In the short term, at least, Europe will remain dependent on Russian gas supplies for its energy needs.
Norwest seismic program all set to go in the Perth Basin
Norwest Energy has commenced preparatory operations for the 148km Ringneck 2D seismic program as the acquisition crew mobilises to Western Australia with acquisitions imminent.
Empire taps into three new Government grants to expedite Betaloo Drilling Program
The Australian Government will fund $19.4 million to Empire Energy to accelerate exploration and drilling in the Betaloo Sub-basin.
SA/NT Branch announces two prestigious awards for 2021
The PESA SA/NT Branch has played a drum roll and announced the winners of the Branch’s two research prizes for 2021.
Russia-Ukraine crisis boosts US LNG exports, but Australia ships fewer cargoes to Asia
According to Bloomberg (13 February) the “US Is Exporting Every Molecule of LNG Possible”, due to the crisis in Europe (Bloomberg, 13 February).
‘Lack of investment today will make gas unaffordable tomorrow’
With the world deeply mired in an uncertain environment, lack of investment in gas will add to the range of uncertainty surrounding the energy transition, said HE Eng. Mohamed Hamel, the Secretary General of the Gas Exporting Countries Forum (GECF).
MOL Group hit all-time high earnings for 2021
Global fuel retailer MOL Group generated US$947 million EBITDA in Q4, bringing full-year EBITDA to an all-time high of US$3.531bn, above the updated guidance.
Collaboration agreement delivers special APPEA Conference rates for PESA members
PESA has concluded a contra agreement with APPEA giving members a special discounted rate to attend the biggest oil and gas conference in Australasia at the Brisbane Convention Centre in May.
Petrobras adds Shearwater Reveal to portfolio of geophysical tools
Shearwater has announced a significant licensing contract for its Shearwater Reveal geophysical software with Petrobras. The agreement includes the provision of associated training and support services.
Cyber Attack strikes German fuel distributor
Key German fuel distributor, Mabanaft GmbH & Co. KG, has revealed that their IT systems were breached, resulting in disrupted payments at hundreds of filling stations across Europe.