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Chevron 2006 Annual Report
2006 Annual Report LETTER TO STOCKHOLDERS 2 EMERGING ENERGY 10 OPERATING HIGHLIGHTS 18 FIVE-YEAR OPERATING SUMMARY 85 THE ENERGY PORTFOLIO: EFFICIENT ENERGY 12 GLOSSARY OF ENERGY FIVE-YEAR FINANCIAL SUMMARY 86 CONVENTIONAL ENERGY 6 HUMAN ENERGY 14 AND FINANCIAL TERMS 24 BOARD OF DIRECTORS 1 0 1 UNCONVENTIONAL ENERGY 8 CHEVRON PERSPECTIVES 16 FINANCIAL REVIEW 25 CORPORATE OFFICERS 102 Demand for energy continues to rise, posing a clear challenge for our industry: how to develop new and better ways to produce, process, use and deliver all forms of energy — from conventional crude oil and natural gas to the emerging sources of the future. At Chevron, we recognize the world needs all the energy we can develop, in every potential form. We’re managing our energy portfolio to deliver that energy — and to create growth and value for our stockholders, our customers, our business partners and the communities where we do business. The energy portfolio CONVENTIONAL UNCONVENTIONAL EMERGING EFFICIENT HUMAN ENERGY ENERGY ENERGY ENERGY ENERGY 6 8 10 12 14 TO OUR STOCKHOLDERS 2006 was an exceptional year for our company. We continued to deliver value to our stockholders and to make strategic investments that will drive sustained, superior performance over the long term. We reported record net income of $17.1 billion on sales and other operating revenues of approximately $205 billion. For the year, total stockholder return was 33.8 percent, which was more than double the rate of return delivered by the S&P 500. Return on capital employed was a strong 22.6 percent. We continued to return cash to stock- holders through our stock buyback program, purchasing $5 billion worth of shares in the open market, and we increased our annual dividend for the 19th year in a row. -
University Capture
THE AUSTRALIA INSTITUTE University Capture Australian universities and the fossil fuel industries Clive Hamilton and Christian Downie The Australia Institute Discussion Paper Number 95 June 2007 ISSN 1322-5421 ii © The Australia Institute This work is copyright. It may be reproduced in whole or in part for study or training purposes only with the written permission of the Australia Institute. Such use must not be for the purposes of sale or commercial exploitation. Subject to the Copyright Act 1968, reproduction, storage in a retrieval system or transmission in any form by any means of any part of the work other than for the purposes above is not permitted without written permission. Requests and inquiries should be directed to The Australia Institute. The Australia Institute iii Table of Contents Table of Contents iii Tables and Figures iv Acknowledgments v Summary vii 1. Introduction 2 1.1 Commercialisation of universities 2 1.2 Academic freedom 3 1.3 University capture 4 2. Involvement of fossil fuel companies in Australian universities 8 2.1 Fossil fuel industry associations 8 2.2 Fossil fuel companies 10 3. Three case studies 16 3.1 Introduction 16 3.2 The University of Queensland 16 3.3 The University of Western Australia 20 3.4 Curtin University of Technology 23 4. Conclusions 28 References 30 The Australia Institute iv Tables and Figures Table 1 Some examples of the revolving door between the fossil fuel 11 industries and university governance Table 2 Some fossil fuel sponsored academic positions at Australia 13 universities Figure 1 ACARP funding for research, in millions, 2000-2006 9 The Australia Institute v Acknowledgments The authors would like to thank Professor Stuart Macintyre and Professor Simon Marginson for refereeing this paper. -
Senate Inquiry Into Corporate Tax Avoidance and Minimisation
