BP has stood down contractors working on its biofuel plant just weeks before discovering if its adjacent green hydrogen project will win $1 billion of government backing.
Adelaide-based Beach Energy owns half of the Waitsia and Beharra Springs gas fields in the Perth Basin. Its largest shareholder is Kerry Stokes-controlled Seven Group Holdings.
BP's Ironbark well off WA is a duster with "no significant hydrocarbon shows" killing hopes of gas supply to the North West Shelf LNG plant and crashing shares in Cue and NZ Oil and Gas.
Fortescue and Mitsui appear to have agreed massive emissions cuts with WA's environmental watchdog that is now looking at Woodside and Chevron LNG projects.
