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Guest Contributor: John Robert
Leaving the ‘dirty’ gas in the ground might now be the best course of action
20 October 2021 (IEEFA Australia): Even if it employed carbon capture and storage, Barossa gas will continue to release financially risky carbon dioxide emissions onsite, onshore and across the supply chain, making it one of the more expensive and dirtiest gas projects in the world, finds a new report from the Institute for Energy Economics […]
IEEFA
Manifold Times: The Morrison government has increased support for controversial fossil fuel projects that promise to capture and store carbon dioxide emissions by approving a plan to award them carbon credits. The Asia Natural Gas and Energy Association (ANGEA) has been launched during the 10th Annual LNG Producer Consumer Conference on 5 October 2021. The […]
IEEFA
The Guardian: The Morrison government has increased support for controversial fossil fuel projects that promise to capture and store carbon dioxide emissions by approving a plan to award them carbon credits. It followed the oil and gas company Santos saying a proposed carbon capture and storage (CCS) project at its Moomba gas well in South […]
Bruce Robertson, Milad Mousavian and Press Release
The government is increasing issuance of gas exploration permits in the offshore sector ignoring risks imposed by global decarbonisation
20 September 2021 (IEEFA Australia): Increasing issuance of exploration permits over production, the Australian government has given the green light to oil and gas giants including Santos and Woodside to potentially spend $AUD5.1 billion throughout the next six years on risky offshore exploration activities despite industry-low success rates and the global energy transition, finds a […]
IEEFA
The Guardian: A shareholder activist group is taking Australian oil company Santos to court over its claims it produces “clean fuel” and plans to reach net zero emissions by 2040. Papers were filed against Santos – Australia’s second largest independent oil company – on Thursday by the Environmental Defenders Officers acting on behalf of the […]
Press Release and Guest Contributor: John Robert
With export markets' changing expectations, investors and industry beware
31 March 2021 (IEEFA Australia): Santos’ proposed offshore Barossa gas field near Darwin, Northern Territory has the unfriendly tag of having more carbon dioxide than any gas currently made into LNG, finds a new report from the Institute for Energy Economics and Financial Analysis (IEEFA). The gas contains so much CO2 that most of it […]
Guest Contributor: Peter Milne
Much of the cost will fall on the Australian government via the tax system
Australia’s US$40.5 billion clean up bill for offshore oil and gas wells and facilities will cost US$40.5 billion, with half of the work starting this decade, according to a report produced with the support of major Australian operators. Equipment to be removed includes 57 platforms with a total weight of 755,000 tonnes, equivalent to the […]
Bruce Robertson
Embedding gas infrastructure for the next 30 years remains a poor investment decision
Santos’ controversial Narrabri gas project in northern New South Wales received final federal government approval yesterday, despite a record number of objections to the project. In investment there are three factors bankers and investors assess before making an investment. They look at environmental, social and governance (ESG) factors and this project clearly fails the social […]
Bruce Robertson
With LNG worse for the climate than coal, Australia must adjust to our export markets shrinking
With polluting emissions from LNG 13% higher than gas, and Australia’s primary export destinations targeting net zero emissions and therefore less dirty LNG, Australia’s gas-led recovery is looking increasingly like the Australian government is ‘flogging a dead horse’. Australia’s core export markets for LNG, coal and iron ore – Japan, South Korea and China – […]
Bruce Robertson
Japan will cease to be a major buyer of Northern Territory gas
Ask anyone in business what the first rule of thumb is and they’ll tell you straight: you have to listen to what your customers want. Simple, right? But that’s exactly what two of the biggest names in the Northern Territory gas industry, Origin and Inpex, are failing to do. They’re pushing to open up huge […]
IEEFA: Santos’ Barossa gas field emissions create major risks for shareholders
With export markets' changing expectations, investors and industry beware31 March 2021 (IEEFA Australia): Santos’ proposed offshore Barossa gas field near Darwin, Northern Territory has the unfriendly tag of having more carbon dioxide than any gas currently made into LNG, finds a new report from the Institute for Energy Economics and Financial Analysis (IEEFA). The gas contains so much CO2 that most of it […]