Offshore wind developer BlueFloat Energy has abandoned plans for one of Victoria’s most advanced offshore wind projects after failing to secure a buyer, dealing a fresh blow to the state’s ambitious clean-energy transition.
West Australian Premier Roger Cook says Australia’s gas industry should get more credit for helping high-emitting trading partners wean themselves off, coal and business and governments need to fight harder to make that case with the public.
Exxon Mobil Corp (NYSE:XOM, ETR:XONA)’s Australian subsidiary Esso has scaled back initial claims of a major gas discovery in the Bass Strait, significantly reducing the estimated volume and dampening optimism about a near-term solution to the east coast energy supply crunch.
The revision will embarrass Exxon, one half of the dominant supplier of gas to the east coast – and temper hopes that the discovery will delay an economically damaging shortfall.
West Australian Premier Roger Cook has warned of major trade concerns in Japan about the Albanese government’s move to consider an east coast gas reservation, after a visit where he met with senior government and industry officials.
Labor’s plans to establish a nationwide offshore wind industry have been dealt a fresh blow after Norwegian oil and gas giant Equinor confirmed it had walked away from one of its last remaining Australian projects.
Australia’s net zero policies are driving a rapid de-industrialisation, as energy-intensive industries struggle to remain viable under rising costs and regulatory burdens.
Queensland’s largest green hydrogen project is on the scrap heap after state government-owned Stanwell Corporation announced its withdrawal from the international consortium developing the estimated $12.5 billion production plant and pipeline.
Energy Minister Chris Bowen has announced a new review into gas market regulations in a “comprehensive and methodical look at key measures” introduced by various governments on energy supply and prices.
Australia’s largest green hydrogen project has been terminated, with the collapse of the inter¬national consortium developing the $12.5bn plant and pipeline in Gladstone.