A Reservoir-Level Approach to Evaluating Cost-Effectiveness of Environmental Regulations on the Natural Gas Exploration and Production Industry

1997 ◽  
Author(s):  
G.E. Smith ◽  
M.L. Godec
Keyword(s):  
Cost Effectiveness ◽  
Natural Gas ◽  
Environmental Regulations ◽  
Reservoir Level ◽  
Exploration And Production ◽  
Production Industry

Safety leadership and collaboration in the Queensland natural gas exploration and production industry

2016 ◽  
Vol 56 (2) ◽  
pp. 548
Author(s):  
Walter Simpson ◽  
Mark Greene ◽  
Sean O'Donnell ◽  
Michelle Zaunbrecher ◽  
Warwick King ◽  
...  
Keyword(s):  
Natural Gas ◽  
Geographical Area ◽  
Senior Leaders ◽  
Exploration And Production ◽  
Working Together ◽  
Natural Outcome ◽  
Set Up ◽  
The Right ◽  
Production Industry

The industry in Queensland operates within a common geographical area and uses similar technologies with common hazards and risks. In terms of safety companies must be seen as one industry and not separate entities. As a result, collaboration on safety is a natural outcome, and in 2014 this led to the creation of the Queensland Natural Gas Exploration & Production Industry Safety Forum (known as Safer Together), an inclusive member-led organisation of a range of operating and contract partner companies. Initial emphasis was on the set-up/organisation and getting early engagement. With more than 80 companies signed up as members in the first 12 months, Safer Together made a strong start. The emphasis has now switched to delivery, and with all member companies feeling the strain of the industry downturn, working together has never been so crucial to ensure that safety is never compromised. This extended abstract presents a case study of what Safer Together is learning about the fundamental prerequisites required to ensure long-term sustainability and the success of the forum. Challenges discussed include: maintaining and increasing membership in tough times; ensuring senior leaders continue to be actively engaged, regardless of other business pressures; ensuring simple solutions don’t become too difficult to implement when rolled out to many different companies; avoiding initiative overload; and, demonstrating tangible value to member companies. This is not an easy journey, and more challenges lie ahead. But the enormous safety benefits make it the right thing to do as an industry.

Accelerating oil and gas investment and reserves by design

2018 ◽  
Vol 58 (2) ◽  
pp. 557
Author(s):  
Barry A. Goldstein
Keyword(s):  
Natural Gas ◽  
Fossil Fuels ◽  
Oil And Gas ◽  
South Australia ◽  
Land Access ◽  
Oil And Gas Exploration ◽  
Oil And Gas Producers ◽  
Crude Oil Prices ◽  
Exploration And Production ◽  
Oil And Gas Operations

Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passion, they cannot alter the state of facts and evidence (Adams 1770). Some people unfamiliar with upstream petroleum operations, some enterprises keen to sustain uncontested land use, and some people against the use of fossil fuels have and will voice opposition to land access for oil and gas exploration and production. Social and economic concerns have also arisen with Australian domestic gas prices tending towards parity with netbacks from liquefied natural gas (LNG) exports. No doubt, natural gas, LNG and crude-oil prices will vary with local-to-international supply-side and demand-side competition. Hence, well run Australian oil and gas producers deploy stress-tested exploration, delineation and development budgets. With these challenges in mind, successive governments in South Australia have implemented leading-practice legislation, regulation, policies and programs to simultaneously gain and sustain trust with the public and investors with regard to land access for trustworthy oil and gas operations. South Australia’s most recent initiatives to foster reserve growth through welcomed investment in responsible oil and gas operations include the following: a Roundtable for Oil and Gas; evergreen answers to frequently asked questions, grouped retention licences that accelerate investment in the best of play trends; the Plan for ACcelerating Exploration (PACE) Gas Program; and the Oil and Gas Royalty Return Program. Intended and actual outcomes from these initiatives are addressed in this extended abstract.

MANAGING CONFIDENTIALITY AND CONFLICTS OF INTEREST IN A COMPETITIVE ENERGY MARKET

1996 ◽  
Vol 36 (1) ◽  
pp. 594
Author(s):  
P.D. Slattery ◽  
K. Stammer
Keyword(s):  
Natural Gas ◽  
Joint Venture ◽  
Conflicts Of Interest ◽  
Petroleum Industry ◽  
Good Faith ◽  
Energy Market ◽  
Gas Industry ◽  
Competitive Activity ◽  
Exploration And Production

Producers and other participants in the petroleum industry are in the midst of an increasingly competitive energy market. It is now the case that throughout Australia producers of natural gas are competing not just with substitute sources of energy but with one another. No longer do producers only compete for prospective tenements, rather their competitive activity extends from acreage acquisition through to the burner tip. The emergence of deregulation in the gas industry and the opportunities for competitive activity have been discussed at recent APEA conferences.1The aim of this paper is to examine where conflicts between interest and duty may arise between joint venturers who are now directly, or through affiliated companies, competing for marketing opportunities. We examine how and why such conflicts may arise and whether it is possible to manage them while still participating in traditional forms of joint venture exploration, production and in some cases marketing.For example, are producers able to satisfy their obligations of good faith and preserve confidentiality in joint venture exploration and production activities without compromising their ability to independently pursue the marketing of their share of production?

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