This category contains 64 posts

Quantum computing’s potential in the oil and gas industry

By John Pascoe, Client Account Lead, Finance and Enterprise Performance Consulting – Oil and Gas, Mining and Utilities, Accenture; and Mark Laybourn, Senior Manager for Accenture’s Finance and Enterprise Performance division in Australia. Quantum computing is an emerging technology, the possibilities of which are now beginning to enter the commercial world. Until recently, the technology has […]

APPEA disappointed in Queensland’s Australia-only gas restrictions

The Australian Petroleum Production and Exploration Association (APPEA) has criticised the Queensland Government’s announcement that it will trial restrictions on gas marketing for newly released gas exploration acreage. The State Government released 58km²of land in the CSG-rich Surat Basin for gas exploration, under the condition that production must be used in Australia to combat gas […]

From climate pariah to climate saviour: what the petroleum industry can do about climate change

By Andrew Hopkins, Emeritus Professor, Australian National University Natural gas has a clear role to play as part of the transition to cleaner forms of energy. Here, Andrew Hopkins outlines several things that the petroleum industry can do to help combat global warming – while protecting its own economic interests. Environmentalists argue that the petroleum […]

Shell chairman warns against complacency

Chairman of Shell Australia Andrew Smith fears the industry is becoming complacent in regards to growth and believes the sector’s biggest challenge is finding new ways to prosper in a carbon constrained future. Mr Smith presented his views on the sector during a speech at APPEA 2016 conference. Mr Smith said that as the oil […]

Shale gas: a key to the mystery of the Min Min light

By Rod Gould, Hedges Gas and David Warner, DSWPET Pty Ltd Geological evidence from petroleum exploration in the Burke River Structural Belt east of Boulia in Western Queensland provides a rational explanation for the legend of the Min Min light. Rod Gould and David Warner shed light on the role shale gas may have to […]

Onshore investment needed in NT

The recently announced Northern Territory budget has highlighted the need for new investment in onshore gas in the state. The Australian Petroleum Production and Exploration Association (APPEA) SA/NT Director Matthew Doman said the Territory had enjoyed the strongest growth of any Australian economy in recent years due largely to construction activity associated with INPEX’s giant […]

Shorten to support science-based policy

Federal Opposition Leader Bill Shorten has said that science will underpin environmental decisions regarding Australian gas under a future Federal Labor Government. Mr Shorten made the comment on ABC Radio in Darwin when questioned about NT Labor’s support for a moratorium on fraccing. The Australian Petroleum Production and Exploration Association (APPEA) SA/NT Director Matthew Doman […]

Proposal to extend ‘water trigger’ to shale gas

The Australian Petroleum Production and Exploration Association (APPEA) has hit back at Labour’s proposal to extend the water trigger to shale and tight gas projects, calling it “unnecessary and unjustified”. The water trigger relates to Australia’s national environment law, and means that coal seam gas developments require federal assessments to be undertaken and approved if […]

Explorer goes into liquidation

An explorer has announced it has gone into liquidation, following the release of its administrators report which recommended this as the best course of action for creditors. Linc Energy was placed into liquidation on 23 May 2016, following the company entering into voluntary administration in April 2016 and appointing PPB Advisory to explore the company’s options. Administrators Stephen Longley, Grant Sparks and […]

Role of gas in electricity generation

The Australian Pipelines and Gas Association has called on Environment Minister Greg Hunt and Shadow Environment Minister Mark Butler to support switching to natural gas to reduce carbon emissions in Australia. APGA Chief Executive Cheryl Cartwright said, “Natural gas should have a growing role in electricity generation. “It’s highly responsive to fluctuations in both demand […]

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