Oil & Gas

Energy & Resources

Energy & Resources » Oil & Gas

Burgeoning global demand for energy, particularly in Asia, is driving development of coal seam gas in Queensland and Liquefied Natural Gas (LNG) in Western Australia.

The 2011 Fukushima disaster simultaneously reopened the nuclear debate and further highlighted LNG as a stable and viable energy alternative.

Despite rising capital costs, global super-majors like Chevron and Shell continue to invest in world class assets. Increasing investment in domestic projects by major regional corporates such as Inpex, CNOOC and PetroChina has also been a feature.

The past two years have seen users entering into very large, longer term sales contracts in a bid to secure supply in this highly competitive market. Corrs’ highly experienced team is providing companies like Woodside, with multi-layered strategic and structuring advice to maximise commercial outcomes while managing potential financial, community and environmental risks.

Click here to view our Investing in the Australian Petroleum Industry publication.

Our Experts

Andrew Chew.jpg

Andrew Chew

Partner Location Sydney Profile
McCORMACKAndrewwebsitegreyfakeSIZEDTH.jpg

Andrew McCormack

Partner Location Brisbane Profile
Ben Davidson.jpg

Ben Davidson

Partner Location Melbourne Profile
Bruce Adkins.jpg

Bruce Adkins

Partner Location Brisbane Profile
LOCKHART Colin website grey SIZED TH

Colin Lockhart

Counsel Location Perth Profile
WHEELAHAN Frances website grey SIZED TH

Frances Wheelahan

Partner Location Melbourne Profile
Jack de Flamingh.jpg

Jack de Flamingh

Partner Location Sydney Profile
WIGGINS Jen website grey SIZED TH

Jen Wiggins

Consultant Location Perth Profile
BUTTON Jillian website grey SIZED TH

Jillian Button

Partner Location Melbourne Profile
FARRERJonathanwebsitegreySIZEDTH.jpg

Jonathan Farrer

Partner Location Melbourne Profile
HUANGLimingTH.jpg

Liming Huang

Partner Location Melbourne Profile
KNIGHTLizzie_3.jpg

Lizzie Knight

Partner Location Sydney Profile
Shea Lucy website grey SIZED TH

Lucy Shea

Special Counsel Location Perth Profile
MUIR Matthew website grey SIZED TH

Matthew Muir

Partner Location Brisbane Profile
THORNE Nick FULL SIZE 90x130

Nick Thorne

Special Counsel Location Brisbane Profile
DUFFIELDNigelwebsitegreySIZEDTH.jpg

Nigel Duffield

Special Counsel Location Melbourne Profile
CARELESSPaul.jpg

Paul Careless

Special Counsel Location Brisbane Profile
Peter Jarosek.jpg

Peter Jarosek

Partner Location Perth Profile
CLARKE Robert website grey SIZED TH

Robert Clarke

Partner Location Melbourne Profile
Rod website grey MOCK thumb

Rod Dann

Partner Location Brisbane Profile
FRANCIS Scott website grey SIZED TH

Scott Francis

Special Counsel Location Brisbane Profile
MILLS Vaughan SF

Vaughan Mills

Partner Location Brisbane Port Moresby Profile

Our Experience

Ichthys Gas Field Development Project

Corrs advised the majority shareholder, INPEX Browse Ltd, on the $24 billion Ichthys Gas Field Development project, representing the largest ever initial investment in an Australian resources project.

Corrs has worked with Inpex on various aspects of the project including the Onshore Front-End Engineering Design (FEED) contract. Throughout, Corrs’ role has involved clearly assessing potential legal, regulatory, construction and procurement issues and devising effective structures and contracts to mitigate potential risks.

More

Pluto LNG Project

Corrs has advised Woodside on the structure, planning and subsequent $3 billion proposed expansion of Woodside’s flagship Pluto LNG project. The project has involved developing innovative structures designed to facilitate financiability whilst preserving operator control over the hub.

Throughout the project, Corrs has worked closely with Woodside to advise on and prepare complex commercial agreements, negotiate with third parties and minimise complex commercial and tax problems, often within tight timeframes.

More

Queensland Curtis LNG (QCLNG) Project

Corrs is advising QGC on all aspects of the contract documentation required to procure pipeline infrastructure and water treatment, storage and disposal facilities and all aspects of land access, environmental and other approvals in relation to the project.

QCLNG is one of the world's largest coal seam gas to liquefied natural projects involving a $15 billion investment by BG Group, QGC’s parent.

Challenges included the large land area (requiring construction of a 400-kilometre pipeline), managing government and environmental concerns, traversing complex regulations and drafting and implementing major international supply and construction contracts.

