With Australia's energy portfolio is transforming amid global interest in onshore resource plays. This July, the 3rd annual DUG Australia conference and exhibition united 250+ attendees and 40+ exhibitors and
sponsors for targeted discussions on current opportunities and the future of Australia's onshore oil and gas and LNG sectors. While many acknowledged facing challenges in this phase of the business cycle, the group remained bullish on the vast potential for the nation's onshore resource plays. In addition, discussions featured presentations combining lessons learned from North America with new insights on
existing Australian reservoirs.
The event's world–class speaker lineup featured leaders from top producers in Australia and beyond, including Santos, Strike Energy, Senex Energy, Armour Energy and others. Presenters discussed investment opportunities, economic forecasts, drilling prospects, and recent developments in LNG. With hours of networking opportunities built into the event, attendees had ample time to connect and discuss everything they learned in the conference sessions.
The conference may be over, but the conversation isn't! Find out what other attendees and exhibitors are saying on Storify. We would love to hear about your experience too.
Houston-based Hart Energy, information provider to the energy industry, and its Oil and Gas Investor Australia franchise, have been named the Global Media Partner for LNG 18, the International Gas Union's 18th International Conference and Exhibition on Liquefied Natural Gas – set for 11-15 April 2016 in Perth, WA. Learn more >>
Tullow Will Not Halt Ghana Oil Output Despite Damaged Ship Tullow Oil is set to announce on June 29 how it will repair a ship that is a hub for its most important oil field, and is likely to recommend a fix that will allow output to continue, instead of suspending it for a year, officials said.The 'spread mooring' solution would mean Tullow avoids the need to tow the vessel from its position in the Jubilee Field off the coast of Ghana for repairs at a port such as Singapore or Rotterdam, which might take up to a year.Spread mooring would involve using anchors or buoys to replace the tug boats, which currently hold the ship steady at what one analyst said was a cost of about $10 million a month. This would also enable Tullow to tow the vessel for repair at a later date, if needed. In that case, it could fabricate parts before moving the ship, cutting the period of downtime.
Pulling Up Average Well Performance With efficiency gains accelerating in drilling and completion designs, the biggest opportunity for E&Ps to make headway lies in closing the gap between the top-performing wells and the worst wells in an operating area, according to Toby Rice, president and COO of Rice Energy, who was a featured speaker at Hart Energy’s DUG East conference on June 22.