The WA LNG producer has revealed a 9pc drop in revenue in the September quarter, just a week after it sacked 300 staff.
Stuart McKinnon and Daniel Newell
The contractor has been dealt a costly blow in its battle to recoup more than $1 billion from Chevron in a long-running feud over work at the Gorgon LNG plant.
The latest round of cuts come after an organisational review to identify the oil and gas giant’s workforce needs amid a challenging global energy supply environment.
Spending on big-ticket resources projects will not be able to offset the COVID-sapped retail, construction and education sectors.
Company reports routine sampling yesterday detected an elevated aerobic bacteria count in one of the cooling towers.
Stuart McKinnon and Phil Hickey
Warrego Energy and Strike Energy have overcome recent tensions by agreeing a plan to jointly develop the Perth Basin gas discovery.
But McGowan Government refuses to rule out hikes to royalties, levies and charges for the sector in looming State Budget.
Global oil demand won’t meaningfully recover for at least 18 months, according to the heads of the world’s biggest independent trading houses.
Andy Hoffman and Laura Hurst
It involves drilling 850 new gas wells over 20 years, with Santos saying it had the potential to provide up to half of NSW’s natural gas needs.
The Singapore-based company has confirmed a small release of oil from the Stag platform during recent bad weather.
The value of Australia’s resources and energy exports will sink by $34 billion this year after posting a record last financial year, according to new Federal Government forecasts.
Just a week after revealing its plan to turn itself into a clean-energy giant, BP watched its share price drop to a fresh low.
Investment in the State’s resources sector has risen for the first time since the last mining boom in 2012-13, with $129b worth of projects now in the pipeline.
WA oil and gas company says proponents need a level of certainty when making investments that they have the support of Government and Traditional Owners.
Despite business heavyweights and gas proponents like Andrew Liveris backing a 2050 target, Scott Morrison would not commit to the goal.
Chevron is under fire from an influential trade union and the State Opposition over sacking a quarter of its WA workforce at a time when it is grappling with problems at the Gorgon LNG project.
Perth-based Clean Energy Fuels Australia has secured a long-term site lease to develop an LNG plant that is expected to drive down energy costs in WA’s Mid West.
Resources giant Woodside has revealed it’s favouring job applicants who live in WA or are willing to move west in its latest recruitment campaign.
WA could play a vital role in Australia’s gas-led economic recovery, with the Federal Government keen to unlock the State’s Perth Basin as one of six key gas resource sites around Australia.
Lanai Scarr and Annabel Hennessy
Climate Action 100+ represents 500 investors with more than $60 trillion of assets under management
The oil giant, which operates Australia’s largest and WA’s only oil refinery, welcomed the support but said some aspects of the proposal needed to be ironed out.
The energy giant says oil consumption may never return to levels seen before the coronavirus crisis took hold.
The Chinese owners of Alinta Energy have pocketed another $223 million in dividends on the back of a hefty profit increase by WA’s biggest gas company.
Fresh details have emerged about the scale of the repairs facing two of the world’s biggest energy companies as they race to get $US70b of LNG kit in WA’s north back on track.
© West Australian Newspapers Limited 2020