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.
The safety and economic stakes for Gorgon LNG are high as WA Government inspectors soon head to Barrow Island to check on Chevron's cracked pressure vessels.
Safety regulators knew nothing of cracked pressure vessels at Chevron's Gorgon LNG plant until alerted by media reports and now plan to inspect the equipment themselves.
Thousands of cracks raise questions about the safety of the Gorgon LNG plant and operator Chevron will decide to shutdown or maintain revenue, with the safety regulator on the sidelines.
Cost, climate concerns and delay have killed Woodside's Browse LNG project and now it must negotiate with its old foes, the North West Shelf partners, to ensure Scarborough is developed.
If Western Gas' Equus LNG project does not take off in these tough times neither the small company nor regulator NOPTA have an answer to how making safe the wells is paid for.
Don Voelte does not hold back telling the tale of the east coast gas mess that Woodside wisely avoided and Beach Energy profited from.
Shell has followed BP in thinking its oil and gas assets are now worth much less in a post-COVID more climate-aware world and Prelude LNG is a big contributor to the value destruction.
Delays in offshore oil and gas maintenance after COVID-19 workforce cuts worries safety regulator NOPSEMA and unions, who have pointed to Inpex's Ichthys LNG project as a concern.
Woodside looks at gas to ammonia to fuel coal-fired power stations as concerns grow about the viability of LNG mega-projects.
Peter Coleman's challenges: an ageing plant, high cost gas, partner churn and global forces making the LNG game tougher than anyone envisaged a few years ago.
If Woodside's argument that a reef's environmental benefit outweighs 400 tonnes of plastic in the ocean wins over NOPSEMA then leaving everything on the seabed could become the default option for Australia's oil and gas players.
Woodside's Pluto LNG plant has delivered less that one per cent of its gas to WA due to a 2006 WA Government deal that appeared generous then and looks feeble now.
All the info and a bit of comment on WA energy, industry and climate every Friday