BP puts $1b Kwinana hydrogen and clean fuel projects on ice
The two projects will be "recycled" amid BP's concerns about costs and government policy.
Most gas in Western Australia is produced offshore and exported as LNG, with some reserved for domestic use. Production from the onshore Perth Basin is increasing. WA is the most gas-dependent state in Australia.
Local industy in Australia's largest gas-exporting state is concerned gas producers are prioritising exports at their expense.
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 Japanese energy giant is cherry-picking data to justify its gas growth plans.
The ten-year forecast stops short of when gas could become very scarce and expensive in Australia's most gas-dependent state.
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.
WA hydrogen minister Alannah MacTiernan believes a viable green hydrogen industry will build community support for the State's economy relying less on gas.
Andrew Forrest's Squadron Energy is pulling out of plans to frack the Kimberley for gas citing climate concerns, but the minor partner may continue the work.
BHP and Woodside are negotiating the complete transfer of BHP oil and gas assets in exchange for Woodside shares, but the deal is not done, indicating last-minute brinksmanship across the negotiation table.
Employees across Woodside lost their jobs today, with many more expected to follow, as chief executive Meg O'Neill chases a 30 per cent cut in operating costs.
WA energy minister Bill Johnston sees no current alternative to gas for dispatchable power and wants to use low prices to lure more gas-hungry investments to WA
Santos and ENI are looking for solutions for CO2 and removing old facilities in the waters north of Darwin. Time will tell if the problems are solved or just delayed.
Vikas Rambal's Perdaman has surprised doubters by signing up Incitec Pivot to take the full output of his proposed Karratha urea plant.
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