Great Australian Bight

Hundreds unite against drilling in Great Australian Bight

Hundreds of people linked hands on the shores of Perth, Adelaide, Melbourne, Newcastle and many other coastal towns across Australia on May 19 to call on Norwegian oil giant Statoil-Equinor to drop its plans to drill in the Great Australian Bight.

The event was organised by the Great Australian Bight Alliance, a convergence of 13 conservation groups, including The Wilderness Society, Sea Shepherd Australia, Seed Indigenous Youth Climate Network, Australian Marine Conservation Society, Conservation Council South Australia and First Nations Mirning and Kokatha elders.

Chevron abandons drilling plans in Great Australian Bight

Chevron has become the second big oil company to abandon plans to drill for oil in the Great Australian Bight off the South Australian coast, a year after BP cancelled its plans to drill.

Oil companies say the Bight has similar potential to the Gulf of Mexico, site of the Deepwater Horizon oil spill of 2010, which was the largest marine oil spill in history and killed 11 people.

Statoil to drill for oil in Great Australian Bight

Norwegian oil and gas company Statoil has taken over two exploration permits from BP and plans to begin drilling for oil in the Great Australian Bight by late next year.

Statoil and BP have signed a swap agreement covering four offshore petroleum titles. Under the deal Statoil transferred its 30% equity in two of its permits to BP and exited the licences. In return, BP has given its 70% equity in two other permits to Statoil and relinquished those licences.

BP pulls out of oil drilling in Great Australian Bight

BP鈥檚 recent decision to pull out of a plan to drill for oil in the Great Australian Bight has been dubbed 鈥渟trategic鈥 by the company鈥檚 exploration managing director, Claire Fitzpatrick.

Taxpayers to subsidise oil spill clean-ups

Taxpayers will subsidise the clean-up costs of oil spills in the Great Australian Bight under the terms of the controversial Petroleum Resource Rent Tax.

Treasury officials have confirmed that clean-up costs for oil spills from exploration wells would be classified as 鈥渆xploration expenditure鈥 under the PRRT regime, meaning they would be tax deductible for oil companies and could be held over and 鈥渦plifted鈥 into future years at an annual rate of 17.5%.

BP withdraws plans to drill Great Australian Bight

BP finally announced in late December it had withdrawn its two environmental plans for exploration drilling two months after announcing it would ditch the controversial project.

Australia鈥檚 offshore oil and gas regulator, NOPSEMA, had already sent back BP鈥檚 application to drill in the Bight three times and was due to make a decision on its latest two submitted plans by the end of the year.

Chevron, Santos, Murphy and Karoon Gas still have exploration licences but will face the same massive costs and increasing community opposition that BP experienced.

BP announces it will not drill for oil in Great Australian Bight

BP announced on October 11 that it has abandoned plans for a $1.4 billion program to explore for oil in the Great Australian Bight, off South Australia.

The British petroleum giant said the decision, which delighted environmental groups, was made because the project was not economically viable. It said it would instead focus on projects it could exploit in the short-to-medium term.

SA government admits risk of oil drilling

The South Australian government has finally admitted that oil drilling in the Great Australian Bight is a risk, with two government reports highlighting the risks of spills and shipping and threats to marine life. The Department for Planning, Transport and Infrastructure鈥檚 South Australian Marine Spill Contingency Action Plan admits: 鈥淭he intended drilling activities increases both the South Australian and West Australian risk profile with respect to possible spills from the rig itself as well as an increase in shipping movements to and from the rig.鈥

Senate to probe BP's plans for Great Australian Bight

The Senate will shine a much-needed spotlight on BP鈥檚 plans to drill for oil in the Great Australian Bight after it voted for an inquiry into the matter. The inquiry will report back by May 12. The Senate鈥檚 Environment and Communications References Committee will look into the potential environmental, social and economic impacts of BP鈥檚 planned exploratory oil drilling project and any future oil or gas production in the Great Australian Bight.

BP's Great Australian Bight oil drilling plans rejected

Australia's offshore oil and gas authority, National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) has rejected BP's application to drill for oil in the Great Australian Bight on the grounds that its 鈥渆nvironment plan does not yet meet the criteria for acceptance under the environment regulations鈥. NOPSEMA had earlier said BP needs a comprehensive risk assessment and a comprehensive oil pollution emergency plan.

Protests against BP鈥檚 plans to drill for oil in Great Australian Bight

Protesters hold a banner opposing BP oil drilling in the Great Australian Bight, in St Kilda beach on May 16. Photo: Chris Peterson About 100 people rallied at Glenelg in Adelaide to protest against plans by oil company British Petroleum to explore for oil in the Great Australian Bight.