The Environmental Protection Authority has recommended that operators of future major projects in Western Australia pay to offset their carbon emissions, in order to help Australia meet its climate change obligations.
Major changes to government policy after the federal election could risk future investment in backfill gas projects, some of which are already quite marginal, according to Shell Australia chair Zoe Yujnovich.
Western Australia will know as early as next year if Woodside Petroleum's Scarborough, Pluto and Browse gas projects, worth a combined $36 billion, will be given the green light, as the business posted a 28 per cent rise in profit today.
Carnarvon Petroleum has launched a $50 million share placement, with the funds set to primarily progress the commercialisation of the Dorado oil discovery, as part of its Phoenix project, located in the North West Shelf.
Perth-based consulting firm Sustainability and Brisbane-based sub-consultant OSD have been contracted by the European Bank for Reconstruction and Development to work on a major gas pipeline in Eastern Europe.
Engineering firms Wood and KBR have secured a multi-million dollar contract for the Crux gas project, confirming Shell's desire to accelerate development of the gas field located 160km off the Kimberley coast.