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 >>
Potentially Producible Gas Hydrates Found In Bay Of Bengal In a July 25 press release, the United States Geological Survey (USGS) said there are large amounts of potentially producible gas hydrates in the Bay of Bengal, in the first discovery of its kind in the Indian Ocean that could be producible.The USGS assisted the government of India on the discovery through the Indian National Gas Hydrate Program Expedition 02, which was the second joint exploration for gas hydrate potential in the Indian Ocean.Ocean drilling, conventional sediment coring, pressure coring, downhole logging and analytical activities were conducted to assess the geologic occurrence, regional context and characteristics of gas hydrate deposits offshore India.
Report: Drilling Project Full Of 'Red Flags' Involved Venezuela, Colombia Even for Venezuela's notoriously opaque economy, it was a sweetheart deal that went too far. Last August, state oil company Petroleos de Venezuela SA (PDVSA) issued one of its largest tenders in recent years: a multibillion-dollar project in the Orinoco Belt, the world's largest crude reserve. The project was designed to shore up the OPEC member country's stagnating oil production and ease an economic crisis.Then, out of the blue, Trenaco, a tiny Colombian trucking and trading firm with no relevant experience, beat global industry leaders to win the contract, worth around $4.5 billion according to one PDVSA document. Alarm bells rang among PDVSA's foreign partners, which include Chevron Corp. (NYSE: CVX) and Russia's Rosneft .