Category: News

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.

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.

The Queensland Budget this week revealed that the former Labor government wasted a rainy-day fund on various renewable and hydrogen pet projects.

Gina Rinehart says net zero is an “unobtainable and expensive magic pudding”, and believes Australia should follow the lead of the US.

Gina Rinehart says net zero is an “unobtainable and expensive magic pudding”, and believes Australia should follow the lead of the US.

Gina Rinehart has lashed net zero as “unobtainable and expensive”, while celebrating Hancock Prospecting and Rio Tinto’s Hope Downs 2 $2.5 billion investment call.