Two scientists in France who went looking for fossil fuels have stumbled upon a huge reservoir estimated to contain between 6 million and 250 metric tons of natural hydrogen.
Industry
Offshore Approval Chaos as Wait Times Blow out to 562 Days and Counting
Australia’s oil and gas industry has called for the Commonwealth to urgently fix the broken offshore regulatory system after the logjam of energy supply and carbon capture projects awaiting approval was exposed.
$500,000 Grant to Investigate Offshore Carbon Geosequestration for Kwinana Heavy Industries
Perth-based carbon geosequestration technology pioneer Sea-Quester Offshore has received an AUD$500,000 grant from the Western Australian Government to investigate emissions reduction options for Kwinana heavy industries.
New Round of WA Onshore Exploration Areas a ‘Win for New Gas Supply’
The release of new onshore areas to explore for new gas supply is a positive step to delivering energy security to Western Australia following forecasts of growing demand in coming years.
Preferred Partners Selected for Hydrogen Jobs Plan in Whyalla
The Government of South Australia has selected preferred partners to deliver its Hydrogen Jobs Plan, featuring the world’s biggest hydrogen production facility, power plant and storage at Whyalla in the Upper Spencer Gulf.
ExxonMobil is Now Being Called World’s First Megamajor
ExxonMobil has acquired Pioneer Natural Resources in an all-stock transaction valued at $59.5 billion, or $253 per share, as reflected by ExxonMobil’s closing price on 5 October 2023.
New Victorian Government has Opportunity to Recognise Net Zero Role of Gas, says AEP
New leadership for the Victorian Government gives the state an opportunity for a fresh start on energy policy to recognise the important role of natural gas and ease energy security and affordability risks.
China Oil Demand Heading for Inflection Point
Within three to five years, China will no longer be the bedrock of the oil industry as demand in the world’s second largest economy is set to peak and then go into decline.
Hydrogen Hub Gets Green Light for South Australia
Australian Prime Minister Anthony Albanese has announced a largely federal government funded initiative to develop a hydrogen hub in South Australia.
The Hydrogen and Renewable Energy Bill Has Entered Parliament
After widespread public and stakeholder consultation, South Australia said it was pleased to announce that the world-leading Hydrogen and Renewable Energy Act Bill has been introduced to the South Australian Parliament.