Thursday, April 11, 2013

Financial Review - business, finance and investment news | afr.com

Financial Review - business, finance and investment news | afr.com: Speculation grows over Browse future

There is growing speculation Woodside Petroleum could shelve its $45 billion Browse liquefied natural gas project at James Price Point in Western Australia’s far north-west, having decided the huge venture cannot be profitably developed.

Browse future in doubt: report | Business Spectator

Browse future in doubt: report | Business Spectator: Browse future in doubt: report

Speculation is mounting that Woodside Petroleum Ltd could shelve its $45 billion Browse liquefied natural gas project at James Price Point in Western Australia because it cannot be developed at a profit, according to The Australian Financial Review.

The newspaper reported that Woodside is understood to have advised the federal and WA governments that the Browse partners, which include Royal Dutch Shell and BP, have decided against proceeding with the controversial plan to build a LNG plant on the Kimberley coast, in WA's far north west.

Contractors are understood to have been told to stop preliminary site work and that no further progress payments will be made.

Woodside declined to comment. However, it is understood the company could release a statement Friday.

The speculation comes after WA premier Colin Barnett said Browse could be delayed by up to a decade if Woodside and its partners failed to reach a final investment decision by June.

WA Premier denies $45bn LNG project shelved - ABC News (Australian Broadcasting Corporation)


 Fairfax Media are reporting: Woodside is understood to have advised the federal and WA governments within the last 24 hours that the Browse partners have decided not to proceed with plans to build a new 12 million tonnes a year LNG plant at the controversial site on the Kimberley coast.

However, Premier Barnett has this afternoon denied this report.




WA Premier denies $45bn LNG project shelved - ABC News (Australian Broadcasting Corporation): West Australian Premier Colin Barnett has denied he has been told by Woodside that the company has shelved its $45 billion Browse LNG project at James Price Point, north of Broome.


There are media reports that Woodside has told both the West Australian and Federal Governments it has decided not to proceed with the project because it cannot develop it profitably.

Australian Greens: Barnett, Woodside Cling to Plan to Wreck James Price Point while Industry Leaders Move On>> LNG World News

Australian Greens: Barnett, Woodside Cling to Plan to Wreck James Price Point while Industry Leaders Move On>> LNG World News:

“The world’s two biggest oil companies have decided floating LNG technology is the way forward for offshore Australian gas field developments, yet Woodside and the Premier are stuck in the past.

“The Premier’s intransigence on James Price Point defies the wishes of the majority of Western Australians, defies any kind of scientific understanding of the environmental impact on the area, and defies the advances in technology being embraced by gas industry leaders.

Wednesday, April 10, 2013

Gas hub prospect fuels airport revamp plans - ABC News (Australian Broadcasting Corporation)

Gas hub prospect fuels airport revamp plans - ABC News (Australian Broadcasting Corporation):
The Broome Shire is considering an application to build a new airport terminal to cater for gas hub workers and international flights.

Broome Airport has lodged a planning application to give it time to build a new terminal should the Kimberley gas hub get the go-ahead in June.

Airport chief executive Nick Belyea says the airport is already experiencing an increase in traffic from the oil and gas sector.

Woodside seeking permission to disrupt Aboriginal heritage sites to build the Kimberley gas hub.

ABC Online Indigenous - News:
Meanwhile, Woodside will today have its case heard as to why it should be granted permission to disrupt Aboriginal heritage sites to build the Kimberley gas hub.

The company has applied for a section 18 clearance through the Department of Indigenous Affairs.

If approved, Woodside would be allowed access to the entire Browse liquefied natural gas precinct area, near James Price Point, which is known to contain Indigenous heritage sites.

The company's previous application was granted in January, enabling it to conduct initial investigations of the site.

Radio interview Scott Ludlam re' Walmdan/Dunes

Radio interview Scott Ludlam re' Walmdan/Dunes also RDL re' Signs. Today Wednesday 4th April 2013

 

Court hears oil rig workers paid $3 an hour - ABC News (Australian Broadcasting Corporation)

Court hears oil rig workers paid $3 an hour - ABC News (Australian Broadcasting Corporation): The Federal Court has heard allegations that foreign workers were paid less than $3 an hour to work on oil rigs operated by Woodside Petroleum off Western Australia.

The Fair Work Ombudsman alleges Hong Kong-based company Pocomwell Limited hired the four Filipino men, who were made available to the rigs by a WA oil and gas consultant.

The Perth court today heard the four men worked as painters on Woodside rigs on the North West Shelf off northern WA from July 2009 until early 2011.

The ombudsman's barrister Paul Menzies QC told the court the men were paid just $US32 a day for working 12 hour days, seven days a week.

The ombudsman alleges the workers were underpaid by two foreign companies and one local firm, to the tune of $80,000.

