Asia's fossil fuel industry readies to once again talk up carbon capture and storage (CCS) as the technology that lets us keep burning coal and gas, while still hitting our climate targets.
The Perth-based LNG specialist operates the North West Shelf and Pluto LNG projects and is developing the Scarborough and Browse fields. It also has a 50 per cent stake in ExxonMobil's Bass Strait operation and substantial interests in the US and Mexico.
Delay to Woodside's big growth bet on the "Burrup Hub" Scarborough and Browse LNG projects looks more likely with Woodside warned not to overspend as its partners trim their budgets.
The WA Government wants to lure industry to WA with cheap gas just as the oil price plunge puts further supply from Woodside's Scarborough and Browse projects in doubt.
The first bill of $10 million bill is due for the failed Northern Endeavour as it is revealed that Woodside's sale of the vessel four years ago required no government approval.
Chevron boss Mike Wirth is not distracted by renewables as he pushes for more and lower cost production and looks to move gas through Woodside's Scarborough project.
If the Federal Government had been alert the financial failure of the Northern Endeavourur would not have been a surprise. Now Canberra has a huge bill for its omission.
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.
