2011 PESA industry review: production and development

2012 ◽  
Vol 52 (1) ◽  
pp. 89
Author(s):  
Lou Dello
Keyword(s):  
Carbon Tax ◽  
The United States ◽  
Gas Production ◽  
Oil Field ◽  
Low Carbon ◽  
Unconventional Gas ◽  
Hydrocarbon Production ◽  
North West ◽  
Low Carbon Economy ◽  
Development Costs

2011 was a lacklustre year for Australian hydrocarbon production, however a stellar year for LNG development. Domestic gas production was flat despite two new gas developments, Reindeer/Devil Creek and Halyard/Spar, which came into production during the year. Oil production fell, primarily due to the redevelopment of North West Shelf oil facilities, with Kitan in the Timor Sea being the only new offshore oil field that commenced production. LNG production was also flat however, Final Investment Decisions (FID) were announced for five new LNG projects, including Ichthys early in 2012, bringing the combined value of all eight sanctioned LNG projects to more than $180 billion. This is a huge volume of development, not only for the industry but for the whole Australian economy. Importantly, it has also moved Australia closer to becoming the world’s largest LNG producer. Increasing development costs and competition for skilled labour still remain the biggest challenges for the industry. Introduction of the carbon tax was also an important development in 2011, marking a significant step towards a low-carbon economy and increasing the opportunity for natural gas, but also burdening trade-exposed industries like LNG. The success of unconventional gas in the United States and CSG in Australia has sparked a step-change in exploration and development of unconventional gas in onshore Australia. Consolidation in coal seam gas sector continued on the east coast with the two acquisitions of Eastern Star Gas by Santos and Bow Energy by Arrow Energy. Continuing to effectively engage with the community will be central to the industry’s success.

scholarly journals Government Subsidy for Remanufacturing or Carbon Tax Rebate: Which Is Better for Firms and a Low-Carbon Economy

2017 ◽  
Vol 9 (1) ◽  
pp. 156 ◽  
Author(s):  
Tong Shu ◽  
Zhizhen Peng ◽  
Shou Chen ◽  
Shouyang Wang ◽  
Kin Lai ◽  
...  
Keyword(s):  
Carbon Tax ◽  
Government Subsidy ◽  
Low Carbon ◽  
Low Carbon Economy ◽  
Carbon Economy

Recommendation of the Tax Policy of Low-Carbon Economy in China with Reference to the International Comparison of Carbon Emissions

2013 ◽  
Vol 869-870 ◽  
pp. 1024-1028
Author(s):  
De Fa Cai ◽  
Pei Xin Shi ◽  
Ting Xue
Keyword(s):  
United States ◽  
Global Warming ◽  
Carbon Emissions ◽  
Developed Countries ◽  
The United States ◽  
Low Carbon ◽  
Low Carbon Economy ◽  
The World ◽  
Energy Taxes ◽  
Carbon Economy

Currently, the global warming becomes serious and has become the crisis and challenge of all the world. Low carbon economy is the best mode of coping with the global warming and realizing sustainable development of economy and society. At present, The United States is still in the first place of greenhouse gas are worth of using for reference in developed countries. At present, the United States is still the biggest country that exhausts greenhouse gases, such as CO2;however, carbon emissions in China can not be ignored. Recent research indicates that it is valuable to learn from developed countries carbon or energy taxes policy.

Smart Grid and its Application

2014 ◽  
Vol 986-987 ◽  
pp. 533-536
Author(s):  
Yu Wei Li
Keyword(s):  
Smart Grid ◽  
Rapid Development ◽  
The United States ◽  
Developing Strategy ◽  
Energy Structure ◽  
Low Carbon ◽  
The Sustainable Development ◽  
Low Carbon Economy ◽  
The World ◽  
Key Issues

Smart grid could meet the electricity demand against the rapid development of economy and society. The idea to implement smart grid is fully in accordance with the energy developing strategy and it will exert far-reaching impact on the adjustment of energy structure, the sustainable development of society as well as low-carbon economy. Currently, smart grid has attracted wide attention around the world and major countries in the world have been carrying out related researches. This paper describes the background and basic concepts of the smart grid, and takes the United States, European Union and China for example to introduce the development characteristics and typical projects. Besides, this paper analyzes and compares the smart grid in U.S., E.U. and China and gives related suggestions on the key issues of the development of smart grid in China.

