Australia faces a $40.5bn decommissioning bill
Australia aims to slash decommissioning bill
A government-funded company has launched an initiative intended to save more than $14bn in decommissioning costs over the next few decades
National Energy Resources Australia (Nera), a not-for-profit started in 2016, launched an initiative in March to cut Australia’s decommissioning costs. The Centre of Decommissioning Australia (Coda)—which is based in Perth—aims to bring together operators, service providers and research organisations. Consultancy Advisian projected in a 2020 report that the cost of Australia’s necessary offshore decommissioning would run to $40.5bn, but Nera says Coda will reduce this figure by at least 35pc. A government-funded company has launched an initiative intended to save more than $14bn in decommissioning costs over the next few decades The Advisian report, which Nera commissioned with the
Also in this section
14 April 2026
The GECF has warned it may revise its projections for demand this year downwards in light of conflict in the Middle East, although it maintains its forecasts for 2027 and onwards
13 April 2026
Petroleum Economist analysis highlights sharp shift from crude oversupply to market deficit, with Iraq and Kuwait badly affected and key producers Saudi Arabia and the UAE also seeing output sharply lower
13 April 2026
Turkmenistan is moving ahead with a modest expansion of the giant Galkynysh field to sustain gas deliveries abroad, but persistent delays to other key pipeline projects and geopolitical risks continue to constrain its export ambitions
13 April 2026
Expensive electricity has forced out swathes of energy-intensive industry and now threatens the country’s ability to attract future investment in datacentres and the digital economy
