablo gamers experienced a lot of problems with the latest game due to the demand. (2:04 am)

BHP warns commodity markets to cool further

By Reuters

BHP Billiton <BHP.AX> <BLT.L> said it expects commodity markets to cool further and that investors have lost confidence in the longer-term health of the global economy, in the most cautious comments yet from the world's biggest miner. (1:21 am)

MORE TOPICS: CHINA, COPPER, RIO TINTO, INVESTMENT

Australia Pledges $300M Devt Assistance for Afghan Army

By IBTimes AU

Australia's Afghan Mission will definitely end by 2014, according to Prime Minister Julia Gillard, but the country will continue to honour it commitment of supporting stability in Afghanistan. (10:48 pm)

China Mobile in talks with Apple for iPhone

By Reuters

China Mobile, the world's biggest telecom carrier by subscribers, said on Wednesday it is negotiating with Apple Inc to carry the popular iPhone in China. (10:35 pm)

MORE TOPICS: CHINA, IPHONE, APPLE INC., JAPAN, SOUTH KOREA, INDIA

Australian Shooter to Wear Mankini at 2012 London Olympics

By IBTimes UK

Australian double trap shooter Russell Mark, who had won gold and silver medals in the Atlanta (1996) and Sydney (2000) Olympics respectively, will be wearing a mankini at the London Olympics 2012, a bikini for men that was made famous by British comedian Sacha Baron Cohen, after losing a wager. (10:33 pm)

Apple iPhone Still the Preferred Smartphone in Australia

By IBTimes AU

Australia belongs to the Apple universe, according to Google, which means more iPhones have been activated in the country than Android-powered smartphones as of the first three months of 2012. (10:14 pm)

MORE TOPICS: IPHONE, SAMSUNG, ADVERTISING, SMARTPHONE, ANDROID, HTC