Northern Australia oil and gas: a new engine for Australia's prosperity?

2015 ◽  
Vol 55 (2) ◽  
pp. 405
Author(s):  
Nicholas Heyes ◽  
Robbert de Weijer
Keyword(s):  
Success Factors ◽  
Oil And Gas ◽  
International Energy Agency ◽  
Gas Production ◽  
Government Support ◽  
Asia Pacific ◽  
Northern Australia ◽  
Energy Agency ◽  
New Ways Of Working ◽  
Tax Benefits

The region of Australia comprising the area of the NT and northwest Queensland has significant conventional and shale resources that can see it emerge as the next major global oil and gas hub. According to the International Energy Agency (IEA), in the Asia-Pacific region, the natural gas production-consumption shortfall is expected to grow from 99.8 million tonnes per annum (mtpa) in 2012 to 251.7 mtpa in 2025 (IEA, 2014). Australia is well-positioned to cater to this growing demand, and is set to become the world’s largest LNG exporter by 2020. The northern Australia region can help to meet this growing global demand and also serve domestic east coast demand. Development of these resources would significantly accelerate the regional and national economy, but success will depend on doing it at a cost that is competitive with new sources of hydrocarbons from around the world. This extended abstract outlines the natural advantages and challenges being faced by operators seeking to develop this region of northern Australia. Drawing on insights from global experiences, it identifies the key success factors and challenges faced in different regions during their development and commercialisation. It provides guidance and recommendations for maximising the development potential in northern Australia including: new ways of working; industry collaboration including sharing of infrastructure and data; service provider development; commercial partnerships; better access to capital; and, government support in tenure reform, incentives, tax benefits, capability development and investments in infrastructure.

Petroleum production and development across Australia 2017

2018 ◽  
Vol 58 (2) ◽  
pp. 469
Author(s):  
Graeme Bethune ◽  
Susan Bethune
Keyword(s):  
Oil And Gas ◽  
International Energy Agency ◽  
Oil And Gas Industry ◽  
Gas Production ◽  
Petroleum Exploration ◽  
The West ◽  
Energy Agency ◽  
Gas Industry ◽  
Oil And Gas Production ◽  
Short Supply

This Petroleum Exploration Society of Australia review looks in detail at the trends and highlights for oil and gas production and development both onshore and offshore Australia during 2017. Gas production soared while oil production plummeted yet again. Liquefied natural gas (LNG) did well; 2017 was a great year for LNG and 2018 should be even better. There are stark contrasts between domestic gas on the west and east coasts. On the west coast, prices are affordable and supply relatively plentiful. On the east, prices are high and gas is in short supply. This paper canvasses these trends and makes conclusions about the condition of the oil and gas industry in Australia. This paper relies primarily on production and reserves data compiled by EnergyQuest. In its latest review of Australian energy policy, the International Energy Agency comments yet again on the weaknesses of Australian oil and gas statistics. This paper also makes some observations on these weaknesses.

scholarly journals THE IMPACT OF COVID-19 ON NATURAL GAS MARKETS IN 2020

2021 ◽  
Vol 2(73) (1) ◽  
pp. 16-26
Author(s):  
Florinel Dinu ◽  
Artemis Aidoni ◽  
George Iulian Oprea
Keyword(s):  
Natural Gas ◽  
Oil And Gas ◽  
International Energy Agency ◽  
Business Environment ◽  
Gas Production ◽  
Energy Agency ◽  
Natural Gas Markets ◽  
Warm Start ◽  
Gas Markets ◽  
The Impact

"A warm start to the year 2020 coupled with the impacts of the COVID-19 pandemic had a devastating impact on the Oil and Gas sector across the globe. A great economic shock was felt throughout this period and continued until the end of the year and even during the next year, but the extent of the damage is still uncertain, as is the speed and scale of recovery. Owing to the global lockdowns that resulted from the COVID-19 pandemic, gas consumption and production plummeted and the prices reached a new record low. As the pandemic started to spread in Europe the gas production went below the 2015-2019 range reflecting the decreasing trend of gas production in EU. In the same period 5 years ago the gas production was 36.6 bcm, more than twice as in Q1 2020, illustrating the rapid decrease in gas production in the block of 27 and the increase in import dependenc in natural gas. This study highlights the effects of COVID-19 on the gas markets based on publications of National Regulatory Authorities, Transmission System Operators, International Energy Agency, one of the world’s most trusted providers of data of global commodities markets and European Energy Exchange. Under the optimistic infection scenario, gas demand will recover close to the non-pandemic level by 2021. Unfortunately, the oversupply situation is improbable to be overcome promptly and in a more pessimistic way there is no visibility for a better business environment before 2023. "

scholarly journals Oil and Gas in the Arctic: Legal Status and Reserves

2014 ◽  
pp. 60-67
Author(s):  
N. N. Shvets ◽  
P. V. Beresneva
Keyword(s):  
Legal Status ◽  
Oil And Gas ◽  
International Energy Agency ◽  
Business Case ◽  
Gas Production ◽  
Production Costs ◽  
The Arctic ◽  
Outer Continental Shelf ◽  
Oil And Gas Development ◽  
Energy Agency

