The natural gas market is being hit from all corners, with gas shortages brought on by the Russia–Ukraine war exacerbated by a Victorian cold snap.
The soaring oil price has dominated headlines amid Russia’s invasion of Ukraine. Often less considered has been the conflict’s potential impact on oil in the medium term and if Western countries rethink energy policies as the international order is reshaped.
Russia’s invasion of Ukraine continues to dominate the headlines, partially because of its influence on global economics and commodities.
Countries and jurisdictions across the world are imposing sanctions on Russia in light of its invasion of Ukraine, which is having a ripple effect on global commodities.
BHP Petroleum and Woodside Petroleum have consolidated their oil and gas portfolios in a merger that’s set to create one of the largest independent energy companies globally.
Santos and Oil Search have confirmed they will merge to create a $21 billion entity that will sustain both companies in the wake of a low carbon future.
The Australian Petroleum Production & Exploration Association (APPEA) has outlined in its submission to the Department of Industry’s draft carbon capture and storage (CCS) method for the Emissions Reduction Fund (ERF) that CCS has the potential to deliver step-change emissions reductions. Read more
EnergyQuest has revealed a widening long-term divide between gas supply and prices in Queensland, the Northern Territory and southern states, with the industry balanced on the edge of not meeting demand in just a few years. Read more