Sales from Western Australia’s minerals and petroleum industries totalled $114 billion in 2014, up $200 million from 2013, according to the latest industry snapshot from the Department of Mines and Petroleum.
Energy Minister Mike Nahan’s announcement earlier this week of the government’s planned introduction of greater competition to the electricity sector has already spurred the growth prospects of one market entrant.
The state government has announced its intention to phase out its $500 million-plus annual electricity subsidy within the next four years, paving the way for deregulation allowing households to buy their electricity and gas from competing suppliers.
Unions claim to have played a major role in ensuring an increase in the number of Western Australia-based workers building a 900-kilometre pipeline for Ichthys liquefied natural gas project off Darwin.
East Timor’s resources minister Alfredo Pires has revealed new studies by his country show an onshore liquefied natural gas plant for Woodside’s shelved Sunrise project is a commercially viable option.
Iron ore rivals BHP Billiton and Rio Tinto are united in their forecast more high-cost producers will leave the market, but have stopped short of predicting how Western Australia’s higher-cost producers will fare over time.
Alcoa of Australia has signalled its long-term commitment to Western Australia, signing a new gas supply agreement with Santos at the same time as a review revealed the global aluminium giant is considering big job cuts.
Alcoa chairman Alan Cransberg has called on businesses to take responsibility for ending domestic violence through workplace initiatives, in an address to the Chamber of Minerals and Energy’s Women in Resources awards today.
Businesses in the Pilbara are increasingly recognising the value to their bottom line offered by solar and other energy efficiency measures, according to green bank Clean Energy Finance Corporation chief executive Oliver Yates.
The resource sector’s safety record has been brought into doubt after a contractor was crushed while working at a liquefied natural gas plant and hospitalised, but the incident was not recorded as a lost-time injury.
Engineer, entrepreneur and restaurateur Michael O’Hanlon has declared he will run for the position of Perth lord mayor at the October election, based on an ambitious three-point economic plan for the city.
Synergy chairman Lyndon Rowe has mapped out a detailed agenda for energy market reform, saying there would be catastrophic consequences if the government did not tackle market players with vested interests.