News

  • NEWS

    Permian oil output forecast to rise in Q2

    Fracking in North America has almost recovered to pre-pandemic levels, with the count of started frac jobs reaching a 12-month high in March 2021, a Rystad Energy report has outlined. The number of completed we... more

  • NEWS

    An enhanced framework for decommissioning oil and gas infrastructure

    The Australian Government has approved a suite of measures aimed at enhancing and strengthening Australia’s offshore oil and gas decommissioning framework. In 2018, Wood Mackenzie outlined that there were ... more

  • NEWS

    Calls to protect the Beetaloo’s underground aquifers from fracking

    The Protect Country Alliance (PCA) is calling on the Northern Territory Government to take immediate action to better protect the Beetaloo’s underground aquifers from the fracking industry. 50 days have no... more

  • NEWS

    Energy and climate leaders pledge clean energy action

    Top international energy and climate leaders from more than 40 countries took part in the IEA-COP26 Net Zero Summit on Wednesday to identify how to work together to reduce global greenhouse gas emissions and me... more

  • Permian oil output forecast to rise in Q2
  • An enhanced framework for decommissioning oil and gas infrastructure
  • Calls to protect the Beetaloo’s underground aquifers from fracking
  • Energy and climate leaders pledge clean energy action

Drilling activity set for two consecutive years of growth

After a challenging 2020, oil and gas demand recovery – supported by vaccination efforts and OPEC+ supply cuts – is proving good for drilling activity. Rystad Energy expects approximately 54,000 wells to be drilled worldwide in 2021, a 12 per cent increase from 2020 levels. In 2022, drilling is set to increase further by another 19 per cent year-on-year (YoY) to about 64,500 wells, though activity will still fall short of the 73,000 wells drilled in 2019. Onshore drilling activity is expected to increase by 12 per cent from the 46,000 wells drilled in 2020 to about 51,700 wells in…

APGA: Gas infrastructure plan an important tool

The Federal Government’s Natural Gas Infrastructure Plan will be an important tool to assist in assessing options for addressing supply shortfalls, said Australian Pipelines and Gas Association (APGA) Chief Executive Officer, Steve Davies, on Tuesday. Now under development, the plan would assist governments, market bodies and industry in assessing options for addressing any supply shortfalls, Mr Davies told the Australian Domestic Gas Outlook conference. “Gas plays a critical role in Australian energy supply – providing 22.3 per cent of end-use energy and 20 per cent of all electricity,” Mr Davies said. “And gas infrastructure delivers more for a lower cost…

LNG transit disrupted due to Suez Canal blockage

While travelling from Tanjung Pelepas, Malaysia to Rotterdam, Netherlands, on 25 March 2021, the Ever Given container ship ran aground in the Suez Canal, blocking it. If the disruption is long winded, it may have impacts on the liquified natural gas (LNG) industry. The Suez Canal is an artificial sea-level waterway running north to south across the Isthmus of Suez in Egypt to connect the Mediterranean Sea and the Red Sea. The canal separates the African continent from Asia, and it provides the shortest maritime route between Europe and the lands lying around the Indian and western Pacific oceans. It…

Gender pay gap may close in over a quarter of a century

A new report outlines that although progress has been made in recent years to reduce the gender pay gap in Australia, it will still take more than a quarter of a century to close it. Research released today by the Bankwest Curtin Economics Centre and the Workplace Gender Equality Agency (WGEA) found that while the total remuneration gender pay gap fell from 24.7 per cent to 20.1 per cent in the last seven years, it is likely to take another 26 years for the full-time total remuneration gender pay gap to close completely. The report, Gender Equity Insights 2021: Making it…

Gas industry can be key to COVID-19 economic recovery

Natural gas and the jobs it can create has the potential to be an economic and environmental strength for Australia, but only with the right regulatory environment and if the misinformation stops, APPEA Chief Executive Andrew McConville warned today. During his keynote address at the Australian Domestic Gas Outlook conference, Mr McConville said there is an enormous opportunity to create thousands of jobs and help Australia reach zero net emissions by 2050. “Sadly, vested interests have spread misinformation on gas and it is time to set the record straight because the fact is demand in South East Asia for gas…

Climate Action 100+ reviews actions of world’s largest emitters

Climate Action 100+, the world’s largest investor engagement initiative on climate change, has released its first-ever benchmark evaluating the corporate ambition and action of the world’s largest greenhouse gas (GHG) emitters and other companies with significant opportunity to drive the net-zero transition. The Climate Action 100+ Net-Zero Company Benchmark offers the first detailed, comparative assessments of individual focus company performance against the initiative’s three high-level commitment goals: reducing GHG emissions, improving governance, and strengthening climate-related financial disclosures. The benchmark defines key indicators of success for business alignment with a net-zero emissions future and the goal of the Paris Agreement to…

Electric vehicle growth to lead to higher gas demand

Air pollution and global warming have led to more stringent regulations on CO2 emissions from passenger and light commercial vehicles (LCVs). In this context, electric vehicles (EVs) have become an alternative to internal combustion engine (ICE) vehicles, since EVs produce lower emissions over their life span. Automotive industries continue to unveil new EV models, while policymakers are deploying more support to build adaptation for them. Utilities are also considering the impacts of EVs charging on electricity demand, electric utility load, and energy pricing and subsidies. According to the GECF Global Gas Model (GGM), the market share of EVs will boom…