Corrs’ cross-disciplinary team worked closely with BG Group’s business units to address multi-jurisdictional issues, co-ordinate documentation, develop a common approach to project risk management and deliver the landmark project.

More

Our Thinking

Reviewing coal seam gas compensation due to a “material change in circumstances”

For the first time, the Land Court has reviewed the compensation agreed under a Conduct and Compensation Agreement for coal seam gas activities due to an alleged “material change in circumstances”.

More

Institutional investors and the Queensland resources sector: a new challenge to clean exit

Why institutional investors in Queensland could face serious issues when they realise their investment on a clean-exit basis

More

When is a water treatment plant part of coal seam gas ‘prospecting’?

A recent decision by Justice Moore in People for the Plains v Santos [2016] has provided some clarity around the types of activities that fall under the definition of ‘prospecting’ and can therefore be carried out without development consent.

More

High Court Invalidates Federal Law Exempting Offshore Resource Activities from Visa Requirements

Following the High Court’s decision in Maritime Union of Australia v Minister for Immigration and Border Protection [2016], employers in the offshore oil and gas sector will now have to ensure foreign workers have valid visas.

More

What Queensland’s new government will mean for the resources sector

Tough market conditions means government policy will be increasingly critical to the industry.

More

Will 2015 be a stand out year for M&A in the oil and gas industry?

Tough conditions for oil and gas point to a tumultuous year for the sector, with tie ups between participants featuring prominently.

More

Alternative options for reasonable legal costs in compensation negotiations and potential disclosure protocols

Is there a better way for dealing with reasonable legal costs and could disclosure protocols be introduced?

More

What are reasonable legal costs?

How do you determine whether legal fees are reasonable?

More

Investing in the Australian petroleum industry

The Australian resources sector is moving into a new era, with the future of the industry marked by major emerging opportunities in the petroleum industry.

More Download

Reimagining Australia’s shale gas revolution: Lessons to be learned at home and abroad

Shale gas in Australia is shackled by misinformation and inefficient regulation.

More

Opportunity for junior explorers as Queensland Government releases land for petroleum and gas exploration via a non-cash competitive tender

The Queensland Government has announced that six parcels of land have been released for petroleum and gas exploration through a non-cash competitive tender.

More

Mining and oil and gas safety prosecutions set to rise in the West

Businesses that have had a serious safety incident since mid-2011 should be ready for the prosecutor to come knocking.

More

Better times ahead for unconventional gas in NSW and Victoria?

Unconventional gas in NSW and Victoria needs community support, not just government approval.

More

Gasfields Commission’s register of conduct and compensation agreements: Good idea or not?

Will public disclosure of conduct and compensation agreements open a big can of worms?

More

Are there ‘real changes’ ahead for Australia’s mining sector?

Tony Abbott has declared Australia is ‘open for business’ but will the Coalition’s promises translate to real change?

More

Resolving disputes about Conduct and Compensation Agreements in Queensland

When compensation negotiations between resource companies and landowners stall, which dispute resolution method works best to get an agreement?

More

Who is an “occupier” under Queensland’s Petroleum & Gas Act?

The new “occupier” definition has broadened the scope of “who” is eligible to claim compensation from resource companies.

More

Don’t kill the golden goose before it lays an egg - Time to review restrictions on the unconventional gas sector

As the resources boom recedes the opportunity cost of restrictions on shale and coal seam gas is mounting.

More

New clarity on compensation for landowner time

The Land Court has confirmed the current statutory position in relation to landowner time for resources compensation.

More

What constitutes a material change in circumstances under Queensland’s Petroleum & Gas Act?

Resources companies must understand the types of changes that are ‘material’ and could trigger a compensation review.

More

Cash bidding for exploration permits in Queensland - A losing game for junior explorers?

Smaller explorers could be squeezed out of the state’s most highly prospective acreage.

More

The regulation of unconventional petroleum exploration and production in Western Australia

With WA having one of the largest technically recoverable shale gas reserves in its Canning and Perth basins, it is no wonder that unconventional petroleum exploration is gathering pace and attracting investment from international oil companies.

More

Do resources companies have to compensate land owners for their time?

Do Queensland land owners have a right to compensation for the time they spend negotiating conduct and compensation agreements?

More

FLNG in the Greater Sunrise Basin - Can Gary Gray make a difference?

Can the new Minister for Resources and Energy help break the deadlock over the massive Greater Sunrise Basin gas field?

More

Financing Australia’s shale gas revolution

Shale gas promises to revolutionise world energy markets. But what is its future in Australia?

