New oil and gas exploration data is an urgent wake-up call

Recent articles


Tweets

22 May 22, 2:23pm The oil and gas industry congratulates @AlboMP and Labor on their election success https://t.co/ew12RE23Io
array(24) { ["created_at"]=> string(30) "Sun May 22 04:23:57 +0000 2022" ["id"]=> int(1528230159886610432) ["id_str"]=> string(19) "1528230159886610432" ["text"]=> string(217) "The oil and gas industry congratulates @AlboMP and Labor on their election success https://t.co/ew12RE23Io" ["truncated"]=> bool(false) ["entities"]=> array(4) { ["hashtags"]=> array(0) { } ["symbols"]=> array(0) { } ["user_mentions"]=> array(1) { [0]=> array(5) { ["screen_name"]=> string(6) "AlboMP" ["name"]=> string(16) "Anthony Albanese" ["id"]=> int(254515782) ["id_str"]=> string(9) "254515782" ["indices"]=> array(2) { [0]=> int(39) [1]=> int(46) } } } ["urls"]=> array(1) { [0]=> array(4) { ["url"]=> string(23) "https://t.co/ew12RE23Io" ["expanded_url"]=> string(117) "https://www.appea.com.au/all_news/statement-appea-acting-chief-executive-damian-dwyer-on-the-federal-election-result/" ["display_url"]=> string(30) "appea.com.au/all_news/state…" ["indices"]=> array(2) { [0]=> int(83) [1]=> int(106) } } } } ["source"]=> string(71) "Twitter Web App" ["in_reply_to_status_id"]=> NULL ["in_reply_to_status_id_str"]=> NULL ["in_reply_to_user_id"]=> NULL ["in_reply_to_user_id_str"]=> NULL ["in_reply_to_screen_name"]=> NULL ["user"]=> string(8) "APPEALtd" ["geo"]=> NULL ["coordinates"]=> NULL ["place"]=> NULL ["contributors"]=> NULL ["is_quote_status"]=> bool(false) ["retweet_count"]=> int(1) ["favorite_count"]=> int(4) ["favorited"]=> bool(false) ["retweeted"]=> bool(false) ["possibly_sensitive"]=> bool(false) ["lang"]=> string(2) "en" }
by APPEALtd
20 May 22, 3:51pm Find out more about all the #awards winners from the 2022 APPEA Conference and Exhibition that took place in… https://t.co/b7MHDQIOdf
array(24) { ["created_at"]=> string(30) "Fri May 20 05:51:00 +0000 2022" ["id"]=> int(1527527287276859392) ["id_str"]=> string(19) "1527527287276859392" ["text"]=> string(258) "Find out more about all the #awards winners from the 2022 APPEA Conference and Exhibition that took place in… https://t.co/b7MHDQIOdf" ["truncated"]=> bool(true) ["entities"]=> array(4) { ["hashtags"]=> array(1) { [0]=> array(2) { ["text"]=> string(6) "awards" ["indices"]=> array(2) { [0]=> int(28) [1]=> int(35) } } } ["symbols"]=> array(0) { } ["user_mentions"]=> array(0) { } ["urls"]=> array(1) { [0]=> array(4) { ["url"]=> string(23) "https://t.co/b7MHDQIOdf" ["expanded_url"]=> string(52) "https://twitter.com/i/web/status/1527527287276859392" ["display_url"]=> string(29) "twitter.com/i/web/status/1…" ["indices"]=> array(2) { [0]=> int(110) [1]=> int(133) } } } } ["source"]=> string(71) "Twitter Web App" ["in_reply_to_status_id"]=> NULL ["in_reply_to_status_id_str"]=> NULL ["in_reply_to_user_id"]=> NULL ["in_reply_to_user_id_str"]=> NULL ["in_reply_to_screen_name"]=> NULL ["user"]=> string(8) "APPEALtd" ["geo"]=> NULL ["coordinates"]=> NULL ["place"]=> NULL ["contributors"]=> NULL ["is_quote_status"]=> bool(false) ["retweet_count"]=> int(0) ["favorite_count"]=> int(2) ["favorited"]=> bool(false) ["retweeted"]=> bool(false) ["possibly_sensitive"]=> bool(false) ["lang"]=> string(2) "en" }
by APPEALtd
19 May 22, 4:12pm APPEA Chair Ian Davies talks of embracing change as he delivers his closing address of the 2022 APPEA Conference.… https://t.co/KiFqPSZAUe
array(24) { ["created_at"]=> string(30) "Thu May 19 06:12:24 +0000 2022" ["id"]=> int(1527170286864695296) ["id_str"]=> string(19) "1527170286864695296" ["text"]=> string(194) "APPEA Chair Ian Davies talks of embracing change as he delivers his closing address of the 2022 APPEA Conference.… https://t.co/KiFqPSZAUe" ["truncated"]=> bool(true) ["entities"]=> array(4) { ["hashtags"]=> array(0) { } ["symbols"]=> array(0) { } ["user_mentions"]=> array(0) { } ["urls"]=> array(1) { [0]=> array(4) { ["url"]=> string(23) "https://t.co/KiFqPSZAUe" ["expanded_url"]=> string(52) "https://twitter.com/i/web/status/1527170286864695296" ["display_url"]=> string(29) "twitter.com/i/web/status/1…" ["indices"]=> array(2) { [0]=> int(115) [1]=> int(138) } } } } ["source"]=> string(71) "Twitter Web App" ["in_reply_to_status_id"]=> NULL ["in_reply_to_status_id_str"]=> NULL ["in_reply_to_user_id"]=> NULL ["in_reply_to_user_id_str"]=> NULL ["in_reply_to_screen_name"]=> NULL ["user"]=> string(8) "APPEALtd" ["geo"]=> NULL ["coordinates"]=> NULL ["place"]=> NULL ["contributors"]=> NULL ["is_quote_status"]=> bool(false) ["retweet_count"]=> int(0) ["favorite_count"]=> int(4) ["favorited"]=> bool(false) ["retweeted"]=> bool(false) ["possibly_sensitive"]=> bool(false) ["lang"]=> string(2) "en" }
by APPEALtd
19 May 22, 3:27pm Ben Dahl, BDM at corrosion management specialist @COSASCO takes a stand at booth 124 of the 2022 @APPEACONFERENCE a… https://t.co/SROSwYNVSZ
array(24) { ["created_at"]=> string(30) "Thu May 19 05:27:07 +0000 2022" ["id"]=> int(1527158891347603456) ["id_str"]=> string(19) "1527158891347603456" ["text"]=> string(320) "Ben Dahl, BDM at corrosion management specialist @COSASCO takes a stand at booth 124 of the 2022 @APPEACONFERENCE a… https://t.co/SROSwYNVSZ" ["truncated"]=> bool(true) ["entities"]=> array(4) { ["hashtags"]=> array(0) { } ["symbols"]=> array(0) { } ["user_mentions"]=> array(2) { [0]=> array(5) { ["screen_name"]=> string(7) "COSASCO" ["name"]=> string(7) "Cosasco" ["id"]=> int(36894784) ["id_str"]=> string(8) "36894784" ["indices"]=> array(2) { [0]=> int(49) [1]=> int(57) } } [1]=> array(5) { ["screen_name"]=> string(15) "APPEACONFERENCE" ["name"]=> string(31) "APPEA Conference and Exhibition" ["id"]=> int(213619824) ["id_str"]=> string(9) "213619824" ["indices"]=> array(2) { [0]=> int(97) [1]=> int(113) } } } ["urls"]=> array(1) { [0]=> array(4) { ["url"]=> string(23) "https://t.co/SROSwYNVSZ" ["expanded_url"]=> string(52) "https://twitter.com/i/web/status/1527158891347603456" ["display_url"]=> string(29) "twitter.com/i/web/status/1…" ["indices"]=> array(2) { [0]=> int(117) [1]=> int(140) } } } } ["source"]=> string(71) "Twitter Web App" ["in_reply_to_status_id"]=> NULL ["in_reply_to_status_id_str"]=> NULL ["in_reply_to_user_id"]=> NULL ["in_reply_to_user_id_str"]=> NULL ["in_reply_to_screen_name"]=> NULL ["user"]=> string(8) "APPEALtd" ["geo"]=> NULL ["coordinates"]=> NULL ["place"]=> NULL ["contributors"]=> NULL ["is_quote_status"]=> bool(false) ["retweet_count"]=> int(0) ["favorite_count"]=> int(3) ["favorited"]=> bool(false) ["retweeted"]=> bool(false) ["possibly_sensitive"]=> bool(false) ["lang"]=> string(2) "en" }
by APPEALtd