Gas Drillers Have A New Foe | newmatilda.com

Gas Drillers Have A New Foe | newmatilda.com:
When all's said and done, the news is increasingly good: the government have finally acknowledged the risks and opened the door to no-go zones. For two years they have rejected the legitimate concerns of the community and made hollow announcements to try to skirt the issues. But now the CSG drillers have a truly tough new foe — organised communities. Unlike the O'Farrell Government, they follow through, and are succeeding

Tuesday, April 9, 2013

Gas hub in the balance but one source said, “It will not happen” | The Stringer

Gas hub in the balance but one source said, “It will not happen” | The Stringer:
It has been a good fight by the Kimberley residents and environmentalist groups and by the Goolarabooloo Elders, Theresa, Joseph and Philip Roe and Elder Richard and Errol Hunter. If it wasn’t for their public stances, the picket lines at James Price Point (Walmadany), and Walmadan Tent Embassy the board members and executives who are concerned about public perceptions may well have kept quiet.

Some believe that it’s over – that the venture group will decide to go with the cheaper offshore flotilla option but don’t believe it. Our sources tell us it may go either way. Federal Resources and Tourism Minister Gary Gray, a former Woodside executive, is pushing for the offshore option. He is in the know and therefore he knows it has every chance of getting up. Premier Barnett is pushing for the onshore option and he too is in the know so he well knows that there is a good chance his preferred option gets up.

Gas hub in the balance but one source said, “It will not happen” | The Stringer

Gas hub in the balance but one source said, “It will not happen” | The Stringer:
It has been a good fight by the Kimberley residents and environmentalist groups and by the Goolarabooloo Elders, Theresa, Joseph and Philip Roe and Elder Richard and Errol Hunter. If it wasn’t for their public stances, the picket lines at James Price Point (Walmadany), and Walmadan Tent Embassy the board members and executives who are concerned about public perceptions may well have kept quiet.

Some believe that it’s over – that the venture group will decide to go with the cheaper offshore flotilla option but don’t believe it. Our sources tell us it may go either way. Federal Resources and Tourism Minister Gary Gray, a former Woodside executive, is pushing for the offshore option. He is in the know and therefore he knows it has every chance of getting up. Premier Barnett is pushing for the onshore option and he too is in the know so he well knows that there is a good chance his preferred option gets up.

Fairfax journalist Paddy Manning fired over opinion piece - mUmBRELLA

Fairfax journalist Paddy Manning fired over opinion piece - mUmBRELLA

Senior Fairfax business writer Paddy Manning has been dismissed in the wake of penning a 600 word critique for rival outlet Crikey on the company restructure which brings the Australian Financial Review and the BusinessDay sections of The Sydney Morning Herald and The Age closer together.

In the piece the experienced reporter, who has previously worked at both The Australian Financial Review and The Australian, described an article in the AFR which was sponsored by the Commonwealth Bank as “a perfect example of why the business sections of The Sydney Morning Herald and The Age should not be merged with the Financial Review Group.”

Manning then went on to denounce The Australian Financial Review’s journalism which he argued was ”built on a fundamental contract between company and reporter: high-level access in exchange for soft coverage.” He was fired last night.

How Exxon killed JPP - Slugcatcher



SHELL has been blamed for upsetting Woodside Petroleum’s 
plans for an onshore processing component at the Browse 
LNG project in  Western Australia but from what  
Slugcatcher saw last week the killer blow came 
from outside the Browse joint venture and was
delivered by ExxonMobil.

Without fanfare and through the simple lodging of a 79-page 
document with the Australian government’s environment
department, the Australian arm of ExxonMobil set the clock 
ticking on the country’s second floating LNG barge.
Today, LNG is becoming a free market and that means the producers have to become far more cost conscious.

That, in turn, means gold-plated LNG projects, such as the $50 billion monster that is the Gorgon development and the proposed $40 billion Browse project, are effectively LNG dinosaurs even before they are operational.

FLNG is not only a cheaper option – it will be more profitable, flexible and far from the problems of trying to do business in the high-cost Australian domestic market, which also comes wrapped in union militancy.

For Woodside chief executive officer Peter Coleman there is the frustration of being seen to favour the onshore Browse LNG option while his old firm, ExxonMobil, signs up for a Prelude-like floater.

Coleman’s options are narrowing as the LNG market evolves and rivals invest in cheaper options than what he currently has.

That is unless he can steer the Browse partners and the WA government towards an even more profitable option than FLNG for Browse – a long pipeline to the Burrup processing centre.

While not favoured by the government, that pipeline option, according to a study last year by investment bank Goldman Sachs, claimed delivering gas to an expanded Burrup would produce a return of 19.5% on capital invested.
By contrast, onshore Browse LNG delivered just 12.6% and Browse as an FLNG delivered 14.8%.

