Archive for July, 2013
FEDERAL Resources Minister Gary Gray and West Australian Premier Colin Barnett are at loggerheads over the federal government’s strong push for the rapid development of Woodside Petroleum’s multi-billion-dollar Browse liquefied natural gas project.
Mr Barnett has emerged as the biggest stumbling block to the project going ahead because he is strongly opposed to the use of floating LNG technology to process the gas reserves off the WA coast, warning it will create fewer jobs than a land-based project.
The West Australian
Rey Resources says it has agreed to sell its flagship Duchess Paradise coal project in the Kimberley to Hong Kong’s Crystal Yield Investments for $21 million.
Managing director Kevin Wilson said weak coal prices had prompted the company to focus on developing its Canning Basin oil and gas prospects in the Kimberley instead.
OIL and gas producer Santos says the industry’s embrace of revolutionary floating LNG technology is being driven by high costs and remote discoveries but must also be accompanied by a push to maximise the creation of jobs for Australians.
In a sign of the industry’s concern over the opposition to FLNG by unions and the West Australian government, Santos senior executive John Anderson said most companies were being driven to use the technology out of necessity.