Photo Damian Kelly
ACTION OF THE DAY
A MAJOR national bank has been forced to remove more than 100 misleading out of order signs from its ATMs after being targeted by anti-coal activists.
A MAJOR national bank has been forced to remove more than 100 misleading out of order signs from its ATMs after being targeted by anti-coal activists.
A score of ANZ Banking Group machines sprawled across six capital cities were plastered with "out of order" signs on Sunday after campaigners launched their latest bid to draw attention to the bank's funding of the coal industry.
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Buru Energy
ReplyDeleteBuru will get a better idea of what it is sitting on at Ungani with the start of a 3D seismic survey to be carried out by Terrex.
The survey will cover the Ungani and Ungani North structures and will hopefully give Buru an insight into the size and extent of the oilfield.
The survey is expected to take six weeks, with results available two to three months after the completion of work.
Buru has chosen to continue its relationship with Terrex, which recently completed the Asgard 2D survey, also in the Canning Basin.
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Australia too expensive
BP Australasia president Paul Waterman
“Fundamentally, Asia sets the margins you make in a refinery so you have to live with Australian costs and that makes refining more difficult,” he told a business lunch in Melbourne.
Waterman said high costs meant BP could only pursue “great projects and great assets” because average projects didn’t generate the returns and meant disappointment, AFR said.
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Chinese shale gas block auction
At the ministry’s first-ever shale gas auction last year it only offered blocks to state-owned companies, Dow Jones Newswires said.
This time, more than 70 Chinese companies have indicated their interest in the second auction, one third of which are non-state companies, the ministry has said.
Although non-state companies are now eligible to participate, analysts told the news service their success might still be hindered by a lack of sufficient capital.
One analyst reportedly said that "probably no more than 20% of the blocks will end up in private companies' hands”.
China recently set a target of producing 6.5 billion cubic metres a year of shale gas by 2015 from virtually zero this year.
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WORLEYPARSONS shares fell sharply yesterday after the company warned of tightening margins in oil and gas project work and forecast no growth in earnings for the first half of the financial year.
The company’s shares were down 6.15% by the end of trading to to $25.33
Wood said he and retiring CEO John Grill had met with major customers in the oil and gas industry in recent weeks.
“They remain positive about the prospects for the industry and their investment plans,” Wood said.
“They are, however, concerned about escalating costs in key markets such as Australia and
Canada.
“These concerns are making them more cautious in their planning, including a willingness to delay projects to limit escalation of costs.”
OIL SHOCK.
ReplyDeleteU.S. oil output is surging so fast that the U.S. could soon overtake Saudi Arabia as the world's biggest producer, according to experts.
Driven by high prices and new drilling methods, U.S. production of crude and other liquid hydrocarbons is on track to rise 7 percent this year to an average of 10.9 million barrels per day, which would make this the fourth straight year of crude increases and the biggest single-year gain since 1951.
The boom has come as a shock to even the experts.
“
"Five years ago, if I or anyone had predicted today's production growth, people would have thought we were crazy," says Jim Burkhard, head of oil markets research at IHS CERA, an energy consulting firm.
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Oct 23 (LNGJ) - The US Department of Energy granted authority to Gulf Coast LNG Export, an affiliate of oil tycoon Michael Smith's Freeport LNG, to export LNG to nations with a Free Trade Agreement with the US, from its proposed liquefaction plant in Brownsville, Texas
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Oct 24 (LNGJ) - Japanese LNG delivered cargo prices have fallen because of the drop in oil prices to a three-month low. The LNG Journal East Asian delivered cargo price indicator was last at $15.45 per million British thermal units. A free-on-board cargo in Europe would be worth a basic $10.80 per MMBtu, according to National Balancing Point prices, while the US natural gas price was last at $3.50 per MMBtu
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Canadian company floats LNG export from Nova Scotia
Pieridae Energy (Canada) Ltd. has announced plans to develop an LNG export plant in Goldboro, NS.
Goldboro LNG, Halifax, will own natural gas liquefaction and storage, including a marine jetty for loading. The plant, said the company’s first press release, will produce about 5 million tonnes/year of LNG and be able to store 420,000 cu m of LNG.