Shell Australia Pty Ltd Committee Chair ABN 14 009 663 576 Senate Economics References Committee 2 Victoria Avenue PO Box 6100 Perth WA 6000 Parliament House Australia CANBERRA ACT 2600 Tel +61 8 9338 6000 Internet www.shell.com.au Correspondence 29 July 2015 PO BOX A47 CDC Perth WA 6837 Senate Inquiry into corporate tax avoidance and minimisation Shell Australia1 welcomes the opportunity to make this submission in response to your letter of 14th July 2015. 1. Background – About Shell Shell2 is a global group of energy and petrochemical companies, with its headquarters in The Hague, the Netherlands. Shell operates in over 70 countries around the world and employs around 94,000 people. In April 2015, the Boards of Royal Dutch Shell plc and BG Group plc agreed the terms of a proposed merger. The parties are targeting completion of the transaction in early 2016 and are currently seeking regulatory approvals in a number of jurisdictions. Subject to obtaining these approvals, the companies’ shareholders will then be asked to support the proposal. Shell in Australia Shell has been in Australia since 1901 and the Australian business forms an important part of Shell’s global natural gas business. Historically, our significant investments in Australia spanned across both the downstream and upstream sectors. In 2014 Shell sold its downstream refining, marketing and retail distribution operations to Vitol, and our business is now largely focused within the upstream sector – although Shell continues to supply aviation fuels and lubricants. 1 “Shell Australia” refers to Shell Australia Pty Ltd or any of the members of the Australian tax consolidated group of which Shell Energy Holdings Australia Ltd (SEHAL) is the head company. -
Royal Dutch Shell 2007 Annual Review
Delivery and growth Royal Dutch Shell plc Annual Review and Summary Financial Statements 2007 Delivery and growth are the basis for our success. We aim to SELECTED FINANCIAL DATA deliver major new energy projects, top-quality operational e selected financial data set out below is derived, in part, from performance and competitive returns while investing in new the Consolidated Financial Statements. e selected data should developments to secure the growth of our business . be read in conjunction with the Summary Consolidated Financial Delivery is doing what we say. Growth is our future . Statements and related Notes, as well as the Summary Operating and Financial Review in this Review. With effect from 2007, wind and solar activities, which were previously reported withi n Other industry segments, are reported within the Gas & Power segment and Oil Sands activities, which were previously reported within the Exploration & Production segment, are reported as a separate segment. During 2007, the hydrogen and CO 2 coordination activities were moved from Other industry segments to the Oil Products segment and all other activities within Other industry segments are now reported within the Corporate segment. CONSOLIDATED STATEMENT OF INCOME DATA $ million 2007 2006 2005 Revenue 355,782 318,845 306,731 Income from continuing operations 31,926 26,311 26,568 Income/(loss) from discontinued operations ––(307) Income for the period 31,926 26,311 26,261 Income attributable to minority interest 595 869 950 Income attributable to shareholders of Royal Dutch -
The Gas Supply Chain in Eastern Aust NERA
June 2007 The Gas Supply Chain in Eastern Australia A report to the Australian Energy Market Commission Project Team Greg Houston Katherine Lowe Tara D’Souza Adrian Kemp NERA Economic Consulting Darling Park Tower 3 201 Sussex Street Sydney NSW 2000 Tel: +61 2 8864 6500 Fax: +61 2 8864 6549 www.nera.com The Gas Supply Chain in Eastern Contents Australia Contents 1. Introduction 1 2. Gas consumption in eastern Australia 3 2.1. Historic estimates of consumption 3 2.2. Forecast growth in consumption 8 3. Upstream gas production 10 3.1. Overview of the sources of supply in eastern Australia 10 3.2. Physical and economic characteristics 12 3.3. Market structure 15 3.4. Wholesale gas supply arrangements 23 3.5. Gas prices in eastern Australia 32 4. Transmission pipelines and other assets 36 4.1. Overview of major transmission pipelines 36 4.2. Market structure 38 4.3. Access to transmission pipelines 39 4.4. Services offered and tariff structures 41 4.5. Supply alternatives and their commercial viability 43 4.6. Other wholesale market assets 50 5. Distribution systems 52 5.1. Overview of distribution systems in eastern Australia 52 5.2. Market structure 53 5.3. Services offered and tariff structures 55 6. Risk management tools 59 6.1. Tools to manage the ex-plant price risk 59 6.2. Tools to manage gas supply volume risks 60 6.3. Swaps 63 6.4. Portfolios of gas supply contracts 64 6.5. Tools to manage transportation volume risk 65 7. Retail 66 7.1. -
Hydrogen Industry in the Illawarra, Nsw
