APPEA says the recently released Resources and Energy Quarterly September 2020 confirms the ongoing critical role resources exports will play in supporting the recovery of the Australian economy as it emerges from the COVID-19 global pandemic.
According to the Department of Industry, Science, Energy and Resources, the value of Australia’s resources and energy exports set a record of $290 billion in 2019-20. Liquefied natural gas (LNG) exports have more than doubled over the last few...
The Australian Government has outlined key steps to help grow Australia’s oil and gas industry, APPEA has said in response to support to develop strategic gas basins in the eastern states.
“The announcement is a good first step to reinvigorate Australia’s oil and gas industry, which will be important to help power Australia’s economic recovery,” said APPEA Chief Executive Andrew McConville.
“Reliable and competitively priced energy is crucial to the health of our...
Australia’s oil and gas industry has paid tribute to Dr Anthony Lynham following his decision to retire from politics at the upcoming Queensland election.
APPEA Chief Executive Andrew McConville applauded Dr Lynham for his outstanding leadership, distinguished parliamentary career and commitment to growing the resources sector.
“The industry applauds Dr Lynham’s achievements in helping to grow the oil and gas sector to create jobs and investment and for always being...
A total of 18 planned and announced Floating Production Storage and Offloading (FPSO) projects are expected to be deployed offshore Brazil during the outlook period 2020–2025, the highest among the countries globally, according to GlobalData.
The company’s report: ‘Global FPSO Industry Outlook, 2020−2025 – Petrobras Drives Global Upcoming FPSO Deployments’ reveals that Brazil also leads the crude production capacity globally through upcoming FPSOs with more than 2,000...
Blue Energy has commended the announcement from Queensland Premier, Annastacia Palaszczuk, that the Queensland Government will invest $5 million in a concept study to investigate the feasibility and options for a new transmission pipeline south, to connect the Bowen Basin’s gas reserves to the east coast of Queensland.
The commitment was contained in the “Queensland’s Economic Recovery Plan”, released by the Premier.
Blue said it had regularly commented on the enormous gas...
EnergyQuest says cargo shipped from the Shell-operated QCLNG project at Gladstone in Queensland and transported aboard the Sevilla Knutsen represented a milestone, first LNG export from Australia to Chile.
The tanker docked at Quintero, Chile on 15 August after a 24-day voyage of more than 13,500 nautical miles. QCLNG cargoes generally go to China and Japan.
Quintero mostly imports LNG cargoes from the Atlantic Basin.
EnergyQuest said that in 2019, it imported...
In the most challenging market conditions facing the Western Australian economy for a generation, the WA Government’s decision to place restrictions on the development of a potential new energy resource runs counter to the Government’s COVID-19 recovery plans of stimulating the economy and creating jobs.
APPEA’s WA Director Claire Wilkinson said: “As we look to the post-COVID-19 recovery, all responsible development, including of WA’s onshore natural gas resources and the...
Geoscientist employment in Australia improved in the second quarter of 2020. Nationally, unemployment decreased to 8.6% from 10% in the March quarter, while underemployment also fell to 17.4% from 18.1% for the period.
AIG President, Andrew Waltho, described the improvement as most welcome. “The level of improvement observed in the survey results was small but defied the increase in unemployment observed in the Australian community as a whole, and the sharp downturn in economic...
The latest Australian Competition and Consumer Commission’s (ACCC) Gas Market Inquiry 2017-2025 report has confirmed for the eighth consecutive time that there is no shortfall in the domestic gas market.
The ACCC report again highlighted actions taken by the oil and gas industry to bring more natural gas into the local market will continue natural gas supply, ensuring domestic gas supply with a surplus of gas available to the domestic gas market.
APPEA Chief Executive Andrew...
Experts in quantum cold-atom sensors are delving deep underground in a new project aimed at harnessing quantum gravity sensing technology in harsh underground borehole environments.
The Gravity Delve project, funded by Innovate UK, brings together academics from the UK Quantum Technology Hub Sensors and Timing, which is led by the University of Birmingham and Nemein Ltd, with the aim of investigating the benefits and challenges associated with using quantum gravity sensors down...