It will be near the 870-mile Maritimes & Northeast Pipeline originally built to move natural gas from production in Nova Scotia and Atlantic Canada to the US Northeast (OGJ Online, Feb. 7, 2008).
Media in the province have reported that supply for the plant will come from US shale gas plays in the Marcellus through a reversed M&NE pipeline and from Canadian offshore developments Sable Island and Deep Panuke.
Am I missing something or is this the most confused piece of reporting EVER?
ReplyDeleteKimberley MP lashes gas hub protesters
Outgoing Kimberley MLA Carol Martin has come out swinging against Browse gas hub opponents, saying the Broome community is not divided over the proposal and it’s only a small but vocal group causing all the fuss.
Ms Martin, the first indigenous woman elected to an Australian parliament, has told the WA Parliament that she supported a Bill underpinning the Woodside-led Browse project because many indigenous people in the Kimberley region believed it would benefit them, not just state revenues.
Premier Colin Barnett has long argued that a land agreement signed with native title claimant groups, which included a substantial benefits package, was “the most significant act of self-determination by an Aboriginal group in Australian history”.
Ms Martin agreed, saying Aboriginal people needed to take control of their own destiny.
The Kimberley’s indigenous communities were still mired in abject poverty, she said, and they did not want to keep living with a welfare model that was not only humiliating and demoralising, but made some young people feel as if they did not have a future, leaving them contemplating suicide.
After being colonised by “the British“, “do-gooders“, “missionaries” and “industry“, indigenous people were now being colonised by “the bloody greenies” who opposed the hub, who should “go and check the headstones”.
“They have loud voices, they have the media on their side and they have bands,” she said, referring to a recent, free John Butler concert in Broome that anti-hub activists said had been watched online by “tens of thousands in over 65 countries”.
The organisers of the event did not ask the shire for a permit and interfered with an annual surf competition at Cable Beach, Ms Martin said.
“How disrespectful is that?” she asked.
“These people stuffed it up.”
Those who attended the concert were not necessarily opponents of the gas hub, she said.
Ms Martin said she thought it was wrong that some activists had threatened Browse staff and police had been criticised for sending officers to Broome to protect them.
“The public has a right to know what is happening; these people are being assaulted on their way to work and at work.
“It is disgraceful.
“I do not support people who break the law, get arrested, and then stand as if they are some sort of martyr.”
Ms Martin said the “200 people on the news” were not the 17,000 people who lived in the area.
Mr Barnett today said Ms Martin’s speech was one of the most moving and passionate he’d heard in parliament.
It “might not suit the politically correct media that we have“ and “an essentially urban, middle-class Australia”.
“She talked about the famous, the rich and famous who would come to the Kimberly in a self-righteous way as if only they cared about the environment or only they cared about the whales or only they cared about the dinosaur footprints,” he told Parliament.
“And implicit in that is an attitude that we see too often ... that somehow this state is a redneck environment, that we don’t care about heritage, that we don’t care about the environment, and somehow we’re not capable enough to look after marine life in the Kimberley.”
(thats the full article from the west australian)
Where would anyone start with this?It is all rubbish!
Delete1/Broome is not divided.
2/Gas plants stop suicide (again)
3/Indigenous people being "colon - ised" by greenies who need to check headstones.
4/The John Butler concert was in Broome - not Melbourne - and they had no shire permit and it clashed with a surf event.
5/This was disrespectful and they stuffed up.
6/Barnett thought the speech was one of the most moving and passionate he’d heard in parliament.
7/Everything else.
Before Carol Martin and Barnett send the greenies off to check headstones they should read this:
ReplyDeleteGraylands deaths investigated
The Coroner’s Office is investigating nine deaths at WA’s largest mental health facility.
In response to questions from shadow mental health minister Ljiljanna Ravlich in State Parliament today, Attorney-General Michael Mischin confirmed the Coroner was reviewing nine deaths at Graylands Hospital.
“Inquests into two of these matters were commenced in August 2012 and have been adjourned to December 2012,” Mr Mischin said.
“All these matters were reported to the Coroner…and are deemed to be mandatory inquests.”
