2010 PESA industry review–exploration

2011 ◽  
Vol 51 (1) ◽  
pp. 147
Author(s):  
Ciaran Lavin ◽  
Terry Walker ◽  
Yvette Knowles
Keyword(s):  
Global Economy ◽  
Oil And Gas ◽  
Commodity Prices ◽  
Oil And Gas Industry ◽  
Gas Industry ◽  
Seismic Surveys ◽  
Extensive Coverage ◽  
Primary Driver ◽  
Exploration Drilling ◽  
Northwest Australia

An uncertain global economy, offset by strong commodity prices, provided the backdrop to a subdued yet solid level of exploration activity in 2010. The major loci of activity in the Australian oil and gas industry were the Exmouth Plateau, where exploration for conventional gas in support of LNG projects was the primary driver, and the Bowen/Surat Basin, where coal seam gas (CSG) for LNG was the main target. Onshore permit awards dominated new licensing in 2010, with 31 exploration permits awarded over an area of 190,000 km2. The majority of these permits are focused on unconventional gas exploration. Conversely only 14 exploration permits (30,000 km) were awarded offshore, all in northwest Australia. This historically low level can be related to an already extensive coverage of existing permits in the offshore petroleum provinces and delays in the announcement of acreage awards from the 2009(II) acreage release. Twenty-nine 2D seismic surveys were started in 2010, with three still active at the end of the year. Once completed, the 2010 surveys will total nearly 37,000 km of data, with 76% offshore. Twenty-one 3D seismic surveys commenced in 2010, with six still active at year end. The 2010 surveys will ultimately comprise approximately 29,000 km2 of data, with 95% offshore. Northwest Australia dominated seismic activities. Exploration drilling for conventional hydrocarbon resources was relatively subdued in 2010, with 63 wells spudded, compared to 92 wells in 2008 and 74 in 2009. Of the 49 wildcat wells where results are known, 51% reported hydrocarbon discoveries. This was a little less than the 57% in 2009 and up on the 39% in 2008. The discoveries were distributed across most of the traditional petroleum provinces. High levels of CSG drilling continued in 2010, exceeding 2008 activity but less than that of 2009. At least 648 CSG wells were spudded in 2010, mostly in the new heartland plays of the Bowen/Surat, Gunnedah and Clarence-Moreton basins. This compares with more than 600 CSG wells drilled in 2008 and more than 900 in 2009. The first dedicated Australian shale gas exploration drilling took place in 2010. Emerging shale plays in the Cooper and Perth basins were tested.

Energy and Environment

2020 ◽  
pp. 185-206
Author(s):  
Kenneth P. Miller
Keyword(s):  
Renewable Energy ◽  
Global Economy ◽  
Fossil Fuels ◽  
Oil And Gas ◽  
Renewable Energy Sources ◽  
Oil And Gas Industry ◽  
Environmental Policies ◽  
Federal Law ◽  
Gas Industry ◽  
Energy And Environment

This chapter examines the deep Texas-California divide over energy and environmental policies. The modern Texas economy was built on energy, and the state remains the nation’s leading producer. The state’s development of fracking has revolutionized the oil and gas industry and has helped the nation break its dependence on foreign oil. Texas has also increased its production of renewable energy, but believes the global economy will rely for the foreseeable future on fossil fuels and resists restrictions on these resources. California, by contrast, has become a global leader in the fight against climate change. It has aggressively regulated carbon emissions and mandated a massive switch to renewable energy sources. California is the only state that can impose emissions regulations more strict than federal standards. As power has shifted in Washington, California has alternated between translating its environmental policies into federal law and defending its policies from federal challenge.

