Australia Oil Strategy

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Executive summary – Australia 2023 – Analysis

The government and state-owned energy RD&D budget peaked in 2013 at AUD 1 124 million, but dropped thereafter before reaching AUD 460 million in 2021. By international …

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2024 National Defence Strategy and 2024 Integrated …

The NDS sets out the Government's approach to address Australia's most significant strategic risks based on the concept of National Defence. The adoption of National Defence will see a Strategy of Denial become the cornerstone of Defence planning and means the Australian Defence Force (ADF) will transition to an integrated, focused …

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Australia's fuel reserves don't have to keep running on empty

Australia's inability to meet minimum IEA requirements speaks to the broader energy resilience problem and was a likely factor behind the Morrison government's three-part fuel security package. The package included the 2020 decision to store $94 million of oil in the US Strategic Petroleum Reserve. While that was welcome, the fuel is stored ...

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Oil | Australia's Energy Commodity Resources …

Innovative exploration technologies and strategies are being developed, extending exploration within proven hydrocarbon-bearing basins as well as targeting frontier regions. ... The majority of Australia's energy imports …

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Invested: Australia's Southeast Asia Economic Strategy to …

In November 2022, I was honoured to be asked by the Prime Minister to lead the development of a national strategy for greater trade and investment between Australia and Southeast Asia. Australia's prosperity and security is intimately linked to the prosperity and security of its neighbours, and their security and prosperity is similarly linked ...

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Australia's Future Gas Strategy | Ministers for the …

Australia's Future Gas Strategy. 9 May 2024. The Australian Government has released a medium and long-term strategy that establishes the role gas will play in …

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National Quantum Strategy

The National Quantum Strategy is the Australian Government's plan to grow the quantum industry in Australia. The strategy sets out a long-term vision for how Australia will take advantage of the opportunities of quantum technologies. Through the strategy we will: invest in, connect and grow Australia's quantum research and industry …

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Our activities in Australia

Activities in Australia focus on the exploration, development and production of hydrocarbons and natural gas, and the renewable energy market. The Katherine photovoltaic plant, located in the Northern Territory, contributes to meeting the federal state's target of producing 50% of energy from renewable sources by 2030.The solar …

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Security in doubt as Australia's aging oil refineries shut down

According to an Australian Strategic Policy Institute report, the fact that domestic oil production and refining capacity falls short of local demand means that Australia is, at least to some ...

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Australia needs to step up in the western Indian Ocean

Maritime operations and capacity building in the western Indian Ocean must be factored into Australia's maritime strategy. ... But there is a catch: those imports are of refined fuel, because all but two Australian oil refineries have closed. South Korea, Singapore and Malaysia all import most of their crude oil from the Middle East, so any ...

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Top 36 largest Australian Oil & Gas E&P Companies 2024

Top 36 largest Australian Companies in the Oil & Gas E&P industry by Market Cap. This is the list of the largest public listed companies in the Oil & Gas E&P industry from Australia by market capitalization with links to their reference stock.

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Australian gas companies need a new strategy as they …

Two main strategic options are available for Australian oil and gas companies to try and succeed in this new context: "divest quickly" (sell their business in its early stages of the decline to maximise investment recovery); or "harvest" (cut costs and investments to maximise cash flow before selling or liquidating the business).

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Trading Made Personal | Errante

Errante Trading LLC is incorporated in Saint Vincent and the Grenadines and domiciled in Antiqua and Barbuda as an International Limited Liability Company with registration number ILLC002.

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About Us | Australis Oil & Gas

In 2000 he joined Woodside Petroleum, a large Australian oil and gas company, where he held various senior corporate and commercial positions. In 2005, Mr Bult assumed the position of Commercial Manager for Cape Energy, a private oil and gas company that held assets in Australia and an interest in the Galoc offshore oil field development in the ...

