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.
Chevron's Gorgon LNG project on Barrow Island began operating in 2016 has the world's largest carbon capture and storage system dedicated to emissions reduction.
Santos' Varanus Island is not producing gas. Nor are the shuttered North West Shelf and Wheatstone plants.
Rising gas prices resulting in job losses are inevitable unless the WA government mandates more supply from gas exporters.
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 WA environment regulator is investigating unknown amounts of hydrocarbons rising to the surface on the Class A nature reserve.
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.
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.
Shell, Exxon and Chevron are big players in Australian oil and gas and being forced to decarbonise sooner will affect their local operations, with a possible king hit to Prelude.
All the info and a bit of comment on WA energy, industry and climate every Friday