VARIABILITY OF ORE MINERALIZATION IN THE NORTH-WEST-TRENDING EXTENSIONOF THE LUBIN–SIEROSZOWICE DEPOSIT

2017 ◽  
pp. 109-0 ◽  
Author(s):  
Sławomir OSZCZEPALSKI ◽  
Andrzej CHMIELEWSKI ◽  
Stanisław SPECZIK
Keyword(s):  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Core Material ◽  
Gas Industry ◽  
Sulphide Mineralization ◽  
North West ◽  
The North ◽  
Ore Mineralization ◽  
Exploration Drilling ◽  
Drill Holes

The Polish Geological Institute – NRI has conducted investigations of the Kupferschiefer series since 1957, when the giant sediment-hosted stratiform Cu-Ag ore deposit was discovered in the central part of the Fore-Sudetic Monocline. Until 1991, a number of drilling programs were completed by PGI-NRI and later research has been focusing mainly on cooperation with oil and gas industry and their core material. Over the last few years, thanks to systematic examination of the drill holes located in the north-western extension, many prospective areas have been recognized and delineated. These prospects are located between Lubin-Sieroszowice deposit and the eastern part of the Zielona Góra oxidized field. In the Kożuchów area, the lower part of Zechstein copper-bearing series contain only relict sulphide mineralization accompanied by iron oxides while reduced rocks with metal sulphides occur in the uppermost part of Zechstein Limestone or at the base of Lower Anhydrite. Grochowice area, where reduced facies prevail in copper-bearing series, is characterized by the predomination of rich Cu-Ag mineralization proximaly to oxidized area. The western part of studied area is dominated by Cu-S type sulphides (chalcocite, digenite, covellite) whereas the eastern part is represented by Cu-Fe-S type minerals (bornite, chalcopyrite) with high galena and sphalerite concentrations. The spatial variability of sulphide mineralization with respect to the oxidized rocks indicates that Bytom Odrzański deposit extends in the north-west direction, continuing in the form of a copper belt along the eastern border of the oxidized area. An extensive deep exploration drilling program is implemented to verify the resource potential within predicted copper belt.

Business environment review 2020

2021 ◽  
Vol 61 (2) ◽  
pp. 347
Author(s):  
Simon Molyneux
Keyword(s):  
Carbon Emissions ◽  
Oil And Gas ◽  
Supply And Demand ◽  
Petroleum Industry ◽  
Commodity Prices ◽  
Oil And Gas Industry ◽  
Business Environment ◽  
Gas Industry ◽  
The Impact ◽  
Oil Gas

The petroleum (oil, gas and LNG) business environment in 2020 was adverse. Two factors disrupted the foundations of the global oil and gas industry. First, the COVID-19 global pandemic caused an unprecedented reduction of demand that combined with high levels of production resulted in oversupply of oil, gas and LNG. This gap between supply and demand resulted in a collapse in commodity prices, reduced revenues and cancelling or deferral of investment. Second, societal awareness of the impact of climate change on planet Earth increased. Pressure to reduce carbon emissions and a concomitant societal-shift against carbon-emissions intensive petroleum-based forms of energy generation intensified. Many major players in the petroleum industry re-framed their strategies to focus on energy supply in general and in some cases plan to cease their exploration, development and production activities in the coming decades. In Australia, in part global factors manifested in the deferral of investment decisions on three LNG investments. The Australian Government signalled that gas developments would be a critical part of Australia’s post-COVID recovery and that management of abandonment and decommissioning liabilities would be a factor in the approval of transactions leading to a change in ownership. This paper will describe each of the factors faced by the industry in 2020 and frame the issues facing the petroleum industry in 2021 and beyond.

Survive, Revive, Thrive: Chapter 5: Steering by the Stars

2021 ◽  
Vol 73 (02) ◽  
pp. 8-9
Author(s):  
Tom Blasingame
Keyword(s):  
Global Economy ◽  
Oil And Gas ◽  
Essential Element ◽  
Career Mobility ◽  
Oil And Gas Industry ◽  
Energy Component ◽  
Gas Industry ◽  
Young Professionals ◽  
Talented People ◽  
Lower Carbon

