PESA industry review—2009 environmental update

2010 ◽  
Vol 50 (1) ◽  
pp. 143
Author(s):  
Sue Slater
Keyword(s):  
Climate Change ◽  
Coal Seam ◽  
Greenhouse Gas ◽  
Oil And Gas ◽  
Renewable Energy Sources ◽  
South Australia ◽  
Final Report ◽  
Coal Seam Gas ◽  
Geological Sequestration ◽  
The Government

This paper provides a brief update on some of the key environmental issues that arose during 2009. In Queensland, activity is dominated by coal seam gas projects and specifically coal seam gas (CSG) to liquefied natural gas (LNG) projects. Environmental milestones for these projects are discussed, and the State Government’s response policy and regulation development response is reviewed. The progress of the more conventional LNG projects in Western Australia and the Northern Territory is also discussed. The final report on the mandated ten year review of the Environment Protection and Biodiversity Conservation Act 1999 was released in December 2009. Seventy-one recommendations were made, and some key recommendations related to our industry are discussed here. Climate change has again dominated the media, with the United Nations Climate Change Conference held in Copenhagen in December 2009. In Queensland, the Government released a paper that presented a range of strategies and policies, building on a number of existing schemes and introducing new measures. Gas is identified as a key transitional fuel while low emission coal technology and emerging renewable energy sources are being developed. Greenhouse gas legislation is continuing to be developed across several states, but subordinate legislation is yet to be finalised. In Victoria, submissions on the Greenhouse Gas Geological Sequestration Regulations closed in October 2009, and the Greenhouse Gas Geological Sequestration Act 2008 came into effect on 1 December 2009. In March 2009, ten offshore acreage releases were made under the Commonwealth legislation; however, the closing date for submissions is dependent upon the development of the regulations. South Australia passed an Act amending the Petroleum and Geothermal Act 2000 on 1 October 2009 to allow geosequestration. A number of reviews of the regulatory framework or the administrative systems associated with the upstream oil and gas sector have been completed in the last decade. All these reviews make similar findings and recommendations, and most recently the Jones Report, tabled in Western Australian Parliament on 12 August 2009, found that most key recommendations from previous reports and reviews had not been addressed or properly implemented. There seems to be little point in undertaking regulatory and system reviews that consistently make similar findings, if these findings are never addressed. The hurdles to implementation of key recommendations need to be identified, so that progress can be made in improving the approvals processes for the industry, and improving the environmental outcomes.

Coal seam gas in Australia's progression to a low carbon economy

2009 ◽  
Vol 49 (2) ◽  
pp. 577 ◽  
Author(s):  
Andrew Petersen ◽  
Hugh McKerrow
Keyword(s):  
Climate Change ◽  
Coal Seam ◽  
Energy Supply ◽  
Renewable Energy Sources ◽  
Carbon Capture And Storage ◽  
Growth Potential ◽  
Low Carbon ◽  
Carbon Taxes ◽  
Coal Seam Gas ◽  
Intergovernmental Panel

The previous decade has witnessed an unprecedented increase in societal appreciation for the existence of climate change and its associated impacts. One need only look to the reports of the Intergovernmental Panel on Climate Change (IPCC) for evidence—between 1990 and 2007, scientific acceptance of the anthropogenic nature of climate change has risen from merely perhaps in 1990 to a certainty of 90% in 2007. As governments look to create imposts on the very emissions causing climate change, be it through emissions trading schemes (ETS) or through carbon taxes, an equally stark appreciation has occurred in relation to the need to switch to low emissions fuel source in the absence of carbon capture and storage. In contrast to the introduction of the EU ETS, fuel switching in Australia will be more problematic—now Australia sources only a small fraction of its energy supply from renewable energy sources and it will take some time for this to change. What is therefore needed, is a transition fuel—a fuel that will provide Australia with a stepping stone to a sustainable future while at the same time ensuring the security of our energy supply. Coal seam gas (CSG) could play an important part in this progression. Its role is not, however, without its complexities. In a world of daily regulatory and market developments, the CSG industry will need to incorporate both Australian and international climate change issues into its development plans - its physical, reputational, regulatory and market risks and opportunities. This extended abstract will examine the links between these exposures and the future growth potential of the industry.

Oil will drive record Guyana growth again in 2022

2021 ◽  
Keyword(s):  
Climate Change ◽  
Oil And Gas ◽  
National Development ◽  
Oil Industry ◽  
Medium Term ◽  
Content Type ◽  
Development Plans ◽  
The Government ◽  
Wage Increases ◽  
Oil And Gas Sector

Significance As in 2020 and 2021, this projected growth will be driven by the ongoing expansion of the oil and gas sector, and related investment and state revenues. These rising revenues will support the government’s ambitious national development plans, which include both increased social and infrastructure spending. Impacts The government will prioritise enhancing the oil and gas investment framework. Investment into joint oil and gas infrastructure with Suriname will benefit the growing oil industry in both countries. The expansionary fiscal policy may lead to a rise in inflation, leading to further calls for wage increases. In the medium term, strong growth in the oil and gas sector could lead to increased climate change activism in the country.

