Joint media release with Western Australia Minister for Water, Forestry, Innovation and ICT, Science, Youth, the Hon Dave Kelly MLA.
Australia’s oil and gas industry, like its peers around the globe, is dealing with massive disruption on multiple fronts. Managing Director in Accentures oil and gas practice Chrisophe Bordeau says the pressures are compelling operators to examine their very purpose and create new business models to thrive in the future.
A Step Towards Zero Carbon Emissions
Expecting future marine fuels like ammonia, hydrogen or bio-LNG to slash carbon emissions from shipping in the short term is unrealistic and overlooks immediate steps which could be taken to reduce CO2 intensity from international shipping and better align the global fleet with the ambition levels of International Maritime Organization for 2030, the AOG 2020 conference will be told
The global offshore industry is diversifying from oil and gas into renewables as cutting-edge technology and research has facilitated the installation of wind farms in deep water.
Guest article by Neil Moore, Coates Hire
AS expected, a string of drilling successes off the WA coast has attracted a big suitor to Quadrant Energy, with Santos announcing it will pay US$2.15 billion to acquire 100% of the company a month after it made the huge Dorado oil discovery.
CARNARVON Petroleum Limited and its JV partner Quadrant Energy have made a “significant” oil discovery with the Dorado-1 well off the north-west coast of Western Australia.
There is a clear view that a turnaround in industry confidence is occurring, with the majority of the respondents suggesting that the local industry is in the early stages of recovery, although there was a strong perception that the real strength of the turnaround will be more noticeable in the mid-term (2 to 5 years).
The local oil and gas supply sector, wondering is there were any new projects coming over the “Horizon” have been provided with a major boost with Woodside today highlighting a string of new projects that are firmly in its development schedule.