HYDROGEN INDUSTRY IN THE ILLAWARRA, NSW A Joint Submission by Regional Development Australia (RDA) Illawarra & RDA Sydney Source: Commonwealth of Australia Australia's National Hydrogen Strategy Regional Development Australia – Illawarra and Sydney Executive Summary The Illawarra is ideally positioned for the creation of a Hydrogen Hub for NSW, as part of Australia’s National Hydrogen Strategy. An Illawarra Hydrogen Hub will leverage existing infrastructure for the production and distribution of hydrogen at Port Kembla, initially building and servicing domestic demand whilst delivering export capacity and capability by 2030. CSIRO has identified fifty-six Australian hydrogen-related projects; of these, only four are currently operating, nine are under construction and 43 are in planning or feasibility stages and may never come to fruition. By comparison, Port Kembla has been at the centre of industry and transport for over a century and has a 30- year history in the generation of hydrogen, through the existing Coregas facility. The Port of Port Kembla is a major gateway to and from Greater Sydney and will be only 60 minutes travel time from the new Western Sydney Airport. The Wilton Growth Area – just 30 minutes from Port Kembla – has a rapidly growing population and need for energy, connectivity and employment. The proximity of Port Kembla to Sydney allows fast and easy access to the largest transport market in NSW, as well as renewable energy stakeholders, key peak industry bodies and major events - providing a chance to connect, target and convert international investors into partners for NSW and the Illawarra. NUW Energy is already capitalising on this proximity through a collaboration of the best researchers from UNSW Sydney, the University of Wollongong and the University of Newcastle who are exploring our energy future. -
Thatdeliver the Strategicdrivers
5041 BHPB AR06 cover_UK 13/9/06 10:35 PM Page 1 BHP Billiton Annual Report 2006 BHP Billiton Annual Report The Strategic Drivers that deliver the Essential Elements www.bhpbilliton.com Annual Report 2006 WorldReginfo - c6478d1e-7999-4617-a7c0-05343b86108a 5041 BHPB AR06 cover_UK 13/9/06 10:35 PM Page 2 Corporate Directory BHP BILLITON GROUP MARKETING OFFICES New Zealand We are BHP Billiton, a leading global resources REGISTERED OFFICES The Netherlands Computershare Investor Services Limited Level 2/159 Hurstmere Road company. BHP BILLITON LIMITED Verheeskade 25 2521 BE The Hague Takapuna North Shore City Australia Postal Address – Bag 92119 Auckland 1020 BHP Billiton Limited Telephone (31 70) 315 6666 Telephone (64 9) 488 8777 Our purpose is to create long-term value through the BHP Billiton Centre Facsimile (31 70) 315 6767 Facsimile (64 9) 488 8787 discovery, development and conversion of natural 180 Lonsdale Street Singapore Melbourne VIC 3000 168 Robinson Road #10-01 United States resources, and the provision of innovative customer Telephone (61 3) 9609 3333 Capital Tower Computershare Investor Services Facsimile (61 3) 9609 3015 Singapore 068912 2 North LaSalle Street and market-focused solutions. Telephone (65) 6349 3333 Chicago, IL 60602 BHP BILLITON PLC Facsimile (65) 6349 4000 Postal Address – PO Box 0289 United Kingdom Chicago, IL 60690-9569 Our seven strategic drivers assist us in achieving our Neathouse Place Telephone 1 888 404 6340 objectives. These drivers are our people; our licence to London SW1V 1BH SHARE REGISTRARS AND (toll-free within US) Telephone (44 20) 7802 4000 TRANSFER OFFICES Facsimile (1 312) 461 4331 operate; our world-class assets; the way we do business; Facsimile (44 20) 7802 4111 Australia ADR Depositary, Transfer Agent and Registrar our financial strength and discipline; our project pipeline; Company Secretaries BHP Billiton Limited Registrar JPMorgan Chase Bank, NA Computershare Investor Services JPMorgan Service Center Karen J Wood (Group Company Secretary) Pty Limited PO Box 3408 and growth options. -
OUR RESOURCES at WORK BHP BILLITON LIMITED ANNUAL REPORT 2003 Your Company at Work
