A Federal Court full bench has today dismissed an appeal by Santos against an earlier ruling that invalidated its approvals to develop its Barossa gas field north of the Tiwi islands.
Oil and gas companies will face more stringent requirements to provide financial assurances for decommissioning offshore assets, and could be held liable even if they sell them, under proposed changes.
NOPSEMA has required Shell to provide detailed information on carbon emissions linked to its Crux gas field development, but has accepted the company's claim that the Safeguard Mechanism "enforces a precautionary approach" to emissions management.