The biggest announcement of the fourth quarter was the go-ahead for Woodside’s Scarborough LNG project. However, Scarborough and Barossa are the only two new LNG projects Australia has going while the North West Shelf is already starting to decline.
Industry
A ‘Big Step Forward’ for CCS
The voice of Australia’s oil and gas industry said the announcement by Minister for Resources and Water, Keith Pitt, of five new areas in Commonwealth waters marked out for exploring greenhouse gas storage opportunities was another significant step forward to reducing emissions through carbon capture and storage (CCS).
NGIP rolls out framework for 20-year gas supply
The Australian Federal Government’s National Gas Infrastructure Plan (NGIP) and Future Gas Infrastructure Investment Framework has paved a path for secure gas supplies for the next 20 years.
‘Rising transport costs fuelling cost of living pressures’
Australia’s peak motoring body has released its latest Transport Affordability Index showing weekly costs have for the first time risen above $400 for the average Australian metropolitan household.
Higher investment needed for Eagle Ford to spur production
Crude oil and natural gas production in the Eagle Ford shale play, situated in southeast Texas, dropped by almost 35% and 20%, respectively, in May 2020 due to the COVID-19 pandemic, according to GlobalData.
Australian LNG exports hit record highs, but alarm bells are ringing over reserves
The latest Australian LNG Monthly report has flagged insufficient gas reserves as the biggest challenge confronting future exports of the hydrocarbon.
GECF asserts that “Energy for All” is achievable with natural gas
The Gas Exporting Countries Forum (GECF) has urged the international community who gathered in Glasgow, UK, for UNFCCC COP26 to look for energy options that achieve the right balance between the post-COVID-19 economic and social requirements and climate actions, particularly for the most vulnerable regions of the world.
Resources industry unites to stamp out sexual harassment
Senior workforce managers from across Australia’s mining, oil and gas, and allied service sectors are uniting this month to further the industry’s efforts to stamp out sexual harassment in its workplaces.
CSIRO Launches new $7m Drill Core Research Facility
Australia’s national science agency, CSIRO, has unveiled its latest state-of-the-art research facility, the Geoscience Drill Core Research Laboratory, at the Advanced Resources Research Centre in Perth.
Powder River’s ramp up in drilling could signal the end of a downward trend
Rig count in the Powder River basin, situated in Wyoming and Montana in the USA, has increased almost four-fold in the period from early April to mid-August during 2021.