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.
Industry
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.
Oil & Gas Industry Contract Value Up 27% Says GlobalData
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.
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.