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.
Australia is the one of 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.
With only one growth option Woodside is selling Scarborough LNG hard, but is it a sensible investment in a world moving to tougher action on climate?
Tomorrow Peter Coleman must convince investment analysts that Woodside has a credible growth plan with Scarborough LNG, and that will take more than spin about a few approvals.
Chevron prepares to restart a Gorgon LNG train after losing more than $500M of production to repair faulty welds. Two trains to go.
South Korea, Japan and China's tightened climate goals will crunch Australian thermal coal, make LNG investments harder and possibly kill Santos' Barossa LNG project.
A $40 billion market for Australian coal and LNG exports just became less welcoming with Japan's commitment to zero carbon emissions by 2050.
Japan's JERA, the major buyer of Australian LNG, has embraced zero emissions by 2050 in another signal that the clock is ticking on this major export.
Prospects for LNG are under a shadow if Paris Agreement emissions cuts are pursued, according to the IEA, leaving Woodside and Santos in a very dark place.
Researchers at the University of WA are helping to keep the cost of new gas to LNG plants down by allowing longer tiebacks without expensive compression.
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.
BP, unlike Chevron, remains committed to Woodside-operated North West Shelf LNG as it waits to drill nearby Ironbark, but Browse is unlikely to meet its investment criteria.
Welders will have to grind out and redo repairs at Gorgon performed to an incorrect procedure provided by Chevron and the delay could cost up to $250M.
Shell's Prelude floating LNG has stumbled on the road back to production after a failed seal caused subsea wells to be shut-in days after they were opened.
All the info and a bit of comment on WA energy, industry and climate every Friday