More

Energy White Paper 2012: Will Australia’s high cost disease prove terminal?

When it comes to energy it's too easy to assume Australia is sitting pretty.

More

An emerging new world for the environmental regulation of unconventional gas projects in Western Australia

Last week saw the commencement of new regulations in Western Australia designed to ensure good environmental performance of unconventional gas projects in this State.

More

Our Experience

Ichthys Gas Field Development Project

Corrs advised the majority shareholder, INPEX Browse Ltd, on the $24 billion Ichthys Gas Field Development project, representing the largest ever initial investment in an Australian resources project.

Corrs has worked with Inpex on various aspects of the project including the Onshore Front-End Engineering Design (FEED) contract. Throughout, Corrs’ role has involved clearly assessing potential legal, regulatory, construction and procurement issues and devising effective structures and contracts to mitigate potential risks.

Pluto LNG Project

Corrs has advised Woodside on the structure, planning and subsequent $3 billion proposed expansion of Woodside’s flagship Pluto LNG project. The project has involved developing innovative structures designed to facilitate financiability whilst preserving operator control over the hub.

Throughout the project, Corrs has worked closely with Woodside to advise on and prepare complex commercial agreements, negotiate with third parties and minimise complex commercial and tax problems, often within tight timeframes.

Queensland Curtis LNG (QCLNG) Project

Corrs is advising QGC on all aspects of the contract documentation required to procure pipeline infrastructure and water treatment, storage and disposal facilities and all aspects of land access, environmental and other approvals in relation to the project.

QCLNG is one of the world's largest coal seam gas to liquefied natural projects involving a $15 billion investment by BG Group, QGC’s parent.

Challenges included the large land area (requiring construction of a 400-kilometre pipeline), managing government and environmental concerns, traversing complex regulations and drafting and implementing major international supply and construction contracts.

Corrs’ cross-disciplinary team worked closely with BG Group’s business units to address multi-jurisdictional issues, co-ordinate documentation, develop a common approach to project risk management and deliver the landmark project.

Our Thinking

Reviewing coal seam gas compensation due to a “material change in circumstances”

For the first time, the Land Court has reviewed the compensation agreed under a Conduct and Compensation Agreement for coal seam gas activities due to an alleged “material change in circumstances”.

Institutional investors and the Queensland resources sector: a new challenge to clean exit

Why institutional investors in Queensland could face serious issues when they realise their investment on a clean-exit basis

When is a water treatment plant part of coal seam gas ‘prospecting’?

A recent decision by Justice Moore in People for the Plains v Santos [2016] has provided some clarity around the types of activities that fall under the definition of ‘prospecting’ and can therefore be carried out without development consent.

High Court Invalidates Federal Law Exempting Offshore Resource Activities from Visa Requirements

Following the High Court’s decision in Maritime Union of Australia v Minister for Immigration and Border Protection [2016], employers in the offshore oil and gas sector will now have to ensure foreign workers have valid visas.

What Queensland’s new government will mean for the resources sector

Tough market conditions means government policy will be increasingly critical to the industry.

Will 2015 be a stand out year for M&A in the oil and gas industry?

Tough conditions for oil and gas point to a tumultuous year for the sector, with tie ups between participants featuring prominently.

Alternative options for reasonable legal costs in compensation negotiations and potential disclosure protocols

Is there a better way for dealing with reasonable legal costs and could disclosure protocols be introduced?

What are reasonable legal costs?

How do you determine whether legal fees are reasonable?

Investing in the Australian petroleum industry

The Australian resources sector is moving into a new era, with the future of the industry marked by major emerging opportunities in the petroleum industry.

Reimagining Australia’s shale gas revolution: Lessons to be learned at home and abroad

Shale gas in Australia is shackled by misinformation and inefficient regulation.

Opportunity for junior explorers as Queensland Government releases land for petroleum and gas exploration via a non-cash competitive tender

The Queensland Government has announced that six parcels of land have been released for petroleum and gas exploration through a non-cash competitive tender.

Mining and oil and gas safety prosecutions set to rise in the West

Businesses that have had a serious safety incident since mid-2011 should be ready for the prosecutor to come knocking.

Better times ahead for unconventional gas in NSW and Victoria?

Unconventional gas in NSW and Victoria needs community support, not just government approval.

Gasfields Commission’s register of conduct and compensation agreements: Good idea or not?

Will public disclosure of conduct and compensation agreements open a big can of worms?

Are there ‘real changes’ ahead for Australia’s mining sector?

