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 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.
Oil Montara well problem adds to Jadestone's Australian workload Jadestone Energy is now two wells down at its Montara field in the Timor Sea where 75% of its production comes from but says it has the cash to work on both Montara and Stag in 2021.
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.
BP Nine takeaways from BP's shock closure of its Kwinana refinery The effect of BP closing its Kwinana oil refinery after 65 years will be felt far and wide in the WA economy - especially among workers and other industries, but BP will do just fine.
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.
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.
=== from the archive === BHP doubles down on high margin oil and gas While BHP's dominant mining arm wants to be seen to be greener its highly profitable petroleum arm is not slowing down.
=== from the archive === Carbon investor stampede can't be stopped Gas will likely be the “last man standing for hydrocarbons”, but there are questions over its long term future as a “transition fuel.”
=== from the archive === Cutbacks and haste spell danger on Northern Endeavour Maintenance cutbacks and pressure to resume production made the Northern Endeavour oil vessel a dangerous place to work.
=== from the archive === Norway's trillion-dollar oil and gas trick that Australia missed From the outset, Norway planned to maximise the long term benefit it gained from its oil and gas, unlike Australian politicians who are content with crumbs from the table.