The purpose of life is to discover your gift. The work of life is to develop it. The meaning of life is to give your gift away. - David S. Viscott, American psychiatrist Steering by the Stars History is a guide to navigation in perilous times. History is who we are and why we are the way we are. - David McCullough, American historian I recently read a “thought piece” in a major magazine that was a fictional account of how a new CEO would address his or her company’s employees while simultaneously restructuring the company’s units to deal with the pandemic. The fictitious CEO focused on prioritizing two things: treating the employees with respect while rewarding their loyalty and contributions and taking the necessary actions to maintain and improve engagement and sales for the company’s customers. This story is a reminder of the effect the pandemic has on businesses - all businesses. When the need to hire, utilize, and retain the very best talent is absolutely essential, do talented people really need to be micromanaged and endlessly evaluated? Or should we have the confidence to let them do their jobs? As I have mentioned in past columns, we (the big we - the oil and gas industry) will emerge leaner and a lot meaner when this storm finally passes. Employment, promotions, career mobility, and access to capital will become much more competitive. Our next generation, the students, need to understand and accept this. Young professionals need to realize that being a best-in-class performer may not be an option, and yes, layers of management will disappear as we rely on people to self-motivate and self-optimize their performance. We must also focus on what our customers want, namely energy security, diversity of access to energy, a lower-carbon future, and assurances that we are “walking the walk” on ESG issues. ESG stands for environmental, social, and corporate governance, in case you forgot. Each of these is both desirable and achievable - and need I restate that this is what our customers want? So how do we “steer by the stars?” Start with the obvious: If you can’t see the stars, you may want to wait until you do. Most importantly, this method works - crudely perhaps, and certainly not with the precision or reliability of GPS, but we aren’t trying to thread a needle. We are trying to ensure the significance of our industry and the livelihoods of our people. Understanding how to get where we need to be is the most essential element to getting there. We have the talent, technology, and infrastructure to provide a vital energy component. We need to make sure that we are “steering” toward our customers and toward a future where we continue to make a significant social and economic impact on the global economy.

TRENDS IN THE DEVELOPMENT OF THE OIL AND GAS MARKET AND THE MAIN MEASURES OF STATE SUPPORT AIMED AT THE IMPLEMENTATION OF ARCTIC OIL AND GAS PROJECTS

2021 ◽  
Vol 5 (11) ◽  
pp. 31-38
Author(s):  
Igor V. Selin ◽  
◽  
Mikhail V. Ulchenko ◽  
Keyword(s):  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Gas Production ◽  
State Support ◽  
Gas Industry ◽  
Oil Companies ◽  
Oil Reserves ◽  
Exploration Drilling ◽  
Gas Market ◽  
High Level

This article is devoted to the study of the main trends in the development of the oil and gas market, as well as the transfer of state support aimed at the implementation of Arctic oil and gas projects. The analysis showed that 2020 turned out to be extremely difficult for the oil and gas industry as a whole. The volumes of oil and natural gas production and consumption decreased, and due to a reduction in revenue, large domestic companies began to save on exploration drilling. Given the high level of «depletion» of oil reserves in traditional fields, with an increase in demand, in the short term, domestic oil companies will not be able to quickly increase production volumes and take advantage of favorable market conditions.

Applications of Nanotechnology for Upstream Oil and Gas Industry

2013 ◽  
Vol 24 ◽  
pp. 7-15 ◽  
Author(s):  
Swaminathan Ponmani ◽  
R. Nagarajan ◽  
Jitendra Sangwai
Keyword(s):  
Oil Recovery ◽  
Oil And Gas ◽  
New Technologies ◽  
Oil And Gas Industry ◽  
High Specific Surface Area ◽  
Gas Industry ◽  
Nanosized Materials ◽  
Exploration And Production ◽  
Exploration Drilling ◽  
Promising Solution

Oil and Gas industry is going through a phase where there is an increased demand of energy sources (particularly oil and gas) and reduced production due to mature oilfields. There is a need for new technologies which can help improve production from the reservoir and develop new fields. Nanotechnology offers promising solution for the same. Nanotechnology is the study of science of materials at nanoscale which help in enhancing the performance of processes. Nanoparticles are the nanosized materials in the range of 1-100 nm. Nanoparticles have high specific surface area and unique properties, such as high adsorption potential and heat conductivity. These particles when mixed with base fluids, also called as nanofluids, and used for several application related to upstream oil and gas industry, help improve the performance of several processes. The use of nanoparticle in exploration and production is an attractive tool for petroleum engineers that have been improved by many researchers in recent years. This paper discusses about how the nanotechnology plays an important role in an upstream oil and gas industry which includes exploration, drilling, and completion, production and enhanced oil recovery operation.

