Great australian bight oil drilling benefits
25 Feb 2020 "We hold an exploration permit offshore Western Australia and will maintain not to proceed with this oil exploration project in the Great Australian Bight the significant benefits of the project at a time where Australia's oil 26 Sep 2019 Australia's offshore petroleum regulator is due to decide by Nov. to approve Equinor's plan to drill exploration wells in the Great Australian Bight. are significant economic benefits in an environment where Australia's oil petroleum exploration activities in the Great Australian Bight has driven a desire for assurance in Bight. Changes in recent months to the regulation of offshore oil and gas activities is vastly disproportionate to the benefits gained. Factors to 16 May 2019 Drilling and associated development of oil in the Australian Bight will be from a major spill far outweighs any transitory economic benefits. Great Australian Bight: Equinor abandons plans to drill for oil It is the third major oil company to abandon plans to drill in the bight, following BP and Chevron. to jobs and economic benefits for the state, while the other highlights oil-spill 20 Aug 2019 The lesson from every oil disaster around the world is that there should be a permanent ban on any oil drilling in the Great Australian Bight. 26 Feb 2019 the Equinor's oil exploration permits to drill in the Great Australian Bight. the ( economic) benefits that Australia is to receive, are minimal.
The Norwegian company is planning exploratory drilling in the Great Australian Bight in 2020, but a new report warns of the risks of developing an oil industry in the area.
You see, a Norwegian oil company called Equinor (formerly Statoil) wants to drill for oil in the Great Australian Bight, 370 km offshore. The oil platform would be a floating one, with stabilisers to deal with the constant massive swells and storm-force winds. Environment groups say the Great Australian Bight is at risk of an "absolutely catastrophic" oil spill should the area be opened to drilling. On Tuesday, Norwegian energy company Equinor released its draft environment plan for an exploration well around 370 kilometres off the South Australian Coast, claiming the project could be done "safely". Successful oil exploration in the Great Australian Bight could see the creation of more than 2,000 jobs in South Australia and generate over $7 billion in average annual tax revenue to Federal and State governments over the next four decades, a new study has found. The lesson from every oil disaster around the world is that there should be a permanent ban on any oil drilling in the Great Australian Bight, writes David Ritter. OIL DRILLING in the oceans is inherently hazardous and the consequences of just a single incident can be catastrophic for wildlife and communities. The accident-prone oil industry has already proven that catastrophic oil spills are always a matter of when, not if. According to a report commissioned by Australian Petroleum Production & Exploration Association, Equinor's plans to drill in the Bight could bring up to 1,500 jobs to South Australia over the next 40 years.
16 May 2019 Drilling and associated development of oil in the Australian Bight will be from a major spill far outweighs any transitory economic benefits.
Great Australian Bight: Equinor abandons plans to drill for oil Norwegian oil company announces it has scrapped its $200m plan to deepwater drill in Great Australian Bight Marine Park Equinor, the company currently trying to drill for oil in the Great Australian Bight, had 239 accidental oil spills in 2018 alone. Eleven of their oil and gas leakages that year were classed as… The Norwegian company is planning exploratory drilling in the Great Australian Bight in 2020, but a new report warns of the risks of developing an oil industry in the area. A 2018 ACIL Allen report on the economic impact of drilling in the Great Australian Bight suggested Australia’s GDP could gain A$5.9 billion a year if the region turns out to be a major oil field. A worst-case oil spill in the Bight would cause extensive lethal and sublethal impacts to hundreds of marine species, dozens of marine reserves, and many coastal wetlands. Such a spill could result in the mortality of hundreds of thousands of birds; thousands of marine mammals,
The Great Southern Reef is estimated to generate $10 billion every year from fishing and tourism for the Australian economy. But the lure of riches buried deep beneath the seabed — oil and gas — has some of the biggest players in the fossil fuel industry eyeing off its potential. Equinor, formerly Statoil,
26 Sep 2019 Australia's offshore petroleum regulator is due to decide by Nov. to approve Equinor's plan to drill exploration wells in the Great Australian Bight. are significant economic benefits in an environment where Australia's oil petroleum exploration activities in the Great Australian Bight has driven a desire for assurance in Bight. Changes in recent months to the regulation of offshore oil and gas activities is vastly disproportionate to the benefits gained. Factors to 16 May 2019 Drilling and associated development of oil in the Australian Bight will be from a major spill far outweighs any transitory economic benefits. Great Australian Bight: Equinor abandons plans to drill for oil It is the third major oil company to abandon plans to drill in the bight, following BP and Chevron. to jobs and economic benefits for the state, while the other highlights oil-spill 20 Aug 2019 The lesson from every oil disaster around the world is that there should be a permanent ban on any oil drilling in the Great Australian Bight. 26 Feb 2019 the Equinor's oil exploration permits to drill in the Great Australian Bight. the ( economic) benefits that Australia is to receive, are minimal.
The oil and gas exploration industry are committed to safeguarding the health of no reason that South Australia can't enjoy the benefits of offshore exploration
26 Sep 2019 Australia's offshore petroleum regulator is due to decide by Nov. to approve Equinor's plan to drill exploration wells in the Great Australian Bight. are significant economic benefits in an environment where Australia's oil petroleum exploration activities in the Great Australian Bight has driven a desire for assurance in Bight. Changes in recent months to the regulation of offshore oil and gas activities is vastly disproportionate to the benefits gained. Factors to 16 May 2019 Drilling and associated development of oil in the Australian Bight will be from a major spill far outweighs any transitory economic benefits.
25 Feb 2020 Oil drilling in The Great Australian Bight explained claims that deliberately overstated the risks and ignored the potential benefits. “Of course 12 Mar 2019 Who, exactly, will benefit if Equinor drill for oil in the Great Australian Bight? The people of southern Australia? The fishermen? The surfers? The 25 Feb 2020 Equinor has walked away from exploring for oil in the Great Australian Bight, Equinor is the latest company to abandon plans to drill the Bight, following the significant benefits of the project at a time where Australia's oil Oil or gas production in the Great Australian Bight: A Precautionary Tale is an oil spill in the Great Australian Bight as against the potential benefits of drilling. 24 Feb 2020 Great Australian Bight oil drilling abandoned by Equinor for that have outweighed any potential benefits, and they've decided not to do it. 25 Feb 2020 "We hold an exploration permit offshore Western Australia and will maintain not to proceed with this oil exploration project in the Great Australian Bight the significant benefits of the project at a time where Australia's oil 26 Sep 2019 Australia's offshore petroleum regulator is due to decide by Nov. to approve Equinor's plan to drill exploration wells in the Great Australian Bight. are significant economic benefits in an environment where Australia's oil