Higher oil prices put $80 billion more on Australia’s tax horizon

Australian Energy Producers (AEP), representing the country’s upstream oil and gas exploration and production industry, has pointed out that the findings of a recent report reinforce the benefits of Australia’s existing fiscal framework, including the Petroleum Resource Rent Tax (PRRT), with the spike in oil prices having the potential to boost federal and state budgets …

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Green light for wellhead removal ops at Australian oil field

AIM-listed and Singapore-headquartered oil and gas player Jadestone Energy has received a stamp of approval for its environmental plan (EP) from the country’s offshore regulator for wellhead removal activities at its oil field off the coast of Australia. The post Green light for wellhead removal ops at Australian oil field appeared first on Offshore Energy.

BIMCO publishes time charter party targeting the emerging CO2 trade

BIMCO’s Documentary Committee has adopted a new time charter party which has been developed specifically for the maritime transport of liquefied carbon dioxide (LCO₂). The form, CO2TIME 2026, responds to the rapid development of carbon capture, utilisation and storage (CCUS) projects and the need for a standardised contractual framework for maritime transport. CO2TIME 2026 is …

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