When researching such a hot topic as development of oil and gas reserves in Artie it's crucial to answer 3 key questions. What is legal status of Artie reserves and Russian offshore zone in Arctic? Are there any gaps in international lawthatinhibits oil and gas development? How big are Arctic oil and gas reserves? Are they well-explored? What are production costs of oil and gas in Artie? Is it profitable to develop reserves in Artie? The article addresses these vital questions with the detailed analysis. 1982 UN Convention on the Law of Sea partially regulates Artie legal status but countries apply sectorial principal to Arctic territories to claim their rights. There are few border disputes left. The borders of Russian outer continental shelf are shaped by international law and bilateral agreements and undergoing final review within UN processes and mechanisms. Arctic reserves'estimates do vary significantly as the region is barely explored. According to with a high 2008 US Geological Survey and 2006 Wood Mackenzie and Fugro Robertson study Arctic reserves are about 10-15% of global reserves. Most of them are offshore (around 85%), and gas accounts for 80% of reserves. Russia has more than a half of Artie reserves. Under International Energy Agency it's profitable to develop Arctic oil reserves as production costs ($40-100 bbl) are below current and 2035 forecast oil price. On the contrary, gas production is questionable from costs point of view. Gas market is projected to remain regional. With Artie gas production cost of$ 4-12 million BTU, there is no business case to develop Artie gas in America and at the edge of profitability in Europe.

Has the 'Golden Age of Gas' bypassed Australia?

2019 ◽  
Vol 59 (1) ◽  
pp. 134
Author(s):  
Joshua Stabler
Keyword(s):  
Golden Age ◽  
International Energy Agency ◽  
Gas Production ◽  
Energy Prices ◽  
Energy Agency ◽  
World Energy ◽  
The World ◽  
World Energy Outlook ◽  
Australian Experience ◽  
Domestic Electricity

In June 2011, the International Energy Agency released the 2011 World Energy Outlook (WEO) series that posed the thought-provoking question: ‘Are we entering a golden age of gas?’ In response to this bold question, this paper first investigates the world’s electricity supply by each fuel type and how the WEO expectations have changed over time. This helps define the progress of the world targets for the ‘Golden Age of Gas’. To provide context to Australian gas conditions, this paper delves deeply into two of the most important international markets in the world: USA and China. Each of these countries are placed in the five fastest growing gas production countries in the world but have had substantially different engagements with gas and their domestic electricity profiles. Each country’s response to the electricity generation-source dilemma has resulted in diametrically opposed carbon emission outcomes. Finally, this paper turns to the Australian experience with gas. As the fifth fastest growing gas producing nation, and now the largest liquefied natural gas exporter in the world, Australia has rapidly shifted from energy price isolation to having strong links to international energy prices. These international price linkages have been applied across both gas and coal markets and have occurred simultaneously with the combination of a wave of renewable energy construction, traditional energy generation exit and paralysed government policy. This leaves a revised question: has the Golden Age of Gas passed Australia?

Neither oil nor coal demand is likely to peak by 2040

2019 ◽  
Keyword(s):  
Energy Demand ◽  
Oil And Gas ◽  
International Energy Agency ◽  
Primary Energy ◽  
Energy Agency ◽  
Content Type ◽  
Primary Energy Demand ◽  
Term Energy ◽  
First Time

Subject Long-term energy markets outlook. Significance The International Energy Agency (IEA) has upgraded its forecast for total primary energy demand (TPED) to 2040 for the first time since it began projecting this far out in 2014. Impacts The IEA’s belief that the world is on an environmentally unsustainable path will bolster decarbonisation efforts nationally and globally. The IEA does not see oil demand peaking by 2040; this and gas’s growing share of global demand will help sustain oil and gas investment. China and India switching from coal to gas will reduce coal’s share of energy demand even though India’s official targets are optimistic.

scholarly journals Environmental and Economic Aspects of Biomethane Production from Organic Waste in Russia

Energies ◽  
2021 ◽  
Vol 14 (17) ◽  
pp. 5244
Author(s):  
Svetlana Zueva ◽  
Andrey A. Kovalev ◽  
Yury V. Litti ◽  
Nicolò M. Ippolito ◽  
Valentina Innocenzi ◽  
...  
Keyword(s):  
Greenhouse Gas ◽  
Financial Incentives ◽  
International Energy Agency ◽  
Government Support ◽  
Industrial Plant ◽  
Full Potential ◽  
Russian Government ◽  
Energy Agency ◽  
Central Russia ◽  
Carbon Dioxide Co2

