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Appea Welcomes Senate Committee's Rejection of Great Australian Bight

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Appea Welcomes Senate Committee's Rejection of Great Australian Bight Appea welcomes Senate committee’s rejection of Great Austra... http://www.miningweekly.com/article/appea-welcomes-senat... SEARCH By GLOBAL MINING NEWS IN REAL TIME HOME Americas R/€ = 14.55 R/$ = 13.67 Follow @MiningWeeklyCA 8,389 followers Au 1256.58 $/oz Pt 958.50 $/oz Edition LATEST NEWS SECTOR NEWS WORLD NEWS Home / Americas Home ← Back Free Daily News MAGAZINE Appea Subscribe VIDEO REPORTS welcomes RESEARCH Senate PRESS OFFICE committee’s ELECTRA MINING rejection of ANNOUNCEMENTS Great Read Now Advertise Now LOGIN Australian Columnists Bight Topics Protection Bill What's On Jobs Tenders Mining Indaba Apps Photo by Bloomberg Suppliers Directory 30TH MARCH 2017 SAVE THIS ARTICLE EMAIL THIS ARTICLE BY: ESMARIE SWANEPOEL About Us CREAMER MEDIA SENIOR DEPUTY EDITOR: FONT SIZE: - + AUSTRALASIA ERTH (miningweekly.com) – The Australian Petroleum Production and P Exploration Association (Appea) has welcomed the Senate committee’s rejection of a Bill seeking a ban on oil and gas activities in the Great Australian Bight. back to top 1 of 5 2017/04/04 14:58 Appea welcomes Senate committee’s rejection of Great Austra... http://www.miningweekly.com/article/appea-welcomes-senat... SEARCH By GLOBAL MINING NEWS IN REAL TIME Great Australian Bight Protection Bill 2016, recommending HOME that it should not be passed. LATEST NEWS ADVERTISEMENT SECTOR NEWS WORLD NEWS The committee warned that the new legislation will create MAGAZINE regulatory uncertainty and that Australia’s reputation as an VIDEO REPORTS investment destination for oil and gas companies would be severely damaged by the Bill. RESEARCH PRESS OFFICE The committee noted that, despite the concerns raised by the Bill that the Great Australian Bight was at risk from oil and ELECTRA MINING gas operations, it believed the protection offered by the ANNOUNCEMENTS current regulatory regime was adequate. LOGIN Appea director for South Australia Matthew Doman said Columnists on Thursday that it was pleasing that petroleum exploration Topics in the Great Australian Bight continued to receive bipartisan support. What's On Jobs “The committee has made a sensible and responsible recommendation which should be accepted by the Senate. Tenders Mining Indaba “As the committee notes, revocation of permits would lead to the loss of Australian jobs and the cancellation of contracts by Apps companies that have already spent more than A$200-million Suppliers Directory in exploration in the Bight since 2011,” Doman said. About Us “The uncertainty created by such actions would severely damage Australia’s reputation as an investment destination for oil and gas.” Doman noted that the committee was also right to back Australia’s independent regulator, the National Offshore Petroleum Safety and Environmental Authority (Nopsema), which has been in operation since 2012. back to top 2 of 5 2017/04/04 14:58 Appea welcomes Senate committee’s rejection of Great Austra... http://www.miningweekly.com/article/appea-welcomes-senat... SEARCH By GLOBAL MINING NEWS IN REAL TIME management, and appropriate community consultation. HOME LATEST NEWS “One of Nopsema’s strengths is its regulatory independence, something that would be severely compromised if the Greens’ SECTOR NEWS Bill was passed. WORLD NEWS “With proper regulatory oversight, there is no reason a safe, MAGAZINE sustainable offshore petroleum industry should not be VIDEO REPORTS possible for South Australia, as it has been in Victoria and Western Australia for several decades. RESEARCH PRESS OFFICE “The economic benefits are potentially enormous. While it is very early days, success in the Bight would attract investment ELECTRA MINING to South Australia and see significant local job creation.” ANNOUNCEMENTS EDITED BY: CHANEL DE BRUYN LOGIN CREAMER MEDIA SENIOR DEPUTY EDITOR ONLINE EMAIL THIS ARTICLE SAVE THIS ARTICLE ARTICLE ENQUIRY Columnists To subscribe email [email protected] or click here To advertise email [email protected] or click here Topics What's On Your email address here... Email me Africa / Europe free daily news Jobs Tenders Related Articles Mining Indaba Appea welcomes South Australia govt’s support for gas exploration projects → Boost for Western Australia as Gorgon starts supplying first customers → Apps Continued gas development needed to keep WA market well supplied → Suppliers Directory About Us Comment Guidelines back to top 3 of 5 2017/04/04 14:58 Appea welcomes Senate committee’s rejection of Great Austra... http://www.miningweekly.com/article/appea-welcomes-senat... 0 Comments Creamer Media !1 Login SEARCH By & Recommend " Share GLOBAL MINING NEWSSort IN REAL by Best TIME HOME Start the discussion… LATEST NEWS SECTOR NEWS Be the first to comment. WORLD NEWS MAGAZINE ALSO ON CREAMER MEDIA High-temperature reactor phoenix ‘I will not betray our people,’ says VIDEO REPORTS emerging from PBMR ashes? 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