Tony Abbott has declared Australia is ‘open for business’ but will the Coalition’s promises translate to real change?

Resolving disputes about Conduct and Compensation Agreements in Queensland

When compensation negotiations between resource companies and landowners stall, which dispute resolution method works best to get an agreement?

Who is an “occupier” under Queensland’s Petroleum & Gas Act?

The new “occupier” definition has broadened the scope of “who” is eligible to claim compensation from resource companies.

Don’t kill the golden goose before it lays an egg - Time to review restrictions on the unconventional gas sector

As the resources boom recedes the opportunity cost of restrictions on shale and coal seam gas is mounting.

New clarity on compensation for landowner time

The Land Court has confirmed the current statutory position in relation to landowner time for resources compensation.

What constitutes a material change in circumstances under Queensland’s Petroleum & Gas Act?

Resources companies must understand the types of changes that are ‘material’ and could trigger a compensation review.

Cash bidding for exploration permits in Queensland - A losing game for junior explorers?

Smaller explorers could be squeezed out of the state’s most highly prospective acreage.

The regulation of unconventional petroleum exploration and production in Western Australia

With WA having one of the largest technically recoverable shale gas reserves in its Canning and Perth basins, it is no wonder that unconventional petroleum exploration is gathering pace and attracting investment from international oil companies.

Do resources companies have to compensate land owners for their time?

Do Queensland land owners have a right to compensation for the time they spend negotiating conduct and compensation agreements?

FLNG in the Greater Sunrise Basin - Can Gary Gray make a difference?

Can the new Minister for Resources and Energy help break the deadlock over the massive Greater Sunrise Basin gas field?

Financing Australia’s shale gas revolution

Shale gas promises to revolutionise world energy markets. But what is its future in Australia?

Energy White Paper 2012: Will Australia’s high cost disease prove terminal?

When it comes to energy it's too easy to assume Australia is sitting pretty.

An emerging new world for the environmental regulation of unconventional gas projects in Western Australia

Last week saw the commencement of new regulations in Western Australia designed to ensure good environmental performance of unconventional gas projects in this State.

Our Experts

Andrew Chew.jpg

Andrew Chew

Partner Sydney +61 2 9210 6607
McCORMACKAndrewwebsitegreyfakeSIZEDTH.jpg

Andrew McCormack

Partner Brisbane +61 7 3228 9860
Ben Davidson.jpg

Ben Davidson

Partner Melbourne +61 3 9672 3500
Bruce Adkins.jpg

Bruce Adkins

Partner Brisbane + 61 7 3228 9431
LOCKHART Colin website grey SIZED TH

Colin Lockhart

Counsel Perth +61 8 9460 1713
WHEELAHAN Frances website grey SIZED TH

Frances Wheelahan

Partner Melbourne +61 3 9672 3380
Jack de Flamingh.jpg

Jack de Flamingh

Partner Sydney +61 2 9210 6192
WIGGINS Jen website grey SIZED TH

Jen Wiggins

Consultant Perth +61 8 9460 1784
BUTTON Jillian website grey SIZED TH

Jillian Button

Partner Melbourne +61 3 9672 3493
FARRERJonathanwebsitegreySIZEDTH.jpg

Jonathan Farrer

Partner Melbourne +61 3 9672 3383
HUANGLimingTH.jpg

Liming Huang

Partner Melbourne +61 3 9672 3132
KNIGHTLizzie_3.jpg

Lizzie Knight

Partner Sydney +61 2 9210 6437
Shea Lucy website grey SIZED TH

Lucy Shea

Special Counsel Perth +61 8 9460 1810
MUIR Matthew website grey SIZED TH

Matthew Muir

Partner Brisbane +61 7 3228 9816
THORNE Nick FULL SIZE 90x130

Nick Thorne

Special Counsel Brisbane +61 7 3228 9342
DUFFIELDNigelwebsitegreySIZEDTH.jpg

Nigel Duffield

Special Counsel Melbourne +61 3 9210 3291
CARELESSPaul.jpg

Paul Careless

Special Counsel Brisbane +61 7 3228 9435
Peter Jarosek.jpg

Peter Jarosek

Partner Perth +61 8 9460 1804
CLARKE Robert website grey SIZED TH

Robert Clarke

Partner Melbourne +61 3 9672 3215
Rod website grey MOCK thumb

Rod Dann

Partner Brisbane +61 7 3228 9434
FRANCIS Scott website grey SIZED TH

Scott Francis

Special Counsel Brisbane +61 7 3228 9495
MILLS Vaughan SF

Vaughan Mills

Partner Brisbane +61 7 3228 9875