Bass Strait sale could trigger a shake up of Australia's oil and gas industry

AUSTRALIA’S oil and gas garage sale is underway and while Slugcatcher is as interested as anyone else in trying to guess who might buy the pre-loved assets of ExxonMobil and others, he also wonders whether the move to the exits in Australia is part of a global sell-off.

Bass Strait sale could trigger a shake up of Australia's oil and gas industry Bass Strait sale could trigger a shake up of Australia's oil and gas industry Bass Strait sale could trigger a shake up of Australia's oil and gas industry Bass Strait sale could trigger a shake up of Australia's oil and gas industry Bass Strait sale could trigger a shake up of Australia's oil and gas industry

Could a local take Exxon’s older assets? 

And if it is part of a worldwide process of oil majors getting out of old fields what's driving this latest example of herd-like oilfield behaviour?