Despite the accelerating energy transition, oil and gas will remain central to the global energy mix for the foreseeable future as the key hydrocarbon sources continue to satisfy global primary energy demand, which is projected to exceed 650 exajoules (EJ) in the coming years. Rystad Energy estimates that by 2030, more than 75% of total demand will be met by fossil fuels, with emissions climbing as a result. A significant portion of these emissions will originate from upstream activities, particularly hydrocarbon extraction and gas flaring.
Tech Talk
Defining the Geomechanical Operating Limits for Subsurface CO2 Storage
Simon HolfordA*, Mojtaba RajabiB, Scott MildrenC, Rosalind KingA and Adam BaileyD
AUniversity of Adelaide, Adelaide, South Australia, Australia
BUniversity of Queensland, Queensland, Australia
CTech Limit Pty Ltd, Stirling, South Australia, Australia
DGeoscience Australia, Canberra, Australian Capital Territory, Australia
*Correspondence to Simon Holford. Email: simon.holford@adelaide.edu.au
Abstract. Carbon capture and storage (CCS) is a critical component of proposed pathways to limit global warming, though considerable upscaling is required to meet emissions reductions targets.
Decarbonising the Pilbara-to-Asia Iron Ore Trade Route Study Demonstrates ‘Pathway to Net-Zero Emissions’
In November 2023 PCF, Oceania and RINA signed an MoU to collaborate on studies to define the commercial and emissions reduction benefits their combined concepts could deliver to ship owners and charterers for the Pilbara to Asia dry-bulk minerals export trade route. The Joint Study has now been completed.
The findings demonstrate an accessible and achievable pathway to Net-Zero Emissions for LNG, on a Well-to-Wake basis, for international shipping on this trade. The study presents a flexible and commercially attractive IMO compliant marine fuel strategy to ship owners, operators and charterers amidst competing alternative fuel.
Are critical minerals and hydrogen in the fast lane to production?
Max Williamson FCA, FFin, FCPA, FGov
Max has practiced as a Chartered Accountant and Tax Adviser to the Resources Industries for over 50 years. He has been Federal President and Federal Treasurer of PESA, as well as NSW Branch President and on the NSW Committee for over 30 years.
The 14 May 2024 Federal Budget among others introduced to the Australian community two new financial incentives encouraging Australian investors/producers to progress Critical Minerals ($7 billion) and Hydrogen ($6.7 billion) projects through production phases.
The current Labor Federal Government is being supported intellectually by the States on their incentive policy proposals, so we will see in due course exactly what can be generated into actual legislation at the Federal level.
APAC advances cross border CCS, fostering value chain growth
The Asia Pacific (APAC) region is rapidly emerging as a key player in the carbon capture and storage (CCS) sector. Asian countries are intensifying their decarbonization efforts, despite challenges for a number of countries in the region, such as unsuitable geological conditions for carbon capture, utilization and storage (CCUS).
This is according to Rystad Energy research, which has highlighted Australia, Malaysia and Indonesia as emerging hubs in the APAC region, driven by the carbon dioxide (CO2) storage potential in their depleted oil and gas reservoirs and stricter environmental regulations, despite recent improvements and updates in policy.
The...
Beetaloo or Bust
Beetaloo or Bust, the route to commercial success for an Australian shale play, was presented by Dr Anne Forbes of Wood Mackenzie at the AEP 24 Conference in Perth in May where the paper won Best oral presentation.
Dr Anne Forbes, Angus Rodger, John Gibb
The big question we wanted to ask, and hopefully answer, is: What does it take to make this play commercial?
Flow rates from exploration and appraisal well tests have historically been low, but that’s changing and increasingly looking more positive. As well location and stimulation designs are optimised, we’ve seen increasingly positive results.