In reviewing the cases, the Coroner would investigate the quality of supervision and treatment of the deceased while in care.
Sources had told Ms Ravlich that staffing levels at Graylands had been slashed and “cost-cutting” had taken precedence over the well-being of patients.
“Frontline services are clearly been impacted and obviously that is having a negative impact on patient care.”
She accused the Government of neglecting the State’s most vulnerable people.
“The state of mental health care across WA leaves a lot to be desired.
“The Government runs only at about 75-80 per cent of staffing that is required to fully service mental health centres.”
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If there are any people left who do believe Kimberley people will be better off - I feel sorry for them.
Perhaps she should reflect on all the time she spent with one hand up Mary Tarrans back cooking up the most foul divisive plans this community has ever seen.Taking advantage of her megalomania and total lack of morals - just what they needed to get this dirty corrupt scheme up and going.
Time for the polititions and their lackeys to go check the headstones - foul mouthed scum that they are.
And after all that - it's not worth the paper it's written on.
ReplyDeleteOther LNG Facilities and ports on Kimberley coast possible
Date:
Tue, 23/10/2012
Questions asked on the Browse (Land) Agreement Bill 2012 introduced by Brendan Gryllsinto parliament have revealed that other gas Hubs on the Kimberley coast are possible.
This is an appalling travesty of what the Kimberley community have been led to believe.
Answers now reveal that other LNG facilities can be developed along the coast if the gas comes from onshore rather than offshore fields.
A “The Browse (Land) Agreement does not preclude development along the Kimberly coast for purposes other than for those activities indicated in clause 8 of the Browse (Land) Agreement however it is this Government's policy that the Browse LNG Precinct will be developed as a single site for all LNG development on the Kimberley coastline.”
This answer refers to a current Government policy which has no legal stature and can be changed by this government and any future government at any time without reference to the signatories to this agreement.
It will now be imperative that this agreement contained in the Browse (Land) Agreement Bill 2012 be revisited to legally exclude other LNG facilities and ports being built to process gas from onshore fields along the Kimberley coast.
For more information please contact Robin Chapple on 0409 379 263 or 9486 8255– Chris Maher on 0418 905 244
8. Limitation of further LNG Development on the Kimberley Coastline
(a) The State agrees not to:
(i) operate, authorise or permit the operation of; or
(ii) Grant any right, title, interest, approval or permission which would have the effect of authorising, a Gas Processing Facility located on the Kimberley Coastline but outside the LNG Precinct.
(b) In paragraph (a), Gas Processing Facility means a facility for the liquefaction of Petroleum produced from any area seaward of the low watermark of themainland coast of Western Australia, but does not include:
(i) any other facility which uses or refines Petroleum; or
(ii) storage or transportation facilities.
From BCNGC
ReplyDeleteThanks to our friends at the Wilderness Society who issued this :
MEDIA RELEASE
Friday 26 October 2012
Barnett again divides the Kimberley, slanders critics and
ignores passionate speech against gas hub
Yesterday (Friday) the West Australian gave prominent coverage to a speech given in Parliament on Wednesday by the retiring ALP Member for the Kimberley Carole Martin, in which she decries name-calling while referring to opponents of the gas hub as "mung beans".
However, the West gave no coverage to the equally passionate and much less contemptuous speech given on Thursday by retiring ALP Member for the Pilbara, Tom Stephens.
Peter Robertson, WA State Coordinator for the Wilderness Society, said, "After decades of watching the unfolding social and environmental disaster of industrialisation across the Pilbara, and lack of Indigenous benefit, Mr Stephens is in a good position to comment on what Broome and the Kimberley can expect if it is forced to go down the same route.
"Mr Stephens, the first CEO of the Kimberley Land Council back in 1978, said,
'I have by and large stayed out of the issue as it has played out, but my natural inclination is to say that the Kimberley will be the poorer for the advancement of this particular project; in my view, it will be adversely affected.'
"Mr Stephens goes on to point out how companies like Woodside have broken many promises to Pilbara communities and that he believes the gas should be piped to the Pilbara.
"The media coverage of this debate was especially interesting in light of the Premier's comments on Thursday in Parliament following Ms Martin's speech.
