An ahead market in the national electricity market (NEM) is a step closer, with the Australian Energy Market Commission recently issuing a consultation paper on the implementation of a short-term forward market to operate alongside the NEM.
The Federal Government has recently published a discussion paper titled ‘Decommissioning Offshore Petroleum Infrastructure in Commonwealth Waters’. We outline in this article the reforms considered in the discussion paper in respect of legal and financial responsibility for decommissioning and how those reforms could impact offshore oil and gas M&A activity.
When it comes to energy, there’s a big future in small things. While Australian governments wrestle with outdated energy policies, the energy sector itself is finally moving from the industrial age to the technological age. Today, rooftop solar, and the technology and software that comes with it, promises to play a leading role in that change, with Australia well-placed to benefit from it.
The Australian Government announced on 17 October 2017 its new energy policy in which it proposes to adopt the recommendation of the Energy Security Board to implement a National Energy Guarantee. The new energy policy confirms the Turnbull Coalition Government’s anticipated rejection of the Finkel Review’s key recommendation of a Clean Energy Target. In particular, the ‘technology-neutral’ nature of the NEG presents a departure from the priorities of the formerly proposed CET, which would have favoured investment in renewable energy sources such as wind and solar.
Gilbert + Tobin is pleased to have advised Jadestone Energy Inc. (AIM: JSE, TSXV:JSE) (Jadestone) on its acquisition of the Montara oil project (Montara) from PTT Exploration and Production Company Limited (PTT) which completed on 28 September 2018.
Gilbert + Tobin have advised Beach Energy Limited (Beach Energy) on the successful completion and financial close of its $1.585 billion acquisition of Lattice Energy Limited (Lattice Energy) from Origin Energy Limited. Lattice Energy holds interests in conventional upstream oil and gas assets across Australia and New Zealand, including in the Otway, BassGas, Halladale Speculant and Black Watch, Kupe, Waitsia, Beharra Springs and Cooper Basin gas projects.
Gilbert + Tobin’s banking + infrastructure and energy + resources teams have advised Cooper Energy on a funding package for its Sole Gas Project, which is set to create the first new source of gas supply that stretches Australia’s east coast market in a number of years.
Gilbert + Tobin today announced it has been advising Beach Energy Limited on its successful $1.585 billion bid to acquire Lattice Energy Limited, the conventional upstream oil and gas business of Origin Energy Limited.