Skip to main content

Good news and bad news for Australian oi...

We have just released the March EnergyQuarterly report, which brings together all of the statistics on Australasian oil and gas reserves and production for 2014, together with analysis of the latest developments. Overall petroleum production reached record levels in 2014 and spending on new LNG projects continued at elevated levels as new projects near completion. […]

Queensland LNG watching

The BG LNG Carrier Methane Rita Andrea started loading at Gladstone on 28 December, the first Queensland LNG cargo. The upstream fields Berwyndale South, Kenya, Ruby Jo and Bellevue are doing more than 500 TJ/d currently so if all is going well we should see the Rita Andrea depart in the next few days, to […]

Oz LNG doom and gloom #1

There was lots of media excitement in Australia this week to the news that British Columbia was reducing its proposed LNG export tax from 7% to 3.5%. Woe is us! However the Australian export tax is already zero. BC also has a C$30/tonne carbon tax. Australia’s is now zero too. More on this in our […]

Oz LNG doom and gloom #2

There are media reports today that the oil price slump is a threat to Australian LNG projects. The fall is unlikely to have an impact on existing projects, which have contracts they have to fulfil. They need to ramp up as quickly as possible to start earning cash so there is unlikely to be a […]

Queensland CSG another Broken Hill

Visiting Broken Hill over the Anzac Day long weekend stimulates some interesting comparisons. Broken Hill, discovered in the 1880s, was one of the world’s great mineral discoveries and certainly one of Australia’s greatest. It was where BHP Billiton started and also played a major role in the growth of Rio Tinto, to name just two […]

Refinery closures do reduce transport fu...

Closure of Australian refineries does have implications for security of transport fuel supply.Yesterday BP announced the closure of Brisbane’s Bulwer Island refinery from 2015. The general commentary has been that this won’t affect Australian transport fuel security because most crude oil refined in Australia is imported. However the crude oil processed in Australian refineries is […]

Where’s the frack?

How many places in the world have either a temporary or permanent ban on fracking? Surprisingly few. According to the March 2014 issue of the Journal of Petroleum Technology it is just: Quebec, Canada New York State Cuba Bulgaria Czech Republic France Germany Italy Netherlands Cantabria, Spain Fribourg, Switzerland Victoria, Australia If there are any […]

Trying to stop onshore gas development i...

Trying to stop onshore gas development in NSW and Victoria is an environmental own goal. The main difference between power generation in Queensland on the one hand and NSW and Victoria on the other is greater use of gas in Queensland (18% in Queensland in 2012 compared with 6% in NSW and 3% in Victoria). […]

What happened to Australian gas prices i...

While there is no doubt that Australian wholesale gas prices are increasing significantly, particularly on the east coast, most gas is still being sold under historic contracts at relatively low prices. Based on gas prices realised by major producers on east and west coasts we estimate that the average Australian 2013 wholesale gas price was […]