The voice of the oil and gas industry today labelled a new levy of $0.48 per barrel on all offshore oil producers as over the top and extreme.
Archives for June 2021
Waitsia gas to supply CEFA’s LNG hub
Beach Energy and Mitsui E&P Australia have signed a five-year gas supply agreement with Mid-West LNG, a group company of Clean Energy Fuels Australia.
Backing resources should be high on new Cabinet’s agenda, says APPEA
The latest Resources and Energy Quarterly shows that it is the resources sector, including the Australian oil and gas industry, continuing to drive the nation’s economy.
PGS and Cognite optimise vessel speed without compromising seismic show
PGS and Cognite have systemized data to increase PGS vessel speed without jeopardizing the seismic acquisition operation or the vessel integrity.
Voting down ARENA regulation “short-sighted and disappointing”
APPEA says moves by some politicians to vote down regulations expanding the investment remit of ARENA (Australian Renewable Energy Agency) are short-sighted and will slow Australia’s march to reach net-zero emissions targets.
CGG Awarded Barents Sea Imaging Contract by Lundin Energy
CGG has been awarded a major project by Lundin Energy Norway AS for the seismic imaging of an innovative simultaneous node and streamer 3D survey currently being acquired over a 3700 km² area of the Nordkapp basin in the Barents Sea.
Mammoet-Haisla J.V. successfully reaches next milestone at LNG Canada
The Mammoet-Haisla Joint Venture has completed the pile handing scope for the LNG Canada project through JGC-Fluor Joint Venture in Kitimat, British Columbia.
Mammoet-Haisla said it had provided offloading services for incoming pipe piles throughout the pandemic, completing the scope in March.
Former AMMA President recognised with Queen’s Birthday Honour
Australian Resources and Energy Group AMMA has congratulated its former longstanding President Richard Owen for being awarded a Medal of the Order of Australia (OAM) for his services to business in the Queen’s Birthday Honours List.
European oil majors near pre-pandemic income levels despite weakened revenues
The European oil majors (Shell, BP, TotalEnergies, Eni and Repsol) benefitted dramatically from elevated oil and gas prices in the first quarter of 2021 as income returned to near pre-pandemic levels.
That’s according to data and analytics company GlobalData, who said the European oil majors saw large losses in 2020 as long-term oil and gas price forecasts were revised lower resulting in multi-billion-dollar asset impairments. However, far rosier dispositions have returned in 2021.
Australia’s low-carbon hydrogen trade could be worth up to US$90 billion in 2050
Low-carbon hydrogen could become a US$50 billion to US$90 billion export industry for Australia in 2050, says Wood Mackenzie.