Woodside Petroleum CEO Sees Oil Between $45 to $60

The video discusses the oil market's current state, focusing on price ranges, market signals, and inventory issues. It explores the dynamics of the LNG market, highlighting new market creation and the role of FSRUs. The Australian gas market is examined, noting differences in policies between the east and west. The video also covers the expansion of Pluto LNG and partnerships with companies like Shell and Exxon. Finally, it addresses the petroleum resource rent tax and the industry's response to potential changes.

What is the expected range for oil prices over the next 18 months?

• $30 to $40

• $45 to $60

• $60 to $75

• $75 to $90

Which new markets have emerged for LNG due to unmet energy demand?

• Russia, Canada, Mexico

• Brazil, India, China

• Argentina, Pakistan, Bangladesh

• South Africa, Egypt, Nigeria

What is the main issue causing a gas shortage on the East Coast of Australia?

• Lack of domestic gas reservation policy

• Excessive gas reserves

• High export tariffs

• Overproduction of gas

What is the focus of the Pluto LNG expansion project?

• Building new pipelines

• Increasing gas exports to Europe

• Developing new floating stations

• Using existing infrastructure efficiently

Which companies are involved in the strategic partnerships for LNG expansion?

• Total and Gazprom

• Eni and Petrobras

• Shell and Exxon Mobil

• BP and Chevron

What is the petroleum resource rent tax designed to do?

• Encourage foreign investment

• Reduce oil production

• Share risk between government and investors

• Increase government revenue

What is a major concern for the industry regarding changes in tax structures?

• Higher export duties

• Increased production costs

• Decreased demand

• Sovereign risk