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intervention

Australasia

$674m gas project stalls as Australia meddles in markets

The risk to future investment from the Australian Government’s radical intervention in the gas market has been demonstrated, with Senex Energy pausing a A$1 billion (US$674 million) domestic gas supply expansion, involving hundreds of new jobs and millions of dollars of investment in regional communities, according to APPEA.

Events

Experts urged to share knowledge with industry peers

Experts in well intervention are being called upon to submit an abstract on the topic and share the latest developments with their peers. The findings will be shared at the annual SPEICoTA European Well Intervention Conference which takes place at the Aberdeen Exhibition and Conference Centre in November. A range of topics will be covered over two days, with a focus on new technology and innovative solutions, subsea fields, mature fields and challenging environments.

Oil & Gas

Oil ‘behind foreign intervention’

The more oil a country produces, the more likely a foreign power will intervene in its internal conflicts, according to new research. The study by the universities of Portsmouth, Warwick and Essex has found that oil is often the reason for interfering in another country’s civil war - confirming the beliefs of many conspiracy theorists. The researchers found that the decision to interfere was dominated by the interveners’ need for oil over and above any historical, geographical or ethnic ties.