Origin Energy quitting Beetaloo fracking project an 'indicator' of gas industry’s future, analyst says
2 years, 6 months ago

Origin Energy quitting Beetaloo fracking project an 'indicator' of gas industry’s future, analyst says

ABC  

Origin Energy's decision to withdraw from fracking the Northern Territory's Beetaloo Basin could be a sign of the gradual declining role of gas in Australia, says Tony Wood, energy program director at the Grattan Institute. Key points: Origin plans to sell its exploration interests in the Beetaloo Basin for $60 million Energy analyst Tony Wood says the decision is significant for Australia's energy outlook He says it is a "clear indicator" the value of fossil fuels could start "falling away" Announcing the decision on Monday, Origin said it will sell its exploration interests in the basin to Tamboran Resources and its substantial shareholder, Bryan Sheffield, for $60 million, subject to consent from the NT government. Former Origin executive says 'more companies should follow' Andrew Stock, a former Origin executive turned Climate Council energy analyst, welcomed the gas giant's decision to abandon plans to frack the Beetaloo Basin. "Origin's move to walk away from the Beetaloo Basin, and its other petroleum exploration areas, shows that the company recognises the crumbling case for new gas exploration in Australia," he said.

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History of this topic

Tamboran Resources, NT government face another Beetaloo Basin fracking challenge under novel 'third party' laws
6 months ago

Tamboran Resources, NT government face another Beetaloo Basin fracking challenge under novel 'third party' laws

ABC  

An influential environment group has mounted further legal action against the NT government in its bid to stop a US oil and gas company from fracking in the Beetaloo Basin a week after the NT Supreme Court rejected a similar challenge. Environment Centre Northern Territory filed an urgent application in the NT Civil and Administrative Tribunal this week urging it …

NT government signs deal with Tamboran Resources to buy Beetaloo Basin gas
11 months ago

NT government signs deal with Tamboran Resources to buy Beetaloo Basin gas

ABC  

In short: The agreement with Tamboran Resources will provide the NT with 40 terajoules of gas per day starting in 2026, NT chief minister Eva Lawler says. The agreement with Tamboran Resources will provide the NT with 40 terajoules of gas per day starting in 2026, NT chief minister Eva Lawler says. The Northern Territory government has signed a nine-year …

Paediatricians sign joint letter urging NT government to withdraw Beetaloo Basin fracking support
1 year, 9 months ago

Paediatricians sign joint letter urging NT government to withdraw Beetaloo Basin fracking support

ABC  

Dozens of paediatricians are pleading for the Northern Territory government to withdraw support for a full-scale fracking industry, citing direct and indirect health risks. Key points: Paediatricians sign letter opposing an onshore shale gas industry in the Northern Territory The NT government approved a full-scale fracking industry in the Beetaloo Basin last month Chief Minister Natasha Fyles says the NT's …

Scientists send joint letter to NT government calling for ban on fracking in Beetaloo Basin
1 year, 10 months ago

Scientists send joint letter to NT government calling for ban on fracking in Beetaloo Basin

ABC  

Almost 100 scientists have published an open letter to the Northern Territory government urging it to abandon plans for fracking in the Beetaloo Basin, warning of "the damage it will inflict on our climate". Key points: Scientists call for an end to new fracking in the NT, warning it will add 89 million tonnes of emissions to the atmosphere annually …

The NT government has green-lit fracking in the Beetaloo Basin. What does it mean?
1 year, 10 months ago

The NT government has green-lit fracking in the Beetaloo Basin. What does it mean?

