Barnett battles Shell Browse plan | The Australian:
WEST Australian Premier Colin Barnett is threatening to campaign against Royal Dutch Shell's mounting push to develop the $40 billion Browse project using radical floating liquefied natural gas technology, arguing the move will cost thousands of construction jobs and set a dangerous precedent.
The Anglo-Dutch giant's preference for the Woodside Petroleum-operated Browse project to use FLNG could end the environmental controversy over the use of James Price Point, 60km north of the Kimberley town of Broome, as the site for a major processing plant. But Kimberley Aborigines would lose access to a $1.5bn benefits package if their land at James Price Point was not needed for the project .
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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Rejoice all ye Protectors of Country.
ReplyDeleteWoodside are taking everything out and leaving nothing there for the wet.
The word is the road is only being repaired as they damaged it.
The fencing has been donated to the local pony club,the dam liner has gone to Derby.
The land will be rehabilitated and the last thing out will be the medical centre and a container.
IS IT OVER ???????????????????????????????
Major stoush brews over Browse.
ReplyDeleteAccording to The Australian, Western Australian Premier Colin Barnett is readying himself for a dogfight over Shell’s rumoured plans to develop the Browse field using floating LNG technology.
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Both Shell and Woodside chose not to elaborate on the speculation.
Meanwhile, Shell Australia finance and strategy vice president Michael Carey told the Australian Financial Review it was increasingly worried about the cost of LNG projects in Australia.
He also said Shell would not be looking to gets its shareholding in Woodside off its books any time soon.
Shell currently holds a 23.6% stake in the Australian major.
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Buru hoping the wet stays dry,again!
Buru Energy has told the market that drilling at Ungani North-1 has hit the same shale seal they encountered at the Ungani oil field.
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New Standard Energy is done and dusted at Nicolay-1 in the Canning Basin and is in the process of moving the MB Century Rig-14 to Gibb Maitland-1, where it said it should spud in next month.
It told the market this morning that Nicolay-1 had been completed, with a core and data analysis program underway. The New Standard-ConocoPhillips joint venture said those results were due within two or three months.
Meanwhile, it will move onto drilling Maitland Gibb-1, where New Standard is expecting big things.
It said in a statement that the likelihood of encountering richer source rocks in a more conducive geological setting was greater than Nicolay-1, which was located on the western margin of the Kidson sub-basin.
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The partners in Israel's large Leviathan offshore natural gas reserve said they would soon begin drilling an additional well at a cost of $110 million, Dow Jones Newswires reported.
The news service said the decision to drill the additional well comes as the partners have just completed the plugging and abandonment of another well in the Leviathan field that had been leaking water.
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BP has temporarily suspended production from the second LNG train at the Tangguh plant in Teluk Bintuni, West Papua, after a fire, the Jakarta Post reported.
BP Asia-Pacific regional president William Lin said in an email statement sent to the paper that the fire struck at 11.30am local time on Tuesday.
“Train 2 was immediately shut down and within one hour the fire was extinguished,” Lin reportedly said in the email.
“Investigation is ongoing to determine cause of the fire. Train 1 was not impacted by the incident.”
The Jakarta Post said there were no injuries reported.
The Indonesian government recently approved BP’s plan for a third 3.8 million tonne per annum LNG train at Tangguh on the condition that 40% of its output is reserved for domestic use.
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ExxonMobil’s Nigerian subsidiary said a pipeline had been shut down after an oil spill off southern Akwa Ibom state, Agence France-Presse reported.
WOODSIDE BOTTOM LINE UNDER PRESSURE
ReplyDeletePetrol prices are tipped to fall by up to five cents a litre in the next fortnight after staying flat last week.
Commsec economist Savanth Sebastian said the key Singapore unleaded price had fallen recently by about nine cents a litre in Australian dollar terms, yet the flow through to retail prices had been around five cents a litre.
Mr Sebastian said motorists had the right to be “disappointed“ if the difference was not passed on at the bowser.
“Petrol prices are set to fall another five cents a litre over the next week or so, saving motorists $12 a month,” Mr Sebastian said in a statement.
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Japan's economy shrank 0.9 per cent in the three months to September, marking the first contraction in three quarters, adding to signs that slowing global growth and tensions with China are nudging the world's third-largest economy into recession.
The fall in GDP, which matched a median market forecast, translated into an annualised 3.5 per cent fall, government data showed on Monday.
The slide will keep the Bank of Japan under pressure to boost monetary stimulus even after it eased policy in October for the second straight month as a strong yen and a territorial row with China add to the impact on exports of the global slowdown.
"The decline in exports seems large. Consumption and capital expenditure were also weak, showing that both external and domestic demand are weak," said Yasuo Yamamoto, senior economist at Mizuho Research Institute in Tokyo. "Economic data deteriorated sharply from September, and this means Japan is already in recession."
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Now he does have port expierence - but does he have any ports?
The Department of Mines and Petroleum has appointed a ninth mines safety inspector to Western Australia's north.
Ian McKay brings with him 32 years of mining industry experience and two in port safety management.
He will be charged with the responsibility of inspecting the region's 38 active mines and will help conduct about 550 site visits throughout the north-west.
The state now employs a total of 63 mines safety inspectors.