Santos shuts down Barossa LNG amidst global gas crunch
The troubled $6 billion flagship will be out of action "for a number of weeks," just as Santos' customers are desperate for gas to replace supply from the Middle East.
Woodside is now chasing investors in its $US12B Scarborough to Pluto LNG project, but they need to look beyond the headline number.
• Santos Oil Search merger OK'd • Woodside job losses •
Terrifying video shows an offshore lift that went badly wrong off the WA coast in early July endangering workers hanging off a platform and those on the vessel.
Employees across Woodside lost their jobs today, with many more expected to follow, as chief executive Meg O'Neill chases a 30 per cent cut in operating costs.
• $2.5B Ichthys law suit • dodgy Woodside spin on The Terrace •
Buying BHP’s Australian oil and gas assets could allow Woodside to escape its lost decade, but its shareholders and Australian taxpayers should count their fingers after the handshake.
TotalEnergies shipped a carbon-neutral LNG cargo from Ichthys in late 2020 when the Inpex-operated project had massive flaring of gas but will not confirm if the above normal emissions were offset.
Crunch time for Australian LNG: True Paris-aligned emissions targets kill demand and ammonia hopes are too small, too late and probably green.
• Blue ammonia problems • Big decommissioning spend begins •
On July 18 Chevron will be millions of tonnes short of required CO2 injection at Gorgon LNG. If the WA Government stands firm the carbon credit bill could approach $100 million.
WA energy policy in Labor's second term may have to tackle tough issues avoided so far, including tariffs, Collie's future, the role of gas, and a path to net-zero by 2050.
Peter Coleman's first move after leaving Woodside is to join the board of oil field services giant Schlumberger.
All the info and a bit of comment on WA energy, industry and climate every Friday