ABC  

After more than a half decade of uncertainty, the Northern Territory government has green-lit fracking in the Beetaloo Basin. In announcing the long-awaited decision, the government said environmental risks could be safely managed and that a full-scale onshore gas industry would provide significant economic benefits to the Northern Territory. Earlier this year, Federal Climate Change and Energy Minister Chris Bowen …

NT government announces fracking in the Beetaloo Basin can go ahead
1 year, 10 months ago

NT government announces fracking in the Beetaloo Basin can go ahead

ABC  

The Northern Territory government will allow a full-scale onshore gas industry to go ahead in the gas-rich Beetaloo Basin, five years after a moratorium on fracking was lifted. Key points: The NT Government will allow fracking to go ahead in the Beetaloo Basin They say they have implemented all 135 recommendations of the Pepper inquiry Scientists claim they have not …

Proponents of fracking in the Beetaloo Basin welcome the Greens' safeguard mechanism amendments, say they create 'certainty'
2 years ago

Proponents of fracking in the Beetaloo Basin welcome the Greens' safeguard mechanism amendments, say they create 'certainty'

ABC  

The Greens are claiming the Beetaloo Basin gas project has been "derailed" through amendments to the federal government's safeguard mechanism. Key points: Australia's 215 largest-polluting facilities will be captured by the federal government's safeguard mechanism The Greens have secured amendments which will see all scope one Beetaloo Basin emissions offset The biggest player in the basin says similar rules have …

Northern Territory government denies Beetaloo Basin gas plans in doubt despite no federal support for offsets
2 years ago

Northern Territory government denies Beetaloo Basin gas plans in doubt despite no federal support for offsets

ABC  

No federal support is on the table for Territory Labor's promise to ensure that all Beetaloo Basin emissions are offset, as the territory cabinet weighs its decision on whether to allow full-scale fracking to go ahead. Key points: The federal government is not offering policy changes that will ensure Beetaloo emissions are offset, despite a promise by the territory government …

Beetaloo Economic Alliance website uses 'astroturfing' strategies, anti-fracking group claims
2 years, 1 month ago

Beetaloo Economic Alliance website uses 'astroturfing' strategies, anti-fracking group claims

ABC  

Ray Dimakarri Dixon has been a long-time critic of fracking in the Northern Territory's Beetaloo basin. Key points: An anti-fracking group says the "Beetaloo Economic Alliance" falsely promotes itself as a grassroots movement Its website advocates the benefits of developing a gas-rich region in the NT Mudburra elder Ray Dimakarri Dixon says his photo has been used without his permission …

CSIRO under fire over 'nonsense' report on fracking offsets for Beetaloo Basin greenhouse gas emissions
2 years, 1 month ago

CSIRO under fire over 'nonsense' report on fracking offsets for Beetaloo Basin greenhouse gas emissions

ABC  

The CSIRO is defending a report on the prospect of offsetting massive new greenhouse gas emissions from developing the Beetaloo Basin, in the face of calls for the findings to be reviewed or thrown out. Key points: The report was published by a research arm of CSIRO that is partly funded by the gas industry An offsets integrity whistleblower says …

Offsetting Beetaloo Basin emissions would require unproven CCS technology, off-limits international credits, CSIRO finds
2 years, 1 month ago

Offsetting Beetaloo Basin emissions would require unproven CCS technology, off-limits international credits, CSIRO finds

ABC  

A report finding that carbon pollution from a new fracking industry in the Northern Territory could be offset relies on unproven technology and "wildly unrealistic" assumptions, according to one of Australia's most respected climate authorities. Key points: The report comes from a research arm of the CSIRO funded by the gas industry It finds that offsetting some greenhouse gas emissions …

Anti-fracking group launches Supreme Court action against the NT government's approval of Beetaloo Basin exploration plan
2 years, 1 month ago

Anti-fracking group launches Supreme Court action against the NT government's approval of Beetaloo Basin exploration plan

ABC  

An anti-fracking group has launched a Supreme Court action against the Northern Territory government's decision to approve a gas company's fracking plans in the Beetaloo Basin. Key points: NT Environment Minister Lauren Moss approved a plan by Tamboran Resources to frack 12 wells in the Beetaloo Basin as it explores for shale gas The company's environment plan included a breakdown …

NT chief minister says states, Commonwealth must help offset emissions to obtain Beetaloo Basin gas
2 years, 3 months ago

NT chief minister says states, Commonwealth must help offset emissions to obtain Beetaloo Basin gas

