Australia’s oil and gas industry has congratulated Premier Mark McGowan and WA Labor on its reelection in Western Australia on Saturday.
Australian Petroleum Production & Exploration Association (APPEA) WA State Director Claire Wilkinson said the industry has worked collaboratively with the McGowan Government since 2017 and intends to continue that positive relationship.
“The Premier’s LNG Jobs Taskforce and the Jobs and Skills website are clear examples of what can be...
Infrastructure engineering software company Bentley Systems has entered into an agreement with investors, led by Accel-KKR, to acquire software for geological and modelling company Seequent for US$900 million in cash, plus 3,141,361 BSY Class B shares.
The acquisition is subject to customary closing conditions and regulatory approvals, including New Zealand Overseas Investment Act consent as well as clearance under the Hart-Scott-Rodino Antitrust Improvements Act.
Upon closing,...
APPEA has welcomed the launch of the Resources Technology & Critical Minerals Processing National Manufacturing roadmap as a key priority under the Federal Government’s $1.5 billion Modern Manufacturing Strategy.
APPEA’s Chief Executive, Andrew McConville, a member of the industry-led taskforce that guided the development of the Resources Technology & Critical Minerals Processing roadmap, commended the Government’s consultation with industry and action to build Australia’s...
Led by PPG Industries’ $1.52bn acquisition of Tikkurila, Europe’s oil & gas industry saw a rise of 23.73% in cross border deal activity during Q4 2020, when compared to the last four-quarter average, according to GlobalData’s deals database.
A total of 73 cross border deals worth $7.58bn were announced for the region during Q4 2020, against the last four-quarter average of 59 deals.
Of all the deal types, M&A saw most activity in Q4 2020 with 69, representing an 94.5% share for...
Natural gas has a very important role to play in the energy transition and in meeting the world’s climate goals, the Secretary General of the International Energy Forum, HE Joseph McMonigle, said.
Speaking at the inaugural GECF Gas Lecture of 2021, entitled ‘The Role of Gas in Clean, Reliable, and Sustainable Growth’, HE McMonigle said that the success of the energy transition rests “on the use of natural gas technologies and their capacity to accelerate fuel-switching and create...
Will Beacham, of ICIS Chemical Business, says the US polar storm shut down 90% of US polypropylene (PP) capacity, 67% of ethylene and devastated other important products, sending ripples around global chemical markets and prices soaring.
More chemical plants and refineries across the Gulf Coast region have been hit by prolonged power and feedstock outages caused by freezing weather, snow and ice which have also halted logistics networks. More bad weather, forecast for later in the week,...
APPEA has congratulated Madeleine King and Chris Bowen on their recent appointments as part of the Federal Opposition’s ministerial reshuffle.
APPEA Chief Executive Andrew McConville said the industry looked forward to continuing to work collaboratively with the shadow ministers and the Opposition to ensure the safe and sustainable development of Australia’s oil and gas resources.
The appointment of Ms King to the important resources portfolio, in addition to her existing role as...
Dr Hussein Moghaddam, Senior Energy Forecast Analyst Energy Economics and Forecasting Department, says demand for Green LNG is growing and has the potential to preserve natural gas as a crucial part of the energy mix.
According to the latest, 2020 edition of the GECF Global Gas Outlook 2050, the demand for natural gas is expected to rise by 50% from 3,950 billion cubic metres (bcm) in 2019 to 5,920 bcm in 2050, as gas remains the cleanest-burning hydrocarbon.
In spite of that,...
The Australian Government should embrace measures for long-term business investment that will ensure sustained job creation and economic growth for Australia, according to APPEA’s 2021-22 pre-Budget submission.
Acknowledging the Government’s actions taken during 2020 and as part of the previous Federal Budget, APPEA has made a number of recommendations to the Government that build on the success of these reforms.
APPEA’s five key recommendations will help to create certainty for...
The release of the Graeme Samuel review of the Environment Protection and Biodiversity Conservation Act 1999 (EPBC) assessing Australia’s environmental regulatory framework has been welcomed by the oil and gas industry.
The review makes several recommendations to the Australian Government around the reform and modernisation of Australia’s environmental legislative framework.
The focus on improving environmental, heritage and biodiversity conservation outcomes, while delivering...