Within three to five years, China will no longer be the bedrock of the oil industry as demand in the world’s second largest economy is set to peak and then go into decline.
Archives for September 2023
Tamboran Spuds Amungee 3H
Tamboran Resources has spudded the Amungee 3H Well at its 38% owned EP 98 Permit in the Betaloo Basin with the Helmerich & Payne superspec Flex 3 Rig.
Hydrogen Hub Gets Green Light for South Australia
Australian Prime Minister Anthony Albanese has announced a largely federal government funded initiative to develop a hydrogen hub in South Australia.
The Hydrogen and Renewable Energy Bill Has Entered Parliament
After widespread public and stakeholder consultation, South Australia said it was pleased to announce that the world-leading Hydrogen and Renewable Energy Act Bill has been introduced to the South Australian Parliament.
‘Australian Energy Producers’ is Revealed as New Name for APPEA
Australian Energy Producers has been unveiled as the new name of the peak body of the nation’s explorers and producers of essential energy.
PGS and TGS Combine to Form Single Energy Data Company
TGS ASA and PGS ASA have announced that they have agreed the principal terms of a combination of TGS and PGS to create a strong full-service energy data company.
GECF announces key milestone: 7th Summit of Heads of State Date in Algeria
All eyes will be on Vladimir Putin's movements as the Gas Exporting Countries Forum convenes the 4th High Level Ad-Hoc Working Group meeting at the GECF Secretariat.
All is Quiet Except on the Western (Australian) Front
Strikes are the only thing keeping shoulder season prices buoyant.
Volatility has returned to gas markets as workers at Chevron’s Wheatstone platform and LNG facility, as well as the Gorgon LNG facility, went on strike on 8 September after the five-day negotiations with the US supermajor failed.
In a gas and LNG market update, Rystad Energy’s vice president Kaushal Ramesh noted that the front-month Title Transfer Facility (TTF) had opened at over $12 per million British thermal units (MMBtu) on 8 September - 25% lower than the recent high on 22 August…
Report Finds Growing Role for Natural Gas in Fuelling WA Economy
An independent report into Western Australia’s gas market has highlighted the growing importance of natural gas in WA’s energy mix and the need for investment in new supply.