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.
Australia cannot compete exporting difficult to transport hydrogen but could use it locally to make low emissions products like ammonia for overseas markets.
In this week's budget the Morrison Government ignored clean energy and instead took a long-odds bet that carbon capture and storage will allow fossil fuels to carry on untouched by climate concerns.
For every dollar Woodside saved in 2015 selling the Northern Endeavour, the oil and gas industry may have to pay back threefold after the Federal Government moved to protect ordinary taxpayers from the cost of decommissioning the vessel and oil field.
WA will be home to two of the largest green hydrogen electrolysers in the world to feed an ammonia plant and inject the clean fuel into the South West gas grid.
Investors in Australia's offshore oil and gas industry will find it harder to avoid paying to clean up the assets they profited from under draft legislation released today.
While Australia's offshore oil and gas industry grew safety regulator NOPSEMA was troubled by cost-cutting operators, old wells to clean up and dealing with COVID-19.
Woodside boss Peter Coleman said the military of Myanmar where Woodside operates "weren't being heard" and staging a coup was a "difficult decision" for the generals.
President Biden's carbon tariff plan is aimed at China but Australian exporters will be collateral damage unless the Federal Government adopts real measures to achieve net-zero emissions by 2050.
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 Northern Endeavour saga gets murkier: court battles, Cabinet confidentiality, unspecified environmental problems and maybe a hefty bill for big oil and gas.
Resources Minister Keith Pitt plans to stop big oil companies passing on decommissioning liabilities and make them contribute to the Northern Endeavour decommissioning bill.
