The Lawler Government is in discussions with two unspecified “potential green energy projects” to take the place of Fortescue Future Industries at the controversial Middle Arm industrial area, it has claimed, while the Federal Government has said it still intends to spent $1.5 billion on infrastructure at the site, but a final business case would have to completed before the project is formally assessed for final funding.

Fortescue has given up its spot at the proposed Middle Arm industrial development precinct, a decision which follows the February departure of former chief minister Michael Gunner from the company just five months after being named Fortescue Future Industries director of business development for Australia and New Zealand.

UPDATED: Master Builders NT CEO Ben Carter has suddenly and mysteriously resigned his position with the powerful construction industry peak body after less than two years in the top role.

The NT is a year closer to anticipated widespread blackouts, expected to start over the next three years, unless the NT Government invests substantially in fixing looming issues, including addressing renewable energy problems, the NT Utilities Commission has warned.

Tamboran Resources raised less than half the money it was seeking with its initial public offering on the New York Stock Exchange, while an energy think tank said its analysis has raised questions about the financial viability and competitiveness of the Beetaloo gas development, which is being touted by the Lawler Government as crucial to the proposed Middle Arm industrial area and the Territory’s future economy.