Saturday, August 25, 2012

Saving the Kimberley's dinosaur treasures | Rachel Siewert

Saving the Kimberley's dinosaur treasures | Rachel Siewert: Australian Greens Senator Rachel Siewert speaks about the 130 million year old dinosaur prints that are being threatened by the development of an LNG hub at James Price Point.

Some of the largest dinosaurs to have walked the earth are responsible for these prints. The significance of this area is still being discovered, as shown by results released in Broome over the weekend.

2 comments:

  1. If you haven't seen one this is the official response from Shell re JPP and their Chevron buyout.

    Dear ^^^^^^,

    Thanks for your email.



    Shell, along with the other Browse participants, is working to meet the conditions imposed by the Federal and State Governments on the renewal of the Browse retention leases. One of these conditions requires that we select the development concept where gas is processed at James Price Point, unless we can demonstrate that an alternative development concept is likely to be commercially viable at an earlier date.



    Right now, we’re working with Woodside, as operator, through the Front End Engineering and Design (FEED) phase for James Price Point. We will know more at the end of the FEED process.



    Along with this process, it is very important to take into account all the technical, social, economic and environmental factors involved in such a complex development. Shell understands this, and supports this work. We will consider next steps once the FEED process is complete.



    We recognise and appreciate your connection to the region.

    Thank you for contacting us.



    Regards,



    Melinda



    Melinda Hayes

    Upstream Communications Advisor | CX-UIZ
    Shell Development (Australia) Pty Ltd

    2 Victoria Avenue, Perth WA 6000



    Mail: GPO Box A47 CDC, Perth WA 6837
    Tel: +61 (0) 8 9338 6972

    Mob: +61 405 314 125
    Internet: www.shell.com

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  2. If things in China really were in top gear it would be reasonable to expect these 2 companies to be doing well.

    PETROCHINA Co's second-quarter net profit fell more than a fifth due to lower crude rates and refining losses, as it warns the energy industry's outlook remains uncertain amid a global slowdown.

    The road to a global economic recovery will remain sluggish and tortuous in the second half of 2012," PetroChina said, adding that it expects the Chinese economy to continue growing slowly.

    Net profit in PetroChina's natural gas and pipeline segment tumbled 84.7 percent to 1.64 billion yuan in the first six months of the year.
    ...

    HONG KONG—Cnooc Ltd. posted a 19% decline in its first-half net profit on Tuesday

    Despite the decline in output, Cnooc said it expects to meet its 2012 production target amid an aggressive strategy of acquiring overseas shale-gas and oil assets. Its confidence in meeting the output target is underpinned by 10 new oil- and gas-exploration discoveries in offshore China so far this year as well as the planned acquisition of Nexen, announced last month.

    All 3 of China's biggest oil and gas companies are into the US and Canada shale gas in a very big way.

    China's big three energy producers—Cnooc, China National Petroleum Corp. and China Petroleum Corp. —have secured multibillion-dollar deals in recent years to buy into shale-gas and oil assets in North America, giving their energy-thirsty nation a foothold in a region known for innovative new drilling techniques

    The shale-gas industry is still in its infancy in China, but the Chinese government has made shale gas a cornerstone of its five-year energy plan, aiming to boost production from no commercial output today to 60 billion cubic meters a year by 2020.

    IT IS VERY INTERESTING HOW BARNETT CALLS ON CHINA TO FUND HIS FAILED PLANS EVERY TIME THEY FALL OVER.

    THE TRUTH IS THE CHINESE HAVE BEEN BURNT TO THE TUNE OF ABOUT 12 BILLION ON AUSTRALIAN PROJECTS,SO BAD IS IT THAT THE CHINESE HAVE SET UP A BOARD TO REVIEW ALL FUTURE INVESTMENTS TO PUT A STOP TO THE MASSIVE LOSSES.

    HOW WILL BARNETT SELL JPP GAS AT $17 UNIT TO THE CHINESE WHEN US GAS WILL COST THEM ABOUT $10 UNIT,THEIR OWN FRACCED GAS $2 AND RUSSIAN "PIPED IN" AT $4 ???

    AFRICA IS KILLING US TOO.

    HOW WILL BARNETT SELL JPP TO INVESTORS AT A REAL RATE OF RETURN OF 10%,MAYBE LESS,FROM JPP,WHEN THE PEOPLE LENDING THE MONEY WANT 15% ???

    And given the pressure Kloppers is under would he be mad enough to try and sell his shareholders a project with 10% real rate of return,when there are options to give BHP 15% ???

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