Mark Beyer and Mark Pownall discuss the GST debate, the iron ore market, the energy transition and the new debate over uranium mining, Maali Group's collapse, apartments in Scarborough and the Shenton Quarter project.
A domestic biofuels industry will help to shield Australian growers from a decline in demand for oilseeds from overseas fuel markets as they transition to electric vehicles.
BP's Kwinana biorefinery has been recommended for approval by the EPA, but the project will be watched closely to ensure it meets emissions reductions goals.
The list of renewable hydrogen projects eligible for a share of $2 billion worth of Commonwealth funding has been whittled down to six, with two Western Australian projects making the cut.
The federal government has tipped $70 million into bp's proposed Kwinana green hydrogen hub as the development enters the front-end engineering and design phase.
The state government is probing what needs to be done to ensure the latest attempt to establish a bioenergy industry in WA doesn't suffer the same fate as efforts nearly two decades ago.
BP appears confident its plans for a renewable fuels biorefinery at Kwinana will meet environmental objectives, as a period of public comment opens on the proposed project.
Buru Energy's coffers are poised to swell by $4 million through the sale of a 72,500-barrel batch of Ungani oil to global giant BP. With the batch now lifted to ship, Buru is also set to assume full ownership of the Kimberley region oilfield, with joint venture partner Roc Oil to hand over its 50 per cent interest and approvals expected next month.
BP has called on government support to improve infrastructure as it presses toward a final investment decision for its H2Kwinana hydrogen hub next year.
Land in the Pilbara has been allocated to seven companies, including Posco, BP, Fortescue and Tees Valley Lithium, hoping to build $70 billion of projects.
JV partners Triangle and Pilot Energy could lodge a formal application to use the company's Cliff Head oil reservoirs as carbon storage tanks in the next few weeks after finalising the regulatory approval data required for the submission. The producer's oil fields are currently churning out about 700 barrels of oil per day but once depleted it is hoped they will be used to progress the partnership's clean energy initiatives.
The Cliff Head joint venture between Triangle and Pilot Energy continues to deliver the goods with the duo completing its fourth tanker load of 26,500 barrels of oil onto the AB Paloma vessel at the Port of Geraldton in WA. Triangle Energy holds a 78.75 per cent share in the partnership and says the ship is now stocked with 53,000 barrels of oil and is on its way to a refinery in Asia where it will be sold.
WA oil producer Triangle Energy closed the September quarter on a high, completing a flurry of activity including its first oil delivery to a refinery in Thailand using a new shipping route, acquisition of two onshore exploration permits and banking a slice of a $6.9 million pay packet courtesy of oil sales associated to its Cliff Head joint venture partnership with Pilot Energy.
A Woodside-led cohort of oil and gas majors has been granted a permit to evaluate the potential of turning a depleted gas field off the coast of Dampier into a carbon capture and storage project .
BP will take the lead on what is touted to become one of the world's largest renewable energy hubs, after the oil and gas giant took a stake in the Asian Renewable Energy Hub in the Pilbara.
Alannah MacTiernan has returned from promoting WA's green hydrogen potential in Europe more confident than ever the state can develop the industry, including manufacturing electrolysers.
Scott Morrison has used his trip to Western Australia to announce grants for eight businesses in the mining and energy sector, with the biggest grants going to two new hydrogen hubs.
Woodside hopes to make ethanol from carbon emissions through a deal with two US businesses, while BP recently signed Honeywell for green diesel technology at the old Kwinana refinery site.
WA Liberal leader David Honey has labelled a proposed $117.5 million effort to establish two hydrogen hubs in the Pilbara and Mid-West an “embarrassing pipedream.”
A second large carbon capture and storage project could be built in the north west, with Woodside Petroleum, BP and Japanese investors to scope a new facility.
Electricity network and port upgrades will be critical to get a potential 1 million tonne BP ammonia export project near Geraldton off the ground, according to a feasibility study.
A bushfire warning for Kwinana has been downgraded, after hundreds of local employees were earlier asked to stay home to avoid the risk of toxic fumes.
The Australian Workers' Union has called on the federal government to help save BP's Kwinana Refinery after a new industry support package was announced this morning.
