PESA Gazette February 2025 Edition

pesa gazette
February 2025 Edition

“Drill Baby Drill”: Implications of Donald Trump’s 2nd Presidency for the US in the South China Sea

The Trump campaign war cry “we will drill, baby, drill” could lead to a resurgence of oil and gas (O&G) exploration and production in the South China Sea when (and not if) President Donald Trump removes obstacles to O&G production currently in place in the United States. It may also add to the existing commercial bulwark the United States and its allies in the region already possess to deter China’s attempts to seek hegemony over the South China Sea.

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LETTER FROM THE PRESIDENT

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Tech Talk

Geoscience data management can help reduce subsurface uncertainty

In this article, Neil Constantine presents a simple approach to geoscience data management that helps reduce subsurface uncertainty with easier access to quality data and legacy models, whilst simultaneously lowering storage costs and associated CO2 emissions.

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Society News

Congratulations Andrew

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Looking Forward to PESA deal day 2025

The PESA 2025 Deal Day will bring high quality exploration, appraisal and development opportunities from Australia and beyond to the attention of the international oil and gas industry. The Deal Day is to be held in conjunction with the 2025 AEP Conference (formerly APPEA) thereby ensuring a wide exposure to industry leaders. 

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Chris Watts – New Insights into Energy Geoscience from Postgraduate Research

Read about the award of the Horstman Post graduate scholarship award and a summary of the winner's research.

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PESA Strategy – towards 2030

Read PESA's updated 5 year strategy plan agreed on following a board strategy day in which the results of the 2024 member survey were discussed.

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2025 PESA Webinar Series Kicks Off

Running into its sixth year, the PESA Webinar Series has returned for 2025.  Generally run every second Tuesday of the month from February to about November, the series offers members from all states and territories the opportunity to hear updates, challenges, stories and field examples from Australia and across the world.

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Upcoming Webinar in collaboration with the CCUS Network Australia – 19th Feb

Navigating the Tax Landscape for CCS Projects - by Julian Cheng, Partner at Gilbert + Tobin

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PESA members get discount on registration to the Australian Energy Producers conference

Members can click through the link to access discount codes for registration for the event.

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Industry News

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NZ looking to encourage exploration

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Barossa on-track

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Dorado Deferred

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Graforce gas flaring

Moving in the Wrong Direction: Flaring Emissions on the Rise, ‘Reversing a Positive Trend’

Rystad Energy research says Upstream activities emit about 1 gigatonne per year of carbon dioxide, with flaring contributing around 30% of those emissions.

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Beach Announces CCS start-up at Moomba

Beach Energy has commissioned its CCS project at Moomba.

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Oll and Gas Industry Embraces Robots for Increased Efficiencies

Global Data has found that the oil and gas industry is a major proponent of robotics

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Karratha Gas Plant

Lagging Renewables in North Asia may mean more LNG

Japan, Korean, and Taiwan were the second, third and fifth largest LNG importers in the world in world in 2024.

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NFE’s FLNG1 Delivers First Cargo to Europe

NFE has delivered its first FLNG gas cargo to Europe

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Victoria’s gas appliance bans rob consumers of choice and competition

AEP says Victoria's proposal to phase out gas appliances as illogical and anti choice and competition

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New Zealand Sanctions Gas Import Terminal and Commits to Rescinding Exploration Ban ASAP

New Zealand's ban on new oil and gas exploration has come back to bite with businesses closing and gas prices hitting record peaks

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Oil in Permian Basin

Strong oil and gas demand to support production growth of Permian Basin, says GlobalData

The Permian Basin in Texas and New Mexico, USA, has been flagged as the gift that keeps on giving

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Recent Webinars

The following webinar recordings are now available to view through the PESA technical library:

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Social Licence and Regulation

Linda Stalker (CSIRO)

February 2024

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Reservoir Engineering and Simulation for CCS

Jonathan Ennis-King (CSIRO)

October 2023

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