The global oil and gas contract activity saw a 35% quarter-on-quarter decrease in total disclosed value from $55.3 billion in Q2 2024 to $35.7 billion in Q3 2024. Despite this, steady contract volumes, particularly in the Middle East, were driven by substantial projects such as Saipem’s $4 billion contract with QatarEnergy and multi-billion-dollar agreements from Saudi Aramco, providing some stability, reveals GlobalData, a leading data and analytics company.
GlobalData’s latest...
The extent of the Environmental Defenders Office’s (EDO) inappropriate conduct has been laid bare in Federal Court documents, reinforcing the need for an immediate halt to taxpayer funds to the activist lawfare group.
This was the assertion of Australian Energy Producers Chief Executive Samantha McCulloch,who said the documents revealed in The Australian show the depths of what Justice Natalie Charlesworth described in her judgment as the EDO’s “distorted...
First gas is set to flow from Senex Energy’s $1 billion Atlas natural gas field expansion following the official opening on Sunday 24 November 2024 of the Surat Basin processing facility in Queensland.
Senex Energy shareholders, represented by POSCO International Corporation CEO Kyein Lee and Hancock Prospecting Executive Chairman Mrs Gina Rinehart AO were there to mark the significant milestone alongside representatives from all levels of Government and the Wandoan community.
The...
Shearwater Geoservices has received a LOA from ONGC for a large 3D seismic survey off the east coast of India.
The high-capacityOceanic Sirius will carry out the survey, covering an area of approximately 2,200 square kilometers, which is expected to take approximately 4 months, commencing early 2025.
Irene Waage Basili, CEO of Shearwater, said: “Our expertise in 3D seismic acquisition, combined with our track-record of 8 consecutive seasons of India...
Triggered by incoming US President Donald Trump, the next four years could prime the liquefied natural gas (LNG) markets for a golden era. Based on his campaign pledge, the returning president’s expected policies are likely to accelerate US LNG infrastructure expansion through deregulation and faster permitting, bolstering global supply.
This could strengthen the sentiment around global LNG supply after years of uncertainty, helping to unleash long-term demand. Even so, an untimely...
Without creating new demand, new discoveries can help curb emissions, drive value for the industry
Investment in oil and gas exploration has plummeted two-thirds in the last decade, but the industry still has a critical role to play in decarbonisation efforts and providing advantaged barrels in the energy transition, according to the latest Horizons report from Wood Mackenzie.
According to the report, “No country for old fields: Why high-impact oil and gas exploration is still...
Under increasing pressure to decarbonize and shift away from traditional fossil fuels, the world’s leading oil and gas companies are ramping up investments in the biofuels sector. Major players such as BP, Chevron, Shell, TotalEnergies, ExxonMobil and Eni are incorporating biofuels into their broader energy transition strategies, recognizing the growing global demand for sustainable fuel sources.
According to Rystad Energy’s research, these six oil majors have announced a total...
Western Australia has reaffirmed its commitment to net zero with a plan for carbon capture, utilisation and storage (CCUS) announced late November.
“The WA Government’s CCUS Action Plan and funding support is evidence of how states can seize the economic opportunities of net zero while reducing emissions,” Australian Energy Producers WA Director Caroline Cherry said.
“The Action Plan is an important step to attracting investment in CCUS, creating new jobs, and building a major...
On a glorious spring weekend members and friends of the SA/NT Branch were able to participate in a self-drive field trip led by Rhodri Johns and Elinor Alexander. This was a joint field trip with PESA SA/NT, GSA and the Field Geology Club of Adelaide. It was an opportunity to investigate the Cambrian evolution of South Australia through spectacular seismic scale coastal exposures along the west coast of the Fleurieu peninsula.
Although a two-day field trip participants had the...
The global transition to clean energy is gaining momentum, heavily relying on renewable technologies such as solar PV cells and wind turbines, alongside energy transition solutions like hydrogen, energy storage, and carbon capture. This shift has triggered an unprecedented surge in demand for critical minerals, posing significant challenges in achieving international energy transition goals, says GlobalData, a leading data and analytics company.
GlobalData’s latest Strategic...