Australia could unlock up to $600 billion in revenue by creating a carbon capture and storage (CCS) industry and becoming a storage hub for the Asia-Pacific region, according to a leading global energy research firm, Wood Mackenzie.
In an article published in the 2024 Australian Energy Producers Journal, Wood Mackenzie emphasised that Australia’s CCS opportunity is rooted in facilitating other countries’ net zero ambitions.
According to the article, Australia has far higher...
What a fantastic week it has been.
Full of compelling, informative and thought-provoking presentations and conversations.
Congratulations to all our award recipient, too. There is some outstanding work being done across our industry, and it’s great to acknowledge and celebrate it.
As our 2024 conference comes to close, we have much to reflect on, and much to be proud of.
I have been encouraged to see this week, throughout the conference – in the plenary...
The Australian Natural Hydrogen Conference will take place at the Adelaide Hills Convention Centre from October 29-31 and organisers are calling for papers to enrich the narrative about this fast emerging and fascinating energy source.
Natural hydrogen is emerging as potentially one of the most abundant and cost-effective forms of hydrogen and has a key role in the world’s drive to carbon zero.
Australia has been one of the early movers and recent discoveries here have led to...
CGG has announced the launch of its AI Cloud solution designed to meet the needs of data-intensive industries - including life sciences, digital media, manufacturing and geoscience - that seek to optimize and accelerate their demanding and resource-heavy AI workloads.
CGG’s new AI Cloud solution combines the latest high-performance architecture, including cutting-edge NVIDIA H100 Tensor Core GPUs fully configured and optimized for AI fine-tuning and inference, with a pre-installed...
The Australian Government’s Future Gas Strategy recognises the critical role of natural gas for Australia’s energy security in a net zero economy to 2050 and beyond, and that continued investment in new gas supply is needed.
This was the joyous reaction of Australian Energy Producers Chief Executive Samantha McCulloch who said the Strategy, announced last week, should now provide clear direction on national energy policy that supports the central role of gas in the economy and...
Russian oil production has remained strong despite sanctions imposed by Western countries in the wake of Russia’s invasion of Ukraine. The country’s gas and liquefied natural gas (LNG) industries, on the other hand, have suffered due to limited pipeline infrastructure and reliance on Western companies. Rystad Energy expects Russian piped gas to China to increase due to new infrastructure, but the outlook for Russian LNG is less rosy.
The Kremlin has set an ambitious plan to...
Riyadh convened global leaders this week at the World Economic Forum Special Meeting on Global Collaboration, Growth and Energy for Development to host candid dialogues and outline bold steps to tackle the most pressing geopolitical, social and economic challenges facing humanity.
This comes after the United Arab Emirates hosted the COP28 Summit in Dubai in December.
Speaking at the Special Meeting, His Royal Highness Prince Abdulaziz bin Salman bin Abdulaziz Al Saud, Minister of...
CGG has announced the first major sale - by Sercel - of the Sensing & Monitoring business line of its next-generation 528™ cable-based land acquisition system to the Turkish Petroleum International Corporation (TPIC).
CGG said the client would deploy the system, representing a total of 8,000 channels, on a 3D seismic survey in Turkey, across challenging, semi-arid terrain.
Delivery of the system commenced at the end of March, with the survey expected to start in Q3 2024.
The sale...
Iran's launch of over 300 drones and missiles on Israel in the first ever direct attack on the Israeli soil from Iranian territory has increased geopoliticsl risk in the oil market, according to Rystad Energy's oil market update in reaction to the accelerating conflict.
Rystad Energy Senior Vice President Jorge Leon said that although the vast majority of drones and missiles were intercepted, no Israeli fatalities were reported and only minor damage at an Israeli military base was...
The Australian Competition and Consumer Commission (ACCC) has confirmed that Australia’s gas industry continues to deliver on its commitment to the domestic market.
However, in a new report the ACCC has again highlighted concerns that southern states are relying on gas from the north to keep the lights on.
Australian Energy Producers today said the ACCC Gas Inquiry March 2024 Interim Report reaffirmed the industry’s role in providing reliable and affordable energy to Australian...