"In his comments the Premier ridiculed the "politically correct" media for failing to cover views like Ms Martin's and instead promoting the views of "the rich and famous...from bayside apartments in Sydney...self-righteous...treating this state like a bunch of rednecks...more interested in flollicking whales and long gone dinosaurs."
"Because the Premier's pet project is in a lot of trouble one can understand his contemptuous remarks and his desire to pressure the media to ignore widespread opposition to the gas hub. But as a leader who appears to not like being accused of being a redneck, he ought to acknowledge the validity of views held by people like Mr Stephens who have a long background in the area.
"Clearly Mr Stephens' concerns are not primarily whales or dinosaurs, but the fate of real Kimberley communities, black and white, which will be adversely impacted by this project if it is approved."
Tom Stephens' speech in WA Parliament was an excellent speech from someone with around 30 years of experience as a politician representing the Pilbara and the Kimberley, He also helped form the Kimberley Land Council in 1978. His Speech was a great antidote to the bile presented in the same debate by the current MP for the Kimberley, Carole Martin.
Delete"MR T.G. STEPHENS (Pilbara) [12.25 pm]: I do not want to raise the temperature of this debate. Members have had the opportunity to express their viewpoints during the passage of the Browse (Land) Agreement Bill 2012 and I want to put my case to the house from my perspective, which, I guess, is somewhat unique. I have represented the Kimberley and Pilbara regions now for in excess of 30 years. From my vantage point I have watched those two regions and the way in which development has proceeded and impacted upon the permanent long-term populations of the regions. I will not take anything from the Premier’s departure from the chamber, but it is to the Premier in part that I want to pitch my comments —
We cannot pass this bill, which talks about the hope and promise of development in the Kimberley, without thinking of the missed opportunities that have occurred in the Pilbara. I place on record that in the early 1980s Woodside came to people like me and my party, in opposition and then in government, seeking and obtaining our support for its developments in the Burrup, having given assurances and promises about Woodside’s commitment to train and employ Indigenous people in that part of the world. Woodside said that it would contribute to the protection of heritage sites and build cultural heritage facilities in places such as Roebourne. As I look back over those 30 years, I see a trail of broken promises and a failure to deliver on commitments, although recently Woodside has upped it a notch and focussed on the commitments that it made so many decades ago now.
I have not made much of my involvement in this area before now, but I place on the record for the first time that when I first came to Western Australia, I came via the formation of the North Queensland Land Council in Cairns in 1977. I then worked amongst the East Kimberley Aboriginal people and saw the pressure that they were under as they lost access to country. I explained to their leaders that I had just seen the formation of a land council that might be a way to protect their interests. I spent the next 12 months working with the leadership of the East Kimberley Aboriginal people, before they came together in a mass meeting at Noonkanbah in May 1978. I put together the funds and put to them the recommendation that they form a land council, and I became its first executive director. I provided support for the formation of that land council, as it was an organisation that was simply a struggling group of people. All the Aboriginal leadership came to a massive dance meeting in Noonkanbah; it was probably the largest ever assembly of Aboriginal people in the 100 years of settlement in that region.
cont...
DeleteThe Kimberley Land Council was formed to reflect the hopes and aspirations of those people. I became its first executive director and very much took the riding instructions from the Aboriginal leadership. I did not build myself unnecessarily into the history of that land council. I have watched the land council’s struggles over the years and have watched it get to this point. I am not altogether enthusiastic about the position it is in now. It has allowed itself to be pushed at the point of a gun; that is, in my view the Premier has intervened in issues that could have been resolved differently, simply by saying that if the native title holders do not agree to the project, the government will do a compulsory acquisition. I do not believe that is the way governments should deal with anyone, let alone some of the most vulnerable people in our community.
For me, this project should be delivering a pipeline into the Pilbara. The current conservation values and regional values of the Pilbara could not be any further adversely affected by this project than they have been to this point.
The Kimberley region is a very special region."
For many decades gas was considered to be just a by product of oil production and was simply flared off,but now with the world changing the Saudi's are ready to exploit their gas reserves and could compete in the markets the US have been eyeing off recently.
ReplyDeleteMajor natural gas find by Saudis. A shift ahead?
