Australia's Potential for Petroleum

1986 ◽  
Vol 4 (4) ◽  
pp. 255-283
Author(s):  
P. R. Evans

The viability and direction of future exploration for petroleum in Australia appear to have been set, particularly by the results of the petroleum industry's endeavours over the past four years. The limited local markets for the abundance of natural gas, with which Australian basins are characterised, will control the direction and rate of exploration for many years. Even so, the local markets for petroleum should provide a continued incentive to search for oil. The Gippsland Basin is at a mature stage of exploration, and a replacement for it is still required in order that Australia maintain its present position of supplying the bulk of its needs for crude oil into the 1990s. Sectors of the Timor Sea are the most likely areas of relatively untested continental shelf to produce the requisite large fields. The previously disregarded Mesozoic plays of the Eromanga Basin hold promise for continued small discoveries that cumulatively may provide a substantial contribution to the nation's needs. The Canning Basin is the most promising of the still generally non-productive basins, but realisation of its potential will be expensive.

1971 ◽  
Vol 9 (3) ◽  
pp. 523
Author(s):  
R. J. Gibbs ◽  
D. W. MacFarlane ◽  
H. J. Knowles ◽  
F. W. Kelly ◽  
C. R. Fetherston ◽  
...  

Under the National Energy Board Act and Regulations thereunder, a purchaser who intends to export natural gas from Canada must obtain an export licence from the National Energy Board. In the fall of 1969, the National Energy Board had be{ ore it several applications for licences to export natural gas in a total amount which was quite large in relation to the previously licenced ·exports. In addition to combining the applications for export licences, the Board decided that the combined hearing would be an opportune occassion for it to reconsider the criteria and practices which it had used in the past to deal with applications for gas export licences, and as such, the Board invited the applicants, six of the provinces and three industry associations, to present evidence and argument with respect to general policy matters to be fallowed by the Board. This article is a study of the said hearing and consists of an outline of the legislative background to the National Energy Board Act, a review of the past policies of the Board, a description of the practices and procedures of the Board, a commentary on several of the submissions made to the Board and a summary of the positions taken by the various parties and intervenors.


Author(s):  
J. W. Humphrey

The construction of the Louisiana-Florida gas line will bring natural gas to the 48th state to receive this fuel. Florida is the only remaining state without natural gas according to gas suppliers. The consumption of natural gas has been steadily increasing in industry in the past and will continue to increase in the future. The ease with which gas can be handled and burned makes it an attractive fuel for most industrial needs. Paper published with permission.


2012 ◽  
Vol 15 (2) ◽  
pp. 128-141 ◽  
Author(s):  
Elsabe Loots ◽  
Alain Kabundi

The FDI debate is often characterised by generalities about the importance of these flows within the global context.  This article aims to unpack the African-specific FDI issues in order to get a clearer and more substantiated understanding of the current trends, dynamics and challenges, with emphasis on the period since 2000.  The research concludes that nominal flows to the continent are on the increase, with exponential increases over the past decade.  The descriptive analysis indicates that flows to the continent are unevenly spread and are concentrated in the largest economies and/or in petroleum-/oil-exporting countries.  The impact of FDI on growth and investment in particularly smaller economies indicates that FDI inflows are making a substantial contribution to these economies and illustrates the importance of this source of investment.  The econometric analysis reveals that oil exporters and the size of the economy are powerful explanatory variables in explaining FDI flows to Africa, with trade openness a positive, but less powerful variable.


1888 ◽  
Vol 34 (145) ◽  
pp. 1-19
Author(s):  
James Rorie

The object of the present paper is to bring under the notice of this meeting the present state of Scotch Lunacy Legislation, especially as it affects our Chartered Asylums. For some years back efforts have from time to time been made to introduce various Bills into Parliament, calculated, more or less, to interfere with the present position of these institutions, and during the past Session one of these Bills has passed into law. It was evident to those who took any interest in this measure, that a strong feeling existed in regard to the extent to which Parochial Boards had control over their patients, and it was evident, sooner or later, that more extensive and more comprehensive legislation would ere long be forced on the notice of the public. That we should be prepared for this, it seems very desirable that we should know exactly our position, or how existing institutions are likely to be affected by such legislative efforts. But to understand this thoroughly, it will be necessary to consider the changes which have taken place in the Statutes affecting lunacy in Scotland since these were enacted in 1857, and this I will now do as briefly as possible.


