Woodside Energy (ASX:WDS) faces an eight-year wait for regulatory approval that will increase its Browse Liquefied Natural Gas (LNG) Project capital expenditure by up to 78%.
Former Fortescue boss Nev Power is taking the helm of Strike Energy as part of sweeping board and management changes aimed at repositioning the WA onshore gas play ahead of a landmark December half-year
A report commissioned by Woodside Energy estimates its mammoth Browse gas project would deliver $147 billion for WA’s economy and more than $50b directly to Australian taxpayers.
The Albanese government has quietly broadened the scope of Labor’s proposed gas reservation scheme, walking back Energy Minister Chris Bowen’s assurance it would only apply to uncontracted gas volumes.
"I know an economic slam dunk when I see one," Industry Minister Tim Ayres told a Hunter business audience last week, defending the Tomago aluminium smelter rescue package.