Woodside tips in cash as Labor fights to get its employee into parliament
WA Labor has used the advantages of incumbency to raise $1.6 million since May, ahead of a by-election in the once safe seat of Secret Harbour.
The Woodside-operated remote Browse gas fields off the Kimberley coast have been planned to supply various LNG projects over two decades without success, held back by cost, distance and a high level of carbon dioxide in the gas. BP is the major shareholder.
Asia's fossil fuel industry readies to once again talk up carbon capture and storage (CCS) as the technology that lets us keep burning coal and gas, while still hitting our climate targets.
Australia's most gas-dependent state can be well supplied for decades without drilling near Scott Reef or fracking the Kimberley, according to an exclusive analysis by Boiling Cold.
New technology has made worse-case oil spills near pristine Scott Reef "only a mere theoretical possibility," according to Woodside.
Any further delay would enrage the oil and gas industry, but process shortcuts could lead to any approval being challenged in court.
Carbon storage has gone from "high-risk" to the preferred option at the controversial gas export mega-project.
Woodside will buy Chevron's one-sixth stake in the North West Shelf project and relinquish its stake in the Wheatstone LNG project to the US major.
On the occasion of recent WA treasurer Ben Wyatt joining the Woodside board Boiling Cold reviews the top 10 wins for Woodside from WA Labor's first term.
Woodside wants to sanction its $US11.4 billion Scarborough LNG project in 2021, but a legal challenge to regulatory approval for years of carbon emissions could put it in a two-year legal limbo.
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.
BP, unlike Chevron, remains committed to Woodside-operated North West Shelf LNG as it waits to drill nearby Ironbark, but Browse is unlikely to meet its investment criteria.
Cost, climate concerns and delay have killed Woodside's Browse LNG project and now it must negotiate with its old foes, the North West Shelf partners, to ensure Scarborough is developed.
Woodside is struggling to portray itself as both green and gassy with mixed messages about carbon emissions, the threat from renewables and why all the way with LNG is a sound long term strategy.
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