Van Gogh, Coniston drive oil production: EnergyQuest

EnergyQuest has released its March 2020 report, highlighting the surge in oil production from Van Gogh and Coniston and increasing national output for the first time since 2014. The report outlined the national production increased by 15.1 per cent year on year to 47.6 MMbbl in 2019. Further, the national production of oil and natural …
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EnergyQuest, APPEA express Equinor disappointment

EnergyQuest chief executive Graeme Bethune and APPEA South Australia director Matthew Doman believe Equinor’s decision to abandon drilling in the Great Australian Bight will be a setback for the oil and gas industry’s growth. Bethune revealed that with carbon costs starting to bite, European companies such as Norway’s Equinor appear to be setting higher standards …
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Equinor abandons Great Australian Bight drilling

Equinor has decided to withdraw from its oil exploration program in the Great Australian Bight offshore South Australia. In December last year, the Norwegian energy company’s deep-water Stromlo-1 exploration well, which is in the Ceduna Sub-Basin, was approved by the National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA). Equinor had planned to undertake its …
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Wilderness Society targets Equinor approval to drill Bight

The Wilderness Society South Australia has commenced legal proceedings in the Federal Court of Australia to challenge Equinor’s environmental approval to drill for oil in the Great Australian Bight Equinor’s deep-water Stromlo-1 exploration well, which is in the Ceduna Sub-Basin offshore Southern Australia, was approved by the National Offshore Petroleum Safety and Environmental Management Authority …
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Equinor secures second approval for Great Australian Bight exploration

The first approval was granted in 2011 when the National Offshore Petroleum Titles Administrator and the ministerial joint authority, comprising federal and state government resources ministers, granted an exploration title for activity in the Bight. Norway’s Equinor is the sole titleholder of the exploration permit and as part of the permit commitment, it plans to …
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Karoon to exit Great Australian Bight

The company will instead focus on progressing a number of South American assets, according to chairman Bruce Phillips. Speaking at the company’s annual general meeting (AGM), Phillips said the company was focussed on ensuring its broader asset portfolio was appropriately sized for its capital capabilities and corporate values. “In Australia we have relinquished WA-314-P after …
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NOPSEMA needs more from Equinor

The National Offshore Petroleum Safety and Environment Management Authority (NOPSEMA) has issued a notice to the Norwegian-based rel=”noopener noreferrer”>Equinor for further information relating to consultation, source control, oil spill risk and other matters protected under Part 3 of the Environment Protection and Biodiversity Conservation Act 1999. Equinor first submitted its environment plan in April this …
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Report: Norway could make more from Bight

According to research from The Australia Institute, through its sovereign wealth fund’s part ownership of would-be Bight driller Equinor, the Norwegian Government would receive estimated profits of $8.1 billion if the project is approved and developed. The estimates, which are based on the best-case scenario of the prospective drilling and use economic modelling from ACIL …
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Concerns raised over Bight chemicals

Prepared by James Cook University Professor Jodie Rummer and Greenpeace, the report alleges Equinor’s response to any potential oil spill during drilling operations in the Great Australian Bight would include the use of large quantities of dispersants, including Corexit 9500, which Greenpeace said is harmful to both humans and marine life and was banned in …
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Bight seismic deferred to next year

In January, the National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) approved an application from PGS to conduct seismic surveys in area approximately 90 km west of Kangaroo Island and 80 km southwest of Port Lincoln. But according to The Advertiser the company has suspended the operations until next year after funding from investors was put …
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