With 12.1 Tcm of virtually untouched technically recoverable shale gas reserves, it's easy to understand why many in the oil and gas industry consider Australia the last frontier for exploration and production. World-class prospects like Cooper, Canning and Perth Basins are drawing attention – and investment – on a global scale. And that's just half the story.
Already an enviable LNG exporter, Australia has a significant head start on launching new CSG-LNG facilities on the eastern shores of Queensland. With close proximity to lucrative Asian markets, Australia is poised to assert itself as the number one producer of LNG globally in the coming years.
Hart Energy's DUG Australia conference and exhibition has emerged as the premiere industry event covering the country's conventional and unconventional onshore oil and gas activities. REGISTER TODAY to join 500+ industry professionals, 25 executive-level speakers and 40+ exhibitors and sponsors for over 25 world-class presentations.
87% of past attendees would recommend DUG Australia to a colleague
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The Energy Business Is ‘Living Dangerously’ In A Changing World PITTSBURGH—The years 2015 and 2016 could be “years of living dangerously” as the world’s energy business goes through dramatic shifts, investment banker and author Tom Petrie told attendees at Hart Energy’s DUG East conference on June 25.
Multiple political and military trends, coupled with the stunning rise in U.S. crude oil and natural gas production, are occurring at the same time. That makes the worldwide energy industry particularly uneasy now, Petrie said.
There are “shifting geopolitical dynamics” happening, particularly in the Middle East and Asia. Russia and China are creating an uneasy alliance, in part due to the West’s economic embargoes set following Russia’s invasion of Ukraine, Petrie said. China, meanwhile, “is transitioning from an export-driven economy to greater, consumer-driven economy while ensuring a one-party rule—a rather important change.”
Wood Group Buys BETA Machinery Analysis BETA, which focuses on the topsides, utilities, refineries and facilities sector, employs about 100 people across its Canada, U.S., China and Malaysia locations, a news release said.