Saturday, March 16, 2013

Unions attack Gray over FLNG - The West Australian

Unions attack Gray over FLNG - The West Australian: Special Minister of State and former Woodside executive Gary Gray made the provocative comments to WestBusiness on Monday, arguing there was far more to be gained for the WA economy and future generations by developing expertise in the cutting-edge technology than pursing land-based processing.

His comments came in the context of speculation that the Gillard Government will withdraw its support for the controversial James Price Point site when it hands down its imminent environmental ruling on the development.

1 comment:

  1. He has a very good point.We need to get moving on this.

    The pace of change is staggering.Wonder what Voelte would have said a few years back if someone told him,"In 3 years time the Middle East will be fraccing for gas and oil".No doubt he would have replied,"Bloody bullshit!"


    Time to Look for Unconventional Gas in the Middle East

    In addition to the important conventional reserves, results from recent gas exploration and appraisal activities indicate that the region holds substantial resources of unconventional gas, especially tight gas and shale gas.

    Algeria is taking the lead in this domain, and Algerian Energy Minister Youcef Yousfi revealed that he believes that his country's reserves of shale gas are equal to that of the United States. Algeria's state energy company, Sonatrach, has signed a cooperation agreement with Italian company Eni SpA, for the development of unconventional gas in Algeria, with a particular focus on shale gas.

    "We have launched four studies to evaluate the potentials of shale gas and liquids, in partner with Eni, Talisman, Shell and Anadarko, and we are in discussion with other companies for similar projects.

    Sonatrach has also drilled first shale gas well using its own resources, Abdelhamid Zerguine said.

    "Using our own efforts, we have finished the drilling of the first shale gas in the central part of the Sahara. A second drilling is currently underway," he added.

    In the neighboring country, Libya, technically recoverable shale gas is estimated at about 290 trillion cubic feet according to data from the U.S. Energy Information Administration.

    "Gas has never been a priority for us, but it is now. We may have some of the most important shale gas deposits in the world," National Oil Co. Chairman Nuri Berruien said during a North Africa Gas Summit held in Vienna last year.

    In Egypt, because of the absence data of unconventional gas resources in the country, it has formed a committee composed of representatives from all government entities that can contribute to exploration of shale gas.

    In Saudi Arabia, U.S. oilfield services company Baker Hughes estimates Saudi Arabian shale gas reserves at 645 Tcf, the fifth largest such reserve in the world. The country's conventional gas reserves are estimated to be around 279 Tcf.

    "Saudi Arabia's unconventional gas reserves resource base is large. The numbers are in the hundreds of Tcf, which are recoverable," Khalid Al-Falih, president and chief executive officer of Saudi Aramco said, cautioning: "Until we do the exploration and pilots, we will not be able to bank on them, so to speak."

    Oman is also investigating exploration for shale gas, as the Sultanate looks to ease the gas squeeze holding back its industrial and petrochemical sectors.

    BP said that it is considering going ahead with a $20 billion (AED 73.45 billion) project to produce tight gas reservoirs deep under the Khazzan and Makarem fields in the north-central region. Negotiations are continuing.

    The United Arab Emirates (UAE), instead, opted for the development of sour gas fields. It is currently developing the Shah Gas field in joint venture with Occidental Petroleum Corporation (Oxy). The $10 billion project is being developed by Alhosn Gas

    Kuwait is also tapping the development of the Jurassic field, and has signed a technical cooperation contract with Royal Dutch Shell plc.

    While OPEC members are assessing their unconventional resources, with a particular focus on unconventional gas rather than unconventional oil, because of the abundance of conventional oil, Jordan - which suffers from the absence of hydrocarbon reserves - aims to extract 40,000 barrels of oil per day from its huge shale oil reserves by 2016 to meet the increasing local demand