THE Gas Exporting Countries Forum has launched the fourth edition of its Annual Gas Market Report and says energy security took precedence over climate change mitigation goals in 2022.
Industry
Germany Unveils Plan to Diversify LNG Imports and Secure Independence from Russian Gas
The German gas transmission system operators (TSOs) has presented a draft Gas Network Development Plan 2022-2032, which reflects the fundamental shift in Germany’s energy supply. The proposal is designed to facilitate the changes needed for the network to accommodate the new LNG supplies into Germany and Europe and allow greater use of western import routes while also reflecting reduced gas demand as well as efforts to switch to hydrogen with a view to making Germany fully independent of...
Eight new LNG carriers Will Feature Wärtsilä Reliquefaction Systems
Technology group Wärtsilä says it continues to strengthen its established position as a major supplier to the LNG carrier vessel sector. Following an earlier newbuild programme in June 2022 for four new vessels, the company has now been awarded the contract to supply reliquefaction systems for a further eight ships.
These eight vessels will be owned by various leading global shipping companies. The orders by Hudong Zhonghua Shipyard were booked into Wärtsilä’s order intake in Q1...
APPEA: Australia Risks Its Reputation for Reliability on ADGSM
Australia has established itself as a trusted energy and economic partner in the region and a reliable, stable investment destination. The role of gas is widely acknowledged by governments in our region as being critical to ensuring energy security and in the region’s transition to a net zero emissions future with Australian liquefied natural gas (LNG) representing a key pillar of regional energy supply. The importers of Australian natural gas are key investors in the gas sector and in...
PGS Uses Deep Learning For Effective Noise Removal
A new method for seismic noise removal based on deep learning consistently produces superior results to traditional noise attenuation processes. The fully automated noise attenuation method has been developed that eliminates the need for time-consuming and subjective user parameter testing.
Both instrumental and environmental noise needs to be removed from motion sensor records in multisensor streamer acquisition. The new method is outlined in a PGS First Break paper in February and...
Australian Hydrogen Council welcomes review of National Hydrogen Strategy
The Australian Hydrogen Council has welcomed the agreement by the Commonwealth to lead jurisdictions in a Review of the National Hydrogen Strategy. The new strategy will respond to the local and global changes since 2019 and guide Australia on its path to be a global hydrogen leader.
Oil & Gas Industry Contract Value Up 27% Says GlobalData
The COVID-19 pandemic had a significant impact on the oil and gas industry. However, the industry has been recovering since then, with oil prices gradually increasing and demand for energy returning to pre-pandemic levels.
CSIRO Research Assesses Mitigation and Offset Options for Onshore Gas in the NT
A report published by Australia’s national science agency, CSIRO, provides an assessment of options to mitigate and offset greenhouse gas (GHG) emissions associated with potential production and Australian consumption of gas extracted from the Northern Territory’s Beetaloo Sub-basin.
The research addresses a recommendation of the 2018 Scientific Inquiry into Hydraulic Fracturing in the Northern Territory, chaired by the Honorable Justice Pepper. Recommendation 9.8 was seeking to...
Beach Reaches Agreement with Webuild to Complete Delivery of Waitsia 2
Following Webuild’s due diligence and review of cost and work schedules, Beach has revised its total capital expenditure estimate to $400 – 450 million net to Beach ($350 – 400 million originally) with the Waitsia Joint Venture and Webuild targeting first gas from the Waitsia Gas Plant by the end of 2023.
Global Energy Expert Joins APPEA to Boost Cleaner Energy Focus
A respected international energy and technology expert has been appointed as the Australian oil and gas industry’s new Director of Net Zero Technologies, reaffirming the sector’s focus and increasing program of work on emissions reduction and ways to use gas in a cleaner energy future.