scholarly journals The Impacts and Countermeasures of levying Carbon Tax in China under Low-carbon Economy

2011 ◽  
Vol 5 ◽  
pp. 1968-1973 ◽  
Author(s):  
Wei Zhenxiang ◽  
Li Weijuan ◽  
Wang Ti
Keyword(s):  
Carbon Tax ◽  
Low Carbon ◽  
Low Carbon Economy ◽  
Carbon Economy

scholarly journals From Megawatts to Kilowatts: A Review of Small Wind Turbine Applications, Lessons From The US to Brazil

2020 ◽  
Vol 12 (7) ◽  
pp. 2760 ◽  
Author(s):  
Caio Cesar Moreira Chagas ◽  
Marcio Giannini Pereira ◽  
Luiz Pinguelli Rosa ◽  
Neilton Fidelis da Silva ◽  
Marcos Aurélio Vasconcelos Freitas ◽  
...  
Keyword(s):  
United States ◽  
Financial Incentives ◽  
Fossil Fuels ◽  
Public Policies ◽  
Renewable Energy Sources ◽  
The United States ◽  
Lessons Learned ◽  
Power Grids ◽  
Low Carbon ◽  
Low Carbon Economy

Increased use of fossil fuels has contributed to global warming due to greenhouse gas emissions, which has led countries to implement policies that favor the gradual replacement of their use with renewable energy sources. Wind expansion in Brazil is a success story, but its adherence to distributed generation is still a big challenge. In this context, the authors of this paper argue that the development of robust and viable distributed power grids will also depend in the future on improving small wind generation as an important alternative to the diversity of decentralized power grids. In this study, the authors present an overview of the small-sized Aeolic (or wind) energy market in Brazil, with the objective to support the debate regarding its expansion. Promoting the small wind market in Brazil is still a big challenge, but lessons can be learned from the United States. In this context, the article uses the United States learning curve, analyzing barriers that were found, as well as public policies implemented to overcome them. The lessons learned in the American market may guide public policies aimed at fostering this technology in Brazil. If technological improvements, certification and introduction of financial incentives were implemented in Brazil, the small wind industry chain could grow substantially, building a trajectory to promote the low carbon economy.

PESA production and development review 2009

2010 ◽  
Vol 50 (1) ◽  
pp. 121
Author(s):  
Geoff Humphreys
Keyword(s):  
Large Scale ◽  
Investment Decision ◽  
Oil Production ◽  
Gas Production ◽  
Hydrocarbon Production ◽  
North West ◽  
The North ◽  
Near Term ◽  
Total Capacity ◽  
Skills Shortages

Australian hydrocarbon production reached record levels in 2009 due to strong growth in production of LNG from the North West Shelf Venture. Domestic gas production also reached record levels. Coal seam gas production continued to grow, with the continuing development of existing fields and the development of the Kenya and Talinga projects in Queensland. Two new conventional gas projects also came into production: Blacktip in the Timor Sea and Longtom in the Gippsland Basin. However oil production was below that in the previous year, reflecting natural field decline and the absence of large scale projects reaching production. The project sanction highlight of the year was the final investment decision on the $43 billion Gorgon LNG project. This project will comprise three LNG trains with total capacity of 15 million tonnes per annum plus a domestic gas plant. The first gas from this project is planned for 2014. Eight other potential LNG projects are in various stages of front end engineering and design, most targeting final investment decisions in 2010 or 2011. The pipeline of committed and potential LNG projects has a combined value estimated to be well over $100 billion. These projects have the potential to significantly increase Australian LNG production over the next five to ten years. In the near term the start-up of the Van Gogh, Pyrenees and Turrum oil projects are expected to provide some respite from the decline in Australian oil production. Cost estimates for new projects are again escalating and skills shortages in all parts of the project delivery chain threaten the ability to deliver all of the projects under consideration.

