ARROW FINED OVER LAND USE BREACHES

ARROW FINED OVER LAND USE BREACHES

BRISBANE’s Arrow Energy has been fined $40,000 by the Queensland Government for five breaches of the state’s petroleum and gas laws, including unauthorised access to private land.

The coal seam gas (CSG) company also failed to give valid notice to carry out authorised operations on private land three times and illegally constructed a pipeline across a lease boundary, according to environment minister Stirling Hinchliffe.

Hinchliffe says the breaches occurred on a Daandine homestead property used in Arrow’s Daandine project in the Surat Basin, between June 2008 and January 2010.

“This strong response to Arrow's actions show the Queensland Government is serious about enforcing laws governing coal seam gas activities and their impact on affected landholders,” says Hinchliffe.

“Our laws ensure landholders are fully aware and fairly compensated for activities undertaken by resource companies on their land. They require companies to enter into legally binding conduct and compensation agreements with affected landholders.

“Petroleum and gas companies are also now subject to compulsory new reporting requirements for all exploration and production activities they plan to carry out.

“Companies must give affected landholders at least 10 business days written notice of any drilling, hydraulic fracturing or seismic activities for petroleum, gas and coal seam gas they intend carrying out.”

A spokesperson for Arrow Energy, which last year was acquired in a JV by petroleum giants Royal Dutch Shell and PetroChina, indicated the company would not be releasing a formal response to the fine.

Enjoyed this article?

Don't miss out on the knowledge and insights to be gained from our daily news and features.

Subscribe today to unlock unlimited access to in-depth business coverage, expert analysis, and exclusive content across all devices.

Support independent journalism and stay informed with stories that matter to you.

Subscribe now and get 50% off your first year!

Four time-saving tips for automating your investment portfolio
Partner Content
In today's fast-paced investment landscape, time is a valuable commodity. Fortunately, w...
Etoro
Advertisement

Related Stories

Former AFL boss Gillon McLachlan to lead Tabcorp as new CEO

Former AFL boss Gillon McLachlan to lead Tabcorp as new CEO

After speculation was quashed that he would be joining Racing Victo...

Luxury fashion seller Azura hits profitability as AI plugs data gaps

Luxury fashion seller Azura hits profitability as AI plugs data gaps

An artificial intelligence (AI) overhaul has allowed Azura Fashion ...

“Not our desired outcome”: Telix withdraws from $300m Nasdaq IPO

“Not our desired outcome”: Telix withdraws from $300m Nasdaq IPO

Telix Pharmaceuticals (ASX: TLX), one of the nation’s largest...

CommBank joins new ‘intelligence loop’ to combat SMS phishing scams

CommBank joins new ‘intelligence loop’ to combat SMS phishing scams

In an effort to reduce the number of SMS phishing scam victims...