The Australian Petroleum Production and Exploration Association Conference (APPEA) took place this week in Brisbane, Australia. Many were surprised to see the coalition retain power in the recent federal election, keeping Scott Morrison the Prime Minister. Jessica Morales spoke to Bernadette Cullinane, the oil, gas and chemicals leader for Deloitte Australia as well as the global LNG leader for Deloitte.
Australia recently became the leader in LNG exports. We asked what investors and energy watchers in North America need to understand about industry opportunities in Australia. Cullinane said there are three areas to point out. LNG and infrastructure investment, the Northern Territory and hydrogen.
Since July 10, 7.8 MMbbl of oil, or nearly two-thirds of the United States daily oil production, has been lost due to Barry, which has become a post-tropical cyclone and was moving over eastern Missouri on July 16.
The surge in child wells has brought well spacing and interference concerns across U.S. shale plays. Some have found solutions, while others are looking.
The field has estimated recoverable resources of 76 million barrels of oil, the company added.