The way Australia taxes gas production is stuck in the past
The existing tax, PRRT, fails to capture a fair share of our vast gas exports.
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.
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.
Safety regulator WorkSafe does not know when it will receive test results so four workers on Chevron's Gorgon LNG plant will know if they have received an unsafe exposure to toxic mercury.
WA's industrial greenhouse gas emissions are dominated by four products and a handful of companies, including a few that have managed to keep a low profile in the climate wars.
Shell's accountants predict the Dutch giant will never pay Australia for gas consumed at the Gorgon and Prelude LNG projects that it can sell for up to about $4 billion a year.
Singapore's Pavilion Energy will buy Australian LNG from Chevron with certified greenhouse emissions, in another sign that Asian buyers are favouring less carbon-intensive gas.
Gorgon LNG's carbon emissions will jump by more than one million tonnes a year until Chevron fixes an underground pressure management problem that caused WA's safety regulator to curtail CO2 injection by two-thirds.
Technical problems at Gorgon and Wheatstone will give Chevron Australia another year of reduced LNG production while US headquarters remains hesitant about the energy transition.
The WA safety regulator has told Chevron to turn down Australia's $3.1 billion showpiece Gorgon LNG carbon capture and storage system until problems are fixed, meaning carbon emissions will rise.
Gorgon LNG has emitted 7 million tonnes of climate-warming CO2 more than permitted but Chevron is unlikely to suffer at the hands of lax Australian governments.
Chevron prepares to restart a Gorgon LNG train after losing more than $500M of production to repair faulty welds. Two trains to go.
Chevron this week avoided a total shut down of its Gorgon LNG plant after it received final regulatory approval for delayed repairs to faulty welds.
All the info and a bit of comment on WA energy, industry and climate every Friday