LNG
Woodside's future hangs on the NWS exit rush Chevron started
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.
The Woodside-operated North West Shelf project near Karratha exported Australia's first LNG cargo in 1989 and now has five trains and a domestic gas plant.
LNG
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.
Decommissioning
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 Petroleum
Woodside has heavily pruned its critical offshore maintenance teams leaving casual workers facing an uncertain future.
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Woodside chief executive Peter Coleman told investors his Browse and Scarborough LNG projects stood up with a $US40/t carbon price, but the fine print was a different story.
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The next wave of LNG investment off WA will be subject to more government direction under a “use it or lose it” approach.
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Some of the biggest oil and gas companies in the world are playing an expensive game of brinkmanship in the North West of WA.
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Buck-passing between oil giants over who pays for the upkeep of the ageing North West Shelf LNG plant has emerged as the biggest hurdle to Woodside sending its Browse gas to the facility.
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A subsea oil well that leaked for up to two months off the Pilbara coast in 2016 belonged to the Woodside-operated North West Shelf project.
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Woodside chief executive Peter Coleman believes WA has enough gas to keep the North West Shelf LNG plant exporting and the local market supplied.