The COVID-19 pandemic had a significant impact on the oil and gas industry. However, the industry has been recovering since then, with oil prices gradually increasing and demand for energy returning to pre-pandemic levels.
Industry
CSIRO Research Assesses Mitigation and Offset Options for Onshore Gas in the NT
A report published by Australia’s national science agency, CSIRO, provides an assessment of options to mitigate and offset greenhouse gas (GHG) emissions associated with potential production and Australian consumption of gas extracted from the Northern Territory’s Beetaloo Sub-basin. The research addresses a recommendation of the 2018 Scientific Inquiry into Hydraulic Fracturing in the Northern Territory, chaired by the Honorable Justice Pepper. Recommendation 9.
Beach Reaches Agreement with Webuild to Complete Delivery of Waitsia 2
Following Webuild’s due diligence and review of cost and work schedules, Beach has revised its total capital expenditure estimate to $400 – 450 million net to Beach ($350 – 400 million originally) with the Waitsia Joint Venture and Webuild targeting first gas from the Waitsia Gas Plant by the end of 2023.
Global Energy Expert Joins APPEA to Boost Cleaner Energy Focus
A respected international energy and technology expert has been appointed as the Australian oil and gas industry’s new Director of Net Zero Technologies, reaffirming the sector’s focus and increasing program of work on emissions reduction and ways to use gas in a cleaner energy future.
Hydrogen ICE Vehicle Shipments to Hit 400,000 by 2040
New research from Interact Analysis shows that hydrogen ICE vehicles are in their infancy in terms of rollout. However, mass production is predicted to take off within 5 years.
Resources industry launches new workplace sexual harassment campaign
As the world today commences 16 Days of Activism Against Gender-Based Violence, Australia’s resources and energy industry has launched a new national campaign helping to address workplace sexual harassment.
Energy Dreams or Nightmares? New EnergyQuest Report Plots Tortured Path Ahead for East Coast Gas
The latest annual east coast report from independent energy consultancy EnergyQuest, East Coast Gas Outlook to 2040, Navigating the Storm, finds that the outlook for east coast gas production has improved over the last year in response to higher gas prices but remains challenged.
IEA Confirms Huge and Lasting Impact of Russia-Ukraine War on Energy Markets
Australia’s oil and gas industry says the International Energy Agency’s (IEA) World Energy Outlook 2022 report underscores the profound and lasting impact that Russia’s invasion of Ukraine has had on global energy markets.
Shell and OP Surface and Shine in Bentley Going Digital Awards in Infrastructure Excellence
Shell’s Deepwater Project Delivery Digital Platform for the Gulf of Mexico and OQ’s asset performance optimization of pipelines in Oman have emerged as finalists in this year’s Bentley Going Digital Awards in Infrastructure event.
While Some Assume Hydrogen Engines to be a Lost Cause, China Bets Big
As much as sceptics insist that the internal combustion engine (ICE) is dead and hydrogen is a non-starter, it appears that significant research and development is being conducted into the technology across geographies.