Woodside’s Sangomar project suffers cost blow outs, delays
The first oil from Woodside’s project in Senegal is now not expected until mid-2024, and the development will cost up to 13 per cent more after repairs were found to be needed.
The first oil from Woodside’s project in Senegal is now not expected until mid-2024, and the development will cost up to 13 per cent more after repairs were found to be needed.
The development plan comes amid soaring global interest in hydrogen, but the Indigenous groups say they want control and not royalties.
The energy major’s plans have been up-ended after the Albanese government unexpectedly announced projects must be located further from the coast.
Philip Lowe was dumped as governor of the Reserve Bank by a government looking to distract and it sets a dangerous precedent, fund managers have warned.
Orsted – the world’s largest offshore wind developer – has sought licences to develop two huge projects in Australia, and is seeking approval to begin preliminary work early next year.
The energy group is positioning to capitalise should Australia’s transition away from coal take longer than currently expected and renewable development continues to struggle.
Japan’s largest oil and gas company is targeting a significant increase in renewable capacity in Australia.
The refining boom that Viva has profited from in recent years has ended, possibly forcing it to seek revenues from new areas.
The Western Green Energy Hub in WA’s Goldfields-Esperance region has signed a deal with South Korea’s biggest electricity utility, Korea Electric Power Corporation.
Gas developers, which have stalled work on new projects, are softening opposition to the Albanese government’s signature gas policy after a spate of exemptions.
Original URL: https://www.theaustralian.com.au/author/colin-packham/page/46