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
30 June 2025
Government is sending out the right policy signals to support increased domestic gas development, but policy takes time to implement and even longer to yield results
27 June 2025
Gas-on-gas competition pricing has grown its share of consumption significantly over the past two decades, primarily at the expense of oil-price-escalation pricing, according to the IGU
27 June 2025
Dire crude projections and heavy debt burden are weighing heavily on NOC Pemex
27 June 2025
TotalEnergies’ delayed FID for its Venus project will likely set back first oil, but Windhoek has other irons in the fire
