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.
Industry
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.
GECF Meeting in Cairo Stresses Importance of Natural Gas
A Ministerial Meeting of the Gas Exporting Countries Forum (GECF) in Cairo has seen energy ministers reiterating their support for natural gas for energy and their right to explore for the hydrocarbon and benefit from it.
Oil and Gas Underpins WA’s Fourth Straight Resources Sales Record
Western Australia’s oil and gas industry has underpinned the fourth straight year of record resources sales – delivering record petroleum results and helping power the state’s miners to new highs as the resources sector employs more people than ever.
Twitter Influencers Suggest Prioritizing US Domestic Oil Production Amid OPEC Production Cut
OPEC’s decision to cut oil production by two million barrels per day, to be implemented from November to halt the oil price slide, has been condemned by influencers in the USA.
Skills Shortages Persist for Resources and Energy Industry
Collaborative efforts to ease Australia’s crippling skills crisis require urgent ramping up, with data released confirming persistent shortages across the resources sector and other key industries.
UK to Account for 29% of Europe Working Gas Capacity Additions Through 2026
The UK is expected to lead the Europe’s planned and announced working gas capacity additions in underground gas storage sites, contributing approximately 29% of the total Europe capacity additions by 2026.
Sercel Completes Acquisition of ION’s Software Business
CGG has announced that Sercel, its Sensing & Monitoring division, has completed the acquisition of ION Geophysical Corporation’s (“ION”) software business.
Welltec Initiates Large-Scale Testing of Materials for Subsurface CO₂ Storage
Welltec, a global hi-tech solutions provider for the energy industry, has begun extensive testing to identify optimal materials for Project Greensand, an initiative that will store CO₂ in the subsurface of the North Sea.