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Could Asian Countries Follow Suit Australia has passed legislation that could set a precedent for who pays to clean up the fossil fuel industry in Asia, making former owners of oil and gas fields responsible for the costs of dismantling facilities if later owners fail. The new law provides a blueprint for governments tussling with the oil and gas industry over the removal of hundreds of obsolete energy facilities, particularly as the world moves to a lower-carbo...
CHANGE is not a new phenomenon in the oil and gas industry. Neither are cyclical price swings. Yet, what’s happening now is very different. Climate concerns have created a global push to decarbonise energy production and use. Investors are taking
WOODSIDE has become one of a handful of companies worldwide to simultaneously use more than one million virtual Central Processing Units (vCPUs) on Amazon Web Services (AWS) infrastructure. In late November, Woodside successfully executed the million-vCPU scale computing workload across
WOODSIDE Energy Trading Singapore Pte Ltd and Uniper Global Commodities SE have agreed to amend the binding long-term sale and purchase agreement (SPA) announced in December 2019 to increase the supply of LNG from Woodside’s global portfolio to Uniper. The
NEPTUNE Energy has announced first gas production from the Adorf Carboniferous development in north-western Germany. Initial results were positive following successful drilling of the Adorf Z15 appraisal well, in the municipality of Emlichheim. Subsequent production tests indicated flow rates of
Planning framework is needed to underpin hubs and get industry to scale The Australian Hydrogen Council (AHC) has welcomed today’s announcement by the Morrison Government of extra grants funding and expansion of its short list for a national network of
How do you see Australia’s Oil & Gas industry at the moment? Is it flourishing or facing problems? If we remove the historic commodity cycles and events, Oil & Gas (O&G) companies have generally been able to achieve profitability, capture
SCHLUMBERGER has announced the introduction of MagniSphere high-definition NMR logging-while-drilling service. This new service delivers accurate, real-time producibility analysis for optimum well placement, resulting in improved production and recovery in complex reservoirs. “MagniSphere service provides operators with a full understanding
AT a time when community and workplace environments are changing on a daily basis, new technology that provides reliability, comfort and ease-of-use has become increasingly important. This is particularly so in the communications area, where hard working, top quality equipment
WOODSIDE CEO Peter Coleman has informed the company of his intention to retire in the second half of 2021, by which time he will have served more than 10 years in the role. Woodside has commenced an internal and external
BLUE Energy Limited has advised that Non-Executive Director Karen Johnson has retired as a Director of the Company due to other work commitments. Ms Johnson was appointed as a Director of the Company on September 30, 2011 and has served
WOOD Mackenzie’s latest analysis shows 2020 is on track to be the quietest year for upstream transactions in the Asia Pacific region since the beginning of the 21st century. As of mid-November, only US$426 million of assets have changed hands
AGL has completed the acquisition of electricity and gas retailer, Click Energy Group Holdings Pty Ltd, a wholly owned subsidiary of ASX-listed amaysim Australia Limited, for $115 million. AGL CEO Brett Redman said through this acquisition and building on our
AUSTRALIAN Industrial Energy Pty Ltd (AIE) has signed a Memorandum of Understanding (MOU) with leading energy infrastructure company Jemena to connect the $250 million Port Kembla Gas Terminal (PKGT) with the Eastern Gas Pipeline (EGP), with the project on track
SRJ Technologies Group Plc has signed a global collaboration agreement with John Crane – a US subsidiary of diversified multinational group, Smiths Group Plc – to detect and mitigate fugitive methane emissions. The deal will see both companies collaborate to
