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
22 July 2025
Next year’s WPC Energy Congress taking place in April in Riyadh, Saudi Arabia will continue to promote the role of women in the energy sector, with a number of events focusing on the issue.
22 July 2025
Pedro Miras is the serving President of WPC Energy for the current cycle which will culminate with the 25th WPC Energy Congress in Riyadh, Saudi Arabia in April 2026. He has over 30 years of experience in the energy sector, including stints with Repsol and the IEA. Here he talks to Petroleum Economist about the challenges and opportunities the global energy sector currently faces.
17 July 2025
US downstream sector in key state feels the pain of high costs, an environmental squeeze and the effects of broader market trends
16 July 2025
Crude quality issues are an often understated risk to energy security, highlighted by problems at a key US refinery
