Unlocking the next wave of Australia’s natural gas resources

2019 ◽  
Vol 59 (3) ◽  
Author(s):  
Kevin Gallagher
Keyword(s):  
Natural Gas ◽  
Carbon Capture ◽  
Waste Heat ◽  
South Australia ◽  
Regulatory Regime ◽  
Oil And Natural Gas ◽  
The Government ◽  
The Right ◽  
And Storage ◽  
Cooper Basin

Australia has no shortage of natural gas resources. Unlocking the wealth of those resources for future generations of Australians is our challenge. On the east coast, manufacturers are crying out for more natural gas supply and support the development of the Narrabri Gas Project to meet their demand and support jobs. In the Northern Territory, we have worked with the government on a new regulatory regime for exploration to enable the drilling of exploration wells in the McArthur Basin – the largest and most promising shale gas opportunity in Australia. As we navigate the future, Santos can rely on a proud and productive past. For more than 60 years we have been caring for the unique environments and precious water resources of the Cooper Basin in Queensland and South Australia. Oil and natural gas from the Cooper Basin has been powering Australia for decades, with thousands of wells safely drilled. Santos has got production growing again in the Cooper, which has resources of almost 300 million barrels of oil equivalent. Preparing for a lower carbon future, the Cooper Basin is also where Santos is this year spending $50 million in projects to reduce our carbon footprint, including deployment of solar energy, waste heat recovery at Moomba and appraisal of carbon capture, utilisation and storage. To view the video, click the link on the right.

LEGAL MECHANISMS FOR STIMULATING THE DEVELOPMENT OF THE OIL AND GAS SECTOR OF THE RUSSIAN ECONOMY

2021 ◽  
Author(s):  
Viacheslav Olegovich Mosalygin ◽  
Keyword(s):  
Natural Gas ◽  
Russian Federation ◽  
Oil And Gas ◽  
Significant Part ◽  
Tax Revenues ◽  
Russian Economy ◽  
Oil And Natural Gas ◽  
The Russian Federation ◽  
The Government ◽  
Oil And Gas Sector

For more than 15 years, a significant part of the budget revenues of the Russian Federation have been tax revenues from the sale of hydrocarbons, in particular oil and natural gas. Despite the desire of our government to minimize its dependence on oil and gas revenues, the government continues to implement measures to encourage both small and large companies by providing some tax-related benefits, thereby encouraging the fields to further develop and expand.

Assessment of Future Sustainable Power Technologies with Carbon Capture and Storage

2008 ◽  
Vol 9 (1) ◽  
Author(s):  
Ioannis Hadjipaschalis ◽  
Costas Christou ◽  
Andreas Poullikkas
Keyword(s):  
Power Generation ◽  
Natural Gas ◽  
Carbon Capture ◽  
Unit Cost ◽  
Carbon Capture And Storage ◽  
Combined Cycle ◽  
Major Power ◽  
Natural Gas Combined Cycle ◽  
And Storage ◽  
Avoidance Cost

In this work, a technical, economic and environmental analysis concerning the use of three major power generation plant types including pulverized coal, integrated gasification combined cycle (IGCC) and natural gas combined cycle, with or without carbon dioxide (CO2) capture and storage (CCS) integration, is carried out. For the analysis, the IPP optimization software is used in which the electricity unit cost and the CO2 avoidance cost from the various candidate power generation technologies is calculated. The analysis indicates that the electricity unit cost of IGCC technology with CCS integration is the least cost option with the lowest CO2 avoidance cost of all candidate technologies with CCS integration. Further investigation concerning the effect of the loan interest rate on the economic performance of the candidate plants revealed that up to a value of loan interest of approximately 5.7%, the IGCC plant with CCS retains the lowest electricity unit cost. Above this level, the natural gas combined cycle plant with post-combustion CCS becomes more economically attractive.

scholarly journals STATEOWNED ENTERPRISE AND PUBLIC SERVICE OBLIGATION IN THE SECTOR OF OIL AND GAS

2018 ◽  
Vol 29 (3) ◽  
pp. 515
Author(s):  
Muhammad Insa Ansari
Keyword(s):  
Natural Gas ◽  
Public Service ◽  
Oil And Gas ◽  
For Profit ◽  
Oil And Natural Gas ◽  
The Republic ◽  
The Government ◽  
Oil And Gas Sector ◽  
Energy Law ◽  
Public Service Obligation

AbstractThe 1945 Constitution of the Republic of Indonesia regulates natural recources in its particular article. Then, the Energy Law and the Oil and Gas Law regulate the state’s control of oil and natural gas. In the sectoral regulations of oil and gas, there is a public service obligation (PSO) which must be assumed by the Government and State Owned Enterprises (SOE). Meanwhile, in the SOE Law introduced entity Perum and Persero. Where in Perum entities carrying out public service, while the Persero entity to assume the role for profit. But in practice found a PSO on the oil and gas sector carried by state-run entities Persero. IntisariDalam Undang-Undang Dasar Negara Republik Indonesia 1945 diatur penguasaan negara terhadap sumber daya alam. Kemudian UU Enegi dan UU Minyak dan Gas Bumi mengatur penguasaan negara terhadap minyak dan gas bumi. Dalam pengaturan sektoral di bidang tersebut juga mengatur kewajiban pelayanan umum yang harus diemban oleh pemerintah dan BUMN. Sementara itu dalam UU BUMN diperkenalkan  entitas Perusahaan Umum (Perum) dan Perseroan Terbatas (Persero). Dimana entitas Perum mengemban peran pelayanan umum (public service), sementara entitas Persero mengemban peran mencari keuntungan (profit oriented). Namun dalam praktek ditemukan kewajiban pelayanan umum pada sektor minyak dan gas bumi diemban oleh BUMN dengan entitas Persero. 

