
Project Management
Woodside limits Scarborough cost bump but is silent on risk
Woodside is now chasing investors in its $US12B Scarborough to Pluto LNG project, but they need to look beyond the headline number.
Australia is the world's biggest producer of liquefied natural gas. The North West Shelf, Pluto, Gorgon, Wheatstone, Prelude and Ichthys LNG projects source their gas from the waters off WA.
Project Management
Woodside is now chasing investors in its $US12B Scarborough to Pluto LNG project, but they need to look beyond the headline number.
Gas
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.
Woodside Petroleum
Buying BHP’s Australian oil and gas assets could allow Woodside to escape its lost decade, but its shareholders and Australian taxpayers should count their fingers after the handshake.
Carbon Emissions
TotalEnergies shipped a carbon-neutral LNG cargo from Ichthys in late 2020 when the Inpex-operated project had massive flaring of gas but will not confirm if the above normal emissions were offset.
Analysis
Crunch time for Australian LNG: True Paris-aligned emissions targets kill demand and ammonia hopes are too small, too late and probably green.
Chevron
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.
Safety
Woodside has found corrosion during a shutdown of the North West Shelf's LNG Train 4 that potentially is a serious concern. It is understood Woodside is now inspecting other trains for the problem.
Local content
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.
LNG
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.
Carbon Emissions
Woodside's Pluto net-zero 2050 plan is greenwashing, leaving 70% of cuts to the last five years despite investors telling CEO Meg O'Neill they want tangible speedy progress.
APPEA 2021 Perth
Santos says attacks on its heavily-polluting Barossa LNG project "should be taken with a grain of salt" but will not substantiate its own claims that emissions have reduced.
WA Government
On the occasion of recent WA treasurer Ben Wyatt joining the Woodside board Boiling Cold reviews the top 10 wins for Woodside from WA Labor's first term.
Industrial Relations
Maintenance contractor UGL has used a clause designed to ensure safety during a strike at Chevron's Gorgon LNG to portray the industrial action as illegal.
Carbon capture and storage
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.
Shipping
In the race to decarbonise iron ore shipping Rio and BHP are chasing incremental improvements with LNG while Andrew Forrest's Fortescue wants zero-emission green ammonia ASAP.
Carbon Emissions
Shell's production of millions of tonnes of carbon emissions by burning excess gas at Prelude LNG 400km off the WA coast will no longer go unnoticed, with satellites now tracking flaring across the globe.