In the 1970s, Americans faced long lines at gasoline pumps. Today, the United States is a net oil and petroleum exporter. How did this happen? Two words: technology and innovation.
“Modern technology means more oil and gas can be extracted from the same wells. It’s called hydraulic fracturing, or fracking,” says ShareAmerica, an organisation that informs global audiences about life in the US and offers engaging material on a number of topics.
“Frackers pump water and chemicals...
The 2019 winner of APPEA’s prestigious Tony Noon Memorial Scholarship is Elliot Foley, a PhD candidate from James Cook University based in Townsville.
Mr Foley – who is studying geoscience – was awarded the $3,000 scholarship for his research on sedimentary basins and petroleum prospectivity in north-eastern Queensland, focusing on the Carpentaria Basin.
The annual Tony Noon Memorial Scholarship provides a one-off grant for honours, Masters or PhD students from a range of...
Following the recent news that Saudi Arabia’s national oil company has completed the initial public offering (IPO) of 3 billion shares — raising $25.6bn — international analysts have reacted saying the listing was not a complete success.
Richard Thompson, an Editorial Director at GlobalData, commented:
“Aramco’s IPO has several important objectives for the company and for Saudi Arabia. Most obvious is that it has raised $25.6bn in equity for the company that will be...
Queensland natural gas is fuelling Queensland energy and Queensland manufacturing jobs in a national first.
Senex Energy’s Project Atlas has delivered its first gas to its first customer, state-owned power generator CleanCo, and will follow within weeks to building products maker CSR, which has three south-east Queensland manufacturing plants.
Mines and Energy Minister Dr Anthony Lynham said the energy and resources milestone was underpinning manufacturing jobs and businesses and...
The first significant investment in the Petrel field in five years has begun in the Bonaparte Basin with Polarcus commencing a 3D seismic survey in the area on behalf of Neptune Energy.
Neptune said the survey would expand the area of seismic data the company holds and significantly increase the quality and breadth of data, for the company and its partners in the Petrel JV to plan a path forward.
Neptune Energy Australia Managing Director, Janet Hann, said: “The Bonaparte Basin...
Petrosys has announced the acquisition of GLOBE Claritas™ seismic processing software from GNS Science in New Zealand.
GLOBE Claritas said the backing of Petrosys “will open up a new phase of growth for GLOBE Claritas™, allowing stronger penetration of geographical markets and providing access to a broader shared global client list and geographic outreach focused on the resources industry.
“Our corporate ethos of allowing acquired companies to retain their individual brand...
Empire Energy has raised $12 million to advance exploration programmes in the company’s 100% owned EP187 tenement in the Betaloo Basin, Northern Territory.
Funds derived from the placement to institutional and sophisticated investors are set to unlock the Northern Territory’s first exploration targeting the Velkerri Shale.
At present 2D seismic data acquired in EP187 is being processed and interpreted to determine final locations for exploration drilling, which is scheduled to...
As delegates gather in Madrid for the 25th annual United Nations Climate Change Conference, the latest government estimate released with the June 2019 Quarterly Update of Australia’s National Greenhouse Gas Inventory confirms the importance of Australia’s liquefied natural gas (LNG) exports for reducing global greenhouse gas emissions.
“It’s important to recognise the global appetite for energy is growing, with more than 1.1 billion people lacking access to electricity....
Mosman Oil and Gas has welcomed a one-year permit extension for a prospect in the Amadeus Basin in the Northern Territory whereby the Sydney-based company has been granted a 12-month suspension of year three work-program commitments.
The company has also been granted a corresponding extension of the permit term.
“This is exactly the decision Mosman had sought and now the company can move forward with the 2D seismic acquisition, seismic processing and interpretation and exploration...
CGG has announced a program to deliver the largest OBN multi-client survey ever conducted in the UK Central North Sea (CNS).
Planned to start in early 2020, the survey has already received significant industry interest and is being prefunded in part by BP. First results are targeted for Q1 2021.
CGG said that in the CNS, where complex salt diapirism has created significant challenges to imaging deeper reservoir targets, this new survey, with its long-offset, full-azimuth coverage and...