ABC  

The federal government and states with gas shortages will have to work with the Northern Territory on offsetting emissions if new supplies from the Beetaloo Basin are to be unlocked, Territory Labor says. Key points: A new report says an agreement to ensure all emissions from fracking the Beetaloo Basin are offset is "still being worked out" Labor has said …

Oil and gas industry will no longer get free water in NT, questions remain for other big industries
2 years, 5 months ago

Oil and gas industry will no longer get free water in NT, questions remain for other big industries

ABC  

For the first time, major industries in the Northern Territory will be charged for the water they use, in a policy shift the Environment Minister says is aimed at "bigger industries", not "small businesses and small farmers trying to make a go of it". Key points: The NT government has announced it will charge the oil and gas industry for …

What does Origin Energy backing out of gas exploration mean for the Channel Country?
2 years, 6 months ago

What does Origin Energy backing out of gas exploration mean for the Channel Country?

ABC  

On a stormy afternoon, grazier Kerri Pidgeon and her husband Ken Griffiths are checking creek levels on their sprawling cattle station. Key points: Origin Energy is abandoning its fracking ambitions in Queensland's Channel Country The move is being welcomed by traditional owners, graziers and lobby groups Advocates say their fight to protect the sensitive river system is far from over …

Tamboran Resources buys Origin Energy's Beetaloo Basin gas exploration stakes
2 years, 6 months ago

Tamboran Resources buys Origin Energy's Beetaloo Basin gas exploration stakes

ABC  

A company facing fines for refusing to front a senate committee investigating gas subsidies has overnight become the biggest player in the Northern Territory's Beetaloo Basin. Key points: Tamboran Resources secured $195 million during its capital raise to buy Origin's permits The project is now heavily backed by American billionaire Bryan Sheffield Tamboran's CEO says he "couldn't disagree more" that …

Origin Energy backs out of investment into on-shore gas exploration in Beetaloo Basin
2 years, 6 months ago

Origin Energy backs out of investment into on-shore gas exploration in Beetaloo Basin

ABC  

Gas giant Origin Energy is abandoning plans to frack for gas in the Northern Territory’s Beetaloo Basin. Key points: Origin expects to record a non-cash post-tax loss of $70 to $90 million from its divestment The energy company has been exploring gas fields in the Beetaloo for eight years It will still receive "competitively priced gas supply" if development proceeds …

Beetaloo Basin stakeholders in the dark over Senate inquiry's final report examining fracking
2 years, 7 months ago

Beetaloo Basin stakeholders in the dark over Senate inquiry's final report examining fracking

ABC  

The outcome of a months-long Senate inquiry into a Northern Territory gas field has been left hanging in the balance following several delays and the commencement of a new federal parliament. Key points: A final report into gas exploration in the Northern Territory's Beetaloo Basin was due to be handed down on Tuesday following delays Under a new parliament, the …

Fracking watchdog says NT still lacking federal government commitment on Beetaloo Basin emissions promise
2 years, 8 months ago

Fracking watchdog says NT still lacking federal government commitment on Beetaloo Basin emissions promise

ABC  

A Northern Territory government promise to ensure all greenhouse gas emissions from fracking the Beetaloo Basin will be offset is in doubt, according to a government-appointed policy watchdog. Key points: The promise was made by Territory Labor when it lifted the NT's moratorium on fracking in 2018 The watchdog says the NT needs the Commonwealth's support in order to fulfil …

Industry says gas from the Beetaloo Basin could solve Australia's energy crisis. Some energy analysts question that claim
2 years, 8 months ago

Industry says gas from the Beetaloo Basin could solve Australia's energy crisis. Some energy analysts question that claim

ABC  

The Northern Territory's remote Beetaloo Basin was former prime minister Scott Morrison's gas-led recovery poster child, and the plan to develop the region has been wholeheartedly backed by the Albanese government. Key points: The gas industry is arguing that the Beetaloo Basin should be developed to help end the energy crisis Analysts doubt its economics will stack up before the …

