Australia has officially become the world’s largest exporter of Liquefied Natural Gas (LNG) on an annualised basis.
In sending overseas, an estimated record 77.514 million tonnes (Mt) of locally produced LNG in calendar 2019, Australia edged out former No. 1 LNG export titleholder Qatar, expected to produce 75Mt in 2019.
The 2019 Australian LNG exports were more than twice those of the United States, the world’s other fast-growing LNG producer. The US...
Natural gas production for Northwest Europe is forecast to decline by approximately 25% from current levels over the next five years as upcoming projects struggle to offset overall declines, according to data and analytics company, GlobalData.
The company’s report, ‘2019 Northwest Europe Upstream Development Outlook – Surge in New-Build Oil and Gas Project Starts for 2020’, reveals that gas production fell year on year over the last two years, a trend that is set to continue over...
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...
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...
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....
Australia’s oil and gas industry has welcomed the announcement by Prime Minister Scott Morrison to deliver new deregulation measures for Australian businesses.
Mr Morrison announced the development of a digital environmental approvals process and database aimed at reducing the current approvals process by between six and 18 months.
APPEA Chief Executive Andrew McConville said the industry welcomed the announcement, saying the measures will reduce red tape and unnecessary regulation,...
The United States has initiated formal withdrawal from the Paris Agreement on climate change, U.S. Secretary of State Michael R. Pompeo announced on November 4, vowing that the country would continue to reduce emissions without compromising economic growth.
This was followed by a US Department of State statement defending the Trump Administration’s position and the The United States as a “world leader in reducing emissions”.
The US Department of State said: “Between 2005 and...