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Australia's energy strategies and frameworks | energy.gov.au

The Australian Government has legislated emissions reductions targets of 43% by 2030 (on 2005 levels) and net zero by 2050. Energy efficiency and performance plays a key role in enabling Australia to achieve these targets. The aim of the National Energy Performance Strategy is to provide a long-term …

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Oil and gas industry in Australia

The properties of Australian oil tend to be more suited to export markets. Therefore, Australia imports a significant volume of crude oil for its own refinery processes.

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Western Australia: A test bed for the new global …

Highway to hydrogen. Australia's LNG export revenues are forecast to reach A$90 billion ($63.1 billion) in 2022-23, on record high global energy prices and a lower Australian dollar, and fall to A$75 …

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How Important Was Oil in World War II? | History News Network

The great tank commander--George S. Patton--found out the hard way how important oil was (in the form of gasoline) to the war effort. His tanks were moving so fast as they approached the Seigfried ...

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Oil and gas industry in Australia

The gross value added by Australia's oil and gas extraction industry has continued to increase over the past decade, though has stagnated in recent years. Published by L. Granwal, Aug 1, 2023 ...

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Oil giant Shell feels heat over giant $21 billion Prelude floating …

Australia was midway through a once-in-a-lifetime $300 billion splurge that would make the country the world's biggest producer of super-chilled, shipped gas. Floating gas plants were supposed to ...

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Australia to boost fuel security and establish national oil reserve

Australia will spend $94 million to buy oil at the current low global prices. Australia has access to hold oil in the US SPR for an initial period of 10 years. Minister Taylor said the Government would shortly launch a process to work with the private sector to identify the best options for further strengthening fuel security in Australia.

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Intergovernmental agreement on the National Plan to combat …

Australian Institute of Petroleum; Australian Shipping Federation; Plastics and Chemicals Industries Association; The Committee will have an independent chair who is not a representative of the Parties or the stakeholders. Each member will bear the costs and expenses incurred in the course of Committee business.

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Australia: crude oil production 2022 | Statista

Crude oil production Australia 2012-2022. Published by L. Granwal, Apr 14, 2023. In the financial year 2022, about 7 thousand megaliters of crude oil were produced in Australia. This was a ...

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After Sydney refinery closure, Caltex to import fuel from Chevron's

Neither has this sunk in with Metropolitan Strategy planners, Infrastructure Australia and many other departments. The more people there are in Sydney, the longer the petrol lines at filling stations in a city without refineries. Related link: 25/6/2012 10 Mouse clicks to calculate Australian crude oil depletion of 83 %

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Oil | Australia's Energy Commodity Resources 2021

Summary Australia is a net importer of oil, with only around 12 per cent of refinery feedstock domestically produced. 'Oil' in this report refers to any hydrocarbon liquids, …

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Oil | Australia's Energy Commodity Resources 2021

Australia's 2P reserves of conventional oil resources in 2019 are estimated as 10,263 petajoules (PJ; 1,803 million barrels [MMbbl]). At 2019 production rates, this is the equivalent of about 14 years of remaining conventional oil reserves. About 80 per cent of Australia's produced oil was exported in 2019.

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Japan, Australia ready to tap oil reserves if Ukraine conflict hits

A sticker reads crude oil on the side of a storage tank in the Permian Basin in Mentone, Loving County, Texas, U.S. November 22, 2019. Picture taken November 22, 2019.

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Australia's fuel reserves don't have to keep running on empty

Australia's inability to meet minimum IEA requirements speaks to the broader energy resilience problem and was a likely factor behind the Morrison government's three-part fuel security package. The package included the 2020 decision to store $94 million of oil in the US Strategic Petroleum Reserve. While that was welcome, the fuel is stored ...

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The future is now: How oil and gas companies can decarbonize

CCUS costs $20/tCO 2 e for selected processes in the oil and gas sector but as much as $100 to $200/tCO 2 e in other industries, such as cement. One undertaking to watch is the Clean Gas Project in northern England, where a consortium of six oil and gas companies is building what could be the first commercial natural-gas plant with full CCUS ...

