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Australia

Australia -EnergyNewsBeat
Commodities

Resource projects bringing billions of dollars into Australia will underpin the country’s strong economic growth this year, a report shows.

June 27, 2021 Stu Turley

Economic growth and increasing revenue have been driving global business activity for some time. Recent events have shown that this positive trend is being realized in the banking sector as well. With an increasing number […]

Colombia coal
Coal

Asia Pacific Coal Power Investments Seen Outpacing Natural Gas into 2030s

June 24, 2021 Stu Turley

Wind, solar and natural gas have the brightest future in Asia Pacific power generation, although coal is not going anywhere soon, according to experts at Wood Mackenzie. “Asia Pacific power generation investments are leading the […]

carbon capture-utilization-storage - CCUS - EnergyNewsBeat
Carbon Capture

Singapore eyes hydrogen, CCUS in low-carbon transition

June 24, 2021 Stu Turley

Singapore, 24 June (Argus) — Singapore is eyeing the use of low-carbon hydrogen along with carbon capture, utilization and storage (CCUS) technology in its transition to a low-carbon future and away from fossil fuels. This […]

scott land - Energynewsbeat.com
Carbon Capture

Early engineering starts on major direct air capture facility in UK

June 24, 2021 Stu Turley

Design and engineering work has started on a groundbreaking 500,000 to 1 million tonnes per annum direct air capture (DAC) plant destined to be built in Scotland, UK. London-based Storegga — operator of the Acorn […]

LNG - -energynewsbeat.com
Commodities

Australian Oil Industry Tipped To Double Investment To $6 Billion A Year

June 21, 2021 Stu Turley

Oil selling for more than $70 a barrel has breathed life into the downtrodden Australian oil and gas industry even as it battles criticism from environmental protestors and investor activists. Last week saw the best […]

Fossil

Australia rejects major renewables & hydrogen project

June 21, 2021 Stu Turley

The Australian federal government has rejected plans for a renewable energy and hydrogen project in Western Australia. The decision was published on the environment ministry’s website on June 15. The proposed Asian Renewable Energy Hub encompasses 6,500 km2 of land in […]

Ryan Ray international man of misery
ENB Podcast

From Bear Country The Energy News Beat Podcast – We interview Ryan Ray, Former US Presidential Candidate

June 16, 2021 Stu Turley

The Energy News Beat monthly check-in – We check in with Ryan on China, Australia, and Coal. Ryan once had a vote for a United States Presidential race. Now that we have established his political […]

Woodside Petroleum is in the final stages of working out costs on its Scarborough gas and Pluto LNG expansion project, as it faces rising labor and steel costs, the company’s boss said on Tuesday. The Scarborough development offshore Western Australia will feed an expansion of Woodside’s Pluto LNG (liquefied natural gas) plant, with the combined project previously estimated at $11.4 billion. Acting CEO Meg O’Neill, who took the reins in April, said the company is facing skyrocketing steel prices for a project where raw steel costs amount to 10% or 15% of total costs, and acknowledged that there is tight competition for workers amid a mining boom in Western Australia. At the same time, she said Woodside had been able to work out some cost savings in the project design with its contractors after putting it on hold last year, when oil and gas prices crashed amid the COVID-19 pandemic. “It’s probably too early to say, but there’s some cost pressures on the ledger, there’s some cost savings on the ledger and as soon as we have those updated bids from our contractors, we’ll be communicating with our shareholders,” O’Neill said at Credit Suisse’s 8th Australian energy conference. The Scarborough and Pluto LNG expansion project is the company’s only big growth option in the near term. Woodside is targeting a final investment decision with its partner BHP Group within the next six months. The Western Australian government said on Tuesday it had approved Woodside’s plan to cut emissions from the Pluto LNG project by 30% by 2030 and reach net zero by 2050, which the state’s environment minister said represented a sharp reduction in emissions from levels approved in 2007. The gas industry two years ago fought to block a proposal by the state’s environment regulator that would have required all new projects with carbon emissions of more than 100,000 tonnes to fully offset their emissions. Source - www.oedigital.com
Fossil

Woodside Faces Cost Increase at $11B Scarborough Gas Project

June 10, 2021 Stu Turley

Woodside Petroleum is in the final stages of working out costs on its Scarborough gas and Pluto LNG expansion project, as it faces rising labor and steel costs, the company’s boss said on Tuesday. The […]

Coal India- energynewsbeat
Coal

India, Australia, China, Russia pushing ‘massive’ coal expansion

June 5, 2021 Stu Turley

Coal producers are actively pursuing 2.2 billion tonnes per annum of new mine projects around the world, a growth of 30 per cent from current production levels, a new report from Global Energy Monitor said on Thursday. The […]

Exploration and Production

Exxon’s Newest Activist Investor Is a ‘Space Cowboy’

June 4, 2021 Stu Turley

Exxon  announced Wednesday that a third new member has been appointed to the company’s board, following a week of vote counting after the company was caught by surprise by a shareholder insurrection last week led by activist investor Engine […]

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