Australia's 2020 offshore oil and gas auction takes off

AUSTRALIA’s new process for auctioning oil and gas licenses has attracted nearly 50 nominations, a record since the federal government changed the way bids were received.

Australia's 2020 offshore oil and gas auction takes off Australia's 2020 offshore oil and gas auction takes off Australia's 2020 offshore oil and gas auction takes off Australia's 2020 offshore oil and gas auction takes off Australia's 2020 offshore oil and gas auction takes off

 

Last year the Commonwealth changed the system of offshore bidding, so that oil and gas operators could nominate specific blocks as a license or exploration permit.

  • FREE coverage on the rapidly developing coronavirus pandemic. Visit our COVID-19 hub.
  • Latest COVID-19 Coverage: Govt's COVID-19 Commission under scrutiny. Read more.
  • Latest COVID-19 Coverage: NT throws cash at oil and gas industry. Read more.