Oil & Gas

House That!Outgoing Woodside CEO’s stunning $5m SW holiday home

Departing Woodside boss Peter Coleman has snapped up a luxurious holiday home on the Old Dunsborough beachfront for a cool $5 million.

Kim Macdonald

LNG spikeWoodside rides gas price recovery

The energy group is benefiting from improved gas and oil markets, which were savaged after the arrival of COVID-19 early last year.

Daniel Newell and Sean Smith

LNG dealWoodside locks down more Scarborough gas

An expanded deal with European energy giant Uniper now means Woodside has secured buyers for 40 per cent of the gas from the proposed project.

Sean Smith

Gas surgeCold snap sends LNG to record highs, fires up Woodside

The WA company is expected to cash in as freezing temperatures in Europe and northern Asia has gas users paying rocketing prices to secure extra LNG cargoes.

Sean Smith

Tenure shortenedGorgon LNG permits halved in win against Chevron

Conservationists have won a limited victory against Chevron, successfully arguing that the environmental licence for the gas giant’s Gorgon LNG project be reduced to allow for more frequent reviews.

Sean Smith

Fertiliser planStrike Energy rolls out $2.3b urea project

The aspiring gas producer said the plant would be built in Geraldton, tap gas from the Perth Basin and service the domestic fertiliser market.

Sean Smith

Up and runningShell’s giant WA gas project back online

The huge Prelude floating gas plant off Broome was suspended from production in February last year after technical problems.

Sean Smith

Markets hiccupWestern Suburbs fund posts a rare losing year

It sold down before COVID-19, but Willy Packer’s Investigator Trust remains nervous about getting back into the share market because of concerns over the economic outlook and stock prices.

Sean Smith

Reducing emissionsFirst LNG-fuelled vessel arrives in Port Hedland

Port Hedland has received its first LNG-fuelled vessel for exporting iron ore as the local maritime industry works towards reducing shipping emissions.

Kate Purnell

Surprise moveOil tops $US50 after Saudis pledge to cut output

Oil surged to its highest since February after Saudi Arabia pledged to voluntarily cut output by an extra one million barrels a day.

Andres Guerra Luz

Ice coldFreezing China feels bitter chill of war on Aussie coal

A frigid winter is leading to power shortages in parts of China, driving up demand for diesel as factories rush to install generators to keep the lights on.

Executive orderChina oil may be next as US delists telcos

Chinese oil majors may be next in line for delisting in the US after the New York Stock Exchange said last week it would remove the Asian nation’s three biggest telecom companies.

Vinicy Chan

Gas go-aheadMitsui, Beach to spend $768m developing Waitsia

So-called Stage 2 project will boost gas output from 20 Terajoules a day to 250Tj/day and create about 200 jobs during construction.

Stuart McKinnon

Taxpayer burdenTimor Sea clean-up bill rises with new WA contract

With GR Engineering getting a $130m contract to help decommission the Northern Endeavour, the cost of cleaning up the abandoned oil production vessel in the Timor Sea is now already well over $200m.

Sean Smith

Emerging technologyCoronavirus crisis no barrier to WA subsea expansion

COVID-19 may have wreaked havoc on the oil and gas industry, but some WA companies specialising in subsea robotics technology are bucking the trend.

Meilin Chew

Court actionWoodside vows to defend Burrup approvals challenge

Woodside Petroleum has vowed to defend a Supreme Court challenge from the Conservation Council of WA that threatens to derail the energy giant’s plan to develop an integrated Burrup LNG hub.

Daniel Newell

Divestment plansShell inks $3.3b Australian LNG stake sale

Royal Dutch Shell has agreed to sell a minority stake at a liquefied natural gas export project in Australia to Global Infrastructure Partners for $US2.5 billion ($3.3b).

Harry Brumpton

Huge earningsIron ore and gold offset lower returns for coal and LNG

Australian resource and energy exports have earned the nation more than $290 billion in 2019/20, with the COVID-19 fallout not taking as great a toll on forward projections as first thought.

Sarah Ison

Union’s safety fearsSecond train down at Gorgon, third likely to follow

Evidence of more welding problems at the facility comes as news emerged of just how close Chevron came to completely shutting down its neighbouring Wheatstone project over cracking issues.

Ben Harvey

Mining boomNew wave of WA projects to drive record resource jobs

Australian Resources and Energy Group AMMA says 47 new projects will require 11,628 new operational employees in WA resources sector by the end of 2026.

Stuart McKinnon

Glut remainsOil hits 10-month high amid stimulus optimism

But the International Energy Agency has trimmed its demand forecast for 2021 and said the crude oil glut left behind by the coronavirus pandemic will not likely clear until the end of next year.

Andres Guerra Luz

New troublesWheatstone weld dramas add to Chevron woes

Fresh from repairing cracks at its Gorgon LNG project, Chevron has new welding troubles after the offshore safety regulator ordered the energy giant to fix problems at the Wheatstone plant.

Ben Harvey

Oil clean-upGovernment moves on former Woodside project

Canberra has started to decommission the abandoned Northern Endeavour production ship, but there’s no word yet on whether industry will help pick up the potential $250m clean-up bill.

Sean Smith

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Grim forecast
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WA gas shortage fear after projects delayed

Predicted delays to the two major Woodside developments and surging demand for gas from the resources sector has WA on track for a potential shortage before the end of the decade.

Josh Zimmerman