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
4 December 2025
Time is running out for Lukoil and Rosneft to divest international assets that will be mostly rendered useless to them when the US sanctions deadline arrives in mid-December
3 December 2025
Aramco’s pursuit of $30b in US gas partnerships marks a strategic pivot. The US gains capital and certainty; Saudi Arabia gains access, flexibility and a new export future
2 December 2025
The interplay between OPEC+, China and the US will define oil markets throughout 2026
1 December 2025
The North African producer’s first bidding round in almost two decades is an important milestone but the recent extension suggests a degree of trepidation