THE PECULIARITY OF THE DEVELOPMENT OF THE DIGITAL ECONOMY OF ENTERPRISES AND INFLUENCE ON THE ABILITY TO REFORM THE OIL AND GAS INDUSTRY

2021 ◽  
Vol 2 (11) ◽  
pp. 34-38
Author(s):  
Wang Hao ◽  
Keyword(s):  
Global Economy ◽  
Business Processes ◽  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Digital Economy ◽  
Gas Production ◽  
Gas Industry ◽  
Oil And Gas Production ◽  
Balanced Approach ◽  
Competitive Rivalry

The global economy is more and more in need of energy resources, the alternatives of which are of increasing interest to the world community, while oil and gas production is becoming problematic due to the irrational development of developed and not yet exposed formations. Among the decisions of a confi-dent choice to suppress competitive rivalry for the industry and macroeconomics, they understand a balanced approach to invested capital and optimization of the activities of the operating units. Based on the above factors, the oil and gas industry will quickly master the digitalization of management and business processes. The article discusses the peculiarity of the influence and development of the digital economy of enterprises on the ability to reform the oil and gas industry.

scholarly journals Blockchain technology as a key element in the development of the oil and gas industry

2020 ◽  
Vol 7 (2) ◽  
Author(s):  
Raisa Azieva
Keyword(s):  
Global Economy ◽  
Oil And Gas ◽  
Negative Impact ◽  
New Technology ◽  
Oil And Gas Industry ◽  
Innovative Technology ◽  
Gas Industry ◽  
Blockchain Technology ◽  
Wide Range ◽  
Main Thing

New breakthrough technologies can have a positive or negative impact on the development of the fuel and energy sector. Therefore, the main thing is to evaluate technologies, analyze their suitability for the industry and determine priorities for future opportunities, i.e., identify technologies that provide new advantages for the energy world, and determine how, when and how their impact will become tangible. In this regard, researchers have determined that the innovative technology of the XXI century, recognized to transform the national and global economy is the blockchain technology. The article provides an overview of blockchain technology, defines the principles of its operation and possible applications, i.e., identifies the mechanism of action of the revolutionary system, as well as presents the players of the oil and gas industry to launch blockchain technology and identifies the advantages of innovative technology used in the oil and gas sector. It is determined that on the basis of the new technology, it is possible to create a single network for digitizing all interaction processes and automating them. The study also shows that the scope of application of blockchain in the oil and gas business is much broader, which determines the possibility of further consideration of a wide range of the need for the use of blockchain technology for the oil and gas industry, as well as its impact on the development of oil and gas companies.

Prospects for Energy Markets and Investment in Traditional Oil & Gas

2020 ◽  
Vol 1 (2) ◽  
pp. 174-178
Author(s):  
Jon Fitzpatrick ◽  
Andy Hartree
Keyword(s):  
Energy Demand ◽  
Global Economy ◽  
Oil And Gas ◽  
Current Trend ◽  
Oil And Gas Industry ◽  
The Political ◽  
Way Of Life ◽  
Gas Industry ◽  
Behavioural Patterns ◽  
To Come

The oil and gas industry is facing as hostile an environment as it ever has. Already under increasing pressure from a highly vocal environmental lobby, precious sources of capital from all angles were already turning their backs on the industry when COVID-19 struck. The pandemic has provoked a further two-pronged attack on the industry. First, it dealt a huge blow to energy demand, as lock-down grounded economic activity, before driving what are likely to become long-term changes to our behavioural patterns with material consequences on global energy demand. Secondly, and perhaps more worryingly, the COVID-19 experience has given the impression that we can already live without the industry, encouraging the anti-industry lobby yet further. However, we cannot escape the fact that we are set to rely fundamentally on the oil and gas industry for decades to come. The challenge for the industry is in part to react to the reality of the political environment, evolving the way it operates to show it can deliver the necessary ESG-focused goals, but also to demonstrate that the industry remains a fundamental part of our global economy – our way of life: we need the industry, and the industry needs investment. COVID-19 did not start the debate, but has been a massive catalyst in raising the awareness of the issues. Through its direct impact on the economics for the industry, as well as helping increase the political pressure on it, the pandemic has increased the threat the industry faces in trying to fund itself sustainably. While many traditional investors count themselves out, the opportunity is opening up for those who recognise the importance of the industry and are prepared to buck the current trend.

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