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Our strategy | What we do | Home

Our strategy. Our three-pillar strategy is unchanged – it is focused on investing in our transition growth engines and, at the same time, investing in today's energy system. And integration connects it all. Since we set out our strategy in 2020, our track record of delivery has given us increased confidence as we invest in bp's transition ...

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Overview | Australia's Energy Commodity Resources 2021

Oil resources. Australia's conventional liquid hydrocarbon resources include crude oil, and the condensate and liquefied petroleum gas (LPG) resources associated with …

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Santos quarterly: Revenue takes hit from falling oil, gas prices

Santos, one of the largest Australian oil and gas companies, reported a 13 per cent fall in first-quarter sales revenue amid a slowdown in production and softening of fossil fuel prices from last ...

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'Big fields get bigger': how Australia's North West Shelf

As a partner for more than three decades in Australia's largest oil and gas resource development, BP has a significant non-operated Upstream portfolio there. With BP's fourth major project of 2017 now on stream, BP Magazine hears from Claire Fitzpatrick, vice president for Upstream in Australia, about the world-class scale North West Shelf …

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Australia Production of crude oil, 2021-2023

Learn More What is Australia production of crude oil? See also Production of petroleum and other liquids, Output of motor gasoline, Output of jet fuel, Output of kerosene, …

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Australia to boost fuel security and establish national oil reserve

The Australian Government is boosting the nation's long-term fuel security by taking advantage of dramatic falls in global oil prices and building on our historic …

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U.S. And Australia Strengthen Fuel Security With New SPR …

WASHINGTON, D.C. – Today, the United States and Australia have signed a milestone arrangement that lays the groundwork for Australia to lease space in the U.S. Strategic Petroleum Reserve (SPR) to store and access Australian owned oil, strengthening international energy security and resiliency. The Arrangement will allow …

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Gas markets | energy.gov.au

Ensuring our electricity and gas markets operate competitively, transparently and in the long-term interests of consumers is a core Australian Government priority. Improved scrutiny and accountability is placing downward pressure on prices and improving market operations. The ACCC is conducting a wide-ranging inquiry into the supply of and ...

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Guide to investing in the oil & gas industry in Australia

basins, mostly found in the Cooper Basin, account for 5% of the oil resources. Although Australia is not producing from oil shale, the Australian Bureau of Resources and Energy Economics reported that the country has resources of about 14 billion barrels of demonstrated or potential reserves, mostly located in Queensland.

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National Energy Performance Strategy | energy.gov.au

The Australian Government is investing $15.2 million to develop a Commonwealth-led National Energy Performance Strategy. The Strategy will provide a national plan to …

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Oil & Gas Consulting | Bain & Company

We combine deep global experience and cutting-edge methods to help you unlock value and achieve your full potential. Across more than 1,400 oil and gas consulting projects, we've helped clients transform into leaner, more agile organizations . Our experts apply unparalleled knowledge to a broad range of industry challenges, including price ...

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Australia | BHP

We believe the future is increasingly clear and our strategy, portfolio, capabilities and approach to social value position us to play an important role in meeting the twin objectives of an accelerated energy transition, and continued economic development and improvement in living standards.

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Foreign oil dependence a 'massive vulnerability' as defence …

Defence analysts are calling for Australia to speed up its transition to EVs and green transport, saying the country's heavy reliance on imported oil is a "massive" security weakness.

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Overview | Australia's Energy Commodity Resources 2022

Australia's future energy production will increasingly be focussed on developing clean energy technologies to meet the net zero greenhouse gas emissions target by 2050. …

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Shell directors personally sued over 'flawed' climate strategy | Oil

Thu 9 Feb 2023 01.01 EST. The directors of oil major Shell are being personally sued over their climate strategy, which the claimants say is inadequate to meet climate targets and puts the company ...

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