Significance In line with such concerns, Estonia held a large military exercise, Hedgehog, on May 4-15, involving 13,000 troops. On May 6, Lithuania launched Lightning Strike, a military exercise involving 3,000 troops in a simulated defence of the country's new liquefied natural gas (LNG) terminal at Klaipeda. In December, Latvia said Russian submarines had approached its maritime borders more than 50 times in the past year. However, Russia's more overt activities also pose a major risk to the Baltics. Impacts Russian intelligence will continue to target not just Baltic secrets but, through them, NATO and EU ones. Russian operations will aim to create division by playing on discontent within sizeable ethnic Russian minorities who feel marginalised. NATO will increase the rate and size of Baltic drills to reassure the Baltic states.


Subject Outlook for Russia-Asia gas ties. Significance Last year, Russia's President Vladimir Putin signed a 30 year deal worth 400 billion dollars to sell 38 billion cubic metres (bcm) yearly of natural gas to China, starting in 2018-19. Gazprom will have to build the 4,000 kilometres 'Power of Siberia' pipeline. The deal is the cornerstone of Russia's pivot towards Asia. Other elements include the East Siberia Pacific Oil Pipeline, the liberalisation of liquefied natural gas (LNG) exports and the planned second pipeline to China via the Altai Western route. However, the past year's events are frustrating Moscow's ambitions. Whether Russia succeeds or not bears implications for the global gas industry. Impacts By 2035, over 30% of Russia's gas exports will go to Asia. Liquefaction technologies are not on the sanctions list, but they might be if sanctions were widened. To seal the Altai deal, Russia will have to grant price discounts to make the offer too good to refuse.


Significance US natural gas prices have surged over the past six weeks thanks to falling supply, strong demand from the power sector and rising exports. The uptick in prices has provided a glimmer of hope to gas producers in the United States, hard hit by a prolonged slump in prices. Impacts Declining gas production and rising demand will mean increased pipeline imports from Canada over the coming months. Mexico will pay higher prices for US natural gas imports as the Henry Hub benchmark, potentially hitting demand. US producers that have more gas-producing assets in their portfolio will benefit from rising prices.


2011 ◽  
Vol 7 (5) ◽  
pp. 3131-3164 ◽  
Author(s):  
A. Rivera ◽  
M. Koppes ◽  
C. Bravo ◽  
J. C. Aravena

Abstract. Glaciar Jorge Montt (48°20' S/73°30' W), one of the main tidewater glaciers of the Southern Patagonian Icefield (SPI), has experienced the fastest frontal retreat observed in Patagonia during the past century, with a recession of 19.5 km between 1898 and 2011. This record retreat uncovered trees overridden during the Little Ice Age (LIA) advance of the glacier. Samples of these trees were dated using radiocarbon methods, yielding burial ages between 460 and 250 cal yr BP. The dendrochronology and maps indicate that Glaciar Jorge Montt was at its present position before the beginning of the LIA, in concert with several other glaciers in Southern Patagonia, and reached its maximum advance position between 1650 and 1750 AD. The post-LIA retreat is most likely triggered by climatically induced changes during the 20th century, however, Glaciar Jorge Montt has responded more dramatically than its neighbours. The retreat of Jorge Montt opened a new fjord 19.5 km long, and up to 391 m deep, with a varied bathymetry well correlated with glacier retreat rates, suggesting that dynamic responses of the glacier are at least partially connected to near buoyancy conditions at the ice front, resulting in high calving fluxes, accelerating thinning rates and rapid ice velocities.


Author(s):  
R. C. Bonner

Aircraft-type gas turbines have been used by Consumers Power Co. to provide power for the injection of natural gas into underground storage for the past five years. Special controls, auxiliary and driven equipment are required for this unique application. Operating experience has prompted numerous refinements as well as providing information for maintenance and economic planning. The paper describes the basic design of the engine-compressor units for a remotely controlled, unmanned compressor station as well as highlights from the operating experience with this application.


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