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.
Decommissioning Sellers of oil and gas assets should stay liable for cleanup: report North Sea expert recommends changes to stop a repeat of Woodside escaping a $360 million cleanup bill by paying a tiny inexperienced company to take an old rusty asset.
Decommissioning Northern Endeavour still waiting on Federal Government plan While the idle Northern Endeavour costs $4 million a month, Government and industry are still talking about how to keep the clean-up bill below a possible $230 million.
Exclusive Investigation Western Gas, an ineffective regulator and a $US100M clean-up bill If Western Gas' Equus LNG project does not take off in these tough times neither the small company nor regulator NOPTA have an answer to how making safe the wells is paid for.
Decommissioning Woodside abandons abandonment for Echo Yodel If Woodside's argument that a reef's environmental benefit outweighs 400 tonnes of plastic in the ocean wins over NOPSEMA then leaving everything on the seabed could become the default option for Australia's oil and gas players.
Decommissioning Australia's oil and gas industry will create a $76B clean-up bill It will cost $76 billion to clean up after Australia's oil and gas industry, with a good chunk to be borne by taxpayers, and no one is in a hurry to start the work.
Oil Failed oiler Northern Endeavour owes $165M A debt of $165 million and unpaid employees can be added to a massive decommissioning liability as the cost of Northern Endeavour's short life after Woodside.
Decommissioning Tougher policing of offshore oil and gas decommissioning Offshore oil and gas operators that continually delay costly decommissioning will now be watched more closely by offshore safety and environment regulator NOPSEMA.
Decommissioning Big taxpayer bills for failed Northern Endeavour start The first bill of $10 million bill is due for the failed Northern Endeavour as it is revealed that Woodside's sale of the vessel four years ago required no government approval.
=== from the archive === Government asleep as offshore failure developed If the Federal Government had been alert the financial failure of the Northern Endeavourur would not have been a surprise. Now Canberra has a huge bill for its omission.
=== from the archive === Northern Endeavour headed for liquidation, govt on the hook The liquidator of Northern Oil and Gas Australia has recommended liquidation, which will leave the Federal Government responsibility for decommissioning its oil vessel.
