After a delayed process, Woodside Petroleum Ltd [ASX:WPL]’s gas project off Western Australia has managed to gain support amongst partners with North West Shelf liquefied natural gas. Today Woodside’s share price grew by 1.11%
The last few months Woodside's share price has been inconsistent. Back in January they were trading at around $34 a share and started to fall down since, with the price only slowly starting to come back in March.
Since its discovery in 2004 by UK-based researchers Andre Geim and Konstantin Novoselov, researchers have been salivating at the possibilities of the unique material that is graphene. It has applications in nearly every industry, from new ones like batteries and renewables to established industries like microchips and construction. Consider the markets it is set to disrupt.
The energy industry is one of the first to commercially adapt blockchain technology on a global scale. First it was the banks chasing this tech. Now the oil and gas sector wants in.
From an investment perspective, there are a few ways to play this gas crisis. Australia desperately needs to develop new sources of gas to supply the domestic market. There are a number of small companies developing their reserves now to do this in the years to come.
Australia has some of the largest gas reserves in the world. But due to regulatory failure and a nasty energy bear market during 2014–16, which saw investment in the sector plummet, we’re now in ‘crisis’. How did it get to this point?
Tech stocks are hot, and no one wants to get off the train right now. While I wouldn’t want to bet against tech stocks here, I wouldn’t want to own them either. There are better value opportunities around with more upside potential. Like energy stocks.
The use of energy as a political football to pursue ideological ends — whether that’s left wing or right wing — is beginning to hurt us. If we could harness the amount of rubbish expelled by our politicians, then we’d be hitting base load power with ease.
Senex has secured rights to Surat Basin, a Queensland coal seam gas project. The 58 square kilometre area was hotly contested, with 12 other companies fighting for the rights.
Tropical Storm Harvey continues to cause severe flooding in the Houston area. And it’s showing no signs of easing up. Houston is the central hub for the US energy industry. It’s important for oil production and storage. The effects on the US oil industry are likely to be big as well.