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Industry

Victoria State Parliament

APPEA: ‘Victorian Home Gas Ban Ignores Importance of Gas in Net Zero Energy Mix’

31/07/2023 Posted by Dale

The Victorian Government’s gas ban for new homes ignores the fundamentals of the energy system transformation to net zero including the importance of gas as a partner to renewables in reliable electricity generation.

The Australian Petroleum Production & Exploration Association (APPEA) today said the Government’s policy shifts the burden on to consumers, pushing households on to an already strained coal-based electricity grid and ignoring the urgent need for new local gas supply to reduce emissions and put downward pressure on prices.

APPEA Chief Executive Samantha McCulloch said: “With more than 60% of Victoria’s electricity coming from coal, the focus should be on reducing emissions from the power sector, through renewable energy and firming gas power deployment, before adding to power demand.

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Shale Oil Market Likely to be Valued at US$ 6.68 Billion by 2032

24/07/2023 Posted by Dale

The shale oil market is likely to be valued at US$ 6.68 Bn by 2032, according to a new report on the Shale Oil Market released by Future Market Insights.

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China coal seam gas operation Xinhua

China’s Shanxi Province Achieves Record Unconventional Gas Production

24/07/2023 Posted by Dale

China’s state-owned news agency, Xinhua, says the production of gas in north China’s Shanxi Province increased 5.7% to 6.82 billion cubic metres in the first half of 2023, setting a new record for the major coal region.

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US LNG looks to be Headed to Asia, not Europe, as TTF prices fall, says Rystad Energy’s Gas and LNG Market Update

17/07/2023 Posted by Dale

LNG cargoes from the US are poised to shift to Asian ports as prices fall in Europe.

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EnergyQuest Releases its June 2023 Australian LNG Monthly Report

17/07/2023 Posted by Dale

In a concerning sign of the health of Australia’s electricity market, the supply/demand balance for gas depends significantly on reduced gas-fired power generation (GPG) demand and good weather.

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Trondheim CCS Conference

Record Numbers Gathered in Norway for the twelfth Trondheim CCS Conference (TCCS-12)

26/06/2023 Posted by Dale

Recently, carbon capture, transport, utilisation and storage (CCS) experts from around the world gathered in Trondheim for the twelfth Trondheim CCS Conference (TCCS-12). Never before had there been such a large interest in the conference, with a record number of participants, nationalities, and abstract submissions.

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Shutterstock USA heatwave

North America natural gas demand surges on summer heat wave, triggering short-term price jump after muted shoulder season

26/06/2023 Posted by Dale

Rystad Energy’s North America gas and LNG market update from analyst Ade Allen says after a muted shoulder season for North American gas markets, summer has arrived with a bang and demand is set to surge.

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Onshore US drilling

TTF prices top $14 per MMBtu on Norway maintenance delay – Rystad Energy’s Gas and LNG Market Update reveals

20/06/2023 Posted by Dale

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China to lead LNG regasification pipeline capacity additions in Asia by 2027, says GlobalData

16/06/2023 Posted by Dale

China is set to dominate the liquefied natural gas (LNG) regasification capacity additions in Asia, contributing around 34% of the region’s capacity additions by 2027, according to data and analytics company, GlobalData.

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Federal Parliament Committee recognises importance of carbon capture

16/06/2023 Posted by Dale

A Federal Parliamentary Committee has recognised the importance of carbon capture technology to Australia and regional climate mitigation efforts.

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PESA MAGAZINE – LATEST EDITION

PESA News Issue 173

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POPULAR POSTS

  • Shell Discovery Map WA Shell makes ‘significant’ gas discovery offshore Australia
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  • SA announces successful applicants for acreage in Cooper and Otway Basins
  • CUE Permits NWS Ironbark exploration well delivers a disappointing duster

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PESA Energy Geoscience is a non-profit association of individuals involved in the exploration of oil and gas.

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