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About Australian Energy Producers

We are pleased to share with you the gas industry's strategic plan for economic and energy security ahead of this month's Queensland election. ... oil, gas and lower-emission fuels. ... Australian Energy Producers. Back to Top. Contact Us. ACN: 000 292 713 ABN: 44 000 292 713

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Rules and regulation of the oil and gas industry: navigating …

The onshore petroleum regimes in Australia start from a fundamental position of treating unconventional gas resources in the same manner as conventional petroleum resources. ... All proposals are required to comply with Strategic Regional Land Use Policy, which the NSW Government introduced in 2012 to better manage the …

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Australia's oil and gas industry delivers record tax contribution

The Australian oil and gas industry is set to deliver a record $17.1 billion in taxation revenue to federal, state and territory governments for the 2023-24 financial year, according to a survey by Australian Energy Producers. ... McCulloch reinforced the federal government's Future Gas Strategy, which recognises the crucial role of gas in ...

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Australian government has questions to answer …

The supply outlook for gas is unlikely to materially change without significant investment in new exploration, a point acknowledged in the Future Gas Strategy. Oil and gas exploration expenditure in …

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DECARBONISING AUSTRALIA'S ECONOMY: THE FUTURE …

Australia's Future Gas Strategy was released on 9 May 2024 ... Minister King estimates that in respect of Australia's offshore oil and gas industry, the Australian Government …

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A Global Energy Pioneer

Santos' 2024 Half-year Results webcast was held at 11am AEST on Wednesday 21 August 2024

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Why the oil shock will be different this time for Australia

Ed Shann. Mar 8, 2022 – 2.38pm. In the 1970s, the OPEC supply oil shock raised inflation and cut real incomes. The Chinese demand boom after 2000 raised Australian inflation …

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VALARIS 107 joins Bass Strait decommissioning strategy

The VALARIS 107 will join Esso Australia's fleet of offshore assets in Q4 2024 as part of the company's Bass Strait decommissioning strategy. This decommission comes as part of Esso Australia's way of managing the decline in Bass Strait oil and gas production as it makes the transition from oil and gas to natural gas.

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Australia imports almost all of its oil, and there are pitfalls …

Australian refineries import roughly 83% of the crude oil they process from more than 17 countries, mainly in Asia (40%), but also Africa (18%) and the Middle East (17%).

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Australia's energy strategies and frameworks

Australia's National Hydrogen Strategy. Australia's National Hydrogen Strategy sets a vision for a clean, innovative, safe and competitive hydrogen industry that benefits all …

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Australia: oil reserves 2020

At the end of 2020, Australia had 2.4 billion barrels worth of oil reserves as opposed to 3.8 billion barrels in 2010.This was the lowest worth of oil reserves in the nation since 2010.

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A question of balance: Australian Government announces …

On 9 May 2024, the federal government released its Future Gas Strategy, a framework mapping out Australia's plan for how gas production and consumption will support the …

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Australia Oil

Australia consumes 1,114,645 barrels per day (B/d) of oil as of the year 2016.; Australia ranks 20th in the world for oil consumption, accounting for about 1.1% of the world's total consumption of 97,103,871 barrels per day.; Australia consumes 1.92 gallons of oil per capita every day (based on the 2016 population of 24,329,963 people), or 702 gallons …

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U.S. And Australia Strengthen Fuel Security With New SPR …

WASHINGTON, D.C. – Today, the United States and Australia have signed a milestone arrangement that lays the groundwork for Australia to lease space in the U.S. Strategic Petroleum Reserve (SPR) to store and access Australian owned oil, strengthening international energy security and resiliency. The Arrangement will allow …

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Australia Oil

Our three strategic pillars – oil, gas and new energy – each have an important role to play in our future. Learn More Operations Operations Pluto LNG; North West Shelf; Australia Oil; ... Australia oil assets. Greater Enfield. Play video The Greater Enfield Project 3.51 Greater Enfield Key stats. 12. subsea wells. 31 km subsea tie-back to ...

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this strategy will assist in maintaining Australia as one of the best countries in the world in which to explore for petroleum resour ces. Senator Nick Minchin Minister for Industry, Science and Resources Australian Offshore Petroleum Strategy Australian Offshore Petroleum Strategy In June 1998, the Commonwealth Government announced a …