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Political

APPEA says more supply is vital for domestic gas market

THE release of the Australian Competition and Consumer Commission’s (ACCC) latest Gas Market Inquiry 2017-2020 report once again confirms the actions taken by Australia’s oil and gas industry to bring more natural gas into the domestic market are working, according to APPEA. APPEA chief executive Andrew McConville said the ACCC’s July report highlighted the industry has increased the flow of gas to the east coast market but southern states continue

Premier announces plans for a world-first LNG plant in WA

The Western Australia Government has teamed up with The University of Western Australia (UWA) and the LNG industry to develop a world-first microscale LNG plant, as part of an LNG Futures Facility in Kwinana. In Shanghai, representing Western Australia at the 19th International Conference & Exhibition on Liquefied Natural Gas (LNG19), Premier Mark McGowan was joined by industry leaders and UWA to make the announcement. The State Government will provide

Oil and gas industry welcomes lifting of WA fracking moratorium

AUSTRALIAN oil and gas lobby group APPEA has welcomed the Western Australian Government’s decision to lift the hydraulic fracturing moratorium on existing onshore gas projects. “The independent scientific inquiry has confirmed that properly regulated, hydraulic fracturing is a safe practice.  Hydraulic fracturing has been used safely in Western Australia since 1958,” said APPEA chief executive Dr Malcolm Roberts. “The inquiry shows there is no environmental or public health justification for

WA Government introduces strict new fracking controls

FRACKING will not be permitted over 98% of Western Australia and, for the first time, traditional owners and farmers will have the right to say no to oil and gas production from fracking on their land. The WA Government has announced it will only lift the fracking moratorium on existing onshore petroleum titles following an independent scientific inquiry finding the risk to people and the environment is low. Under new

ACCC clears way for Santos’ Quadrant Energy acquisition

SANTOS has been notified that there will be no ACCC opposition to its acquisition of highly successful offshore Western Australia explorer Quadrant Energy. Already one of Australia’s leading oil and gas producers, Santos announced in August 2018 that it proposed to acquire 100% of Quadrant Energy for US$2.15 billion plus potential contingent payments. Santos says that the condition precedent for completion of the acquisition of Quadrant has now been satisfied

Leading oil and gas companies launch legal action against PNG Government

 A CONSORTIUM of international oil and gas companies has launched legal proceedings against the PNG Government over the proposed cancellation of one of the country’s most high-profile petroleum licences. Discussions between PNG Petroleum Minister Dr Fabian Pok and members of the PDL-10 licensees including global Spanish energy company Repsol (Operator), PNG national oil company, Kumul Petroleum, Horizon Oil and Osaka Gas, have fallen through with regard to the Minister’s notices

Treasurer Frydenberg believes CK takeover of pipeline owner APA against national interests

AUSTRALIA’S Treasurer Josh Frydenberg has advised a Chinese consortium led by CK Asset Holdings Limited this his preliminary view that its proposed acquisition of leading Australian pipeline owner APA Group would be contrary to the national interest. “I have formed this view on the grounds that it would result in an undue concentration of foreign ownership by a single company group in our most significant gas transmission business. I intend

Greymouth Gas outlines claims against NZ Government

NEW Zealand owned and operated Greymouth Gas Turangi Limited has updated details on its lodgement of High Court claims against the New Zealand Government and its plans to halt offshore oil and gas exploration in the country. The Greymouth claims allege that: NZ Energy Minister Megan Woods’ decision declining to grant an offshore coastal permit to Greymouth following submission of a compliant bid in the 2017 Block Offer was not

New figures show NZ is digging itself into a massive financial hole with planned oil and gas ban

ENDING offshore oil and gas exploration could cost New Zealand taxpayers up to NZ$23.5 billion and increase emissions at the same time, according to new figures released by Government officials. New Zealand’s oil and gas industry lobby body, the Petroleum Exploration and Production Association of New Zealand (PEPANZ) says it is time for a re-think on plans to end new offshore exploration. “The Regulatory Impact Assessment (RIS) shows that ending

Innovative NT gas strategy welcomed by oil and gas sector

The Northern Territory’s oil and gas industry has welcomed the recent announcement of the Territory Government’s Gas Strategy. Released at the South East Asia Australia Offshore and Onshore Gas (SEAAOC) conference in Darwin, the Gas Strategy outlines a five-point plan to develop the NT’s substantial offshore and onshore gas resources to create new jobs and opportunities for downstream gas-based manufacturing. The plan aims to create a world class hub for