By tossing its hat into the FLNG ring for the Scarborough project ExxonMobil has turned the spotlight on the critical question of costs and profits, just as Japan moves to make LNG a freely traded commodity.

Monday, April 8, 2013

Gas hub opponent says signs staying - ABC News (Australian Broadcasting Corporation)

Gas hub opponent says signs staying - ABC News (Australian Broadcasting Corporation):

 "We're not removing these signs because they're in place to protect the burial sites, the important cultural sites and the monsoonal vine thicket," she said.

"So from the community's point of view and from Goolarabooloo's point of view, we're not removing those signs."

The Department of Regional Development and Lands has been contacted for comment.

First Uranium mine in WA may mean 40 uranium mines by 2030 | The Stringer

First Uranium mine in WA may mean 40 uranium mines by 2030 | The Stringer:

 “Uranium should stay in the ground. It can hurt our Country, the environment, our people, our children, our children’s children,” said Mr Cooke.

The Native Title Act is set up in such a way that both parties must enter into ‘good faith’ negotiations and hopefully come to a mutually beneficial deal within six months. If this fails you can count on the mining still going ahead. You can also count on the National Native Title Tribunal in granting the various licences required by the resource company and you can count on the Office of the Registrar of Aboriginal Corporations to stand idly by.

(5) Hands on the dunes saying No Gas @ JPP

(5) Hands on the dunes saying No Gas @ JPP: Hands on the dunes saying No Gas @ JPP
messages of support written on paper hands sent in from around the world saying no gas at JPP

Court to hear oil rig workers paid $3 an hour - ABC News (Australian Broadcasting Corporation)

Court to hear oil rig workers paid $3 an hour - ABC News (Australian Broadcasting Corporation):
The Federal Court will today hear allegations that foreign workers were paid less than $3 an hour to work on oil rigs operated by Woodside Petroleum off Western Australia.

The Fair Work Ombudsman alleges Hong Kong-based company Pocomwell Limited hired the four Filipino men, who were made available to the rigs by a WA oil and gas consultant.

Documents tendered to the court claim the four men worked as painters on Woodside rigs on the North West Shelf off northern WA from July 2009 until early 2011.

It says they were paid $US900 a month for working 12 hours a day, seven days a week - a rate of less than $3 an hour.

In its case before the Federal Court in Perth today, the Fair Work Ombudsman will allege the companies failed to pay the national minimum wage, allowances and overtime.

The Ombudsman is seeking tens of thousands of dollars in back pay for each man and fines against the companies that hired and supplied the workers

Country is Calling

Country is Calling: Country is Calling
Updated 8 hours ago · Taken at Walmadan Tent Embassy (James Price Point)
People from all over Australia and the world sent a strong message today in support of the No Gas Campaign. Hundreds of cut-out papers hands with personal messages were places on the dunes of Walmadan. A big thank you goes to Rodney Augustine and Lorna Kelly who organised this event and to Phillip Roe for welcoming everyone to his country. A smoking ceremony was held to cleanse and vitalise everyone.

Saturday, April 6, 2013

Many Hands, Many Hearts Say NO GAS at Walmadan JPP - YouTube

Many Hands, Many Hearts Say NO GAS at Walmadan JPP - YouTube

The Battle lines are drawn... Woodside and their JV Partners plan to bulldoze Ancient Indigenous Graves in the Dunes at Walmadan, James Price Point. People around the world were asked to send to Broome a cut out hand, with a NO GAS message. They will be placed on country Sunday 7th April, which will carry their no Gas spirits on country to protect those who rest there.
TIME TO MAKE A STAND - WE DO NOT WANT TO BE A NATION THAT DESTROYS ITS OWN HERITAGE!

Traditional Owners outraged by Browse LNG works State Government deadline | The Stringer

Traditional Owners outraged by Browse LNG works State Government deadline | The Stringer: Woodside does state again and again that they are working with various Traditional Owners to manage the access and to minimise any damage. However Goolarabooloo Elders Joseph and Phillip Roe and Richard Hunter have questioned the cultural authority of the Elders the Government and Woodside are working with.

In a recent letter, RDL has written that it needs to dismantle signage and bollards so that Woodside can gain access to the dunes for drilling if they are not removed by April 6th. This has upset the Roes and Mr Hunter.

They said that the purpose of this infrastructure, installed in 2002 by the Goolarabooloo, is to protect ecologically and culturally sensitive sites along the Lurujarri Heritage Trail from inappropriate vehicle access and the growing impact of tourism. The infrastructure was funded primarily by the State and Federal Government bodies Coast West and Coast Care, with active support from the Shire of Broome, Department of Conservation and Land Management and the then Department of Land Administration.

The Goolarabooloo have vowed to fight this threat, with the support of the wider Broome community.