Cyclone damage shuts Jadestone's Stag oil field off WA
The London-listed company may not have fully disclosed to the regulator the full extent of damage to its field off the Pilbara coast.
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. NYSE:CVX.
Santos' Varanus Island is not producing gas. Nor are the shuttered North West Shelf and Wheatstone plants.
Woodside's Pluto project is delivering a tiny sliver of gas to WA compared to other exporters, but the Domgas Alliance wants to change that.
The US giant pretends Labor's policies are thwarting the expansion of its Gorgon and Wheatstone gas plants, which it does not plan to do anyway, to gain leverage with governments.
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 WA environment regulator is investigating unknown amounts of hydrocarbons rising to the surface on the Class A nature reserve.
Chevron's disregard for requirements to use WA labour where practical, and to insist its contractors do the same, has been blasted in WA's Parliament.
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.
Despite local content requirements and a fat profit from Australia, Chevron will now export jobs as well as gas.
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.
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.
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.
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