OFFSHORE OIL WELL DRILLING – AUSTRALIA

Bight fight as drilling approved

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Original article by Nick Evans, Perry Williams
The Australian – Page: 13 & 18 : 19-Dec-19

The National Offshore Petroleum Safety & Environmental Management Authority has imposed a number of conditions on Equinor after granting environmental approval for its plans for a drilling program in the Great Australian Bight. Amongst other things, the Norway-based energy group will be restricted to drilling between October and May. Environmental groups have opposed drilling in the Bight, as has mining magnate Andrew Forrest. Equinor expects to drill the first exploration well in late 2020.

CORPORATES
EQUINOR ASA, AUSTRALIA. NATIONAL OFFSHORE PETROLEUM SAFETY AND ENVIRONMENTAL MANAGEMENT AUTHORITY, AUSTRALIA. DEPT OF INDUSTRY, INNOVATION AND SCIENCE, CHEVRON CORPORATION, BP PLC, THE WILDERNESS SOCIETY, AUSTRALIAN PETROLEUM PRODUCTION AND EXPLORATION ASSOCIATION LIMITED, ACIL TASMAN PTY LTD, WOOD MACKENZIE

Miner Forrest makes long march to Norway to protest offshore oil drilling

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Original article by Perry Williams
The Australian – Page: 21 & 24 : 22-Mar-19

Australia’s National Offshore Petroleum Safety & Environmental Management Authority has received more than 30,000 submissions regarding a proposed oil drilling program in the Great Australian Bight. Fortescue Metals Group founder Andrew Forrest is amongst those who oppose the drilling plans of Norway-based Equinor, due to the potential environmental impact on the Bight. Forrest’s Minderoo Foundation recently launched the Flourishing Oceans initiative.

CORPORATES
FORTESCUE METALS GROUP LIMITED – ASX FMG, MINDEROO FOUNDATION, EQUINOR, AUSTRALIA. NATIONAL OFFSHORE PETROLEUM SAFETY AND ENVIRONMENTAL MANAGEMENT AUTHORITY, THE WILDERNESS SOCIETY, VALE SA, CHEVRON CORPORATION, BP PLC, FLOURISHING OCEANS, AUSTRALIAN PETROLEUM PRODUCTION AND EXPLORATION ASSOCIATION LIMITED, ACIL ALLEN CONSULTING PTY LTD, WOOD MACKENZIE

Oil bonanza hopes sink as BP abandons $1.4bn search

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Original article by Barry FitzGerald
The Australian – Page: 2 : 12-Oct-16

Greenpeace and the Australian Greens have welcomed BP’s decision to terminate its oil exploration program in the Great Australian Bight. However, BHP has attributed the decision to factors such as the downturn in the crude oil price rather than pressure from environmentalists. Matthew Doman of the Australian Petroleum Production & Exploration Association says development of the Great Australian Bight’s oil fields would boost investment and employment in South Australia.

CORPORATES
BP PLC, GREENPEACE, AUSTRALIAN GREENS, AUSTRALIAN PETROLEUM PRODUCTION AND EXPLORATION ASSOCIATION LIMITED, THE WILDERNESS SOCIETY, NICK XENOPHON TEAM, SOUTH AUSTRALIA. DEPT OF TREASURY AND FINANCE, AUSTRALIA. DEPT OF INDUSTRY, INNOVATION AND SCIENCE

Energy giants target Bight’s $100bn prize

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Original article by Matt Chambers
The Australian – Page: 17 & 18 : 26-Apr-16

Wood Mackenzie has estimated that the Great Australian Bight could yield about 1.9 billion barrels of oil equivalent. However, Andrew Harwood of Wood Mackenzie notes that the downturn in the crude oil price has prompted many resources groups to shun frontier drilling. Nevertheless, BP and Chevron are among the oil producers that are seeking to undertake exploration programs in the Great Australian Bight.

CORPORATES
WOOD MACKENZIE, BP PLC, CHEVRON CORPORATION, SANTOS LIMITED – ASX STO, STATOIL AS, BHP BILLITON LIMITED – ASX BHP, WOODSIDE PETROLEUM LIMITED – ASX WPL, GREENPEACE, CONSERVATION COUNCIL OF SOUTH AUSTRALIA INCORPORATED, INTERNATIONAL FUND FOR ANIMAL WELFARE, THE WILDERNESS SOCIETY