A strategic approach to reduce climate change risks for the LNG industry

2010 ◽  
Vol 50 (2) ◽  
pp. 694
Author(s):  
Michele Villa
Keyword(s):  
Climate Change ◽  
Oil And Gas ◽  
Global Climate ◽  
Supply And Demand ◽  
Climate Change Policy ◽  
Scenario Planning ◽  
Fixed Rate ◽  
Change Policy ◽  
The Government ◽  
Compliance Strategy

The Senate rejection of the Carbon Pollution Reduction Scheme Bill 2009 (CPRS) for the second time in December 2009 caused key sections of Australia’s big business to express concern. The stalled legislation and the challenges associated with the Copenhagen Accord to deliver a clear post-2012 global climate change agreement have only fuelled uncertainty surrounding the future of climate change policy. This uncertainty will come at a cost for the Australian LNG industry where a raft of new projects are fast approaching final investment decisions and the real impact of a carbon impost is difficult to quantify. Despite this uncertainty, subsequent negotiations between the Government and the Opposition regarding the LNG industry, led to an amended version of the CPRS Bill. One of the amendments accepted by the Government was related to the allocation rate and states that LNG is expected to be a moderately emissions intensive trade exposed (EITE) activity and therefore eligible to receive free permits at a fixed rate per tonne of LNG produced. Should this version of the CPRS become legislation in 2010, LNG producers will at least be able to calculate their liability under the scheme and confirm their compliance strategy. Given the significant value at stake with existing and new investments, oil and gas businesses should act with urgency to develop strategies to respond to a carbon constrained future, irrespective of the final legislative design. Scenario planning is an important step in considering the range of regulatory outcomes—both domestic and international—that will impact on the supply and demand of carbon assets.

Field trials of the use of hydrated bentonite for decommissioning oil and gas wells

2016 ◽  
Vol 56 (2) ◽  
pp. 561 ◽  
Author(s):  
Brian Towler ◽  
Mahshid Firouzi ◽  
Amin Mortezapour ◽  
Paul Hywel-Evans
Keyword(s):  
Coal Seam ◽  
Oil And Gas ◽  
Laboratory Data ◽  
Field Trials ◽  
Gas Wells ◽  
Coal Seam Gas ◽  
Water Wells ◽  
The Us ◽  
Oil And Gas Wells ◽  
The Many

Bentonite is widely used for plugging shallow water wells in the US. In the past 15 years Chevron has been plugging oil and gas wells with bentonite in the San Joaquin Basin in California, and has successfully plugged about 10,000 wells. In several previous publications the authors’ research team has reported laboratory data to predict pressure containment using bentonite to underpin the fundamentals for plugging both oil and gas wells. The authors propose bentonite as an alternative medium for decommissioning coal seam gas wells in Queensland. Gas producing companies in Queensland are proposing to drill and produce about 40,000 coal seam gas wells in the state, and all of these will have to be plugged eventually. Water wells are shallow and are usually plugged with coarse granulated bentonite that is simply poured down the hole and hydrated. The authors propose a process for compressing bentonite into cylinders of various shapes, which promises to improve the use of bentonite for plugging deeper wells. Oil and gas wells are presently plugged and abandoned with cement. Bentonite has a number of advantages when plugging oil and gas wells. It is cheaper and easier to deploy and it is more reliable than cement. In this extended abstract the application of bentonite for plugging conventional oil and gas and coal seam gas wells will be discussed. The many field trials will be reviewed and the fundamental theory for plugging wells with bentonite will be outlined.

From wells to decisions—data management for coal seam gas operators in Australia as compared to conventional oil and gas operators

2011 ◽  
Vol 51 (2) ◽  
pp. 716
Author(s):  
Peter Smith ◽  
Iain Paton
Keyword(s):  
Coal Seam ◽  
Data Management ◽  
Case Studies ◽  
Oil And Gas ◽  
Data Access ◽  
Oil And Gas Industry ◽  
Coal Seam Gas ◽  
Gas Industry ◽  
Innovative Solutions ◽  
Conventional Oil

The large number of wells associated with typical coal seam gas (CSG) developments in Australia has changed the paradigm for field management and optimisation. Real time data access, automation and optimisation—which have been previously considered luxuries in conventional resources—are key to the development and operation of fields, which can easily reach more than 1,000 wells. The particular issue in Australia of the shortage of skilled labour and operators has increased pressure to automate field operations. This extended abstract outlines established best practices for gathering the numerous data types associated with wells and surface equipment, and converting that data into information that can inform the decision processes of engineers and managers alike. There will be analysis made of the existing standard, tools, software and data management systems from the conventional oil and gas industry, as well as how some of these can be ported to the CSG fields. The need to define industry standards that are similar to those developed over many years in the conventional oil and gas industry will be discussed. Case studies from Australia and wider international CSG operations will highlight the innovative solutions that can be realised through an integrated project from downhole to office, and how commercial off the shelf solutions have advantages over customised one-off systems. Furthermore, case studies will be presented from both CSG and conventional fields on how these enabling technologies translate into increased production, efficiencies and lift optimisation and move towards the goal of allowing engineers to make informed decisions as quickly as possible. Unique aspects of CSG operations, which require similarly unique and innovative solutions, will be highlighted in contrast to conventional oil and gas.

