31/07/2017 - 07:42

Morning Headlines

31/07/2017 - 07:42

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Gorgon hits capacity as gas projects pick up steam

Australia’s $US200 billion ($250bn) gas export construction boom over the past decade is starting to finally bear fruit, with Chevron declaring that the nation’s most expensive resources project, the $US60bn Gorgon LNG, is running at full capacity and the start of the $US34bn Wheatstone project is imminent. The Aus

Chevron on the cusp of starting up Wheatstone

Chevron has suffered a further slippage in the start-up of its $US34 billion ($42 billion) Wheatstone LNG project in Western Australia, but has told investors that production should commence in August. The Fin

WA faces $2b GST blackhole

The “disappearance” of 60,000 West Australians threatens to blow a $2 billion hole in the State Budget as another perverse outcome of the GST system that undermines the WA economy. The West

Crown faces work safety allegations

James Packer’s Crown Resorts is facing allegations from a former first aid manager that the casino told staff to ignore a domestic violence incident because it involved a visiting south east Asian politician, and did not let a chef attend the first aid office until the end of his shift even though he had serious burns. The Fin

Catholic parents could toss PM from power

The Turnbull government is exposed to a voter backlash in 13 marginal seats along the eastern seaboard that could cost it power after igniting a row with the Catholic education sector that included allegations of church lies and deceit. The Aus

Apple eyes green energy in Australia

Global technology giant Apple is looking at expanding into Australia’s energy market, including a stake in solar and wind projects. The Fin

Trusts tax riles small business

Labor’s plan to impose a 30 per cent tax on distributions from family trusts will hit 198,000 supposed small businesses but many of these are self-classified by high-earning individuals and not actual active businesses, the opposition says. The Fin

Health warned of hospital lead

Fixing the lead contamination at Perth Children’s Hospital was labelled a “critical requirement” as part of the construction contract just two days before the McGowan Government said it would accept the building despite continuing lead problems. The West

Pilbara powers up with new electricity plant

The Pilbara will soon have its electricity come from the most efficient gas power station in the region following the successful commissioning of the new South Hedland power station. The West

 

The Australian Financial Review

Page Labor’s plan to impose a 30 per cent tax on distributions from family trusts will hit 198,000 supposed small businesses but many of these are self-classified by high-earning individuals and not actual active businesses, the opposition says.
Page 4: University of Melbourne economist Jeff Borland, who previously backed unions in the Fair Work Commission’s review of penalty rates, released an analysis of labour force data on Friday that showed more workers were staying in jobs longer and fewer were expecting to leave their job due to a temporary contract.

Page 7: Global technology giant Apple is looking at expanding into Australia’s energy market, including a stake in solar and wind projects.

Page 8: James Packer’s Crown Resorts is facing allegations from a former first aid manager that the casino told staff to ignore a domestic violence incident because it involved a visiting south east Asian politician, and did not let a chef attend the first aid office until the end of his shift even though he had serious burns.

Page 13: More than $1 billion of bets against Australia’s listed retailers will be tested when the earnings season gets under way this week.

Page 15: Chevron has suffered a further slippage in the start-up of its $US34 billion ($42 billion) Wheatstone LNG project in Western Australia, but has told investors that production should commence in August.

Page 29: Private equity and distressed debt firm Lone Star Funds is understood to be one of at least nine parties running the numbers on Network Ten with indicative bids for the free-to-air broadcaster due at the end of August.

 

The Australian

Page 1: The Turnbull government is exposed to a voter backlash in 13 marginal seats along the eastern seaboard that could cost it power after igniting a row with the Catholic education sector that included allegations of church lies and deceit.

Page 7: Environment Minister Josh Frydenberg will meet with the father of teenage shark-attack victim Laeticia Brouwer as he seeks to ramp up pressure on the West Australian government to seek an exemption under federal laws to cull sharks.

Page 17: ANZ chief executive Shayne Elliott will today prepare his 50,000-strong workforce for a radical transformation to reshape the bank’s culture, become a digital leader and revolutionise outdated work practices.

Page 18: Australia’s $US200 billion ($250bn) gas export construction boom over the past decade is starting to finally bear fruit, with Chevron declaring that the nation’s most expensive resources project, the $US60bn Gorgon LNG, is running at full capacity and the start of the $US34bn Wheatstone project is imminent.

Page 24: Media leaders are lobbying the Turnbull government to clip the wings of the national broadcasters in an unprecedented move following mounting anxiety over their effect on commercial operators.

 

The West Australian

Page 3: The “disappearance” of 60,000 West Australians threatens to blow a $2 billion hole in the State Budget as another perverse outcome of the GST system that undermines the WA economy.

Page 4: Premier Mark McGowan is coming under increasing pressure from Australia’s biggest banks not to impose a SA-style bank tax, with the head of the country’s banking lobby to fly into Perth for meetings.

Page 5: WA has recorded the dubious title of being named the country’s methamphetamine-related death capital, with research showing the State accounted for one-quarter of total drug deaths nationwide.

Page 6: The Federal Government faces “annihilation” at the polls in WA unless it takes action on GST, the State’s leading business lobby group has warned.

Page 14: Fixing the lead contamination at Perth Children’s Hospital was labelled a “critical requirement” as part of the construction contract just two days before the McGowan Government said it would accept the building despite continuing lead problems.

Business: WA has the opportunity to develop expertise essential for energy markets from Onslow to New York, according to the head of the State’s regional power producer.

The Pilbara will soon have its electricity come from the most efficient gas power station in the region following the successful commissioning of the new South Hedland power station.

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