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Australia’s LNG flashpoint
Scapegoating foreign buyers will not solve country’s gas shortages
Australia’s post-election energy priorities
With the gas industry’s staunchest advocates and opponents taking brutal blows, the sector looks like treading a path of insipid indifference
Israel’s gas performance chafes against narrow export horizons
Israel continues to strike new oil and gas concession agreements and gas exports continue to rise, but an overreliance on Egypt remains the big concern
Australia’s changing gas risks
Australia’s East Coast Gas projections for a supply shortfall have been pushed further out, but the challenge to meet evolving gas demand and the shifting assumptions around the fundamentals remain just as stark
Australia faces up to Victoria’s gas folly
As gas supplies dwindle, LNG becomes the only viable solution in a state that has focused on transition
Australia’s unresolved fuel security risks
Lack of competitiveness in refining sector and underbaked oil reserves threaten long-term stability
Greater Sunrise brightens Timor-Leste's outlook
But the young nation may have to go through a fallow period before that project comes online as the Bayu-Undan field nears exhaustion
Woodside makes US LNG push with Tellurian acquisition
The Australian firm’s purchase represents a significant move into US LNG by an international player and will boost the planned Driftwood project after years of uncertainty
Australia’s East Coast market running out of time
Looming supply shortfalls will force some difficult political decisions
Political bargains hamstring Australia's Future Gas Strategy
Backroom political deal-making has undermined the government’s long-term vision for the domestic gas sector
Recent drilling results were disappointing
Timor Leste Timor Sea Australia Offshore
Simon Ferrie
17 February 2022
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Advance seeks to rebound after Timor Sea miss

The firm plans to secure another deal before the end of 2022 following poor results at the Buffalo field, interim CEO Larry Bottomley says

AIM-listed independent Advance Energy saw disappointing results from its Buffalo-10 well offshore Timor-Leste, but the firm intends to have another venture in place by the end of this year, interim CEO Larry Bottomley tells Petroleum Economist. Advance was attempting to develop the decommissioned Timorese oilfield in conjunction with ASX-listed independent Carnarvon, with both companies holding 50pc stakes. Carnarvon deemed the project to be very low risk, while Advance was brought in to help manage the scheme’s capital. The competent persons’ review shared that confident assessment, rating the probability of commercially viable volumes as high. Recent drilling results were disappointing, ho

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