Sunday, March 7, 2021

Bass Strait News

Mitsui Looks to Sell BassGas Stake

Japan's Mitsui & Co has put its 40% stake in the BassGas project off southeastern Australia up for sale, the company said on Thursday.Mitsui's stake in the BassGas project, which includes the undeveloped Trefoil gas project…

ExxonMobil Looks to Sell Australian Assets

(Photo: ExxonMobil)

Exxon Mobil Corp said on Wednesday it was looking to sell its 50% stake in the Gippsland Basin oil and gas development in Australia's Bass Strait as part of a broader review of its global portfolio of assets.The sale could fetch up to $3 billion…

Exxon, BHP to Develop West Barracouta Gas Field

The Barracouta platform in Bass Strait (Photo: ExxonMobil)

ExxonMobil Corp and the world's top miner BHP Billiton said on Thursday they approved development of the West Barracouta gas field in the Gippsland Basin in Australia, to bring fresh gas to Australian domestic markets.Exxon said the project…

Hoegh LNG to Supply FLNG Terminal to Australian Import Project

(File photo: Hoegh LNG)

Norway's Hoegh LNG has won a tender to supply a floating LNG import terminal for a consortium aiming to import liquefied natural gas to Australia's east coast from 2020 in a push to boost local supply.Australian Industrial Energy, a consortium that includes Japan's JERA and

ExxonMobil Expects to Resume Paying Australian Corporate Tax in 2021

(File photo: ExxonMobil Australia)

ExxonMobil Corp said on Wednesday it is likely to resume paying corporate tax in Australia only in 2021, after recouping billions of dollars in investments made in the country in the past decade. The oil giant was grilled at an Australian Senate hearing on tax avoidance…

ExxonMobil, Chevron, Shell Paid No Tax in Australia for 2016

Oil, gas giants paid no Australian tax in 2016; but commodity rebound seen boosting tax revenue in 2017. Exxon Mobil Corp and Chevron Corp paid no tax in Australia in the 2016 financial year, the third year in a row, despite…

Australia looks to end ExxonMobil, BHP Joint Gas Sales

Australia's competition watchdog wants to break up a marketing joint venture between ExxonMobil Corp and BHP Billiton to help boost competition in the eastern Australian gas market, it said on Friday. Following a year-long investigation into gas supply concerns…

Australia's LNG Boom's Domestic Impact

It's somewhat ironic that as Australia ramps up to being the world's biggest exporter of liquefied natural gas (LNG), domestic industries are under threat from not being able to source the fuel. A combination of new LNG plants…