Australian onshore petroleum acreage and releases 2017

2017 ◽  
Vol 57 (2) ◽  
pp. 345
Author(s):  
Jeff Haworth
Keyword(s):  
Petroleum Industry ◽  
Oil Prices ◽  
Oil Price ◽  
Manufacturing Industries ◽  
Petroleum Exploration ◽  
Australian State ◽  
Local Manufacturing ◽  
Low Levels ◽  
Future Policy ◽  
Exploration Activity

This paper is a compilation of material from state and territory jurisdictions regarding onshore acreage and its availability for petroleum exploration in 2017. Australian state and territory governments continue to support investment in the petroleum industry through the provision of acreage for exploration, which is promoted nationally and internationally. Updates are provided on recent upstream developments and government initiatives. Present and future policy directions that relate to onshore petroleum exploration are described, particularly for jurisdictions that are not making land available this year. When the APPEA conference was last held in Perth, in 2014, the oil price and exploration outlook were very different from today. In 2016, the petroleum industry experienced the full impact of the downturn, with the price for oil reaching a low of under $27 USD/barrel (WTI) early in the year. Several companies departed the onshore, exploration was at a fifteen-year low and much acreage has been surrendered across Australia. However, 2017 is showing signs of improvement with oil prices in the mid-50s and some hope that the industry will turn the corner this year. Low levels of exploration activity may have implications for future domestic gas supplies, and rising gas prices are of concern to local manufacturing industries and consumers throughout Australia. However, this may present marketing opportunities for successful explorers.

Australian onshore petroleum acreage release 2016

2016 ◽  
Vol 56 (1) ◽  
pp. 495
Author(s):  
Justin Gorton
Keyword(s):  
Coastal Waters ◽  
Petroleum Industry ◽  
Petroleum Exploration ◽  
Resource Potential ◽  
Gas Industry ◽  
Unconventional Resources ◽  
Australian State ◽  
Global Demand ◽  
Future Policy ◽  
Significant Opportunity

This paper compiles material from state and territory jurisdictions describing the location and resource potential of Australian onshore and coastal waters acreage to be made available for petroleum exploration in 2016. The Australian state and territory governments continue to support investment in the petroleum industry through the annual provision of land for exploration, which is promoted nationally and internationally. Technical assessments are provided with the release, which detail the potential for conventional and/or unconventional resources. The level of assessment will depend on exploration maturity, but may include a description of the geological setting, review of exploration history, summary of key results, and subsurface maps/sections. In addition to this, any updates on recent upstream developments and government initiatives, as well as present and future policy directions that relate to onshore petroleum exploration, may be described, particularly for jurisdictions that are not making land available this year. With global demand for gas—led by Asia—expected to grow at 2.6% annually between 2015 and 2025, investing in Australia’s petroleum and gas industry presents a significant opportunity to supply into this growing market.

THE FISCAL SETTINGS THAT ARE IMPORTANT TO PETROLEUM EXPLORATION AND DEVELOPMENT IN AUSTRALIA

2003 ◽  
Vol 43 (1) ◽  
pp. 655
Author(s):  
M.J. Lawry
Keyword(s):  
High Risk ◽  
Development Economics ◽  
Petroleum Industry ◽  
Petroleum Exploration ◽  
Time Lags ◽  
Tax Legislation ◽  
Fiscal System ◽  
Tax Benefits ◽  
Fiscal Regime ◽  
Exploration Activity

A fiscal regime must reflect the underlying characteristics of the petroleum industry. Australia’s fiscal settings do not sufficiently reflect the current and future characteristics of the industry, particularly frontier deepwater exploration activity. The fiscal system can encourage greater exploration by providing more immediate access to tax benefits for exploration for all taxpayers, adjustment of the PRRT augmentation rules to better reflect time lags and improving development economics for high risk projects. Competing international regimes exhibit a greater flexibility of fiscal terms required to attract investment. Common petroleum industry arrangements, such as farm-ins should be free from any tax uncertainty. Tax legislation should be amended on a timely basis to correct technical anomalies or uncertainties.

