Australia’s oil and gas industry has welcomed the announcement by Prime Minister Scott Morrison to deliver new deregulation measures for Australian businesses.
Mr Morrison announced the development of a digital environmental approvals process and database aimed at reducing the current approvals process by between six and 18 months.
APPEA Chief Executive Andrew McConville said the industry welcomed the announcement, saying the measures will reduce red tape and unnecessary regulation,...
The United States has initiated formal withdrawal from the Paris Agreement on climate change, U.S. Secretary of State Michael R. Pompeo announced on November 4, vowing that the country would continue to reduce emissions without compromising economic growth.
This was followed by a US Department of State statement defending the Trump Administration’s position and the The United States as a “world leader in reducing emissions”.
The US Department of State said: “Between 2005 and...
A new $8 million pipeline — providing surety of long-term natural gas supply to more than 80,000 North Brisbane customers — was commissioned recently.
The 1.84km gas pipeline includes approximately 930 metres running under the Brisbane River to duplicate the river crossing from Murarrie to Pinkenba.
The “delicate and complex project” has been completed by Australian Gas Networks (AGN), part of the Australian Gas Infrastructure Group (AGIG).
AGIG’s Chief Customer Officer,...
DownUnder GeoSolutions (DUG) has announced the appointment of world-respected geoscientist, Dave Monk, in the role of Distinguished Advisor. Monk had recently retired after nearly 20 years in senior roles at Apache Corporation.
DUG said that in Monk’s advisory capacity at the company, he would work alongside DUG’s executive team “as they navigate one of the most successful periods of growth for the company”. DUG has recently launched DUG McCloud: a global cloud, purpose built for...
Global demand for natural gas will increase over the next 20 years, providing a major economic opportunity for Australia, according to the International Energy Agency (IEA).
APPEA Chief Executive Andrew McConville said the IEA’s World Energy Outlook highlighted the reality that the growing natural gas industry was essential for a cleaner energy future.
“Demand for natural gas is expected to increase 36 per cent by 2040, with gas providing a quarter of global energy demand, the...
Andrew Pitchford, GM Subsurface and Phil Woods, Senior Geophysicist from Western Gas presented their latest findings of the Sasanof Prospect in block WA-519-P, to a sell out crowd at The George in the CBD. The Mentorc Gas discovery by HESS Australia (now Western Gas) opened up the Barrow Delta Topset stratigraphic play to more exploration in the Northern Carnarvon Basin. Mentorc, up to 30% porosity and 12 Darcy permeability, is fill to spill and Sasanof may be where all the spilling gas is...
Following the recent news that Saudi Arabia’s national oil company Saudi Aramco will issue its prospectus to potential investors in its initial public offering (IPO); Colin Foreman, Deputy Editor at data and analytics company, GlobalData, provided his view:
“The public sale of shares in the world’s biggest oil exporter will be the first time since the 1970s that private and foreign investors will have been able to own a stake in the Gulf’s upstream oil and gas assets.
“The...
Australia’s Bass Oil Limited has announced that the Bunian 5 well commenced production testing from the TRM 3 sandstone, one of the two productive oil reservoirs in the well.
The well averaged 1128 barrels of oil per day with a two percent water cut. Production was recorded on a fully open choke with a flowing wellhead pressure of 140 psi in the first 12 hours, commencing on 2 November 2019. The well has been choked back for the next phase of the testing program. All oil produced from...
Australian Gas Infrastructure Group (AGIG) – a leading national provider and operator of key energy infrastructure – has been awarded a significant new Western Australian project by Woodside for the pipeline component of its Pluto-North West Shelf (NWS) Interconnector.
A new 30-inch diameter pipeline will run 3.2 kilometres, connecting the Woodside-operated Pluto LNG Plant to the NWS Project’s Karratha Gas Plant (KGP), and is the first component of the infrastructure needed to...
The discovery of a massive oil field in Iran will deliver little in the way of tangible spin-offs for the second largest country in the Middle East, according to international analysis of the discovery.
The discovery made world headlines recently, but according to data and analytics company, GlobalData, the country is facing challenges reaping the full-benefits of the yield.
Will Scargill, Managing Analyst, Oil and Gas at GlobalData, commented: “Limits on investment and exports due...