Global energy giant ExxonMobil has announced it will sell all of its assets in the Gippsland Basin, off Victoria's south-east coast.ExxonMobil will sell off all its assets in the Gippsland Basin, including two gas plants and multiple offshore oil and gas platformsThe energy giant says it has not yet locked in a buyer
The sale includes offshore oil and gas platforms, the Longford gas plants and the Long Island Point plant near Hastings."ExxonMobil will be testing market interest for a number of assets worldwide, including its operated producing assets in Australia, as part of an ongoing evaluation of its assets," a company spokesman said in a statement.Operations at the sites will continue as normal throughout the sales process.
Sovereign risk. But not of acquisition. Of incompetence.
JarrodWhittaker eden_hynninen AEMO_Media No mention of declining Victoria gas production forecasts in this article. And since the omission of peakgas and peakoil seems to be systematic the public doesn't understand what is really going on and still wants endless growth
Aust govt ought to confiscate such funds to payback Aust coffers for the years of ExxonMobil's tax dodging. Exxon didn't pay a cent in tax in all years of Aust ops. Aust ought to take possession of assets & confiscate income from sale. acccgovau ato_gov_au AusFedPolice Greens
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