scholarly journals A continuous-time stochastic model to study the abandonment strategy of carbon capture and storage project

2021 ◽  
Author(s):  
Shuhua Chang ◽  
Yu Li ◽  
Yanqin Chang
Keyword(s):  
Continuous Time ◽  
Carbon Capture ◽  
Carbon Capture And Storage ◽  
Stopping Time ◽  
Carbon Price ◽  
The Government ◽  
Hamilton Jacobi Bellman ◽  
The Individual ◽  
Private Investors ◽  
And Storage

Abstract We build a continuous-time stochastic real options model to study the abandonment strategy of carbon capture and storage (CCS) project. Based on the stochastic optimal control theory, we solve the problem with the Hamilton-Jacobi-Bellman variational inequality (HJBVI) to derive the evolution of the optimal CCS investment over time. Using optimal stopping time, we establish a free boundary for each time node over the entire CCS construction stage as a function of the market carbon price and the individual project's remaining total deployment investment. The boundary is to help the investors decide whether to keep investing or abandon the project. Numerical simulations based on Chinese data are conducted by applying the finite element method with the power penalty. Concerning a hypothetical CCS project with a remaining total deployment investment of 10 billion RMB, our projected critical carbon prices relevant to its decisions on CCS project in 2020 are, respectively, 137.27 RMB/ton CO2 (0.123 RMB/kW·h) and 104.14 RMB/ton CO2 (0.093 RMB/kW·h). Being well below either threshold, if the current price prevails in 2020, the private investors will have no incentive to keep investing in or operate the above CCS project. It seems to us that this should indicate the exact right moment for the government to consider subsidizing them with at least the amount of money to prevent their abandonment of CCS from happening.

Santos Energy Solutions: targeting a lower-carbon future and underpinning our sustainability

2020 ◽  
Vol 60 (2) ◽  
pp. 563
Author(s):  
Fiona Wademan
Keyword(s):  
Power Generation ◽  
Carbon Capture ◽  
Waste Heat ◽  
Carbon Capture And Storage ◽  
Solar Array ◽  
Emissions Reduction ◽  
Energy Agency ◽  
Reduce Emissions ◽  
Lower Carbon ◽  
Cooper Basin

Santos is actively working to reduce its carbon footprint and prepare for a lower-carbon future, including promoting the role of gas in this future. Santos has set a long-term aspiration to achieve net-zero emissions from its operations by 2050, and a target to reduce emissions across existing operations in the Cooper Basin and Queensland by 5% by 2025. The Energy Solutions team was created to support the delivery of these objectives. Energy Solutions completed a global technology review to identify technologies that would reduce emissions across Santos’ operations and grow gas demand. The review resulted in focus areas of solar, storage (battery, gas and other media), waste heat recovery, wind, carbon capture and storage (CCS) and solar thermal. Santos progressed to implementation and successful demonstration of emissions reduction in 2018 with a world-first installation of an autonomous solar- and battery-powered beam pump. The initial installation in the Cooper Basin is now being expanded to 56 pump conversions to solar and battery with the support of the Australian Renewable Energy Agency. Following this success, Santos increased scale with installation of a 2.12-MW solar array and associated infrastructure at the Port Bonython processing facility. In parallel, fuel efficiency opportunities were targeted through key equipment upgrades, including power generation at Devil Creek with new reciprocating gas engines and rationalisation of legacy compression and power generation infrastructure across the Cooper Basin. Another key focus of the team is the progression of CCS, with appraisal of reservoir targets and pre-front-end engineering design (FEED) studies completed in 2019. The success of these projects provides a robust platform to support the further and more complex emissions reduction project opportunities across Santos’ operations.

Pre Disinvestment & Post Disinvestment Financial Analysis of Oil and Gas Company in India”

2016 ◽  
Vol 12 (3) ◽  
pp. 205-214
Author(s):  
Sumeet Gupta ◽  
Sharad Srivastava
Keyword(s):  
Public Sector ◽  
Natural Gas ◽  
Financial Performance ◽  
Oil And Gas ◽  
Financial Analysis ◽  
Operating Performance ◽  
Fiscal Deficit ◽  
Efficiency Ratio ◽  
Oil And Natural Gas ◽  
The Government

Disinvestment of minority share of PSU have become one of the important medium of raising revenue for the government. The government wanted to reduce its fiscal deficit by doing disinvestment of public sector enterprise. It is believed that operating performance and efficiency of Public sector enterprise gets improved after the post disinvestment period. There are many public sector enterprise whose financial performance got improved after the disinvestment.The prime focus of the study is to examine:Why there is a need for disinvestment of public sector enterprise      such as ONGC and IOCL.The impact of disinvestment on the financial and operating      performance on pre disinvestment as well as on post disinvestment period. In this study financial performance will be measured e.g.  Profitability ratio, efficiency ratio, liquidity ratio, & leverage and ratio for perspective investor. The financial performance will be used to access whether there is any impact of disinvestment on company’s performance of Oil and Natural Gas Corporation Ltd. & Indian Oil Corporation Ltd.  

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