EnergyNewsBulletin.net - Petroleum Resources Rent Tax

Saturday
4 February 2012

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The extension of the petroleum resource rent tax to all oil and gas companies paves the way for the fledging coal seam gas-to-liquefied natural gas sector to move ahead with development plans.

However, the PRRT still represents an additional tax on oil and gas companies, especially small and medium-cap players, some of which feel it would affect their competitiveness, jeopardise future investments and jobs.

Stay tuned to PetroleumNews.net which provides subscribers with the latest news on the extension of the PRRT and its impact on the oil and gas industry.

[13 Results - Showing Results 1 to 13]

Exxon, BHP facing $1B Bass Strait tax bill
(Friday, 15 April 2011)

EXXONMOBIL and BHP Billiton are facing a back-tax bill exceeding $1 billion after the Federal Court ruled in favour of the Australian Taxation Office in their dispute over Petroleum Resource Rent Tax payments.
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PRRT, MRRT worse than royalties
(Thursday, 31 March 2011)

ECONOMISTS have said the extension of the Petroleum Resource Rent Tax and the Minerals Resource Rent Tax could be worse than the current state-based royalties regime.
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Devil in the detail for resource tax: APPEA
(Friday, 25 March 2011)

WHILE the federal government has taken the next step toward implementing controversial resource tax reforms by accepting all the recommendations of the Policy Transition Group, Australia’s peak oil and gas body says there are many details that still need to be addressed.
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PTG to hold first meeting next week
(Friday, 17 September 2010)

THE federal government is poised to take the first step towards implementing the resource taxation reforms with the first meeting of the Policy Transition Group on September 20-21.
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Spence named to tax transition team
(Tuesday, 3 August 2010)

FORMER Woodside Petroleum chief operating officer Keith Spence has been named as a member of the Policy Transition Group which will oversee the extension of the Petroleum Resource Rent Tax.
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Labor made an error on RSPT: Ferguson
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(Thursday, 15 July 2010)

FEDERAL Resources Minister Martin Ferguson has admitted the Labor government had make a mistake with the resources super-profits tax, though a Western Australia law firm has warned the petroleum resource rent tax is not perfect either.
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PRRT rises from ashes of RSPT
(Friday, 2 July 2010)

PRIME Minister Julia Gillard has dropped the resources super-profits tax and has, in its place, extended the Petroleum Resource Rent Tax to cover all onshore oil and gas projects.
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Clock ticking on RSPT talks
Exclusively for Premium Subscribers
(Tuesday, 29 June 2010)

PRIME Minister Julia Gillard is believed to be racing against the clock to reach an agreement with the resources industry on the resources super-profits tax before the miners restart a punishing advertising campaign.
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Gillard’s win raises hopes of RSPT changes
Exclusively for Premium Subscribers
(Thursday, 24 June 2010)

HOPES have been raised that Julia Gillard’s appointment as prime minister-elect following her victory over Kevin Rudd this morning for leadership of the Labor Party could result in the resources super-profits tax being scrapped or watered down.
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‘Flawed’ RSPT could kill two CSG-LNG projects
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(Monday, 21 June 2010)

TWO of the planned coal seam gas-to-liquefied natural gas projects in Gladstone, Queensland, could be casualties of the resources super-profits tax, which a new report says is based on flawed modelling.
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RSPT: Mid-caps speak out on the tax
Exclusively for Premium Subscribers
(Wednesday, 16 June 2010)

THE government’s proposed resources super-profits tax has faced a barrage of protests and criticism since it was first announced and, in this first article in a series on the subject, PetroleumNews.net asks mid-cap players for their reaction to the RSPT.
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