Australian Government Foreshadows Significant Reform to Australia's Offshore Oil & Gas Regulation
By EsqSocial Corporation 21/04/21
The Australian government has announced proposed reforms to Australia's offshore oil & gas regulation, which are aimed at achieving appropriate stewardship of assets by increasing government scrutiny over oil & gas transactions and expanding the current trailing liability provisions for decommissioning and remediation. This month the Australian government released a consultation bill foreshadowing amendments to the Offshore Petroleum and Greenhouse Gas Storage Act 2006 (Cth) ("OPGGSA"). The...
By: Jones Day