It’s not the resources industry that is the issue here. The issue is fossil fuel companies like Woodside trying to maximise profits while they still can
Santos’ $5.6 billion project is facing more opposition after a remote Northern Territory Indigenous community insisted the gas company deal with them as a group.
One of the country’s biggest oil and gas companies posted a sharp drop in revenues and profits,but did lift its dividend.
The future of the Santos Barossa gas export project is uncertain after the company was accused of not properly consulting Indigenous people on a remote island 250 kilometres from Darwin.
Uncertainly remains on when offshore work can start on a pivotal growth project for the energy giant.
The company says the wells off the Pilbara coast cannot be fixed,but the environment regulator’s position is that indefinite leaking is “unacceptable”.
Australia’s largest energy exporters are facing falling revenue as weak demand and healthy stockpiles send benchmark LNG prices sharply lower.
Demand for gas has roared back to life as Prime Minister Anthony Albanese’s Labor government has tightened the screws on producers.
The Coalition’s objections to proposed gas tax changes could force Labor to cut another deal with the Greens,Treasurer Jim Chalmers has warned.
Eni is working to get its Evans Shoal gas field,which is comprised almost one-third of carbon dioxide,off the ground by December.
Australian gas giant Santos has signed non-binding deals with four heavy polluters to bury their emissions in depleted gas reservoirs beneath the Timor Sea.