OUR RESOURCES AT WORK BHP BILLITON LIMITED ANNUAL REPORT 2003 Your Company at work Around the globe, every day, the commodities we supply are used to make products that enhance people’s daily lives, from power sources to computer parts to precision-made surgical instruments. In carrying out our key role in the production process, we aspire to be not only the premier supplier of natural resources and related products, but one of the world’s best companies – creating value and delivering superior, sustainable returns for our shareholders. Our Dual Listed Companies merger in June 2001 established BHP Billiton as the world’s largest diversified resources group. Based on this solid foundation, the Strategic Framework we announced in April 2002 set out the imperatives and direction for us to realise our full potential. We have continued that strategic direction and applied our energy and expertise to build on our strengths in order to ensure the long-term growth of the Company. The characteristics that differentiate BHP Billiton from other resources companies are our: • world-class assets • diverse commodity mix • global footprint • stable cash flows • strong management team • unique marketing model • deep inventory of projects • significant growth opportunities. Underpinning our earnings capability is our dedication to identifying the needs of each of our customers and responding with innovative solutions, including cross-commodity offerings that give us a distinctive competitive edge. Together, all these attributes have delivered significant progress over the past year. This Annual Report presents our 2003 results, operating reviews of our Customer Sector Groups and our key objectives for the year ahead. -
The Future of Australian LNG Exports
September 2014 The Future of Australian LNG Exports: Will domestic challenges limit the development of future LNG export capacity? David Ledesma, James Henderson* & Nyrie Palmer** OIES PAPER: NG 90 *Senior Research Fellows, OIES, **Senior Regulatory Officer, NSW Resources and Energy The contents of this paper are the authors’ sole responsibility. They do not necessarily represent the views of the Oxford Institute for Energy Studies or any of its members. Copyright © 2014 Oxford Institute for Energy Studies (Registered Charity, No. 286084) This publication may be reproduced in part for educational or non-profit purposes without special permission from the copyright holder, provided acknowledgment of the source is made. No use of this publication may be made for resale or for any other commercial purpose whatsoever without prior permission in writing from the Oxford Institute for Energy Studies. ISBN 978-1-78467-008-5 September 2014: The Future of Australian LNG Exports ii Acknowledgments The authors would like to thank everyone who helped us in drafting the paper, in Australia as well as the UK. Your contributions have helped to enrich the document and ensure accuracy of the content and conclusions September 2014: The Future of Australian LNG Exports iii Preface With seven the new LNG projects under construction and due for completion in the 2014 – 2018 timeframe amounting in addition to existing facilities, Australia is expected to overtake Qatar as the world’s largest supplier of LNG by the end of the 2010s. With its plentiful gas reserves, prior track record of LNG project execution and operation and relative proximity to the fast growing Asian LNG markets the degree of comparative advantage would seem to guarantee a benign investment environment. -
The North-West Marine Bioregional Plan
The North-west Marine Bioregional Plan North-west The The North-west Marine Bioregional Plan Bioregional Profile Bioregional Profile A Description of the Ecosystems, Conservation Values and Uses of the North-west Marine Region Photo credits: Front cover – Whale shark: Glen Cowans. Front insert – Lesser frigatebird: Tom and Marie Tarrant. Humpback whale: Mark Farrell. Olive seasnake: Great Barrier Reef Marine Park Authority. Back cover – Blowfish: Glen Cowans. Back insert – Trochus: Neil Gemmell, Department of the Environment, Water, Heritage and the Arts. Flatback turtle hatchling: Scott Laidlaw, Department of the Environment, Water, Heritage and the Arts. Manta ray: Great Barrier Reef Marine Park Authority. Inside cover – Grey reef shark: Paradise Ink. Copyright: © Commonwealth of Australia 2008 This work is copyright. Apart from any use as permitted under the Copyright Act 1968, no part may be reproduced by any process without prior written permission from the Commonwealth, available