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. ...

The Parliament of PNG has passed a series of amendments targeting the mining, oil and gas industries. We examine the significance of these amendments and the likely next steps.  ...

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 future of the gas industry in Australia remains bright. Global demand for gas is projected to grow at a steady rate over the coming decades, driven by growing populations and economic developme ...

The COVID-19 pandemic and its broad-reaching economic impacts poses a significant challenge to the continuous operation of oil and gas projects in Australia. ...

The Queensland Parliament has passed the Resources Safety and Health Queensland Act 2020 (Qld) (RSHQ Act), which when it comes into effect on 1 July 2020, will change the State's regulatory framework for health and safety in the resources industry. ...

Gas regulation in Victoria is set for major reform after the Government introduced two new bills aimed at enhancing the security of gas supply for the State. ...

On 7 April 2020, the National Offshore Petroleum Safety and Environment Management Authority (NOPSEMA), issued a Safety Alert to all operators of offshore facilities who may be considering modified roster arrangements to reduce the spread of COVID-19 among members of the offshore workforce.  ...

Key changes to the Australian domestic gas security mechanism ...

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. ...