US oil and gas supermajor Chevron is the major LNG producer in WA with its Gorgon and Wheatstone LNG projects and a share in the North West Shelf project.
The $2.3 billion-plus decommissioning on a WA nature reserve will be part-funded by the Federal and WA governments returning about half the royalties they received over six decades.
The US giant, which made $8 billion in Australia in 2024, is forcing its subcontractors to follow its example and send Australian engineering jobs overseas.
WA Premier Roger Cook's core "Made in WA" election policy will be tested by his use of local content provisions to keep Chevron's WA engineers working in WA.
The environmental watchdog is set to remove restrictions on climate pollution in months but is much slower looking into concerns about quarantine and turtles on the Barrow Island nature reserve.
Santos and Chevron, through Varanus and Barrow Islands, have a big part to play in the clean up of 1000 oil and gas wells in WA, with about 300 ready to be plugged now.
On July 18 Chevron will be millions of tonnes short of required CO2 injection at Gorgon LNG. If the WA Government stands firm the carbon credit bill could approach $100 million.
A $6B high-tech subsea compression system will keep Chevron's Gorgon LNG plant supplied with gas but little of the massive spend will occur in Australia.
Chevron's Gorgon should be a showpiece of carbon capture and storage but five years after first LNG it is still not working properly and has another five-month extension from the regulator.
