Thursday, November 15, 2012

Chris Maher from Greens for the Seat of Kimberley

Albert Wiggan from Beagle Bay endorses Chris Maher from Greens for the Seat of Kimberley in the 2013 WA state election.

Follow the campaign:

https://www.facebook.com/greenmaher
https://www.twitter.com/greenmaher

5 comments:

  1. From Goolarabooloo Facebook :

    Woodside's joint venture to save capital costs
    THE Woodside Petroleum-led Browse joint venture would save $9 billion in capital costs by developing the project using floating liquefied natural gas technology rather than building a gas plant on the Kimberley coast, according to a report by investment bank JPMorgan.

    The first in-depth analysis of the increasingly likely FLNG option estimates it wou
    ld cost the Browse partners $US35.5bn ($34.3bn) compared with an estimated $US44.6bn to build an onshore plant at James Price Point.

    JPMorgan said FLNG would be far more profitable for the partners, but noted it could cost the federal government about $7bn in foregone taxes and involved "tricky but not necessarily fatal" political obstacles.

    The offshore option was technically feasible and could "avoid the majority of environmental and social opposition to the Browse development", according to JPMorgan oil and gas analyst Ben Wilson.

    Telstra director and former advertising executive Geoffrey Cousins, a fervent opponent of Woodside's plan to use James Price Point, told The Weekend Australian yesterday JPMorgan's analysis should sound the death knell for the onshore option.

    He said FLNG provided the Browse partners - Woodside, Royal Dutch Shell, BHP Billiton, BP, Mitsui and Mitsubishi - with the chance to deliver the project in an environmentally and economically responsible way.

    "This would be a wonderful example of technology solving an environmental problem rather than causing one," he said.

    Mr Cousins said it was time for West Australian Premier Colin Barnett to drop his insistence that the Browse gas had to be processed in the Kimberley.

    The Premier wants a gas plant built at James Price Point because it will create thousands of jobs in his state and involve a benefits package for traditional owners worth $1.5bn over 30 years.

    A Woodside spokeswoman said there had been no change to the company's James Price Point development concept.

    The Browse partners are to announce whether they will go ahead with the plan by the middle of next year.

    Speculation is mounting that Shell - which is developing the world's first FLNG project at Prelude, off the northern coast of Western Australia - wants to use its recently expanded stake in the Browse venture to abandon James Price Point in favour of FLNG.

    FLNG involves incorporating the processing and storage facilities associated with an LNG plant into a huge ship that moors directly over the gasfields, hundreds of kilometres off the coast.

    Mr Wilson said in the report on Browse that the FLNG option would deliver a superior internal rate of return compared with James Price Point and a third option of piping the gas to the North West Shelf processing facilities in the Pilbara.

    But Mr Wilson said that an FLNG concept would defer a final investment decision on Browse until at least the second half of 2014, delaying production from the Browse fields until 2019.

    BY: ANDREW BURRELL The Australian November 17,

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    Replies
    1. Worth noting the cost per million tonnes per annum here.

      For 15 million tonnes per annum.

      The final cost of JPP with the 33% blowout would be $60 billion.

      The final cost of FLNG expected to remain stable.Possibly cheaper as the tech advances.

      JPP = $4 billion per mtpa

      FLNG = $2.3 billion per mtpa

      SO FLNG ABOUT HALF THE COST OF JPP.

      Delete
    2. Barnett says the "life of the project" is 30 years,sometimes 70 years and even 100 years.

      $1.5 billion over 100 years is only 15 million a year - about 1/2 the cost of an office refurbishment for our Premier.

      Over 30 years it is still only $50 million a year.

      The Royalties for Regions program :

      ...........

      There’s never been a better time to live, work or invest in regional WA thanks to Royalties for Regions.

      Through the delivery of the $6.5billion Program the State Government is investing for a brighter future for regional Western Australia.

      .................

      Funds to be held in a special investment fund (SIF), capped at $1 billion annually

      ...................

      There are a billion reasons to support The Nationals. And now I announce some more:

      RfR has begun the process of rebuilding our regional communities, projects like Pilbara Cities, Super Towns, and the Country Local Government Fund have injected new life into our communities.

      Projects like the Ord East Kimberley Expansion, Gascoyne food bowl, Goldfields Port Link and Great Southern Gas Pipeline

      ..................

      The state government's Royalties for Regions program is a waste of money according to an independent report into the scheme.

      The analysis from the Grattan Institute stated that the funding for regional Australia was failing to produce economic development in the areas where it was being directed.

      ......................

      "Certainly, regions deserve their fair share of royalties but the Royalties for Regions program is a slush fund for the National Party," he said.

      "I don't see that there is any real justification for that.

      "The Royalties for Regions should be at least reformed, if not entirely abolished."

      Mr Berg labelled the $1.5 billion scheme, in which 25 per cent of the state's mining royalties are set aside for regional areas, as inefficient.

      "It is a massive pork barrelling scheme basically for the National Party, I think, there is no way to get around that," he said.

      "The problem is that there doesn't appear to be a political solution to the problem, unfortunately, and that is why it remains."

      He says it wastes money.

      "It has no basis in public policy, it has no basis in any sort of rational understanding of what is required," he said.

      "It's a pork barrelling scheme and we shouldn't pretend it's otherwise."

      ........................

      WA Labor supports the Royalties for Regions program. The program was passed through Parliament in 2009 with WA Labor support.

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    3. So lets take the middle figure of say $30 million a year - FOR THE ENTIRE KIMBERLEY -
      that's about 1/50th,OR 2%,of the current RfR program,and Labour have talked about expanding it.

      Seems to me we are being swindled.

      Quite honestly,despite the "won't be able to look black kids in the eye" type comments,it would seem on the evidence,neither Barnett or Carol Martin could give a stuff about black kids - in the Kimberley or anywhere else.

      When they finish checking the headstones it would be a good idea if they simply put the money where their mouth is and saved the insults for their do nothing swindling mates down south.

      ALSO WORTH NOTING THE STATE GOV HAS JUST SPENT OVER $300 MILLION DOLLARS SO A CHINESE COMPANY CAN GROW SURAR ON THE ORD.WITH NO HOPE OF THE TAXPAYERS EVER GETTING THEIR MONEY BACK!

      Barnett and Carol Martin need to check the headstones AGAIN.

      Delete
  2. China hopes to become major producer of natural gas

    Low drilling costs and high local gas prices in China are attracting international developers to the country, the article stated. GE Oil & Gas, a subsidiary of General Electric Co., is among the companies that have expressed interest in shale gas exploration in China. China Daily reported GE officials are in talks with three of China's top oil and gas companies to discuss potential cooperation in its shale gas industry.

    ..............................

    Chevron Lines Up Pacific Drilling Rig for West Africa Ops

    Pacific Khamsin is scheduled for delivery by Samsung Heavy Industries in Korea in the second quarter of 2013. The drillship will be capable of operating in water depths of up to 12,000 feet and drilling wells up to 40,000 feet deep.

    .........................

    A day after BP agreed to pay heavy fines for the Deepwater Horizon explosion and oil spill, an oil and gas rig in the Gulf of Mexico exploded. At least two crew members are missing, the Coast Guard said, and at least 11 were taken to hospitals for injuries. An oil sheen spread across the waters near the explosion, but the rig was non-producing.

    ReplyDelete