The Australian Petroleum Production & Exploration Association (APPEA) believes that Western Australia (WA)’s Mineral and Petroleum Review 2021-22 highlights the importance of the oil and gas industry to the state and national economies, as this sector has reinforced WA’s fourth straight resources sales record.
While Nord Stream and other pipeline closures take their toll on domestic supply, leaving Europe to scramble amid a gas supply crunch, Canada’s oil and gas producer Trillion Energy is hoping to alleviate the energy crisis by scaling up natural gas production in the fourth quarter of 2022 through programmes for which it has secured the required funding.
As the UK government puts the wheels into motion to kick off a new oil and gas licensing round to strengthen its energy security, environmental activists and supporters of Just Stop Oil have set up roadblocks, demanding a halt to new fossil fuel projects and investments in the UK. These activists claim that the answer to tackling the energy and climate crises lies in ramping up renewable investments.
Norway’s state-owned energy giant Equinor has secured a drilling permit from the country’s authorities for an appraisal well in the North Sea off Norway. The drilling work is expected to be carried out using one of Odfjell Drilling’s rigs.