Chevron has decided to take its tax battle to court in Australia over a AU$1 billion dispute.
The Norwegian oil and gas company has swapped interests in exploration permits with BP in the Great Australian Bight area.
Who will be the next LNG and gas export superpower? A Russian energy director and an American executive took their cases to Australia for APPEA 2017.
A legislative move designed to shore up energy supplies will be triggered only when a shortage has been identified and will apply to export operations, Matt Canavan said.
Origin Energy said it increased its share in the undeveloped shale gas prospect to 70%, after purchasing a 35% share from Sasol Petroleum Australia Ltd. It did not disclose a purchase price.
BHP first tried to sell the Fayetteville assets more than two years ago, having made the shale gas investment in 2011 before writing it down by $2.8 billion a year later after gas prices dropped.
Chevron said it was disappointed by the judgment in the case, which covers the five tax years from 2004 through 2008.
Proposal for coast-to-coast gas pipeline mocked; shipping LNG from west to east called cheaper.
If successful, the deal could mark Petronas’ biggest upstream stake sale since oil prices started declining more than two years ago. Petronas is targeting lowering operating expenses, job cuts and project rollbacks to help it navigate through the low oil price environment.
Australia's deputy prime minister said he would support lifting bans on coal seam gas (CSG) drilling if landowners were given a bigger slice of royalties, a significant policy shift as the country scrambles to avoid a looming energy crisis.