Aug 18, 2017 Last Updated 2:35 PM, Aug 17, 2017

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Telstra cuts dividend outlook after disappointing FY performance

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Controversial offshore oil and gas plant given government go-ahead

rigAusBNeditAusBN - An offshore oil and gas plant located 120km north of Darwin, Northern Territory has received full authorisation from the federal government to continue operating.

Port Melville, a AUD$130 million project, has been given the green light by federal environment minister Josh Frydenberg, following an intervention by the federal court in October, amid growing environmental concerns.

The project will continue to operate without any special operating conditions, other than a reduction in the number of ships the port will use per year, following a review.

David Morris, of the Environmental Defenders office NT called the move ‘a fairly reckless decision to make’.

“You're talking about storing 30 million litres of diesel in an area that's subject to frequent cyclones and a high tidal range”, he told Australian Association Press.

The Environmental Defenders Office will appeal the verdict upon receiving a full copy of the official explanation for the decision. 

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