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Australia's Offshore Decommissioning Levy


Sonali Paul
Illustration only - An FPSO - Credit: SimonPeter/AdobeStock
U.S. oil majors Exxon Mobil Corp and Chevron Corp on Thursday branded Australia s proposed industry-wide levy to cover the cost of decommissioning an offshore oil field, which neither has had any stake in, as arbitrary and disappointing .
The planned levy to remove facilities and plug abandoned wells at an oil field in the Timor Sea, off the northwest coast, could be a precedent-setting move with significant implications for extractive industries in Australia.
The government decided to impose the levy as it did not want taxpayers to have to cover the cost of rehabilitating the Laminaria-Corallina field in the Timor Sea after the owner, Northern Oil & Gas Australia (NOGA), went into liquidation in 2019. ....

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BHP (ASX:BHP) share price lower despite natural gas update


BHP (ASX:BHP) share price lower despite natural gas update
Marc Sidarous | April 20, 2021 4:33pm |
More on:
The
BHP Group Ltd (ASX: BHP) share price dipped today. That’s despite today’s announcement of the commissioning of a new natural gas field to supply Australia’s east coast.
At close of trade today, shares in the mining giant were selling for $47.44 – down 0.25%. By comparison, the
Let’s take a closer look at today’s news and how it might be affecting the BHP share price.
BHP’s joint venture
Exxon Mobil Corporation (NYSE: XOM)’s Australian affiliate,
Esso Australia, is now up and running. ....

United Kingdom , Graham Salmond , Scott Phillips , Group Ltd , Exxon Mobil Corporation , Petroleum Australia , Basin Joint Venture , West Barracouta , Esso Australia , Bass Strait , Gippsland Basin Joint Venture , Trading Economics , Motley Fool Share Advisor , ஒன்றுபட்டது கிஂக்டம் , கிரஹாம் சால்மண்ட் , ஸ்காட் பிலிப்ஸ் , குழு லிமிடெட் , எக்ஸான் மொபில் நிறுவனம் , பெட்ரோலியம் ஆஸ்திரேலியா , பேசின் கூட்டு துணிகர , எஸொ ஆஸ்திரேலியா , பாஸ் சங்கடமான , கிப்ஸ்லேண்ட் பேசின் கூட்டு துணிகர , வர்த்தக பொருளாதாரம் ,