Onshore petroleum exploration acreage release

2013 ◽  
Vol 53 (1) ◽  
pp. 115
Author(s):  
Peter Green
Keyword(s):  
Petroleum Industry ◽  
Sedimentary Basins ◽  
Northern Territory ◽  
Petroleum Exploration ◽  
Tight Gas ◽  
Release Process ◽  
Petroleum Potential ◽  
Major Development ◽  
Under Construction ◽  
Exploration Activity

The petroleum industry in Australia is going through a major development phase with export LNG projects under construction on both the east and west coasts. Initial exploration for shale and tight gas has opened up new plays as well as increasing interest in many sedimentary basins that have been overlooked. Access to land onshore in Australia for petroleum exploration is, in some States, through a formal release process by the relevant jurisdiction. This is a compilation of material supplied by the States and Northern Territory in relation to land being made available onshore for petroleum exploration. Not all jurisdictions have new acreage available for exploration. In these cases, new initiatives being undertaken that directly relate to accessing land for exploration or the present state of exploration activity will be highlighted. Land that is being made available for exploration will generally be accompanied by information regarding its geological setting and petroleum potential. Previous exploration activity may be in summaries, including information in relation to the amount of pre-existing data available to future explorers. Exploration opportunities may include conventional and unconventional targets. The review of the areas may also include maps and sections related to the land being made available.

Australian States and Northern Territory acreage update at APPEA 2010

2010 ◽  
Vol 50 (1) ◽  
pp. 35
Author(s):  
Peter Green
Keyword(s):  
Oil And Gas ◽  
Petroleum Industry ◽  
Northern Territory ◽  
Petroleum Exploration ◽  
Tight Gas ◽  
Extensive Experience ◽  
Green Is ◽  
Australian State ◽  
Petroleum Resources ◽  
Exploration And Production

Peter Green is the Geoscience Manager: Energy Geoscience in the Geological Survey Queensland and has extensive experience in basin studies, geoscience and the development of petroleum regulation in Queensland. This paper provides a summary of the land releases for petroleum exploration for onshore areas and coastal waters of Australia for 2010. The summaries include upstream petroleum acreage opportunities for the states and the Northern Territory, and geothermal energy exploration opportunities. The rise in interest in export liquefied natural gas projects has ensured petroleum exploration and production has remained strong. Interest in acquiring petroleum acreage to explore for both conventional and non-conventional plays remains high. Australian state and the Northern Territory governments continue to provide access to land and promotional opportunities for companies to undertake exploration and development of our petroleum resources. Acreage on offer provides a mix of exploration opportunities from conventional oil and gas through to the unconventional plays such as shale gas and tight gas. This change in acreage on offer reflects the changing nature of the onshore petroleum industry in Australia.

Australian onshore petroleum acreage and releases 2018

2018 ◽  
Vol 58 (2) ◽  
pp. 426
Author(s):  
Elinor Alexander
Keyword(s):  
International Investment ◽  
Petroleum Exploration ◽  
Australian State ◽  
New Ideas ◽  
Net Benefits ◽  
Future Policy ◽  
Petroleum Sector

This paper is a compilation of information provided by state and territory jurisdictions about onshore acreage and its availability for petroleum exploration in 2018. Australian state and territory governments continue to research and promote petroleum prospectivity to stimulate local and international investment in petroleum exploration by generating new exploration concepts and opportunities, facilitating discoveries and fostering new ideas to assist the nation’s upstream petroleum sector to keep on delivering the maximum net benefits to all Australians. Present and future policy directions that relate to onshore petroleum exploration are described, particularly for jurisdictions that are not making petroleum acreage available this year.

Monetary policy and the effect of the transfer of oil prices to inflation

2020 ◽  
pp. 41-50
Author(s):  
Ph. S. Kartaev ◽  
I. D. Medvedev
Keyword(s):  
Monetary Policy ◽  
Inflation Targeting ◽  
Dynamic Models ◽  
Oil Prices ◽  
Oil Price ◽  
Oil Price Shocks ◽  
Negative Effects ◽  
Price Shocks ◽  
Policy Regime ◽  
The Impact

The paper examines the impact of oil price shocks on inflation, as well as the impact of the choice of the monetary policy regime on the strength of this influence. We used dynamic models on panel data for the countries of the world for the period from 2000 to 2017. It is shown that mainly the impact of changes in oil prices on inflation is carried out through the channel of exchange rate. The paper demonstrates the influence of the transition to inflation targeting on the nature of the relationship between oil price shocks and inflation. This effect is asymmetrical: during periods of rising oil prices, inflation targeting reduces the effect of the transfer of oil prices, limiting negative effects of shock. During periods of decline in oil prices, this monetary policy regime, in contrast, contributes to a stronger transfer, helping to reduce inflation.

