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.
The $US37 billion Ichthys LNG project is on track to start up next March as its two giant vessels moored about 200km off the Kimberley are readied for production.
Chevron chief executive John Watson says his company should have done more engineering and planning before it sanctioned the Gorgon LNG project in 2009.
Too much hot air around the LNG trains on Barrow Island has caused Chevron to flag a production cut at Gorgon as the US giant tackles problems onshore and offshore.
Chevron’s Gorgon project has to start injecting CO2 underground or it can emit more CO2 than all of Collie’s coal-fired power stations.
From the outset, Norway planned to maximise the long term benefit it gained from its oil and gas, unlike Australian politicians who are content with crumbs from the table.
Concerns about potential oil leaks caused the safety regulator to bar workers from an area of the MODEC Venture 11 floating production facility off WA for over a week.
Chevron may boost gas production from its Jansz-Io field to Gorogn LNG with subsea compression technology used just once before in Norway.
Chevron has surrendered in its $1B fight over interest charged on inter-company loans, leaving an emboldened ATO ready to tackle more multinationals for a predicted $10B haul.
The Inpex-led Ichthys LNG project will export $195 billion of LNG, LPG and condensate over 30 years but it will not pay Australia anything for the gas it extracts.
Woodside and ConocoPhillips are gravitating toward the cheapest development options for their Browse and Barossa gas fields to compete with low-cost Qatar.
The State’s work health and safety laws will undergo a major revamp, streamlining three Acts into a single one more consistent with national legislation.
Designing Shell's Prelude floating LNG project involved shrinking a complex LNG plant and making it safe in cyclonic seas on top of the world's largest offshore facility.
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