BP has stood down contractors working on its biofuel plant just weeks before discovering if its adjacent green hydrogen project will win $1 billion of government backing.
Santos wants to approve its $2.8B Dorado oil project off WA in mid-2022 but science and the law will provide hurdles to its 165 million tonnes of carbon pollution.
Two Woodside offshore workers were injured when a 500kg load fell after a lifting appliance with unapproved modifications failed but Woodside reported only one injury to the safety regulator.
Santos has "announced" the launch of design work for its Dorado oil project off WA without awarding any engineering contracts. The $2.6 billion project could later supply gas to the mainland.
Australia's oil and gas industry has lost the fight not to bear the full cost of cleaning up after an oil vessel in the Timor Sea with a bankrupt owner.
Much of the $52 billion cost to decommission Australia's offshore oil and gas infrastructure will fall on the Federal Government via the tax system and work has started to boost industry collaboration and find cost savings.
Woodside's own lack of maintenance means it cannot dispose of an 83m-long structure onshore as planned and will instead sink it to be an artificial reef near the Ningaloo Marine Park
The Government will spend $130 million to look after the Northern Endeavour in 2021 and has the oil and gas industry in its sights for the total bill of more than half a billion dollars.
Jadestone Energy is now two wells down at its Montara field in the Timor Sea where 75% of its production comes from but says it has the cash to work on both Montara and Stag in 2021.
Triangle Energy has six months to find a viable route to market for oil that now goes to BP Kwinana or its Cliff Head operation could become a liability for the Federal Government.
The effect of BP closing its Kwinana oil refinery after 65 years will be felt far and wide in the WA economy - especially among workers and other industries, but BP will do just fine.
