The team behind a planned green hydrogen project to be built near Dongara are hoping to raise $1 billion by the end of the year, while BP is undertaking feasibility on a plant close to Geraldton, less than an hour’s drive north.
Strike Energy has partnered with the Australian Gas Infrastructure Group (AGIG) to build and operate one of the largest onshore gas facilities in Western Australia in a deal worth more than $200 million.
GR Engineering Services has received a contract extension from the federal government for operations and maintenance services at the Northern Endeavour Floating Production Storage and Offtake (FPSO) vessel in the Timor Sea.
Perth-founded Liquefied Natural Gas Ltd is selling its Magnolia offshore LNG asset to a privately held UK company for $US2.25 million ($3.5 million), with the sale also including entities behind the project.
The Australian Renewable Energy Agency (ARENA) has made its latest contribution to the national hydrogen industry with $1.71 million of funding to BP Australia to progress a feasibility study for its proposed renewable hydrogen and ammonia plant in Geraldton.
Shares in oil junior Jupiter Energy halved today after the company blamed day traders and social media activity for a 100-fold lift in its share price in late April, during which its chairman sold all his stock.
Shares in a West Perth-based oil producer with operations in Kazakhstan have increased 70-fold this week, despite the company shutting down production and the collapse in global oil markets, leading to an ASX intervention.
A historic overnight collapse in oil markets has not significantly shaken bigger ASX-listed energy producers today, but it does foreshadow continuing uncertainty for one of Western Australia’s largest export industries.
The Environmental Protection Authority has released its greenhouse gas guidance which maintains its goal of net zero emissions by 2050 but will be flexible in how it is applied, after receiving feedback on a draft it released in December.
National LNG export revenue could fall by as much as 40 per cent in 2021 because of a collapse in the oil price, and the industry is unlikely to emerge as Australia’s saving grace as it did during the Global Financial Crisis.