Latest news with #BassStrait
Yahoo
3 days ago
- Business
- Yahoo
Woodside to assume operatorship of Bass Strait assets in Australia
Woodside has agreed to take over the operatorship of the Bass Strait assets in Australia following an agreement with ExxonMobil Australia (ExxonMobil). This strategic move has the potential to unlock further development of additional gas resources. The Bass Strait assets include the Gippsland Basin Joint Venture (GBJV) and the Kipper Unit Joint Venture (KUJV). Both Woodside and ExxonMobil Australia hold a 50% participating interest in the GBJV and a 32.5% participating interest in the KUJV, with Mitsui holding the remaining 35% participating interest. Natural gas produced from the Bass Strait assets is entirely supplied to the Australian domestic market, currently meeting around 40% of domestic gas demand on the east coast of Australia, including New South Wales, Northern Territory, Queensland, South Australia, Tasmania and Victoria. Integrating the operatorship of the Bass Strait assets into Woodside's managed portfolio enhances the company's presence in Australia while leveraging its operational capabilities. Upon completion, Woodside will take over the offshore Bass Strait production assets, the Longford Gas Plant, the Long Island Point gas liquids processing facility and related pipeline infrastructure. Woodside and ExxonMobil's equity interests in the assets, as well as their existing decommissioning plans and provisions, will remain unchanged. Woodside EVP and COO Australia Liz Westcott said: 'Taking operatorship of Bass Strait demonstrates Woodside's continued commitment to meeting Australia's domestic energy demand while maximising the value of existing infrastructure.' As the new operator, Woodside will assume responsibility for asset planning and execution activities, implementing a value maximisation strategy aimed at enhancing production and improving reliability. This strategic initiative integrates Woodside's established global operational capabilities with ExxonMobil's skilled workforce in the Bass Strait, who will be transitioning to Woodside. Furthermore, taking on the operatorship of a larger portfolio of assets in Australia is expected to generate economies of scale and yield more than $60m (A$92.24m) in synergies for Woodside from the Bass Strait, after accounting for transition and integration costs. The agreement also provides flexibility to realise future development opportunities that align with Woodside's capital allocation framework. ExxonMobil Australia chair Simon Younger said: 'After operating the Gippsland Basin Joint Venture for more than 50 years, we are proud to be handing over the reins and transitioning our highly experienced Bass Strait workforce to our valued partner Woodside, a world-class operator. 'We look forward to working with Woodside as it continues to maximise Gippsland Basin production.' Woodside has identified four development wells that have the potential to provide up to 200 petajoules of sales gas to the market. Under the agreement, Woodside can independently pursue these opportunities via the Bass Strait infrastructure, contingent upon further technical development and a final investment decision. This potential production has been identified within the current contingent resource opportunity portfolio. Completion of the agreement is anticipated in 2026, contingent upon the fulfilment of certain conditions including regulatory approvals. Earlier this month, Perenco acquired the Greater Angostura oil and gas assets in Trinidad & Tobago from Woodside Energy. "Woodside to assume operatorship of Bass Strait assets in Australia" was originally created and published by Offshore Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Reuters
3 days ago
- Business
- Reuters
Australia's Woodside Energy takes operatorship of Bass Strait assets from ExxonMobil
July 29 (Reuters) - Australia's Woodside Energy ( opens new tab said on Tuesday it will take over operatorship of the Bass Strait oil and gas assets from ExxonMobil (XOM.N), opens new tab, unlocking an estimated $60 million in synergies. The Bass Strait portfolio includes the Gippsland Basin and the Kipper Unit joint ventures. Woodside and ExxonMobil each hold a 50% stake in the Gippsland Basin, while they own 32.5% each in the Kipper Unit. ExxonMobil had been the operator of these assets until now. The change in operatorship will not affect the companies' equity interests or existing decommissioning plans and provisions, Woodside said. The company flagged future development potential under its capital allocation framework, identifying four possible wells that could supply up to 200 petajoules of gas to the domestic market. The announcement comes just weeks after the Australian government said it was considering a gas reservation policy for the east coast to help avert supply shortfalls.
