Industry
The United States leads the world in crude oil production and continues to set new records.
The US produced an average 12.2 million barrels of crude oil per day in April. That marked the first time monthly oil production surpassed 12 million barrels per day, according to the U.S. Energy Information Administration.
“We are in the midst of a transformational energy era with America leading the world in oil and gas production,” Secretary of Energy Rick Perry said in a July 16...
2019 PESA HORSTMAN FEDERAL POSTGRADUATE SCHOLARSHIP
PESA is offering a new postgraduate scholarship to eligible students currently conducting research in a petroleum geoscience related project within Australia. The award, known as the Horstman Federal Postgraduate Scholarship, consists of an annual prize of $5000 to the successful recipient as part of PESA’s program to promote and encourage petroleum geoscience research and education in Australia.
This award is open to postgraduate research students enrolled in a PhD or Masters...
Meet our Bright Sparks
Bright Sparks are people that light up our industry in ways you won’t expect. Read the unique stories of the extraordinary individuals powering our homes, towns and cities, every day. Find it here: www.bright-r.com.au/ brightsparks
Included in the initial group of Bright Sparks are the following 14 individuals, including several PESA members:
- Ishtar Barranco Mendoza, Senior Geologist Barrow Island & North West Shelf, CHEVRON (WA)
- Yazan Arouri, PhD Candidate – Petroleum...
ConocoPhillips files environmental plan for Barossa field development
ConocoPhillips and its joint partners SK E&S Australia and Santos have submitted an environment plan to NOPSEMA to develop the Barossa Gas Field, located 300km northwest of Darwin.
The development includes bringing gas and condensate from subsea wells to a floating production storage and offloading (FPSO) facility via a network of subsea flowlines and risers.
Initial processing would occur on the FPSO to separate the gas, water, and condensate. The condensate would be transferred from...
Beach submits plan to drill exploration well in the Otway
Lattice Energy, which is wholly owned by Beach Energy, has submitted an environment plan to drill a single exploration well in the Otway Basin, located approximately 32km off Victoria’s south west coast.
The environment plan is under assessment with NOPSEMA and proposes that the Artisan-1 be drilled by the Ocean Onyx semi-submersible mobile offshore drilling rig. The Ocean Onyx is a conventionally moored, non-self-propelled, column-stabilised semi-submersible owned and operated by...
Australia launches largest offshore acreage release since 2000
Australia has released 64 areas for offshore oil and gas exploration in the 2019 Offshore Petroleum Acreage Release, representing the largest rollout of acreage in 19 years.
Bidding will be open until 5 March 2020 with over 120,000km² released for a single round of work program bidding.
Australia Minister for Resources Matt Canavan said the latest release was the first under a new streamlined system designed to deliver an annual investment cycle that “simplifies bidding, offers...
Oil and gas industry gives thumbs up to red tape reform
Australia’s oil and gas industry has welcomed the announcement that the Productivity Commission would undertake a comprehensive fact-based review of regulation in the resources sector to identify best practice reforms for Australia.
APPEA Chief Executive Andrew McConville congratulated the Australian Government and Resources Minister Matt Canavan for launching the 12-month review to highlight unnecessary green and red tape.
“This process is an important opportunity to develop and...
APPEA lauds CSIRO report confirming emissions benefits from CSG-LNG life cycle
A landmark report by the CSIRO’s Gas Industry Social and Environmental Research Alliance (GISERA) confirms the greenhouse gas emissions benefits from increased use of natural gas in domestic and export markets.
GISERA is a collaboration between CSIRO, Commonwealth and state governments and industry established to undertake publicly-reported independent research.
The report Whole of Life Greenhouse Gas Emissions Assessment of a Coal Seam Gas to Liquefied Natural Gas Project analysed...
APPEA Connect Series: 2019 Offshore Petroleum Acreage Release
APPEA, in collaboration with the Department of Industry, Innovation and Science will host an APPEA Connect Series Event to mark the launch of the 2019 Offshore Petroleum Exploration Acreage Release.
In an APPEA first, the session will be live-streamed around the world for participants who cannot attend in person.
This is the first release of areas under the new streamlined acreage release model. The Department will officially announce the 2019 areas, and provide a snapshot of...
Australian LNG exports soared 21% in 2018-19
EnergyQuest estimates that Australia exported a total of 75.1 million tonnes (Mt) of LNG in the 2018-19 fiscal year comprising 1,111 cargoes, which was 21.2% higher than the 61.7 Mt exported in the corresponding period a year earlier
Total LNG export revenue in FY 2019 is estimated to be $50.5 billion. LNG is now Australia’s third largest export by value after iron ore and coal.
Australia was the world’s second largest LNG exporter in FY 2019, just behind Qatar’s nameplate...