• 5 minutes Malaysia's Petronas vs. Sarawak Court Case - Will It End Up In London Courts?
  • 9 minutes Sell out now or hold on?
  • 16 minutes Oil prices going down
  • 59 mins Oil prices going down
  • 3 hours Oil and Trade War
  • 3 hours When will oil demand start declining due to EVs?
  • 16 hours Two Koreas Agree To March Together At Asian Games
  • 1 hour After Three Decade Macedonia End Dispute With Greece, new name: the Republic of Northern Macedonia
  • 6 hours Sell out now or hold on?
  • 6 hours Russia and Saudi Arabia to have a chat on oil during FIFA World Cup - report
  • 8 hours Correlation Between Oil Sweet Spots and Real Estate Hot Spots
  • 3 hours venezuala oil crisis
  • 2 hours Trump Hits China With Tariffs On $50 Billion Of Goods
  • 3 hours Germany Orders Daimler to Recall 774,000 Diesel Cars in Europe
  • 35 mins What If Canada Had Wind and Not Oilsands?
  • 7 hours Malaysia's Petronas vs. Sarawak Court Case - Will It End Up In London Courts?
  • 16 hours Geopolitical and Political Risks make their strong comeback to global oil and gas markets
  • 13 hours Trump Renews Attack On OPEC Ahead Of Group's Production Meeting
  • 2 hours The Wonderful U.S. Oil Trade Deficit with Canada

Breaking News:

Egypt Raises Fuel Prices By Up To 50%

Alt Text

Petronas Halts all Imports of Iranian Crude in South Africa

Engen, a South African based unit of Petronas, has announced that it has halted all crude imports from Iran, which used to account for 80 percent of

Read more +
Alt Text

Acquisition of Maari 3D Seismic Survey Commences

Cue energy has just released good news regarding permits for projects in New Zealand

Read more +
Alt Text

Environmental Approval Extended for Tassie Shoal LNG Project

MEO Australia Ltd has just received environmental approval for its Tassie Shoal LNG project.

Read more +

Environmental Approval Extended for Tassie Shoal LNG Project

Tassie Shoal LNG project environmental approval updated

Key Points:
•    Tassie Shoal LNG project environmental approval updated & extended for at least 5 years
•    Environmental approval terms consistent with recently sanctioned projects

MELBOURNE, AUSTRALIA (29th March, 2012)

MEO Australia Limited (ASX: MEO; OTC: MEOAY) is pleased to advise that the Federal
Government has updated the Timor Sea LNG Project environmental approval. Concurrent with this revision the Department confirmed that the approval will remain valid until at least 28th March 2017.

The Federal Department of Sustainability, Environment, Water, Population and  communities reviewed the status of the environmental approval under the Environment Protection and Biodiversity Conservation Act 1999 (EPBC Act) and requested a revision to the terms of the approval to bring it into line with recent approval decisions.

Several of the revisions are now standard features of current approvals and are primarily borne out of the Montara Incident and subsequent Inquiry. Other revisions reflect contemporary practice and provide greater guidance on the requirements for the construction, operations and oil spill plans which will form the basis of subsequent approvals required before project commencement.

MEO’s CEO and MD Jürgen Hendrich commented on the announcement:

“We are very pleased that the Government has revised the terms of the Tassie Shoal LNG project environmental approval and has given a clear, minimum five year extension. This initiative supports our efforts to commercialise this Project together with the Tassie Shoal Methanol Project and provides the clarity needed by prospective project partners to evaluate the projects.”

Click on the above pdf for the full release.

Oilprice - The No. 1 Source for Oil & Energy News