A new carbon target for Woodside’s Pluto LNG has been approved; Chevron has invested in solar; and six carbon capture projects have been granted $50 million.
Woodside says its Scarborough project will be one of the lowest-carbon LNG sources in Australia, as it came under renewed fire from environmentalists today.
Former WA treasurer Ben Wyatt has accepted his third board role since retiring from politics in March, joining Woodside Petroleum as a non-executive director.
There’s strong interest from potential offtake partners for a Mid West urea plant, Strike Energy said today, while it works on deals for water and port access.
Woodside will take a loss of between $50 million and $80 million as it exits its 50 per cent share of the Kitimat project in Canada, after partner Chevron also left the development.
The biggest risk facing Australian LNG exporters is not trade threats from China, rather its the possibility of not having enough gas, a new report has found.
Shell has largely won a federal court battle in a long running dispute with the Australian Taxation Office over its $2.3 billion purchase of Browse LNG assets from Chevron.
Shares in Kinetiko Energy have risen by more than 25 per cent, after the WA business announced plans to take full control of a South African gas project.
Vikas Rambal’s planned $4.3 billion Burrup urea project has signed a big offtake deal, but will be waiting for Woodside’s Scarborough LNG decision before proceeding further.
Seven Group-backed Beach Energy has downgraded its full-year production and earnings targets along with its Western Flank oil reserves, sending shares in both companies down.
Cottesloe company Kato Energy is progressing plans to develop multiple ‘stranded’ oil fields off the WA coast after gaining key regulatory approvals this month.
Woodside chairman Richard Goyder has sought to hose down speculation about an abrupt leadership change after an earlier than expected retirement for Peter Coleman was revealed yesterday.
