Resources and energy old
Perth, the Resources and Energy Capital of the Indo-Pacific Region
Western Australia is blessed with an extraordinary natural endowment of minerals and petroleum, and Perth has established itself as the Resources and Energy Capital of the Indo-Pacific Region. Today, the city is home to more than 100 resources and energy companies, with eight of the world’s 14 largest international energy companies having offices in Perth. Those located in the city include ExxonMobil, Shell, Kuwait Petroleum Corporation, BP, Total, ENI, Chevron, Equinor, ConocoPhillips, Schlumberger, BHP, Woodside, and Santos. Major employers in mining include Wesfarmers, Rio Tinto, BHP, Fortescue Metals Group, Alcoa, and Monadelphous.
Perth is the only Australasian member of the World Energy Cities Partnership, which promotes the exchange of industry knowledge and economic development expertise and strategies between its 20-member cities globally.
In 2017-18, the state’s global trade in minerals and petroleum was worth $109.6 billion, with iron ore alone worth $60.7 billion. The state is also rated the fifth most attractive mining investment destination in the world. And the future for the sector looks bright with $108.2 billion worth of projects in Western Australia either under construction or in planning.
Western Australia now has eight (8) renewable energy plants of at least 5MW generating electricity with a combined capacity of 430.4 MW. The largest of these, the Collgar Wind Farm has a 206MW capacity. More than $1b is to be spent that will almost treble the renewable generation in our grid over the next two years with plans to add 900 MW of new projects under new Generator Interim Access offers.