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2014-03-17 08:05:00

GREAT POTENTIAL IN QUEENSLAND

GREAT  POTENTIAL  IN  QUEENSLAND

APPEA. There remains enormous potential to safely explore and develop Queensland's shale gas resources, to create jobs and attract another wave of economic investment, the Australian Petroleum Production & Exploration Association (APPEA) said today.

Already natural gas from coal seams feeds almost 100 per cent of Queensland's gas supply needs and has been responsible for generating about 30,000 jobs, mostly in rural and regional communities.

Comments made today by the Queensland Opposition about the future of shale gas development ignore the Queensland gas industry's proven record of safe operations over many decades.

APPEA Chief Operating Officer Paul Fennelly said: "It is very important that political parties do not adopt policies from The Greens to stop resource development and the benefits it can bring to Queensland's economy.

"Across the border in South Australia about 685 wells have been safely fractured stimulated in the Cooper Basin over the last 40 years.

"Shale gas also uses multi-pad horizontal drilling, which ensures that the surface footprint of activities is minimised so that there is little impact on agricultural operations or the environment."

Last year the Australian Council of Learned Academies highlighted the "great potential" of shale gas as an important new energy option for Australia, while also identifying challenges that could be met through careful management.

Mr Fennelly said: "Industry supports the findings that robust regulation and best practice operations are central to managing and mitigating the identified risks."

Tags: QUEENSLAND, AUSTRALIA, SHALE, GAS

Chronicle:

GREAT  POTENTIAL  IN  QUEENSLAND
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CHINA'S INVESTMENT FOR NIGERIA: $14+3 BLN

AN - China National Offshore Oil Corp. (CNOOC) is willing to invest $3 billion in its existing oil and gas operation in Nigeria, the Nigerian National Petroleum Corporation (NNPC) said on Sunday following a meeting with the Chinese in Abuja.

GREAT  POTENTIAL  IN  QUEENSLAND
2018, July, 16, 10:30:00

LIBYA'S OIL DOWN 160 TBD

REUTERS - Production at Libya’s giant Sharara oil field was expected to fall by at least 160,000 barrels per day (bpd) on Saturday after two staff were abducted in an attack by an unknown group, the National Oil Corporation (NOC) said.

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2018, July, 16, 10:25:00

BAHRAIN'S GDP UP 3.2%

IMF - Output grew by 3.8 percent in 2017, underpinned by a resilient non-hydrocarbon sector, with robust implementation of GCC-funded projects as well as strong activity in the financial, hospitality, and education sectors. The banking system remains stable with large capital buffers. Growth is projected to decelerate over the medium term.

GREAT  POTENTIAL  IN  QUEENSLAND
2018, July, 16, 10:20:00

NIGERIA'S GDP UP 2%

IMF - Higher oil prices and short-term portfolio inflows have provided relief from external and fiscal pressures but the recovery remains challenging. Inflation declined to its lowest level in more than two years. Real GDP expanded by 2 percent in the first quarter of 2018 compared to the first quarter of last year. However, activity in the non-oil non-agricultural sector remains weak as lower purchasing power weighs on consumer demand and as credit risk continues to limit bank lending.

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