Australia’s potential to be a global hydrogen leader, recognised in the 2022 State of Hydrogen report, could be supercharged with the introduction of a national renewable gas target, Energy Networks Australia Acting CEO Garth Crawford said.
Industry
Increasing Exploration and Production Activities Lifts Demand for Oilwell Completion Tools Market
The Growing Importance of Artificial Lift Systems: Artificial Lift Systems (ALS) are becoming increasingly important in the oil and gas industry, as they help in increasing the production rate of oil and gas wells.
Another $100B of Tax Investment Forecast from LNG Projects After $400B Investment
State and federal governments will benefit from $100 billion in taxation receipts from gas export projects over the next two decades, helping fund public services and infrastructure including roads, schools and hospitals.
Gas Hydrates Market to Surpass US$4,350 Million by the End of 2033
The global gas hydrates market is expected to register substantial growth at a CAGR of 5.4% from 2023 to 2033. The global market is anticipated to be valued at US$ 2,571.2 million in 2023. It would further reach a valuation of US$ 4,350.5 million by the end of 2033. The global gas hydrates market was valued at US$ 2,455.1 million in 2022. The growth of the market is primarily driven by significant growth in end-use applications.
GECF Report Says Saving Energy Security was a Bigger Concern than Kicking Climate Change Goals in 2022
THE Gas Exporting Countries Forum has launched the fourth edition of its Annual Gas Market Report and says energy security took precedence over climate change mitigation goals in 2022.
Germany Unveils Plan to Diversify LNG Imports and Secure Independence from Russian Gas
The German gas transmission system operators (TSOs) has presented a draft Gas Network Development Plan 2022-2032, which reflects the fundamental shift in Germany’s energy supply. The proposal is designed to facilitate the changes needed for the network to accommodate the new LNG supplies into Germany and Europe and allow greater use of western import routes while also reflecting reduced gas demand as well as efforts to switch to hydrogen with a view to making Germany fully independent of Russian gas.
Eight new LNG carriers Will Feature Wärtsilä Reliquefaction Systems
Technology group Wärtsilä says it continues to strengthen its established position as a major supplier to the LNG carrier vessel sector. Following an earlier newbuild programme in June 2022 for four new vessels, the company has now been awarded the contract to supply reliquefaction systems for a further eight ships.
These eight vessels will be owned by various leading global shipping companies. The orders by Hudong Zhonghua Shipyard were booked into Wärtsilä’s order intake in Q1 2023.
Wartsilia said the selection of Wärtsilä solutions reflects the industry’s focus on efficiency and reduced environmental impact as a means for decarbonising marine operations.
APPEA: Australia Risks Its Reputation for Reliability on ADGSM
Australia has established itself as a trusted energy and economic partner in the region and a reliable, stable investment destination. The role of gas is widely acknowledged by governments in our region as being critical to ensuring energy security and in the region’s transition to a net zero emissions future with Australian liquefied natural gas (LNG) representing a key pillar of regional energy supply. The importers of Australian natural gas are key investors in the gas sector and in the LNG projects themselves, as well as in Australia’s economy more broadly.
PGS Uses Deep Learning For Effective Noise Removal
A new method for seismic noise removal based on deep learning consistently produces superior results to traditional noise attenuation processes. The fully automated noise attenuation method has been developed that eliminates the need for time-consuming and subjective user parameter testing.
Both instrumental and environmental noise needs to be removed from motion sensor records in multisensor streamer acquisition. The new method is outlined in a PGS First Break paper in February and consists of two convolutional neural network models. The first model attenuates vertical narrow band high amplitude noise mainly generated by the instruments attached to the streamers such as eBirds.
Australian Hydrogen Council welcomes review of National Hydrogen Strategy
The Australian Hydrogen Council has welcomed the agreement by the Commonwealth to lead jurisdictions in a Review of the National Hydrogen Strategy. The new strategy will respond to the local and global changes since 2019 and guide Australia on its path to be a global hydrogen leader.