Wednesday, December 12, 2012

2012 6364 Referral Decision


  1. Broome is cursed with the most stupid mob of developers anywhere.Why did we have to wind up with the barrel scrapings?This country deserves much better.These idiots belong in Gladstone,lets get rid of the lot of them before everything is ruined.

  2. Media confusion over Browse sale.

    ''What this deal does is to effectively align the partnership around an LNG development,'' he said.

    ''With misaligned partners BHP and Chevron out of the project, and Chinese and Japanese buyers in, the partnership is now effectively aligned on the development of Australia's last major greenfield LNG development.''

    State and federal governments ordered the joint venture to evaluate just one site for the processing hub: the environmentally sensitive James Price Point near Broome


    THE save-the-Kimberley brigade might well have got a warm and fuzzy feeling on hearing that BHP Billiton was quitting its stake in the environmentally controversial $US40 billion Browse LNG joint venture.

    What the brigade thinks of Chinese state-controlled PetroChina being the buyer of BHP's minority position (about 11 per cent on a unitised basis) for a handy $US1.63bn in the Woodside-led joint venture is anyone's guess.


    PETROCHINA has expanded its international alliance with Royal Dutch Shell by snapping up BHP Billiton's 10 per cent stake in the Browse gas venture, in a move that boosts plans to develop the huge project off the West Australian coast using Shell's cutting-edge floating LNG technology.

    After years of friction with Browse operator Woodside Petroleum, BHP said yesterday it would exit the joint venture by selling the "non-strategic asset" to PetroChina for $US1.63 billion ($1.5bn).


    PETROCHINA'S high-priced acquisition of a stake in the Browse LNG project cements the company as a significant player in Australia's oil and gas industry and is unlikely to be the company's last purchase here.

    The deal is the latest in a long line of acquisitions made by China's state-owned energy giants in recent years, with PetroChina and its rivals Sinopec and CNOOC spending an estimated $US70 billion since 2006 to secure oil and gas assets around the world.