Archive for June, 2013
The future of the stalled multi-billion dollar Browse gas project will be discussed when the joint venture partners meet for talks on Monday.
The troubled project, believed to be worth between $30 billion and $90 billion, is led by Woodside, who want to exploit three gas fields off the northwest coast of Western Australia.
TRADITIONAL owners have vowed to challenge the legal status of a new agreement between the West Australian government and two companies seeking to exploit shale gas in the Canning Basin.
The state parliament passed a bill yesterday allowing the development of Canning Basin gas by joint venture partners Buru Energy, a Perth-based shale explorer, and Japanese trading giant Mitsubishi Corporation.
Hours later, the Liberal-led government also reiterated its determination to acquire land at James Price Point for a future gas processing precinct, taking gas from the offshore Browse Basin and onshore Canning Basin.
The WA Greens want to know if board members of the Environmental Protection Authority who declared interests during assessments continued to carry the assessments out.
It has been revealed that two board members declared interests in more than 40 assessments over ten years, including the James Price Point gas hub proposal.
THE Woodside Petroleum-led Browse liquefied natural gas project off the coast of Western Australia has revealed for the first time the capital cost of the controversial development at James Price Point in a formal declaration to the state and federal governments.
The five Browse partners have also requested that their retention lease on the big offshore gas fields in the Browse Basin be varied from a version pushed by former Woodside chief Don Voelte that committed them to studying onshore development at James Price Point, which is 60km north of Broome.
BHP Billiton has signed off on the sale of its stake in the $45 billion Browse gas project in Western Australia.
The $1.7 billion sale to PetroChina was finalised late yesterday.
It comes less than two months after operator Woodside announced it would shelve the project at James Price Point near Broome.
On the face of it, a court case against the environmental approval of an abandoned project seems like a silly waste of time and money.
Yet The Wilderness Society’s action against the multi-billion dollar James Price Point gas hub, which operator Woodside dumped in April, has now been heard in the WA Supreme Court.
But it’s not the Wilderness Society that’s been pushing for the case to continue, it’s the State Government.
The Chief Justice has reserved his decision in the Wilderness Society’s case against the approval of the James Price Point gas hub, north of Broome.
The Wilderness Society and Goolarabooloo man Richard Hunter had taken legal action against the project before Woodside announced that it would not proceed with the hub.