Oil is still Australia’s largest primary energy source (at 37% in 2015-16), and natural gas, the cleanest fossil energy source, will continue to grow in significance. In fact, Australia is expected to become the world’s largest exporter of Liquefied Natural Gas (LNG) within the next few years.
Globally, too, oil and gas will remain the backbone of our energy supply for decades to come. However, as existing operating models are increasingly challenged, new approaches are being sought to respond to market dynamics, environmental concerns, and the high costs of developing unconventional resources.
These issues are driving technological innovation that can help the industry to keep costs low, while improving safety, reliability and efficiency.
Helping you to solve today’s challengesHow will your business survive today's challenging oil price environment? At the forefront of technological innovation for the oil and gas industry, Siemens is transforming operational performance across the entire value chain with automated and digitalized solutions.
Siemens has invested more than 40 years in adding value, efficiency and innovation to the oil and gas industry. Following the acquisition of Dresser-Rand and the Rolls-Royce Energy gas turbine and compressor business, Siemens has completed the loop on its portfolio to act as a single-source supplier to the industry for all mission-critical technology.
Our aim is to better support customers in the Pacific region who want to improve their businesses with digitalisation and automation but need to reduce their project risk and total-cost-of-ownership.