A Perth Basin gas project jointly owned by Gina Rinehart’s Hancock Energy and John Poynton-chaired Strike Energy has been granted a key state approval.
Speculation around a Middle Eastern takeover of Australian oil and gas play Santos led the company’s share price higher in ASX trade today, despite doubt over whether a move will be made.
Woodside and Baker Hughes will extend their Australian relationship for a further decade, after striking a 10-year frame agreement to build on a relationship which started in 1989.
Woodside Energy says it paid $4.35 billion worth of tax in Australia in 2023, with data released amid sustained criticism over the economic contribution of LNG producers to the WA economy.
The gap between contractor and company delivery deadlines is closing at the Waitsia gas project in the Perth Basin, but Beach Energy says the long-awaited development remains on track for production in early 2025.
Woodside Energy has achieved first oil at its Sangomar field in Senegal, an offshore project with an estimated cost of up to $US 5.2 billion or $A7.9 billion.
Curtin University will receive $6.4 million over four years from the Gorgon gas project’s joint venture partners to operate Western Australia’s new GreenTech Hub initiative.
Premier Roger Cook has highlighted the need to incentivise investment in the state while playing down the findings an Australia Institute report targeting the lack of royalties paid on LNG in WA.
Woodside Energy has secured a US$1 billion ($1.5 billion) loan agreement with state-owned Japan Bank for International Cooperation to support development of the Scarborough project.
Shell Australia has launched legal action against Woodside Energy and Paladin Resources, claiming a $86.6 million compensation for the levy it paid over the Northern Endeavour.
Wesfarmers Chemicals, Energy and Fertilisers will divest parts of its Kleenheat business, including EVOL LNG, but will keep its natural gas retailing service and Kwinana facilities.
Strike Energy has recovered the development cost of its Walyering gas project in the Perth Basin after just eight months, a timeframe the company says is among the fastest in recent history.
A key Perth Basin gas producer has hit back at the state’s major gas users for seeking to block LNG exports from onshore projects, accusing them of cartel-like behavour.
The alliance representing the state’s largest domestic gas users is ramping up its campaign to keep onshore gas in WA, as the premier’s stance on the issue appears to be wavering.
Opposition leader Peter Dutton has accused the government of betraying its words with actions on gas policy, while outlining a plan to “turbo charge” the nation’s energy and resources sectors.
Santos boss Kevin Gallagher wants government to let the free market drive decarbonisation, claiming an agenda against fossil fuels will not facilitate an effective transition.
Woodside Energy chief executive Meg O’Neill has hit out at the Greens for their role in delaying approvals consultation reform which would deliver clarity to the oil and gas industry.
Alcoa has progressed its $3.4 billion acquisition of Alumina Limited, amending the terms to cover CITIC affiliates obtaining a small percentage of non-voting shares.
UPDATED: The Japan-based head of Ichthys gas project operator Inpex has backed in Australia’s place as a regional gas supplier, but warned delays could come as a result of environmental policy challenges.
Federal Resources Minister Madeleine King says Australian carbon capture progress to date is disappointing but has backed the technology’s role in the nation’s net-zero by 2050 ambition.
Chevron will contribute gas from its Gorgon project on Barrow Island to the WA domestic market beyond its on-paper obligations, but it holds fears over federal project uncertainty.
Oil and gas play Santos has revealed it will chop 200 mostly-Perth based jobs, as part of a cost-cutting measure undertaken in response to slow project approvals.
The oil and gas industry is projected to pay $17 billion in tax this financial year but a think tank claims government subsidies for fossil fuels are eating away a bigger revenue.
A demand uptick has prompted energy industry service provider Baker Hughes to revive its local offshore oil and gas drilling service offering for the first time in more than five years.
The federal government has formalised its view of gas as an energy transition fuel, committing to new projects as a means of maintaining reliable and affordable supply beyond 2050.
An assessment panel has approved Woodside Energy’s proposal to build a carbon farm in the Shire of Gingin, days after the oil and gas giant dealt with tensions over its climate action plan.
Carnarvon Energy hopes a final investment decision will be made on the Dorado oil project by the end of 2024, as the Santos-led joint venture explores cost reduction at the field.