Sweetpea gas company begins fracking exploration on Beetaloo Basin station
2 years, 9 months ago

Sweetpea gas company begins fracking exploration on Beetaloo Basin station

ABC  

A gas company has started exploratory work on a Northern Territory cattle property despite opposition from the station's pastoralists and some traditional owners against fracking. Key points: Sweetpea Petroleum starts gas exploration works on Tanumbirini Station Station owners and some traditional owners are opposed to fracking NT Civil and Administrative Tribunal forced pastoralists to allow access Gas company Sweetpea began …

NT and federal government sign off on funding deal to accelerate Beetaloo Basin gas production
2 years, 11 months ago

NT and federal government sign off on funding deal to accelerate Beetaloo Basin gas production

ABC  

The Commonwealth and Northern Territory governments have signed a major deal to further speed up fracking and increase energy supply from a giant underground gas field in the remote NT. Key points: The multi-million dollar deal aims to accelerate gas production Exploration is underway to frack the Northern Territory's Beetaloo Basin The NT government says commitments around greenhouse gas emissions …

Gas industry peak body tells Beetaloo Basin Senate inquiry fracking cannot happen without consent from traditional owners
3 years ago

Gas industry peak body tells Beetaloo Basin Senate inquiry fracking cannot happen without consent from traditional owners

ABC  

The chief executive of Australia's peak body for the oil and gas industry says no fracking will occur in the Northern Territory's Beetaloo Basin without consent from affected traditional owners or pastoralists. Key points: Fracking the Northern Territory's gas-rich Beetaloo Basin was the subject of a Senate inquiry held in Darwin on Tuesday Traditional owners told the inquiry they have …

A Senate inquiry into the gas-rich Beetaloo Basin is sitting in Darwin today. Here's what it means
3 years ago

A Senate inquiry into the gas-rich Beetaloo Basin is sitting in Darwin today. Here's what it means

ABC  

More than 500 million years ago, long before dinosaurs roamed the Earth, a unique formation began developing in what is now the Northern Territory. It is mainly examining the Australian government's decision to hand out $50 million worth of grants to oil and gas companies looking to explore the gas-rich Beetaloo. Federal Resources Minister Keith Pitt has said gas production …

NT cattle station owners take on fight against gas company Sweetpea Petroleum over Beetaloo Basin fracking concerns
3 years ago

NT cattle station owners take on fight against gas company Sweetpea Petroleum over Beetaloo Basin fracking concerns

ABC  

A legal fight is brewing between cattle producers and a mining company that is looking to explore for gas in the Northern Territory's Beetaloo Basin. Key points: Sweetpea Petroleum plans to explore for gas in the Beetaloo Basin, with the support of a federal government grant Local cattle station owners are fighting to stop the gas company from drilling on …

Australian sanctions against Russian oligarch Viktor Vekselberg unlikely to affect Beetaloo Basin gas exploration, says Origin Energy
3 years ago

Australian sanctions against Russian oligarch Viktor Vekselberg unlikely to affect Beetaloo Basin gas exploration, says Origin Energy

ABC  

A gas company exploring the Northern Territory's Beetaloo Basin says Australian sanctions against a Russian billionaire with links to the project are unlikely to affect its drilling activities. Key points: The Australian government has sanctioned two more Russian oligarchs in response to the war in Ukraine Billionaire Viktor Vekselberg has stakes in a company linked to Origin Energy's gas exploration …

Resources Minister reissues millions in 'invalid' grants to fracking company
3 years, 1 month ago

Resources Minister reissues millions in 'invalid' grants to fracking company

ABC  

Resources Minister Keith Pitt has reissued millions of dollars in grants to a fracking company searching for gas buried deep in the Beetaloo Basin, just months after a federal judge ruled the grants invalid and "legally unreasonable". Key points: The Federal resources Minister has announced $19.4 million in grants to support gas exploration in the NT’s Beetaloo Sub-Basin The Federal …

Empire Energy wins full approval for more fracking in Beetaloo Basin as climate advocates slam NT government
3 years, 5 months ago