According to the International Energy Agency (IEA), only a tiny fraction of the full potential of energy from biomass is currently exploited in the world. Biogas is a good source of energy and heat, and a clean fuel. Converting it to biomethane creates a product that combines all the benefits of natural gas with zero greenhouse gas emissions. This is important given that the methane contained in biogas is a more potent greenhouse gas than carbon dioxide (CO2). The total amount of CO2 emission avoided due to the installation of biogas plants is around 3380 ton/year, as 1 m3 of biogas corresponds to 0.70 kg of CO2 saved. In Russia, despite the huge potential, the development of bioenergy is rather on the periphery, due to the abundance of cheap hydrocarbons and the lack of government support. Based on the data from an agro-industrial plant located in Central Russia, the authors of the article demonstrate that biogas technologies could be successfully used in Russia, provided that the Russian Government adopted Western-type measures of financial incentives.

World Oil Industry: Forecasts of Development up to 2035

2013 ◽  
pp. 54-61
Author(s):  
N. Baykov
Keyword(s):  
Oil And Gas ◽  
International Energy Agency ◽  
Oil Industry ◽  
Oil And Gas Industry ◽  
Primary Energy ◽  
Department Of Energy ◽  
Energy Resources ◽  
Energy Agency ◽  
Gas Industry ◽  
Probable State

The fresh forecasts on the probable state of world oil and gas industry up to 2035 have appeared in late 2011. The article deals with the main points and conclusions of the available forecasts of the International Energy Agency and the U.S. Department of Energy, especially concerning supposed indicators of output and consumption of primary energy resources, primarily crude oil, in the whole world and with breakdown by regions.

RADIOECOLOGICAL IMPACT AND THE ASSOCIATED HAZARDS DUE TO NORM FROM OIL AND GAS PRODUCTION FACILITY IN THE WESTERN DESERT OF EGYPT

2020 ◽  
Vol 190 (2) ◽  
pp. 165-175
Author(s):  
Yasser Y Ebaid ◽  
Yasser Hassan ◽  
Wael M Elshemey
Keyword(s):  
Oil And Gas ◽  
Produced Water ◽  
Gas Production ◽  
Western Desert ◽  
Production Facility ◽  
Energy Agency ◽  
Radium Isotopes ◽  
Oil And Gas Production ◽  
The World ◽  
Effective Doses

Abstract An oil and gas production facility in the western desert of Egypt was investigated for possible radiation risks due to the routine operation. Radium-226, Radium-228 and Potassium-40 were assessed in the soil samples collected from the adjacent soakaway pond. The average 226Ra, 228Ra and 40K activity concentrations were 881.0 ± 42.0, 966.0 ± 43.0 and 143.0 ± 8.0 Bq kg−1, respectively. Both 226Ra and 228Ra were above the world ranges, while 40K was within the world range. Water samples from the facilities effluent’s produced water showed elevated levels of both radium isotopes. The effective doses at three different points on the separator outer surfaces over the period between 1995 and 2014 were assessed. The maximum reading was 5.4 μSv h−1 on 2014. The time has significantly contributed to the enhancement of the effective dose readings. However, they are still within the expected range encountered in similar studies reported by International Atomic Energy Agency (IAEA).

IOGP Global Production Report 2019 and Production Indicator©

2020 ◽  
Vol 60 (2) ◽  
pp. 417
Author(s):  
Arianna Checchi
Keyword(s):  
Oil And Gas ◽  
International Association ◽  
Gas Production ◽  
Asia Pacific ◽  
Daily Production ◽  
Oil And Gas Production ◽  
Regional Production ◽  
Self Sufficiency ◽  
World Energy ◽  
Independent States

This paper builds on the International Association of Oil & Gas Producers’ (IOGP) Global Production Report 2019, published in November 2019. The Report provides an incisive look at the world’s oil and gas production and demand trends in seven regions: Africa, Asia–Pacific, Commonwealth of Independent States (CIS), Europe, the Middle East, North America and Central and South America. By dividing daily production in thousands of barrels for oil (and billion cubic metres per year) by demand within each region, the Report provides a unique IOGP Production Indicator© (PI), which demonstrates regional self-sufficiency as well as export potential. Based on the latest BP Statistical Review of World Energy, published in June 2019, the Report draws its conclusions from 2018 data. This paper analyses the data and trends supplied by the Report, extrapolating the main messages revealed by the figures. At the core of the paper are analyses of and comparisons among the regional oil and gas PIs of the Global Production Report 2019. Through the PI, this paper looks ahead and considers the implications of regional production versus demand (both oil and gas) for each region, presenting key conclusions stemming from the PIs in different parts of the world.

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