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 >>
Niger Delta Greenland Militants Attack Pipeline As Others Cease Hostilities A militant group said on Aug. 30 it attacked a pipeline operated by a subsidiary of Nigeria's state oil company in the country's southern Delta region, just a day after the most prolific rebel group in the restive energy hub said it had halted hostilities.OPEC member Nigeria has seen its oil output fall by about 700,000 barrels a day (Mbbl/d) to 1.56 MMbbl/d due to attacks on oil pipelines in the southern energy hub, home to much of the country's oil and gas wealth, since the start of the year.The Niger Delta Greenland Justice Mandate said it attacked the Ogor-Oteri Pipeline in Delta state, operated by Nigerian Petroleum Development Co. (NPDC) and Nigerian energy company Shoreline, at around 3:00 a.m. (0200 GMT) on Aug. 30.
Petrobras Will Gain $11 Billion By Selling Carcara Stake To Statoil The sale of a stake in Carcara, the giant Brazilian offshore oil prospect, to Norway's Statoil ASA (NYSE: STO) will gain Brazil's state-led oil company Petrobras as much as $11 billion to pay debt or invest in other projects that promise to generate cash more quickly, Petrobras' CEO said on Aug. 30.Petrobras sold its 66% stake in the prospect in July for $2.5 billion. But the sale will also free it from the need to invest its share of the area's estimated $12 billion to $13 billion development cost, CEO Pedro Parente told reporters in Stavanger, Norway. That cost would total $7.9 billion to $8.6 billion."First of all we are in a period where we need cash," Parente said. "Another issue here is that Carcara is not close to the other fields we have, so by not being close to the fields we would not be able to use the synergies we can use when developing other fields that are closer."