GAS WELL DRILLING – AUSTRALIA

Energy giants make good on exploration promise

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Original article by Angela Macdonald-Smith
The Australian Financial Review – Page: 23 : 20-Dec-19

Chevron will spend $75.9m on oil and gas exploration in Australia over the next three years, while BP in turn will spend $40.6m. South Australia’s Energy Minister Dan van Holst Pellekaan has welcomed their commitment to spend a combined $60m on exploration in the state. Meanwhile, Centre Alliance MP Rebekha Sharkie has criticised the National Offshore Petroleum Safety & Environmental Management Authority’s decision to approve Equinor’s drilling program in the Great Australian Bight. Chevron and BP had both abandoned plans to undertake exploration in the Bight in recent years.

CORPORATES
CHEVRON CORPORATION, BP PLC, SOUTH AUSTRALIA. DEPT FOR TRANSPORT, ENERGY AND INFRASTRUCTURE, AUSTRALIA. NATIONAL OFFSHORE PETROLEUM SAFETY AND ENVIRONMENTAL MANAGEMENT AUTHORITY, EQUINOR ASA, CENTRE ALLIANCE, AUSTRALIA. DEPT OF INDUSTRY, INNOVATION AND SCIENCE

Morrison’s GST threat to boost gas

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Original article by David Uren, Andrew Burrell, Matt Condon, Emily Ritchie
The Australian – Page: 1 & 4 : 29-Jun-17

Treasurer Scott Morrison says the Productivity Commission’s review of the formula for distributing goods and services tax revenue will take into account state-based bans and restrictions on gas exploration. He says it is not fair that states which are open to gas exploration and production receive a lower share of GST revenue than those which ban exploration. The Federal Government has argued that restrictions on gas exploration in some states and territories is contributing to the shortage of gas for domestic consumption.

CORPORATES
AUSTRALIA. DEPT OF THE TREASURY, AUSTRALIA. PRODUCTIVITY COMMISSION, AUSTRALIA. COMMONWEALTH GRANTS COMMISSION, AUSTRALIA. DEPT OF INDUSTRY, INNOVATION AND SCIENCE, WESTERN AUSTRALIA. DEPT OF TREASURY AND FINANCE, VICTORIA. DEPT OF TREASURY AND FINANCE