APPEA says moves by some politicians to vote down regulations expanding the investment remit of ARENA (Australian Renewable Energy Agency) are short-sighted and will slow Australia’s march to reach net-zero emissions targets.
Industry
Mammoet-Haisla J.V. successfully reaches next milestone at LNG Canada
The Mammoet-Haisla Joint Venture has completed the pile handing scope for the LNG Canada project through JGC-Fluor Joint Venture in Kitimat, British Columbia.
Mammoet-Haisla said it had provided offloading services for incoming pipe piles throughout the pandemic, completing the scope in March.
Former AMMA President recognised with Queen’s Birthday Honour
Australian Resources and Energy Group AMMA has congratulated its former longstanding President Richard Owen for being awarded a Medal of the Order of Australia (OAM) for his services to business in the Queen’s Birthday Honours List.
European oil majors near pre-pandemic income levels despite weakened revenues
The European oil majors (Shell, BP, TotalEnergies, Eni and Repsol) benefitted dramatically from elevated oil and gas prices in the first quarter of 2021 as income returned to near pre-pandemic levels.
That’s according to data and analytics company GlobalData, who said the European oil majors saw large losses in 2020 as long-term oil and gas price forecasts were revised lower resulting in multi-billion-dollar asset impairments. However, far rosier dispositions have returned in 2021.
Australia’s low-carbon hydrogen trade could be worth up to US$90 billion in 2050
Low-carbon hydrogen could become a US$50 billion to US$90 billion export industry for Australia in 2050, says Wood Mackenzie.
“Science ignored for political gain”
APPEA says a Parliamentary committee led by the Greens has ignored good science in an effort to further ostracise the gas industry for political gain.
APPEA Chief Executive Andrew McConville said the recommendations made by the Environment and Communications references committee on the impact of seismic testing on fisheries and the marine environment fly in the face of science and reason.
Power mix transitions present diverging paths for GCC countries
Gas demand for power generation consumed above 13bcfd in 2020, representing almost 50% of the total demand in the Gulf Cooperation Council countries. It is expected that this demand will increase by 14% by 2029.
That’s according to data and analytics company GlobalData, who said the transition from oil to gas for less carbon-intensive power generation has begun in the GCC region. In Saudi Arabia and Kuwait, gas demand for power is set to increase by 15% and 19% respectively by 2030.
“The market is working” as another Gas Supply Agreement reached
The voice of Australia’s oil and gas industry said Gas Supply Agreements between Queensland-based gas producer Westside and Alinta Energy and CleanCo Queensland is further proof that the industry continues to deliver for the Australian economy.
Under the agreement with Alinta Energy, Westside and its joint venture partner, Mitsui E&P Australia Pty Ltd, will deliver a total of 3.65 PJ in calendar years 2022 and 2023.
CleanCo Queensland will purchase a total of 2.19PJ of gas over 2023 and 2024 to fuel Swanbank E, CleanCo’s highly efficient 385 MW gas-fired power station near Ipswich in south-east Queensland.
APPEA Chief Executive Andrew McConville said the agreement shows the market is working.
Natural gas/hydrogen blend “successfully” tested in steel forging
Snam, RINA and the GIVA Group have announced the “world’s first” test with a 30% natural gas/hydrogen blend in steel forging. The mix was used to power furnaces at the Rho plant of Forgiatura A. Vienna (GIVA Group).
The world’s first test of a 30% natural gas/hydrogen blend in the forging processes used in industrial steelmaking was held in Rho (province of Milan), at the Forgiatura A. Vienna plant.
The trial involved the use of the hydrogen/gas mix to heat the furnaces of the Forgiatura A.
CSIRO and partners launch $68M Hydrogen Industry Mission
A new Hydrogen Industry Mission launched by CSIRO will help support the world’s transition to clean energy, create new jobs and boost the economy, the national science agency has said.
Hydrogen, when mixed with oxygen, can be used as an emissions-free fuel source to generate electricity, power or heat. But it is expensive to turn into a fuel.
Nevertheless, CSIRO says the research mission will help drive down the cost of hydrogen production to under $2 per kilogram, making the fuel more affordable and helping to position Australia to lead the world in exporting hydrogen by 2030.