The ratings agency has put the Perth group and other major oil and gas producers on notice over concerns about the financial impact of the transition to renewable energy.
Professor Mark Randolph’s career has flourished alongside, and contributed to the success of, the North West Shelf project.
Perth doctor Ken Fitch, engineering professor Mark Randolph and veteran choreographer Chrissie Parrott have been recognised for their contribution to WA in the 2021 Australia Day Honours list.
Angela Pownall, Rhianna Mitchell & Sarah Steger
Departing Woodside boss Peter Coleman has snapped up a luxurious holiday home on the Old Dunsborough beachfront for a cool $5 million.
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
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.
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.
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.
The aspiring gas producer said the plant would be built in Geraldton, tap gas from the Perth Basin and service the domestic fertiliser market.
The huge Prelude floating gas plant off Broome was suspended from production in February last year after technical problems.
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.
Port Hedland has received its first LNG-fuelled vessel for exporting iron ore as the local maritime industry works towards reducing shipping emissions.
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
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.
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.
So-called Stage 2 project will boost gas output from 20 Terajoules a day to 250Tj/day and create about 200 jobs during construction.
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.
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.
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.
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).
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.
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.
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.
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.
© West Australian Newspapers Limited 2020