SBS Australia
09-07-2025
- General
- SBS Australia
From horror to healing: a truth-telling journey on a Bass Strait island
From horror to healing: a truth-telling journey on a Bass Strait island Published 9 July 2025, 8:57 am On Flinders Island in Bass Strait sits a little-known place, significant to not only Tasmanian and the nation's history, but global history. It's known as Wybalenna and it's a place of deep sorrow for the Aboriginal community. More recently, the community has been working to make it a more comfortable place to spend time and continue the truth-telling that's been happening since colonisation. This year marking NAIDOC week at the site with a flag raising in what's believed to be a first. A warning to Aboriginal and Torres Strait Islander viewers that the following story contains images of people who have died.
SBS Australia
09-07-2025
- General
- SBS Australia
The historic Tasmanian site that's both sacred
For Tasmanian Aboriginal people Wybalenna, onFlinders Island in Bass Strait, is a sacred and painful place. 'This was virtually a concentration camp for the old people.' That's Brendan Brown, better known in his community as Buck; his connection to the site is through Manalakina, a warrior and leader of his people. He was made a promise: if he came to Wybalenna willingly and brought his people with him, he'd be able to return to his homelands in north east Tasmania. It was a promise never fulfilled. 'My great grandfather was here, great great grandfather, he was brought here and made promises to and the promises were broken and he shaved his hair off and became a broken man and he died here with a broken heart.' He says Wybalenna can be difficult place to visit. 'There's mixed emotions when you're here, I've had spiritual things happen to me here and I've had the old people come and visit me while I've been here, when you walk around you feel a lot of sadness here too, there's only certain places I'll go on this property, because of that reason.' He was part of a sit-in at the site in the 1990s, which eventually led to the site being handed back to the Aboriginal community. 'I was only a teenager, when we come out over here and we done a sit in here on the property and took the property back, a big mob of us come from Cape Barren and there was a heap of locals here from Flinders, we all sat here and stayed here, occupied the place and took the place back.' The Aboriginal Land Council of Tasmania has managed the site since the late 1990s. Rebecca Digney was its manager when works began a few years ago to make it easier for the community to spend time at Wybalenna. 'We're really trying to invite people back to this site so we can reconnect with the history here, and particularly reconnect with the Stories of our ancestors.' She explains the significance of the site. 'Wybalenna is a really sacred place for the Tasmanian Aboriginal community. It was the place where our people were exiled to as a result of the Black War, and many of the people who were brought here died here.' While some Aboriginal women were taken by sealers to other Bass Strait Islands, it's estimated as many as 300 Aboriginal people were exiled to Wybalenna. There are 107 confirmed burial sites in the cemetery at Wybalenna, with the locations of many more not known. 47 survived the poor conditions and treatment at the site, to be taken to Oyster Cove in Hobart in 1847. And despite the sadness of the site, it's also a story of survival. 'Wybalenna is definitely a place that conjures up a variety of feelings, its one of great sadness, it can feel quite desolate at times, but also it's a good reminder of what my people have been through and how strong they are. Our cultural practices continue, despite the attempts to Christianise our people here, our people survived against all odds, and we continue as a strong and vibrant community today.' Sarah Wilcox is the now general manager of the Land Council. "Wybalenna is a key historical place in our history, not just in lutruwita Tasmania, not just in Australia, but globally, it was a place that was recognised when the term genocide was penned, referring to the Tasmanian Aboriginal people.' The Land Council has been working with Tasmanian architect Mat Hinds on their plans for the site. 'We were asked by the Land Council to look at ways that we could help the place become more comfortable and that can be very straightforward things like bathing or places to cook or places to be together.' Sarah Wilcox says it'll help the community as they continue to honour the memories of their ancestors. 'Making sure that there's space there for elders to come and visit so having that accessibility and those essential services are really important for their comfort and also for families so our younger generations and future generations understand that place, understand the significance of that place.' The work so far has focused mostly on the Aboriginal community's experience at the site. But improvements are also being made to the visitor experience – with information panels in the chapel being updated by the community. 