Tagged

Oil

Oil production in WA comes from condensate produced with gas for LNG plants and dedicated FPSOs: floating production storage and offloading vessels.

Carbon Emissions

Santos' oil Dorado is a lode of Scope 3 emissions

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.

Safety

Equipment failure injures two workers on Woodside's Ngujima-Yin oil vessel

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.

Decommissioning

Government hurries to tow Northern Endeavor away by mid-2023

The Federal Government is seeking a contractor to move the troubled Northern Endeavour oil vessel but first it has to be made safe for towing.

Oil

Santos’ false-start to Dorado FEED meets a deadline

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.

Decommissioning

Oil and gas producers to start paying up to $1B to decommission the Northern Endeavour

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.

Decommissioning

Australian offshore oil and gas industry has a $52B clean-up bill

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.

Decommissioning

Regulator tells Woodside to clean up oil field and may take legal action

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

Decommissioning

Northern Endeavour debacle hits $209M with much more to come

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.

Oil

Montara well problem adds to Jadestone's Australian workload

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.

Oil

Triangle Energy battles for life after BP Kwinana stops refining

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.

BP

Nine takeaways from BP's shock closure of its Kwinana refinery

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.

Decommissioning

Northern Endeavour a “major screw up” by Government: Patrick

The Government has 'screwed up' with the Northern Endeavour oil vessel says Sen. Rex Patrick and the loophole that might cost $370 million remains five years after it was spotted.

Decommissioning

Govt spends $10M to look after Northern Endeavour for an extra month

The burden on taxpayers from the failed Northern Endeavour vessel continues to grow - $10M in one month - while the Government decides what to do next.

Decommissioning

Federal Govt regulates poorly and gets $360M Northern Endeavor clean-up bill

The Northern Endeavor mess started with Woodside paying to rid itself of a rusty ageing asset, ended with a $362 million liability for the Government and in between was a regulatory shambles.

Safety

ENI’s poor maintenance causes marine hazard off WA coast

An eight year wait for ENI's Woollybutt oil field to be decommissioned and poor maintenance have caused subsea kit to surface and pose a danger to vessels.

Decommissioning

Federal Govt paying top-dollar $1.5M a week for failed oil project

Northern Endeavour operator UPS and original owner Woodside are the two biggest recipients of Government spend on the failed oil vessel.

Decommissioning

Sellers of oil and gas assets should stay liable for cleanup: report

North Sea expert recommends changes to stop a repeat of Woodside escaping a $360 million cleanup bill by paying a tiny inexperienced company to take an old rusty asset.

Decommissioning

Northern Endeavour still waiting on Federal Government plan

While the idle Northern Endeavour costs $4 million a month, Government and industry are still talking about how to keep the clean-up bill below a possible $230 million.

Decommissioning

Australia's oil and gas industry will create a $76B clean-up bill

It will cost $76 billion to clean up after Australia's oil and gas industry, with a good chunk to be borne by taxpayers, and no one is in a hurry to start the work.

Oil

Failed oiler Northern Endeavour owes $165M

A debt of $165 million and unpaid employees can be added to a massive decommissioning liability as the cost of Northern Endeavour's short life after Woodside.

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BHP doubles down on high margin oil and gas

While BHP's dominant mining arm wants to be seen to be greener its highly profitable petroleum arm is not slowing down.

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Carbon investor stampede can't be stopped

Gas will likely be the “last man standing for hydrocarbons”, but there are questions over its long term future as a “transition fuel.”

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Cutbacks and haste spell danger on Northern Endeavour

Maintenance cutbacks and pressure to resume production made the Northern Endeavour oil vessel a dangerous place to work.

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Norway's trillion-dollar oil and gas trick that Australia missed

From the outset, Norway planned to maximise the long term benefit it gained from its oil and gas, unlike Australian politicians who are content with crumbs from the table.