from the Department of the Environment, Water, Heritage and the Arts. Requests and inquiries concerning reproduction and rights should be addressed to: The Director Marine Bioregional Planning – North-west Marine and Biodiversity Division Edgar Waite Building Department of the Environment, Water, Heritage and the Arts 203 Channel Highway Kingston TAS 7050 Disclaimer: While reasonable efforts have been made to ensure that the contents of this publication are factually correct, the Commonwealth does not accept responsibility for the accuracy or completeness of the contents, and shall not be liable for any loss or damage that may be occasioned directly or indirectly through the use of, or reliance on, the contents of this publication. Sourcing: This publication can be viewed or downloaded in full or in sections from: <www.environment.gov.au/coasts/mbp/north-west>. -
North West Shelf Project Extension Environmental Review Document
NORTH WEST SHELF PROJECT EXTENSION ENVIRONMENTAL REVIEW DOCUMENT EPA Assessment No. 2186 EPBC 2018/8335 Revision 1 – December 2019 TABLE OF CONTENTS INVITATION TO MAKE A SUBMISSION 6 SCOPING CHECKLIST 8 1. EXECUTIVE SUMMARY 14 1.1 Introduction 14 1.1.1 Background and Context 14 1.2 Overview of the Proposal 14 1.3 Summary of Potential Impacts, Existing and Proposed Mitigations, and Outcomes 15 2. INTRODUCTION 20 2.1 Overview 20 2.2 Purpose and Scope of the Environmental Review Document 20 2.2.1 Infrastructure in Commonwealth Waters 20 2.3 Proponent 21 2.4 Proposal Description (NWS Project Extension Proposal) 21 2.5 Existing NWS Project 25 2.5.1 Existing Environmental Approvals 26 2.6 Excluded from the Proposal 27 2.7 Woodside’s Management System 27 2.7.1 NWS Project Historical Environmental Performance 27 2.8 Proposal Justification 29 3. REGULATORY, LOCAL AND REGIONAL CONTEXT 31 3.1 Regulatory Context 31 3.1.1 Environmental Impact Assessment Process 31 3.1.2 Other Approvals and Regulation 31 3.1.3 Decision-making Authorities 33 3.2 Local and Regional Context 33 3.2.1 Land Use 33 3.2.2 Other Developments in the Region 33 4. RECEIVING ENVIRONMENT 36 4.1 Meteorology 36 4.1.1 Temperature 36 4.1.2 Rainfall and Relative Humidity 36 4.1.3 Wind Speed and Wind Patterns 39 4.1.4 Climate Predictions in a Changing Climate 40 4.2 Air Quality 42 4.2.1 Air Quality Effects from Fires 43 4.2.2 Oxides of Nitrogen and Ozone 43 4.2.3 Volatile Organic Compounds (including Benzene, Toluene, Ethylbenzene, and Xylene [BTEX]) 47 4.2.4 Airborne Particulate Matter -
Argus Global LNG LNG Markets, Projects and Infrastructure
Argus Global LNG LNG markets, projects and infrastructure Volume XVI, 11, November 2020 Scenarios reveal very different Pandemic, climate to test LNG’s future: IEA outcomes for the industry after A delayed recovery from the Covid-19 pandemic and stronger climate policies 2025, writes Livia Gallarati could loosen the supply-demand balance of the global LNG market over the next decade, the International Energy Agency (IEA) says. The LNG market remains amply supplied in the first couple of years following the onset of Covid-19 in all four of the IEA’s scenarios in its World Energy Outlook 2020. But the picture could diverge by 2025, with each of the agency’s scenarios revealing very different outcomes for the LNG industry. Japanese LNG vs crude A supply gap emerges in the late 2020s in the stated policies scenario (STEPS), $/mn Btu Diff in which Covid-19 is gradually brought under control in 2021 and governments 14 Japanese Crude Cocktail pursue today’s announced policy intentions and targets. As-yet-unsanctioned LNG LNG 12 projects with an additional 50bn m³/yr (39mn t/yr) of production capacity need 10 to come on line by 2030 to meet rising gas demand under this scenario, which reaches 4.6 trillion m³/yr by the same year. 8 hhhhhhhhhhh But if recovery is delayed because of extended Covid-19 outbreaks and a 6 deeper economic slump, as in the IEA’s delayed recovery scenario (DRS), or if 4 there were to be a concerted policy push for sustainable recovery, as in the sus- Apr Jul Oct Jan Apr Jul 19 20 tainable development scenario (SDS), the liquefaction capacity existing or under construction today continues to operate below capacity until 2025 and is suffi- cient to meet global demand through the end of this decade.