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 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 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.
=== 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.
