US oil major Chevron has entered a settlement agreement with the Australian Taxation Office (ATO). The oil company had already submitted an appeal to the Australian High Court after the federal court ruled in April that Chevron was guilty of tax evasion. This appeal has now been withdrawn.
"Chevron Australia has reached agreement with the Australian Taxation Office on the loan transfer pricing dispute and have withdrawn our appeal to the High Court," the company said in an emailed statement to Reuters.
Already a subscriber? Log in.
Read the whole article
Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers.
Start a free company trial todayMore from EnergyWatch
Ørsted aims to be number one on carbon capture
The utility hopes to win the Danish carbon capture and storage tender with a plan to capture 400,000 tonnes of CO2 by 2025 from the company’s biomass-fired combined heat and power stations.
H2 Energy calls for faster offshore wind tender to accelerate PtX efforts
With its 1GW hydrogen production, Swiss H2 Energy Europe is among the companies confident in a booming hydrogen industry in Denmark in coming years. For Denmark to take the lead, political action is needed, the company notes.
Statnett warns of potential strained power situation in Norway
The map of Norway’s power situation has received a splash of yellow in the southern region due to low water levels and uncertainty over future import options.
Nordex downgrades forecast
The German turbine manufacturer has had a rougher start to 2022 so far than expected, prompting the company to downgrade guidance by EUR 200m at minimum.
Frontline CEO: Russian oil flows quite freely on the market
Frontline is not taking the ”moral high ground” in regards to Russia but complies with the existing sanctions. Large amounts of Russian oil are still passing through the market, said chief executive Tuesday.
Senior Expertise Director, Green fuels and PtX 
Critical Infrastructure Specialist for one of the world's most important green projects 
Junior Analyst for Power Solutions 
Offshore Cable Installation Specialist for Energy Islands 
Compliance Officer with an interest in sustainability 
Marine Sales Executive - Performance Coatings 
Senior Logistics Site Manager 
Project Developer 
Data analyst / data scientist to develop the Danish electricity distribution network and support green transformation of Denmark 
Strategic Business Development Consultant 
Industry specialist and architect - Energy & Utility