The Australian president of global oil and gas major Chevron has told a business audience that his bosses are confused and frustrated by Australian regulatory settings.
Western Australia’s mining sector is entering a defining phase of growth and transition, with the WA Mining Conference and Exhibition (WA Mining) set to bring industry leaders together in Perth this September.
BP has sold down a stake in the giant Browse gas project in Western Australia to South Korea, adding to momentum to develop supplies through the North-West Shelf.
Foreign oil and gas giants that have invested in Queensland’s $80 billion LNG export sector could be saddled with individual obligations to supply local customers under the domestic gas reservation scheme proposed by the Albanese government.
The chairman of global oil giant Chevron says Australia is a prime example of a country that has risked fuel shortages because of poor policy choices, adding it would be too expensive to develop new local reserves.
Fossil fuel spending in 2026 will hit its highest levels in a decade, with annual growth in renewables set to fall as the Iran war pushes Asian nations to keep coal power plants running for longer to boost energy security, the International Energy Agency said.