Asia & Oceania

MOPU plan for Weizhou

A joint venture led by China’s CNOOC Ltd intends to place a mobile offshore production unit on the latest satellite development at the Weizhou oil complex in the shallow-water Beibu Gulf.

Australia plans tax review

The Australian government is to conduct a review on petroleum taxes given the “rapid decline” in tax revenues from the petroleum resource rent tax (PRRT), writes Russell Searancke.