Since we set out our strategy in 2020, our track record of delivery has given us increased confidence as we invest in bp's transition and the energy transition. We believe we have the scale and expertise to navigate complex markets and manage increasingly integrated energy systems. Integrating ...
Forecasts the value, volume and price of Australia's major resources and energy commodity exports. We develop policy, regulations and interventions to support Australia's oil and gas industry and supply.
Central Petroleum is an Australian oil and gas exploration and production company focused on supplying reliable energy to Australians as we transition to a cleaner energy future. ... Our growth potential – guided by a clear strategy in the Australian oil and gas industry COMPANY REPORTING View our latest annual reports & reports archives.
Australia's National Hydrogen Strategy. Australia's National Hydrogen Strategy sets a vision for a clean, innovative, safe and competitive hydrogen industry that benefits all Australians. It aims to position the industry as a major global player by 2030. Read Australia's National Hydrogen Strategy. Establishing offshore renewable energy ...
A recent study by Griffith Hack of the Australian Patent Office records, identified nearly 8000 active oil and gas patents for inventions in the field of drilling and refining alone.
Australia has joined the G7 in implementing a price cap on Russian oil. On 2 December 2022, G7 countries plus Australia agreed to the price cap of USD 60 per barrel of seaborne Russian-origin crude oil. The price cap is designed to maintain a reliable supply of oil to the global market while reducing the revenue Russia earns from oil.
Australia's abundant natural resources have led to a highly valued oil and gas extraction industry, with investment from local and international companies. These include multinational ...
The Australian refining industry produces efficiently and economically nearly all of Australia's requirements of petroleum products. But at present some 90 percent of the raw material is imported, from the Middle East and Indonesia. In an attempt to overcome dependence on foreign supplies, the Commonwealth government heavily subsidises oil …
An ambitious national strategy, backed by robust fuel-efficiency standards, is vital for decarbonising Australia's road transport. It will also improve air quality and reduce our dependence on ...
The Australian Government is boosting the nation's long-term fuel security by taking advantage of dramatic falls in global oil prices and building on our historic agreement with the United States to access their Strategic Petroleum Reserve (SPR).
Australian refineries import roughly 83% of the crude oil they process from more than 17 countries, mainly in Asia (40%), but also Africa (18%) and the Middle East (17%).
The Future Gas Strategy outlines the Australian Government's medium and long-term plan for gas supply, demand and emissions reduction. ... We are seeking feedback on proposed changes to the Offshore Petroleum and Greenhouse Gas Storage (Safety) Regulations 2009. Submissions are welcome until 2 October 2024.
The Strategy commits Australia to continued overseas exportation of gas in the form of LNG, including to Japan and Korea (which are countries that rely on Australian LNG as …
The announcement of Australia's Future Gas Strategy came just one day after the European Union's Copernicus Climate Change Service released data showing that the global average temperature for ...
The Future Gas Strategy is our plan for gas production and consumption in Australia. The strategy explains the principles the Australian Government will use to guide policymaking about gas to support the transition to net zero. The strategy is an evidence …
The Australian Government has released a medium and long-term strategy that establishes the role gas will play in the transition to net zero by 2050, securing …
Despite these disruptions, global oil demand remains on track to grow by 2.3 mbpd in 2023 and cross the 100 mbpd mark for the first time in history. 3 At a global level, electric vehicle (EV) sales grew by over 35% in 2023, with one in seven cars sold being an EV. 4 This simultaneous growth in both petroleum-powered vehicles and EVs reflects …
For a country such as Australia, with limited reserves of offshore oil and difficult-to-exploit onshore oil, farming our own fuel makes sense. It would provide opportunities for agricultural development and diversification, reduce our dependence on imported oil that is at risk of geostrategic disruption, and allow us to fill those extra …
Saudi Arabia has directed its national oil company, Saudi Aramco, not to exceed a production cap of 12 million barrels per day, marking a strategic shift in its oil policy and signaling the end of ...
The Australian Government has released a medium and long-term strategy that establishes the role gas will play in the transition to net zero by 2050, securing affordable gas for Australia as we move to a more renewable grid, ... Australia's Future Gas Strategy Australia's Future Gas Strategy. 9 May 2024.
The Australian government's new Future Gas Strategy presents an optimistic long-term outlook for gas, but IEEFA research raises questions over the strategy's claims. Analysis by IEEFA suggests any supply gap in Australia's domestic gas market would be better met by targeted measures to reduce residential and industrial …
The View from Australia: Strategic Competition in the Indian Ocean ... a third of the world's bulk cargo and two-thirds of global oil pass through its sea lanes. But our engagement in the Indian Ocean region compared to the Pacific, Southeast- and Northeast-Asia, has been much patchier over the years, because of a range of factors: the region ...
Australia's energy producers endorsed a government strategy to boost natural gas development, but warned the country still faces new gas supply shortfalls this decade while markets remain volatile ...
In November 2022, I was honoured to be asked by the Prime Minister to lead the development of a national strategy for greater trade and investment between Australia and Southeast Asia. Australia's prosperity and security is intimately linked to the prosperity and security of its neighbours, and their security and prosperity is similarly linked ...
Santos' 2024 Half-year Results webcast was held at 11am AEST on Wednesday 21 August 2024
Woodside Energy Group has released its financial results for the half-year ended June 30, 2024, showcasing robust performance and strategic growth initiatives. The Australian energy giant reported a net profit after tax of $1,937 million and an underlying net profit after tax of $1,632 million.
Australia has announced it will ramp up its extraction and use of gas until "2050 and beyond", despite global calls to phase out fossil fuels. ... call for "huge declines in the use of coal, oil ...
Why the oil shock will be different this time for Australia. The Ukraine crisis will boost Australian inflation as in other countries. But as an exporter of commodities, …
One of the nation's most powerful industry groups, with a membership that accounts for about 95 per cent of Australia's oil and gas producers, 80,000 jobs and $92 billion in LNG export revenue ...
The Australia oil and gas market size reached a volume of 157.61 thousand barrels in 2023. The market is further projected to grow at a CAGR of 1.3% between 2024 and 2032, reaching a volume of 177.74 thousand barrels by 2032.
The onshore petroleum regimes in Australia start from a fundamental position of treating unconventional gas resources in the same manner as conventional petroleum resources. ... All proposals are required to comply with Strategic Regional Land Use Policy, which the NSW Government introduced in 2012 to better manage the …
Australia is taking positive steps to increase its climate and clean energy ambitions. The International Energy Agency has reviewed Australia's progress and recommends that it continues to strengthen its …
The role of gas will change as we reach net zero in Australia by 2050. The Future Gas Strategy sets out the Australian Government's plan for gas production and consumption while our economy transitions to net zero. The strategy aims to: support decarbonisation of the Australian economy ; safeguard energy security and affordability
Australia's Future Gas Strategy provides insights for the U.S. to navigate policy uncertainty and harness the potential of natural gas for energy security and climate goals.
is consistent with Australia's international obligations for emissions and sustainable development. The Future Gas Strategy initiatives will also need to be consistent with the broader Environment Protection and Biodiversity Conservation Act 1999 (Cth) reforms proposed under the Australian Government's Nature Positive Plan. In …
