Northern Endeavour oil vessel without power for weeks in Timor Sea
The blackout is another problem in a clean-up effort of an ex-Woodside vessel that will cost Australia's oil and gas producers well over $1 billion.
The idea is one of many around Australia that would delay the cost of decommissioning old infrastructure.
If Woodside absorbs BHP's oil & gas assets new laws ensure the massive decommissioning liability falls to one of the companies, not the Australian taxpayer, unlike the Northern Endeavour.
Buying BHP’s Australian oil and gas assets could allow Woodside to escape its lost decade, but its shareholders and Australian taxpayers should count their fingers after the handshake.
BHP's climate target excludes the Bass Strait, North West Shelf and future Scarborough LNG on the incorrect basis that the operator controls the emissions, not the joint owners.
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