Perth's central business district
Letter from Australia: Upstream industry commits to net zero
Climate and carbon dominated the recent Appea conference
It was with a sense of elation that Australia’s upstream industry gathered in pandemic-free Perth, Western Australia, recently for the first Australian Petroleum Production and Exploration Association (Appea) conference in two years. But attendees face formidable challenges. First and foremost is climate, which dominated the conference. All of the major industry speakers expressed their company’s commitment to net zero by 2050, even though the pathway to this goal in a recent IEA report will require no further exploration for oil and gas—a death sentence for the industry. Despite this, there was much discussion about the role of gas in collaboration with renewables, albeit not something the
Also in this section
2 January 2025
A renewed push for oil and gas production in the US combined with a continued focus on decarbonisation are just two of the trends to look out for in the coming year
2 January 2025
The climate narrative has centred on phasing out fossil fuels in favour of renewables and novel solutions, but increasingly, policymakers are realising the importance of hydrocarbons as an enabler of the transition
2 January 2025
Global population growth is leading to ever-rising demand for reliable and affordable energy, a need gas is perfectly placed to meet
31 December 2024
With a raft of scare stories around peak demand and climate change, 2025 should be the year smart investors leave the Big Oil bogeyman to the stuff of child’s play
