Western Australia drives Alcoa $US4.1b buy of South32 aluminium business
The US company will have a monopoly over WA bauxite mining and alumina refining, which it plans to operate for 40 years.
ENI's plan to sell out of Australia and leave offshore decommissioning liabilities to others has struck trouble from regulator NOPSEMA and new Government policy proposals.
The Government will spend $130 million to look after the Northern Endeavour in 2021 and has the oil and gas industry in its sights for the total bill of more than half a billion dollars.
The Conservation Council has launched legal action against Woodside and the WA Government that may reopen environmental approvals essential to the Scarborough and Browse LNG projects.
The Northern Endeavour saga gets murkier: court battles, Cabinet confidentiality, unspecified environmental problems and maybe a hefty bill for big oil and gas.
Chevron has another pressure vessel to worry about, this time on the Wheatstone platform, after Gorgon LNG production was slashed this year to fix faulty welds.
Black Mountain expects the McGowan Government to soon waive its gas export ban but fracking the gas must wait for two years of environmental studies.
Chevron slashes more than $US20 billion off its five-year spend due to lower demand and prices for fossil fuels but allocates just 2% of its 2022 budget to the energy transition.
Resources Minister Keith Pitt plans to stop big oil companies passing on decommissioning liabilities and make them contribute to the Northern Endeavour decommissioning bill.
Al Williams will leave Australia to manage Chevron's global reputation after handling numerous crises in his three years in charge of the Gorgon and Wheatstone LNG projects.
Gorgon LNG has emitted 7 million tonnes of climate-warming CO2 more than permitted but Chevron is unlikely to suffer at the hands of lax Australian governments.
Chevron, Santos and Kerry Stokes' BCI Minerals are battling in court over responsibility for gas pipelines supplying 40 per cent of the WA market that traverse the $780 million Mardie salt project.
Jadestone Energy is now two wells down at its Montara field in the Timor Sea where 75% of its production comes from but says it has the cash to work on both Montara and Stag in 2021.
All the info and a bit of comment on WA energy, industry and climate every Friday