• Member Login
  • |
  • Join Now
PESA - Petroleum Exploration Society of Australia

Promoting Professional and Technical Excellence in Energy Geoscience - Networking, On-going Professional Education, Monthly Technical Meetings

  • Home
  • About
    • Objectives
    • PESA History
    • PESA Affiliates
    • Financial Protocols
    • Constitution and Rules
    • Strategic Plan
  • Events
    • Online
    • ACT
    • QLD
    • SA / NT
    • VIC / TAS
    • NSW
    • WA
    • Industry Events
    • Social Events
    • Past Events
  • Memberships
    • Join Us
    • PESA Membership Awards
  • Latest News
    • Feature Articles
    • Industry
    • Company Updates
    • Tech Talk
    • PESA Branch Activities
  • Library
    • Technical Library
    • PESA News Magazine
    • Knowledgette Recordings
  • Scholarships
  • Employment
    • View Job Opportunities
    • Submit Job
  • Contact
Feature Articles
Industry

Budget highlights oil and gas as major economic pillar

By Dale Granger | 09/04/2019

09/04/2019 by Dale Granger

share
share
tweet

The Australian Petroleum Production & Exploration Association (APPEA) says the Federal Budget has reaffirmed the vital and significant contribution liquefied natural gas (LNG) exports play in sustaining Australia’s economic growth.

“The government has recognised the critical role Australia’s oil and gas industry plays in supporting our economy through providing energy security and exports,” said APPEA Chief Executive Andrew McConville.

This follows the recent release of the March Resources and Energy Quarterly, which found in 2018-19, Australia’s LNG export earnings are forecast to reach $50 billion, an $18 billion increase over the previous year — the largest increase of any commodity.

“Australia’s LNG projects will deliver decades of economic growth, jobs and revenues for state and federal governments,” Mr McConville said.

The oil and gas industry also applauded initiatives in the Budget to support the delivery of new domestic gas supply into the east coast market.

“APPEA welcomed the allocation of $8.4 million to support feasibility studies to accelerate gas supplies from the Northern Territory to the east coast market by opening the Beetaloo Sub‑basin for exploration and development,” Mr McConville said.

APPEA also welcomed $25 million over four years in funding to Murdoch University to establish the Harry Butler Environmental Education Centre to grow understanding of the positive relationship between economic development and environmental sustainability.

“The centre can continue Harry Butler’s legacy as a great Australian who worked closely with the oil and gas industry for more than five decades,” Mr McConville said.

Related Articles

New Harry Butler Science Centre opened on Barrow Island

25/06/2018

Karratha Gas Plant
Australia formally becomes world’s largest exporter of LNG

07/01/2020

‘Don’t kill the golden gas goose’

14/08/2017

Oil and gas fuels Australia’s growth and exports

10/09/2018

Show CommentsHide Comments

Become a Member

petroleum exploration society member badge

Join PESA now and enjoy full membership benefits

  • access to fully searchable technical library
  • extensive networking opportunities with industry leaders and peers
  • further professional education and training
  • and more!

VISIT MEMBERSHIP PAGE

Upcoming Events

Thu 28

PESA SA/NT Technical Luncheon: Is there any room for gravity in petroleum exploration? Let’s open the door again!

Thursday, 28 January @ 12:00 pm - 2:00 pm (Australia/Adelaide time)
Feb 09

LIVE WEBINAR – The Energy Transition – Challenges and Opportunities for the Oil and Gas Industry and its Professionals

Tuesday, 9 February @ 11:00 am - 12:00 pm (Australia/Perth time)
Feb 18

PESA WA Technical February lunch talk- Spatial and Stratigraphic Controls on Burial Diagenesis and Reservoir Quality in the Triassic Mungaroo Formation

Thursday, 18 February @ 12:00 pm - 2:00 pm (Australia/Perth time)
Sep 15

Save the Date – AEGC 2021

Wednesday, 15 September @ 8:00 am - Monday, 20 September @ 5:00 pm (Australia/Brisbane time)

View all events »

View Upcoming Events By Branch

PESA Events by State PESA Events in Western Australia PESA Events in South Australia and Northern Territory PESA Events in Victoria and Tasmania PESA Events in NSW PESA Events in Queensland

(Click on the the map)

PESA MAGAZINE – LATEST EDITION

PESA News Issue 159

Previous Editions

Most Popular Posts

Popular Posts

  • CUE Permits NWS Ironbark exploration well delivers a disappointing duster
  • Shell’s Prelude resumes production after almost one year
  • Total Mozambique LNG Plant Total withdraws workers as attacks close in on Mozambique LNG project
  • Santos Building Adelaide Santos makes FID for Timor Sea drilling and expansion
  • Total Mozambique LNG Plant Mozambique soldiers repel insurgent attack on Total LNG project
  • Gippsland-Basin-Vic-P47 Emperor Energy given drilling extension for Gippsland Basin permit

Norwood Resources

the Norwood resource

PESA members please use this group to help with “social license to operate” issues.

Topics

Golf WA
PESA - Petroleum Exploration Society of Australia

The Petroleum Exploration Society of Australia is a non-profit association of individuals involved in the exploration of oil and gas.

Stay in the loop

Subsribe to our newsletter and stay on the loop of what is happening in the petroleum industry and events near you

 

 

Contributors
Dale Granger
Editor

Connect with us

Logo-2CRev-66px-TM
Copyright © 2021 PESA - Petroleum Exploration Society of Australia. All Rights Reserved.
  • Advertise
  • Contact
  • Policies
  • Privacy
  • Terms & Conditions