The release of new Australian Bureau of Statistics petroleum exploration expenditure data for 2015-16 is an urgent wake-up call for governments and industry.

APPEA Chief Executive Dr Malcolm Roberts said the 2015-16 data confirms that oil and gas exploration – onshore and offshore – is in free fall.

“Over the last two years, spending on onshore and offshore exploration has fallen by almost two-thirds,” he said.

“While some of this fall reflects lower costs, exploration activity is undeniably at its lowest levels for many years. The number of exploration wells drilled offshore is at its lowest level in almost 20 years; onshore drilling is at its lowest level in 15 years.

“The latest data continues a worrying trend that has been evident for many years, even when commodity prices were much higher. If the slide in exploration continues, Australian gas users will face more uncertainty about future supply and higher gas prices.

“APPEA welcomes the Commonwealth initiative to examine the exploration and development framework through the Offshore Resource Management Review. We especially welcome the focus on frontier regions and less-explored areas that may offer significant untapped potential.

“The $100 million in new funding for Geoscience Australia, announced in the last federal budget, is also a very important initiative.

“The recent Council of Australian Governments’ Energy Council meeting highlighted the urgent need to develop new gas reserves, given the likely supply shortfall in 2019. Production from the key basins in South Australia and offshore Victoria will begin to fall from 2017.

“We must find and develop new supplies of gas to offset falling output from Australia’s long-established gas fields.

“The latest exploration data is just one more reason to reject bans on onshore gas exploration or hydraulic fracturing.”