2012 PESA production and development review

2013 ◽  
Vol 53 (1) ◽  
pp. 165
Author(s):  
Jeff Jurinak ◽  
Bruce Anderson
Keyword(s):  
Shale Gas ◽  
Gas Production ◽  
Policy Debate ◽  
Development Environment ◽  
Hydrocarbon Production ◽  
North West ◽  
The North ◽  
Schedule Delay ◽  
The Us ◽  
Under Construction

2012 was a pivotal year for Australian petroleum development and production, during a dynamic time in our region, and globally. Australian activity headlines are LNG, the continuing pace and scale of the development of major projects, and record national petroleum production. LNG development in Australia is proceeding apace, with seven sanctioned projects under construction in WA and Queensland. The scale of the major projects underway is being felt with competition for skills, materials and services driving cost inflationary pressures and, coupled with other factors—such as an historically high Australian dollar—has resulted in several announced budget increases and schedule slippages. In addition, the regulatory framework is evolving, as regulators adapt to new industry trends and technologies. Proponents of future developments and expansions will be seeking to sanction in a tougher, but potentially better-informed development environment. Overall, national hydrocarbon production increased to a record high in 2012, attributable to a number of factors, but not least of which was the commissioning and successful start of commercial production of the Woodside-operated Pluto LNG development from the Pluto and Xena fields in the Carnarvon basin. Pluto was the first commissioned project since 2006, and may be viewed as the first of a number of developments that will be coming on-stream in the next few years, and will elevate Australia’s position in the ranking of world LNG production. Adding production from Pluto has allowed Woodside to take the lead position as the highest petroleum producer from BHP Billiton during 2012. Activity is not limited to LNG. Other highlights for 2012 included the opening of the Devil Creek project on the North West Shelf, WA’s third domestic gas hub, with the potential to supply around 20% of the state’s needs. Cost increase and schedule delay is not limited to LNG either, with Yolla mid-life enhancement and the Kipper offshore development facing cost and schedule pressure. In the broader global sphere, the highlight of 2012 is the extraordinary rise of unconventional oil in the US to the point of speculation about future US self-sufficiency. This parallels the rise of US unconventional gas in recent years, with gas supplies exceeding existing domestic demand and driving down the previously high domestic prices. Presently, only one US LNG project is approved for export; however, with an ongoing policy debate in the US about significant gas export verses retention to spur domestic growth, and favourable location of potential US access to the Asian market, the outcome is important for future competition to Australia’s cost-challenged LNG industry. Among this the announcement by Santos of the connection of the first shale gas well in Australia to sales delivery—albeit as an appraisal well—is a notable occurrence as a potential forerunner of shale gas production in Australia.

Technology road map for the low-carbon production of hydrocarbons

2020 ◽  
Vol 60 (2) ◽  
pp. 583
Author(s):  
Clare Anderson
Keyword(s):  
Carbon Emissions ◽  
Oil And Gas ◽  
Gas Production ◽  
Low Carbon ◽  
Intergovernmental Panel ◽  
Hydrocarbon Production ◽  
Oil And Gas Production ◽  
Road Map ◽  
Net Zero

The Paris Agreement, signed in 2016, has the objective of limiting the global temperature rise to 1.5°C to substantially reduce the effects of climate change. To achieve this objective, significant and unprecedented deep cuts in carbon emissions are required, as set out in the Intergovernmental Panel on Climate Change’s special report on Global Warming of 1.5°C released in October 2018. To enable this ambitious target, global reductions in carbon emissions will need to be markedly reduced to an average of net zero by 2050 and, as such, will have profound effects on hydrocarbon (oil and gas) production in the coming decades. This paper presents a road map of opportunities for the reduction of carbon emissions from hydrocarbon production, specifically natural gas. It includes technologies for reducing carbon emissions from process streams and utility streams. A case study is used to illustrate the opportunities, along with a discussion on technology readiness for several options.

Building Blocks for a Low-Carbon Economy: Catalytic Policy and Infrastructure for Decarbonizing the United States by 2050

2021 ◽  
Author(s):  
Devashree Saha ◽  
Greg Carlock ◽  
Rajat Shrestha ◽  
John Feldmann ◽  
Haley Leslie-Bole
Keyword(s):  
United States ◽  
Ghg Emissions ◽  
Building Blocks ◽  
The United States ◽  
Emissions Reduction ◽  
Low Carbon ◽  
Low Carbon Economy ◽  
Working Paper ◽  
Climate Policies ◽  
Net Zero

This working paper identifies key climate policies and investments and estimates their emissions-reduction potential and associated costs, which can enable the United States to reduce economy-wide greenhouse gas (GHG) emissions by 50–52% compared to 2005 levels by 2030 and reach net-zero GHG emissions by midcentury, the goals set by the Biden administration.

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