Cash-poor Kimberley fracker Black Mountain expects WA decision soon
The US-owned company is seeking funds from investors to stay a going concern while it awaits state and Federal approval.
Gas will likely be the “last man standing for hydrocarbons”, but there are questions over its long term future as a “transition fuel.”
Stephen Edwell, the independent chair of WA's energy transformation taskforce, has just a few years to stop a solar surge overwhelming the South West power grid.
WA is the only state in Australia with rising emissions on the back of new LNG projects that will make meeting Paris Agreement emissions reductions very dificult.
Chevron is preparing to shed about 400 employees from its WA business, just months after approving a new construction project and backing an LNG jobs initiative.
Shell’s Prelude floating LNG vessel and Inpex’s Ichthys LNG plant in Darwin have moved closer to production with the cooling of their plants with LNG.
Two of the biggest players in WA’s gas-propelled economy, Woodside Petroleum and Alcoa, are starting to look to renewables to slash their gas use as doubts rise about how big a role the fossil fuel will play in the transition to clean energy.
A decade after fire seriously threatened WA’s power grid, much has changed to make it more reliable.
In 2007 WA lost 30% of its gas supply, and Apache Energy workers were lucky not to lose their lives, after a corroded gas pipeline failed and produced a gigantic explosion.
Chevron has paid the Australian Taxation Office $US654 million ($866 million) under a partial settlement of its dispute with the tax office over intercompany loans and slashed the interest rate it charged its Australian subsidiary.
WA’s charge into the battery minerals industry is gathering pace, with Kidman Resources and Chilean lithium giant SQM looking to build Kwinana’s second lithium refinery.
Inpex’s Ichthys LNG project will cost $53 billion, $8 billion more than planned, and may not see substantial production until early next year in a blow to the Japanese operator that is waiting on the Darwin plant to more than double its cashflow.
Canning Basin oil producer Buru Energy wants to partner up for oil exploration in the wake of its joint venture with Mitsubishi ending.
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