The Queensland Government has announced major reforms to its petroleum royalties regime which will come into force from 1 October 2020. This, and the royalty rates ultimately set, will have implications for the future returns on Queensland petroleum projects. Producers should also review any existing private arrangements that may have relied on the existing wellhead value approach to ensure any unanticipated consequences are resolved prior commencement of the new regime. ...

As we move towards a carbon constrained future and electricity prices rise, companies are increasingly looking for ways to deliver on their carbon reduction commitments, including by purchasing electricity from renewable sources, managing their exposure to changing electricity prices and supporting ...

In our latest update, we examine the progress of new and existing rule change requests to the AEMC across the month of June, as well as take a closer look at AEMO's high-level design for the wholesale demand response mechanism. ...

Since 20 March 2020, the ACCC has granted a number of urgent interim authorisations across a range of industries allowing businesses to collaborate in response to COVID-19. ...

On 24 March 2020, the Productivity Commission released its draft report on resources sector regulation. ...

On 28 April 2020, a number of amendments to the OPGGSA and the Offshore Petroleum and Greenhouse Gas Storage (Regulatory Levies) Act 2003 (Cth) (Levies Act) came into force. ...

The most significant impact of the Act is to extend the term of the State Agreement by a further 25 years from 31 December 2034 to 31 December 2059. ...

In November 2019, the COAG Energy Council released Australia's National Hydrogen Strategy. The Strategy provides a framework for leveraging Australia's significant natural resources and experience with resource development to develop a strong domestic hydrogen sector. ...

In our latest update, we examine the progress of new and existing rule change requests to the AEMC across the month of May, as well as take a closer look at WA's proposed Access Code changes and how they seek to transform the State's power system. ...

The Northern Territory Government's recently released Climate Response, associated Three-Year Action Plan and environmental offset reform agenda is ambitious, and all stakeholders in the Territory should be aware of the coming changes and related opportunities. ...