Impact of exchange rate and oil price on the yield of sovereign bond and sukuk: Evidence from Malaysian capital market

2017 ◽  
Vol 5 (4) ◽  
pp. 27
Author(s):  
Huda Arshad ◽  
Ruhaini Muda ◽  
Ismah Osman
Keyword(s):  
Exchange Rate ◽  
Capital Market ◽  
Time Series Data ◽  
Oil Prices ◽  
Oil Price ◽  
Series Data ◽  
Sovereign Bond ◽  
Long Run ◽  
Short Run ◽  
The Impact

This study analyses the impact of exchange rate and oil prices on the yield of sovereign bond and sukuk for Malaysian capital market. This study aims to ascertain the effect of weakening Malaysian Ringgit and declining of crude oil price on the fixed income investors in the emerging capital market. This study utilises daily time series data of Malaysian exchange rate, oil price and the yield of Malaysian sovereign bond and sukuk from year 2006 until 2015. The findings show that the weakening of exchange rate and oil prices contribute different impacts in the short and long run. In the short run, the exchange rate and oil prices does not have a direct relation with the yield of sovereign bond and sukuk. However, in the long run, the result reveals that there is a significant relationship between exchange rate and oil prices on the yield of sovereign bond and sukuk. It is evident that only a unidirectional causality relation is present between exchange rate and oil price towards selected yield of Malaysian sovereign bond and sukuk. This study provides numerical and empirical insights on issues relating to capital market that supports public authorities and private institutions on their decision and policymaking process.

scholarly journals Shades between Black and Green Investment: Balance or Imbalance?

2021 ◽  
Vol 13 (9) ◽  
pp. 5024
Author(s):  
 Vítor Manuel de Sousa Gabriel ◽  
María Mar Miralles-Quirós ◽  
José Luis Miralles-Quirós
Keyword(s):  
Risk Factor ◽  
Oil Prices ◽  
Oil Price ◽  
Short Term ◽  
Environmental Indices ◽  
Long Run ◽  
Green Investment ◽  
Bounds Test

This paper analyses the links established between environmental indices and the oil price adopting a double perspective, long-term and short-term relationships. For that purpose, we employ the Bounds Test and bivariate conditional heteroscedasticity models. In the long run, the pattern of behaviour of environmental indices clearly differed from that of the oil prices, and it was not possible to identify cointegrating vectors. In the short-term, it was possible to conclude that, in contemporaneous terms, the variables studied tended to follow similar paths. When the lag of the oil price variable was considered, the impacts produced on the stock market sectors were partially of a negative nature, which allows us to suppose that this variable plays the role of a risk factor for environmental investment.

Forecasting Crude Oil price using Artificial Neural Network model

2021 ◽  
pp. 321-326
Author(s):  
Sivaprakash J. ◽  
Manu K. S.
Keyword(s):  
Neural Network ◽  
Time Series ◽  
Crude Oil ◽  
Back Propagation ◽  
Oil Prices ◽  
Oil Price ◽  
Back Propagation Algorithm ◽  
Crude Oil Price ◽  
Propagation Algorithm ◽  
Crude Oil Prices

In the advanced global economy, crude oil is a commodity that plays a major role in every economy. As Crude oil is highly traded commodity it is essential for the investors, analysts, economists to forecast the future spot price of the crude oil appropriately. In the last year the crude oil faced a historic fall during the pandemic and reached all time low, but will this situation last? There was analysis such as fundamental analysis, technical analysis and time series analyses which were carried out for predicting the movement of the oil prices but the accuracy in such prediction is still a question. Thus, it is necessary to identify better methods to forecast the crude oil prices. This study is an empirical study to forecast crude oil prices using the neural networks. This study consists of 13 input variables with one target variable. The data are divided in the ratio 70:30. The 70% data is used for training the network and 30% is used for testing. The feed forward and back propagation algorithm are used to predict the crude oil price. The neural network proved to be efficient in forecasting in the modern era. A simple neural network performs better than the time series models. The study found that back propagation algorithm performs better while predicting the crude oil price. Hence, ANN can be used by the investors, forecasters and for future researchers.

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