Germany’s climate efforts could boost the opposition

2019 ◽  
Keyword(s):  
Climate Change ◽  
Greenhouse Gas Emissions ◽  
Greenhouse Gas ◽  
Economic Impact ◽  
Climate Policy ◽  
Industrial Firms ◽  
Middle Income ◽  
Content Type ◽  
The Government ◽  
Fuel Costs

Significance Worth 54 billion euros (60 billion dollars) until 2023, the reforms are designed to help Germany reach its target of reducing greenhouse gas emissions by 55% of 1990 levels by 2030. This comes after the government said it would fail to reach its 2020 goal of a 40% reduction. Impacts Germany’s ambition to become a front-runner in the global fight against climate change will likely continue to suffer. Protests similar to France's 'yellow vest' movement are unlikely as the proposals avoid pain for lower- and middle-income voters. The proposed policies could put pressure on industrial firms to lower their heating and fuel costs. Given the economic impact that ambitious climate policy could have on industry and consumers, reforms to the deal will likely be modest.

Taxation aspects of climate change management measures

2010 ◽  
Vol 50 (1) ◽  
pp. 253
Author(s):  
David Lewis
Keyword(s):  
Climate Change ◽  
Financial Reporting ◽  
Oil And Gas ◽  
Global Climate ◽  
Action Plan ◽  
Oil And Gas Industry ◽  
Gas Industry ◽  
Resource Rent ◽  
Management Measures ◽  
The Government

Climate change is undoubtedly one of the greatest economic, social, and environmental challenges now facing the world. The present Australian Government is committed to acting on climate change and Australia’s progress towards its emissions reduction targets is being closely watched internationally. To contribute effectively to global climate change action, Australia must demonstrate its ability to implement robust and sustainable domestic emissions management legislation. The Carbon Pollution Reduction Scheme (CPRS), modelled after the cap-and-trade system, continues to be debated by our policymakers, as the Government moves to re-introduce its preferred CPRS legislative package for the third time. The advent of climate change legislation is inevitable and its impact will be far-reaching. This paper reviews the fiscal aspects of the proposed CPRS legislation in the context of the oil and gas industry, and whether it is conducive to creating incentives for appropriate climate change response by the industry. In particular, this paper will consider: the direct and indirect tax features specifically covered in the proposed CPRS legislation and their implications; the areas of taxation that remain uncanvassed in the proposed CPRS legislation and aspects requiring clarification from the tax administration; the interaction between Petroleum Resource Rent Tax (PRRT) and the CPRS measures; the flow-on impacts to taxation outcomes resulting from proposed accounting and financial reporting responses to the CPRS legislation; the income tax and PRRT treatment of selected abatement measures; and, elements of a good CPRS tax strategy and compliance action plan.

A Changing Dynamic: The Need for Collaboration on Talent Development and Climate Change in the E&P Industry

2007 ◽  
Vol 01 (03) ◽  
pp. 05-10
Author(s):  
_ Talent & Technology
Keyword(s):  
Climate Change ◽  
Carbon Sequestration ◽  
Greenhouse Gas ◽  
Fossil Fuels ◽  
Oil And Gas ◽  
Ghg Emissions ◽  
Talent Development ◽  
Oil And Gas Industry ◽  
Gas Industry ◽  
Critical Issues

Feature - In late June, 2007 SPE President Abdul-Jaleel Al-Khalifa hosted an executive industry wide summit with 75 global leaders to advance cross-sector collaboration on two critical issues facing the oil and gas industry. Talent scarcity has been a pressing and recurring item on company agendas for several years. On the technology front, the heightened focus on climate change and greenhouse-gas (GHG) emissions from fossil fuels is expected to influence many areas including media, legislation, and policymaking. The oil and gas industry has been actively involved in various technology projects to promote carbon sequestration. The summit provided a venue to frame and boost an industry position on this critical and widely publicized subject.

Indonesia will struggle to attain climate goals

2021 ◽  
Keyword(s):  
Climate Change ◽  
Power Plants ◽  
Oil And Gas ◽  
Carbon Tax ◽  
Content Type ◽  
Dominant Source ◽  
Net Zero ◽  
The Government ◽  
Oil And Gas Firms

Significance In July, it expressed optimism about achieving net-zero emissions by “2060 or sooner”. This will require a phasing out of coal-fired power plants, currently the dominant source of energy in the country. Impacts Jakarta may include its 2060 target explicitly in future updates of its Nationally Determined Contribution to action against climate change. Indonesian oil and gas firms will step up opposition to the government’s plans to introduce a carbon tax. The government will redouble commitment to reforestation efforts.

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