Regulatory News

Australia's National Offshore Oil Safety and Environment Management Authority (NOPSEMA) has recommended that Norwegian company Equinor suspend the preparation of the proposed environmental plan for oil exploration in the Great Barrier Reef region. After the company has submitted additional information about the project, the agency said it will complete an evaluation by the second half of November.

According to NOPSEMA, the analysis time is due to the complexity of the assessment and meeting a 2009 regulation on marine greenhouse gas and oil prospecting.

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