'It's a really fantastic opportunity that we have here to tell this truth in our words and so all of the interpretation of Wybalenna is being told from a Palawa perspective, so the people who are visiting the site, I mean you feel it when you're there, but then the truth is there, in great detail from our perspective, of what happened to our people, what it means to us, what that place means to us, and so it's a great opportunity for people to learn, to listen, to understand and to absorb that truth.' Accessing grants to do all this work has been difficult ... so they've turned to public fundraising. 'The generosity through those donors and those sponsors we've been able to get over time has been overwhelming for us it's an incredible and humbling experience in a way.' Members of the community gathered at the site on Sunday to mark the start of NAIDOC Week. Land Council Chair, Greg Brown, addressed this year's theme - The Next Generation: Strength, Vision and Legacy 'It speaks to the leadership and strength within our community, past, present, and future. Truth Telling at Wybalenna most certainly acknowledges the true story and legacy for our old people here at Wybalenna, it also shows the strength of our community with our continuing fight to have our stories told and vision for our community with the interpretations and works here at Wybalenna. Our community is very lucky that we have a strong and talented pool of young people as evidenced by the young rangers over here and to continue and improve on the gains that we have achieved in past years.' Jazmin Wheatley from the Junior Ranger program helped organise the event. 'I thought it would be really important and significant to come and do it at Wybalenna and just to honour our people and honour the story that's here and to get together as a community again.' She said it was an emotional day for the community. 'It is a sad place, but at the same time it's important that we're here to take back that sense of pride at this place and honour our people.' Flinders Island Elder, Lillian Wheatley was there too - she was among a group of eight adults and eight children who occupied the homestead in the 1990s. She hopes the site can become a place of unity for her people. 'My dream before I leave is to see my people come together on this country and respect it for what it is and share their story, our old people's story, it's about them and what happened here needs to be told.' Sarah Wilcox said the long history of truth-telling at the site … will continue. 'Truth telling is just part of our family history, it's what we talk about all the time when we're together so we've been doing it for a very long time, now it's about truth understanding and It's about truth acceptance and our people will always fight for a treaty.' Something they've been waiting for - for around 200 years.
News.com.au
29-06-2025
- Sport
- News.com.au
Tasmanian apprentice Jackson Radley set to move to Lindsay Park with the backing of riding great Damien Oliver
Tasmania's latest riding talent is on the verge of qualifying to ride in Victoria full-time and he has riding legend Damien Oliver behind him. Jackson Radley is set to move across Bass Strait to ride for the powerful Lindsay Park stable of Ben, JD and Will Hayes once he completes a requirement to shift his indentures to the mainland. Radley sits second on the Tasmanian jockeys' premiership and had his bags packed to move to Melbourne before being informed he had to wait a little longer for his crack at the Victorian riding ranks. 'I think I've ridden 77 winners and I think I was on 70 winners three or four weeks ago and had everything ready, all my paperwork signed to make the move over,' Radley said. 'My partner and I were ready to move over with everything signed then the Hayes stable rang and said, 'we've got some bad news, you can't come over until you've ridden your 80 winners'. 'They said I could either try my hardest to ride 80 winners, which I don't think was possible in Tassie at the time, because it would take longer than a month, which it has. 'If they're still happy for me to fly in and out, I'll do that, then go over when I can.' Radley could make an immediate impact when he rides full time in Victoria, given he can still claim 1.5kg at the provincials and 3kg in the metropolitan arena. He will also have many lessons learned from hours spent discussing his rides with Hall of Famer Oliver, with whom he speaks often. Radley said he and Oliver had a mutual friend through which the 125-time Group 1 winner offered to help the youngster learn his craft. 'Obviously, when you get an offer of help like that, you'd be mad to turn it down,' Radley said. 'He (Oliver) said, 'you've got to get into a good stable' and that's exactly what he did. 'He rang the Hayes boys and asked if they would be interested in an apprentice from Tassie. 'I was still claiming three in town and they indicated they would be so it just went from there.' Radley rode at Moe without success on June 19 but could post his first Victorian wins from a strong book of seven rides at Monday's Pakenham Synthetic meeting. '(Tasmanian premiership leader) Anthony Darmanin rides a lot of trackwork over there and he knows a lot of the horses so I said to him, 'do you reckon I've got any chances' and he said I could have a big day,' Radley said. Melbourne-based Tasmanian Craig Newitt, who helped Radley when the apprentice regularly found himself in the stewards' room early in his career, said the talented young rider would impress in Victoria. 'He'll make it over here, not a worry in the world,' Newitt said. 'He's going to be a top jockey.'
