Business
ExxonMobil calls off sale talks for Bass Strait oil and gas fields – The Sydney Morning Herald
ExxonMobil has abandoned plans to sell its stake in the giant Bass Strait oil and gas fields off the coast of Victoria.
The Morrison government has made increasing gas production a priority of the nation’s post-pandemic economic recovery.
Australian Manufacturing Workers Union organiser Steve Dodd said ExxonMobil’s decision was being broadly welcomed by the workforce.
“They no longer have the ‘for sale’ sign up,” he said. “It gives our members some permanency, they won’t have to reapply for their jobs with some new employer.”
Credit Suisse oil and gas analyst Saul Kavonic said one deterrent for prospective buyers…
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