Saudi Arabia has every incentive to develop its new natural gas discovery in the Red Sea. If it doesn't, it could become an oil importer in the decades ahead.
The Saudis are already ranked 5th in the world for their reserves of natural gas, but they are only ranked 9th in terms of production of the commodity. They account for about 3 percent of world natural gas production. Compared with their oil production (13 percent of world production), there is clear room for growth.
A couple of weeks ago, a Citigroup report said that Saudi Arabia could become a net importer of oil, if current trends continued. That was because of the booming use of oil for electricity production in the kingdom.
..
If this natural gas find is a sign that Saudi Aramco has begun efforts to explore and exploit its gas reserves, this could mark a signal that the country is accelerating its efforts to switch its electricity fuel from valuable oil to the more economically friendly natural gas. Given Saudi Arabia's vast reserves of oil, the geological fact that oil and gas often exist in close proximity, and their close proximity to Qatar's giant North Dome field, we could quickly see Saudi Arabia move up world rankings in terms of proved reserves and production.
This would be a big switch for Saudi Arabia. Gas in that country has been seen as solely a byproduct of oil production: it was flared as waste for decades, though Aramco claims to have reduced this practice over the past 10 years. If Saudi Arabia ramps up its production of natural gas, it would add to the "Golden Age of Gas" as predicted by the International Energy Agency. With significant production growth and a move to export, it could even undercut the potential export market that American firms have been eyeing over the past year.
Although it is early for speculation of such a scale, further developments like these in Saudi Arabia bear watching.
The competition ramps up.
ReplyDeleteMENAFN - Qatar News Agency) Japan and Mozambique are set to exchange a memorandum on technical cooperation in producing natural gas in the southern African country. Mozambique discovered a large gas field last year with potential deposits equivalent to 15 years of Japanese imports.
Additional gas fields have been discovered there. But lack of technology is preventing the country from fully tapping the resources, according to Japan's (NHK WORLD) website. Under the memorandum, Japan Oil, Gas and Metals National Corporation will provide a long-term training program for government officials to transfer technology on exploring for deposits and drilling wells.
With most of its nuclear plants shut down, Japan is buying more liquefied natural gas for thermal power plants. Japan hopes the memorandum will help expand areas of cooperation and lead to a stable supply of liquefied natural gas from Mozambique.
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Gazprom has launched commercial production of natural gas on the Yamal Pensinsula after a huge infrastructure build-up that will enable the Yamal LNG project to proceed in an Arctic area where reserves are estimated to be double the current Russian pipeline supply to Europe.
Arckaringa a possible shale oil bonanza
ReplyDelete--------------------------------------------------------------------------------
Friday, 26 October 2012
IT SAYS a lot about Australia’s petroleum potential when barely known basins can appear with the possibility of multi-billion barrels of oil.
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The Arckaringa Basin is located in central South Australia, about 850 kilometres north of Adelaide.
Linc Energy holds a 100 per cent interest in seven Petroleum Exploration Licences and four Exploration Licences covering 65,000 square kilometres. Many of these were acquired when Linc Energy purchased junior South Australian explorer, SAPEX Limited in 2008.
Following ‘oil shows’ at Maglia-1, Linc Energy is pursuing oil and gas opportunities in the Arckaringa Basin. Linc Energy has commenced an extensive 10 well oil exploration program, which began with the spudding of Haystack-1. A 2D regional seismic program of over 1,000 kilometres has been completed with preliminary results indicating new coal targets. A significant oil shale deposit, approximately 284,000 acres, was discovered within the Stuart Range Formation located in the Arckaringa Basin.
The Cooper/Eromanga Basin is located in north eastern South Australia and is recognised as Australia’s largest and most mature onshore hydrocarbons region. The basin has been supplying Australian gas markets for over 40 years. Linc Energy holds a 100 per cent interest in two Petroleum Exploration Licence applications covering over 6,000 square kilometres of acreage. Over the next five years Linc Energy will conduct over 1,000 kilometres of 2D seismic and drill four to six wells. This will also be supported by geological and geophysical studies including the reprocessing and interpretation of existing seismic data, field data and geochemical analysis.