Thursday, March 14, 2013

Woodside are back in Country 2013

They're back! Woodside located on Country on the proposed southern pipeline, east side of Manari Road. Woodside are fully committed to invading the sand dunes, Songline and gravesites within the coming weeks. People need to start planning carefully and determine how they intend to participate in the civil actions against Woodside and the state government.

Reid Road block full of brand new hire cars; Woodside accommodation in use.

Please BE OBSERVANT and notify us on the Gasphone if you see anything suspicious or any movement that you feel with be of interest.



  1. The scum had to turn up eventually,but early this year.The FID.

    Shell is in all sorts of trouble with their Arrow JV with Petro China.


    Analysts push marriage pact for GLNG, Arrow

    $US18.5 billion ($17.94bn) Australian natural gas project is short of gas for its export terminal. A rival project nearby without an export terminal needs somewhere to process its gas for export.

    Sound like a recipe for a major deal? Analysts are increasingly thinking so.

    The first project is a liquefied natural gas, or LNG, joint venture in Queensland known as GLNG that includes local player Santos and France's Total. The competing project that hasn't started construction is a joint venture between Royal Dutch Shell and PetroChina known as Arrow Energy.

    Luke Smith, an energy analyst at Commonwealth Bank Equities, reckons GLNG is "uneconomic" in its current form and will struggle to be profitable if it can't find a way to increase its value. "Clearly, there are a range of issues that need to be resolved, but consolidation of GLNG and Arrow could unlock significant value for both projects," Smith says.


    Santos's and Total's venture wants to extract gas trapped in coal seams from thousands of onshore wells and liquefy it at its coastal processing terminal for export to Asian buyers from 2015. Less than halfway through the project's construction timetable, it has announced a $US2.5bn cost blowout because more wells need to be drilled to get the gas supplies than first thought.

    Goldman Sachs, in a December report, predicted more budget overruns at GLNG with a final cost in the region of $US20.6bn. However, Santos chief executive David Knox said last month that he was confident that costs were under control.


    It's no wonder then that investors are increasingly questioning whether Shell and PetroChina's plan for a standalone Arrow development makes financial sense.

    Two other rival projects nearby involving BG Group and ConocoPhillips have also cost billions of dollars more than originally thought.


    Andrew Brown, Shell's upstream international director, said in November "there is no rush" for Arrow to make a final decision on building its own LNG plant. Ann Pickard, Shell's Australia head, hasn't ruled out processing the gas through someone else's terminal.


    All this comes as Santos's shares consistently underperform the rest of the sharemarket because investors are fretting about rising costs, including labour and equipment.


    Smith notes that before Arrow was acquired by Shell and PetroChina for $US3.4bn in 2010, flow rates from wells across its properties were less productive than most in Queensland. That doesn't bode well for a stand-alone development if a rival project with better quality gas reserves is already finding the going tough.


  2. It seems no matter what they do,say or pray,China is set to falter.

    Less steel production = less iron ore

    But also,

    Less steel production = less energy

    So will LNG follow iron ore and coal?

    The downward pressure on oil linked LNG prices continues.

    And all the companies who have invested in overpriced Australian projects are sweating on how they can keep the LNG price jacked up.

    Asia is watching them closely.

    BHP Billiton, Rio Tinto and Fortescue Metals fell 2.3-6.2 per cent on iron ore prices.

    "China's economy is probably going to weaken and their economic growth is less steel-intensive than it has been . . . and eventually it will fall even further," Perpetual's head of investment market research, Matthew Sherwood, said