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Santos greenlights Australia's largest oil and gas investment in close to a decade - News


Article by Adam Duckett
Marlon Trottmann / Shutterstock.com
A call has been issued for Santos to deliver projects that can offset the heavy carbon emissions from Barossa
SANTOS has sanctioned a US$3.6bn investment in the Barossa gas project off Australia’s Northern Territory, extending the life of the Darwin LNG plant and marking the largest investment in the country’s oil and gas sector since 2012. Concerns about the climate impacts of the project have prompted one group to label the project “a carbon bomb”.
The Barossa development includes a floating production, storage and offloading (FPSO) vessel, subsea production wells, supporting subsea infrastructure and a gas export pipeline tied into the existing Bayu-Undan-to-Darwin LNG pipeline. The Barossa field is located around 300 km north of Darwin and the first production of gas is expected in the first half of 2025. ....

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Norway's Equinor to stay in U.S. lobby group following climate policy shift


3 Min Read
MELBOURNE (Reuters) - Norway’s Equinor ASA has decided to stay in the American Petroleum Institute after the major U.S. oil lobby group changed its stance on climate policy.
FILE PHOTO: Equinor s flag in Stavanger, Norway December 5, 2019. REUTERS/Ints Kalnins/File Photo
However, Equinor has quit the Australian Petroleum Production and Exploration Association as the firm has wound down operations in Australia after giving up an exploration drilling plan in the Great Australian Bight.
In a report dated March 2021, Equinor said it had completed an annual review of industry groups’ climate policy alignment with the Paris Agreement to limit global warming to 2 degrees Celsius and the company’s goal to be net zero by 2050. ....

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