Empire Energy wins full approval for more fracking in Beetaloo Basin as climate advocates slam NT government

ABC  

The gas company at the centre of a legal challenge to a multi-million-dollar subsidy program for fracking in the Beetaloo Basin has won full environmental approval to start work. Key points: Empire Energy has received full approvals to start controversial drilling in the Beetaloo Basin Environment Minister Eva Lawler says the gas company met all the necessary requirements Climate advocates …

Fracking plans in Beetaloo Basin partially approved after gas company given $21 million
3 years, 6 months ago

Fracking plans in Beetaloo Basin partially approved after gas company given $21 million

ABC  

A gas company awarded millions of dollars in federal funding to speed up its fracking exploration in the Northern Territory's Beetaloo Basin has said it will begin some works within days, despite a decision on final environmental approvals still pending. Key points: Empire Energy was awarded $21 million in government grants for exploration in the Beetaloo Basin The company's environmental …

NT government quietly terminates $1.3 million contract for Beetaloo Basin fracking study
3 years, 11 months ago

NT government quietly terminates $1.3 million contract for Beetaloo Basin fracking study

ABC  

The Northern Territory government has quietly torn up a lucrative contract for key work required before full-scale fracking in the Beetaloo Basin can go ahead, putting a question mark over timelines for developing the gas-rich region. Key points: The NT government awarded the $1.3 million tender to a WA firm last July It was later rescinded because work wasn't completed …

Commonwealth tips another $173 million into Beetaloo Basin gas reserve, insists emissions targets on track
4 years, 2 months ago

Commonwealth tips another $173 million into Beetaloo Basin gas reserve, insists emissions targets on track

ABC  

The Federal Government is accelerating plans to develop a major gas basin in the Northern Territory, investing a further $173 million dollars into the Beetaloo Basin shale gas reserve. Federal Resources Minister Keith Pitt today claimed the basin was "expected to be one of the best basins in the world for gas" and said the Government's continued financial support was …

Beetaloo Basin gas fracking wells to be challenged by new Aboriginal corporation in bid to protect environment
4 years, 6 months ago

Beetaloo Basin gas fracking wells to be challenged by new Aboriginal corporation in bid to protect environment

ABC  

In the middle of the Federal Government's planned "gas-led recovery", the future of the Beetaloo Basin is in doubt because traditional owners have decided they want to take over the power to negotiate with gas companies. Key points: The Beetaloo Basin has been designated as a strategic basin as part of the Federal Government's "gas-led recovery" Traditional owners vote to …

Beetaloo Basin: What do we know about the region at the heart of the NT fracking debate?
6 years, 11 months ago

Beetaloo Basin: What do we know about the region at the heart of the NT fracking debate?

ABC  

Love it or hate it, a decision on fracking in the Northern Territory appears imminent. After 15 months of research and community consultation, the Scientific Inquiry into Hydraulic Fracturing concluded the challenges and risks associated with any onshore shale gas industry in the NT could be "appropriately managed". Around 70 per cent of the Territory's prospective shale gas resources are …

NT Government told risks can be mitigated if fracking moratorium is lifted
7 years ago

NT Government told risks can be mitigated if fracking moratorium is lifted

ABC  

The Northern Territory Government is expected to soon decide if it will lift a fracking moratorium, after an 15-month inquiry concluded the risks associated with the industry could be managed. Key points: The NT hydraulic fracking inquiry has delivered a final report to the NT Government It will inform the Government's decision whether to lift a moratorium on the industry …

NT fracking debate continues as Origin allows access to exploration well
8 years, 5 months ago

NT fracking debate continues as Origin allows access to exploration well

ABC  

At a time when shale gas exploration and its impact on groundwater are being fiercely debated in the Northern Territory, Origin has allowed ABC Rural access to one its exploration wells. Mr Dunbar said he was worried his water supply would be contaminated by "either leaky bores or the process could frack the material into the Bukalorkmi sandstone waterbed and …

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