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 credibility of estimates from US giant Chevron of the tax it will pay for its LNG production has been undermined by questions from the Senate committee on corporate tax avoidance.
According to Mines and Petroleum Minister Bill Johnston, the onshore oil and gas industry needs to get the community behind fracking.
A subsea oil well that leaked for up to two months off the Pilbara coast in 2016 belonged to the Woodside-operated North West Shelf project.
Macquarie and Brookfield will have to sell exploration potential in their $4 billion float of Quadrant Energy amid concern its domestic gas plants could run dry in as little as six years.
Woodside chief executive Peter Coleman believes WA has enough gas to keep the North West Shelf LNG plant exporting and the local market supplied.
Woodside does not support the use of artificial structures aimed at avoiding or minimising tax, the company’s CFO told a Senate inquiry.
A once-in-a-lifetime migration of LNG production vessels from Korea has begun, with waters off WA the destination for the Ichthys and Prelude projects.
Chevron is challenged to meet Wheatstone LNG first LNG target as it continues fixing piping systems on the offshore platform.
In early 2017 Chevron's rush to ship the first LNG from the $US54 billion Gorgon project to meet its chief executive's deadline had disastrous consequences.
A second key contractor has walked away from Inpex's $US37B Ichthys LNG project, taking 800 workers, over a payment dispute.
Greens spokesman for Aboriginal issues and mining Robin Chapple said existing requirements for heritage surveys were excessive.
Australia's Petroleum Resources Rent Tax has incredibly generous annual uplifts in allowable deductions that will likely see little or no payments from its offshore LNG projects.
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