Last time crude prices crashed, E&P companies cut operations and investment, with knock-on effects on oilfield service contractors, many of whom reduced headcount, went bankrupt or merged. Once again, history is repeating itself. Baker Hughes September U.S. rig count saw just 898 active rigs, a reduction of 150 from this […]
China is the world’s second largest importer of LNG after Japan and an important customer for U.S. LNG. For example, this year between January and August, China purchased 1.6 of the 14.9 million tonnes of U.S. LNG, according to Thomson Reuters’ data, but Sept. 24 marked the start of President […]
Oil and gas Floating Production Storage and Offloading (FPSO) vessels have opened up hydrocarbon reserves too deep for the reach of rigs and often too far from seabed pipelines and coast… The current population of over 270 oil FPSOs and four mega LNG floating production and storage units, harvest oil […]
Queensland’s mining companies and its government are facing the huge challenge of rehabilitating some 15,000 abandoned mines of which 300 are classified as medium size to mega-large.
Nicholas Newman Petroleum Review December 2016 Australia and the US have accounted for 75% of the 260tn cf gain in proven gas reserves since 2005, according to BP figures. A decade-long investment boom in as exploration and development, coupled with investments in LNG export processing facilities, have turned Australia into a significant exporter. And there is more to come […]