Oil and gas producer Santos Ltd announced it will cut its full-year spending and defer an investment decision on Barossa as oil prices plunge and the coronavirus outbreak dents business sentiment.
Norwegian oil and gas company Equinor has informed the Australian authorities of its decision to discontinue its exploration drilling plan (Stromlo-1) in the Ceduna sub-basin, offshore South Australia, after identifying the project’s potential as not commercially competitive.
According to a recent statement, the Wilderness Society South Australia has commenced legal proceedings in the Federal Court of Australia with the aim to challenge the environmental approval to the Norwegian fossil fuel company Equinor, to commence oil drilling in the Great Australian Bight Marine Park, as granted by the National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA).
In fact, Byron Energy recently stated that the EOD 264 rig has completed its prior engagements work on Wednesday, January 15, but the rig could not be safely towed from its current location to the SM71 F platform, due to weather conditions in the Gulf of Mexico.
Wood Mackenzie recently published five issues focusing on project sanctions, exploration, mergers and acquisitions (M&A), energy transition and the IMO 2020 which will affect Asia Pacific’s upstream industry in the year of 2020.
Shell officially informed that made a “significant gas and condensate discovery” during its exploration in the Browse Basin off the North West Coast of Western Australia. Specifically, the discovery came when drilling in the Bratwurst-1 exploration well.
The National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) officially announced that accepted Equinor’s environment plan for drilling in the Great Australian Bight. This is the second exploration approval that Equinor receives, as it needs two more approvals in order to start the operations.
Rocktree Consulting, a division of Singapore-headquartered transhipment and logistics group Rocktree, conducted the front-end engineering and design (FEED) for a new floating terminal that will be operated by Australia’s Metro Mining Limited.
On 8 November 2019, Australian NOPSEMA issued a notice to Equinor requiring them to modify and resubmit their environment plan for proposed drilling in the Great Australian Bight. Equinor now has 21 days to respond to NOPSEMA’s request to modify and resubmit its environment plan. However, Equinor may request an extension to this timeline.
On 18 September 2019, Equinor provided the requested further information regarding the environment plan for their proposed exploration drilling activity in the Great Australian Bight. According to Environment Regulations, the Australian offshore regulator, NOPSEMA has resumed its assessment of Equinor’s environment plan.
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