Meg O’Neill and Kevin Gallagher use the Ukraine disaster as an opportunity to reaffirm the importance of energy security, making a case for long-term expansion of oil and gas supply.
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$7.5m exploration grant for Beetaloo Sub-Basin
Federal resources minister Keith Pitt has granted another $7.5 million to the gas industry to drill for gas in the Northern Territory’s Beetaloo Basin.
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LNG exports to Europe to rise
Tensions in Europe are steadily rising, prompting much of Europe to reduce their dependence on Russia, including with regard to oil and gas supplies. Russia is the world’s second-largest oil producer
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Ukraine invasion could impact domestic energy market
Minister for Industry, Energy and Emissions Reduction Angus Taylor has said that Russia’s invasion of Ukraine could have knock-on effects for the global and domestic energy markets.
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Oil and gas exploration spending suffers: ABS
The Australian Bureau of Statistics (ABS) has reported that oil and gas exploration expenditure fell 6.8 per cent in the 2020 June quarter, with Western Australia being the largest contributor to the drop.
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OPEC, allies to execute record oil production cut
The Organisation of the Petroleum Exporting Countries (OPEC) and non-OPEC oil producing countries have agreed to cut almost 10 million barrels per day (mb/d) in oil production. The agreement will see
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Otto, Australis respond to challenging market conditions
Australian-based companies Otto Energy and Australis Oil & Gas have both taken steps to ensure their international operations are positioned to ride out current market challenges. Otto Energy reported
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Oil slump hits Australian producers
Shares in Australia’s oil and gas giants have fallen sharply following the fallout from the inability of OPEC and Russia to reach an agreement on production cuts last week. The oil and gas sector
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EIU expects coronavirus to hit global demand for oil
Fears around the coronavirus have caused oil prices to fall by almost 20 per cent between late January and early February, a report by the Economist Intelligence Unit (EIU) has found.
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