Tagged

Decommissioning

Oil and gas producers are required to plug and abandon wells and remove equipment when production ends.

Decommissioning

Tardy BHP ordered to clean up three oil and gas fields offshore WA and Victoria

Offshore regulator NOPSEMA has had enough of BHP's "limited action" and ordered the decommissioning of three fields, adding to the cleanup bill heading towards Woodside shareholders.

Decommissioning

WA onshore and coastal oil & gas clean up to cost billions

Santos and Chevron, through Varanus and Barrow Islands, have a big part to play in the clean up of 1000 oil and gas wells in WA, with about 300 ready to be plugged now.

Decommissioning

BHP and Woodside deal will not escape tougher decommissioning laws

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.

Safety

Out of control lift of Santos platform off WA could have killed

Terrifying video shows an offshore lift that went badly wrong off the WA coast in early July endangering workers hanging off a platform and those on the vessel.

Woodside Petroleum

Woodside + BHP Aussie oil & gas: inspiration or desperation?

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.

Decommissioning

Government hurries to tow Northern Endeavor away by mid-2023

The Federal Government is seeking a contractor to move the troubled Northern Endeavour oil vessel but first it has to be made safe for towing.

Decommissioning

Oil and gas producers to start paying up to $1B to decommission the Northern Endeavour

Australia's oil and gas industry has lost the fight not to bear the full cost of cleaning up after an oil vessel in the Timor Sea with a bankrupt owner.

Decommissioning

Regulator blasts ExxonMobil’s Bass Strait maintenance, orders huge decommissioning push

Bass Strait partners ExxonMobil and BHP must plug 180 wells, dismantle ten platforms and tackle life-threatening corrosion after intervention by offshore safety regulator NOPSEMA.

Decommissioning

Offshore oil & gas producers to pay for $1B Northern Endeavour cleanup

For every dollar Woodside saved in 2015 selling the Northern Endeavour, the oil and gas industry may have to pay back threefold after the Federal Government moved to protect ordinary taxpayers from the cost of decommissioning the vessel and oil field.

Carbon capture and storage

Santos and ENI team up to tackle dirty gas and decommissioning

Santos and ENI are looking for solutions for CO2 and removing old facilities in the waters north of Darwin. Time will tell if the problems are solved or just delayed.

Decommissioning

Regulator calls time on delays to $52B offshore oil and gas decommissioning

Regulator NOPSEMA has wrested control of the schedule for cleaning up Australia's offshore oil and gas fields from tight-fisted operators in a move that may result in an offshore jobs boom later this decade.

Decommissioning

Pitt to oil and gas: you can sell assets but not escape liabilities

Investors in Australia's offshore oil and gas industry will find it harder to avoid paying to clean up the assets they profited from under draft legislation released today.

Decommissioning

Australian offshore oil and gas industry has a $52B clean-up bill

Much of the $52 billion cost to decommission Australia's offshore oil and gas infrastructure will fall on the Federal Government via the tax system and work has started to boost industry collaboration and find cost savings.

Decommissioning

Regulator tells Woodside to clean up oil field and may take legal action

Woodside's own lack of maintenance means it cannot dispose of an 83m-long structure onshore as planned and will instead sink it to be an artificial reef near the Ningaloo Marine Park

Decommissioning

Australia told ExxonMobil CEO 'no easy exit' before $3B Bass Strait sale canned

Resources Minister Keith Pitt warned ExxonMobil ceo Darren Woods he would tighten rules for selling offshore oil and gas assets and shortly after the US major canned its Bass Strait exit.

Decommissioning

ENI’s Australian clear out prompts clean up order

ENI's plan to sell out of Australia and leave offshore decommissioning liabilities to others has struck trouble from regulator NOPSEMA and new Government policy proposals.

Decommissioning

Northern Endeavour debacle hits $209M with much more to come

The Government will spend $130 million to look after the Northern Endeavour in 2021 and has the oil and gas industry in its sights for the total bill of more than half a billion dollars.

Decommissioning

Government fights in court for Northern Endeavour oil vessel

The Northern Endeavour saga gets murkier: court battles, Cabinet confidentiality, unspecified environmental problems and maybe a hefty bill for big oil and gas.

Decommissioning

Oil & gas to get Northern Endeavour bill and trailing liabilities: Pitt

Resources Minister Keith Pitt plans to stop big oil companies passing on decommissioning liabilities and make them contribute to the Northern Endeavour decommissioning bill.

Oil

Triangle Energy battles for life after BP Kwinana stops refining

Triangle Energy has six months to find a viable route to market for oil that now goes to BP Kwinana or its Cliff Head operation could become a liability for the Federal Government.

Decommissioning

Northern Endeavour a “major screw up” by Government: Patrick

The Government has 'screwed up' with the Northern Endeavour oil vessel says Sen. Rex Patrick and the loophole that might cost $370 million remains five years after it was spotted.

Decommissioning

Govt spends $10M to look after Northern Endeavour for an extra month

The burden on taxpayers from the failed Northern Endeavour vessel continues to grow - $10M in one month - while the Government decides what to do next.

Decommissioning

Federal Govt regulates poorly and gets $360M Northern Endeavor clean-up bill

The Northern Endeavor mess started with Woodside paying to rid itself of a rusty ageing asset, ended with a $362 million liability for the Government and in between was a regulatory shambles.

Safety

ENI’s poor maintenance causes marine hazard off WA coast

An eight year wait for ENI's Woollybutt oil field to be decommissioned and poor maintenance have caused subsea kit to surface and pose a danger to vessels.

Decommissioning

Federal Govt paying top-dollar $1.5M a week for failed oil project

Northern Endeavour operator UPS and original owner Woodside are the two biggest recipients of Government spend on the failed oil vessel.