Information Content of Order Flows in the Foreign Exchange and Commodities Markets. The Australian economy depends heavily on resources and commodities markets. The Australian dollar is the sixth most actively traded currency in the world and is more volatile than all other major currencies except the Japanese yen. The proposed study seeks to improve volatility forecasts and hedging effectiveness for foreign exchange and commodity risks, which will create significant benefits for the Australian ....Information Content of Order Flows in the Foreign Exchange and Commodities Markets. The Australian economy depends heavily on resources and commodities markets. The Australian dollar is the sixth most actively traded currency in the world and is more volatile than all other major currencies except the Japanese yen. The proposed study seeks to improve volatility forecasts and hedging effectiveness for foreign exchange and commodity risks, which will create significant benefits for the Australian economy, corporations, and investors. In addition, the project will enhance investment performance and risk management practice of financial institutions, improving the overall safety of our financial system. It will also foster research culture and increase research capacity of Australian financial institutions.Read moreRead less
Deep Penetrating Anchors - a cost effective anchoring solution for mooring oil and gas facilities in deep water. The offshore oil and gas industry is currently directing considerable research efforts towards the development of cost-effective anchoring solutions suitable for mooring floating installations in deep water. This project aims to enhance the limited understanding of the Deep Penetrating Anchor (DPA), which has been identified as having the most potential to meet industry demands as it ....Deep Penetrating Anchors - a cost effective anchoring solution for mooring oil and gas facilities in deep water. The offshore oil and gas industry is currently directing considerable research efforts towards the development of cost-effective anchoring solutions suitable for mooring floating installations in deep water. This project aims to enhance the limited understanding of the Deep Penetrating Anchor (DPA), which has been identified as having the most potential to meet industry demands as it extends the current water depth limit of 2000 metres. Successful completion of this project will result in a DPA experimental database that will not only form the basis for predicting anchor performance, but will also serve as a means of validating robust and versatile design tools that can be used in offshore engineering practice.Read moreRead less
A highly resolved chronostratigraphic and palaeoenvironmental framework for Pre-Salt Brazilian core basins. Hydrocarbon production and exploration today support viable economies. The engagement of industry with higher learning institutions will advance and enhance the discipline of petroleum geology, with a resultant spectrum from new sources of oil and gas to significantly reducing CO2 emissions (and decreasing the impact of global warming). National and community benefits are diverse: training ....A highly resolved chronostratigraphic and palaeoenvironmental framework for Pre-Salt Brazilian core basins. Hydrocarbon production and exploration today support viable economies. The engagement of industry with higher learning institutions will advance and enhance the discipline of petroleum geology, with a resultant spectrum from new sources of oil and gas to significantly reducing CO2 emissions (and decreasing the impact of global warming). National and community benefits are diverse: training and research support for many graduate students and staff in Australia, a better understanding of ancient greenhouse climates, testing and refinement of new techniques (e.g. bioevents, biosteering) in petroleum studies and practical experience of integrating data from frontier exploration wells.Read moreRead less
A novel foundation to extend the operation of mobile structures into deeper water. Oil and gas is a key industry in Australia, contributing A$17 billion to the economy. However, with the large accessible reserves in shallower waters becoming exhausted, Australian oil and gas companies require new technologies to extend their capabilities. The research in this proposal addresses this concern, providing an extension of the operational depth range of mobile jack-up platforms from 120 to 200 m. This ....A novel foundation to extend the operation of mobile structures into deeper water. Oil and gas is a key industry in Australia, contributing A$17 billion to the economy. However, with the large accessible reserves in shallower waters becoming exhausted, Australian oil and gas companies require new technologies to extend their capabilities. The research in this proposal addresses this concern, providing an extension of the operational depth range of mobile jack-up platforms from 120 to 200 m. This creates the opportunity to develop the significant number of Australia's smaller gas fields that are currently uneconomical to exploit. The proposed project will contribute to the future competitiveness of Australia's oil and gas industry and ensuring energy supply for the sustained growth of the Australian economy.Read moreRead less
Economic Aspects of Wool in Western Australia. Over the past 15 years, the wool industry in WA has gone from bust to boom.. This project develops a general equilibrium model to analyse the impact of the world economic conditions on the wool industry and the WA economy in general. We will also investigate the reasons for the systematically lower wool prices in Fremantle and the interactions between Australian wool prices and exchange rates. The results will enhance understanding of the industry, ....Economic Aspects of Wool in Western Australia. Over the past 15 years, the wool industry in WA has gone from bust to boom.. This project develops a general equilibrium model to analyse the impact of the world economic conditions on the wool industry and the WA economy in general. We will also investigate the reasons for the systematically lower wool prices in Fremantle and the interactions between Australian wool prices and exchange rates. The results will enhance understanding of the industry, and offer insights as to how it might be made less volatile in the future by providing valuable information to woolgrowers and policy makers.Read moreRead less
Wearable thermoelectric textiles for portable microelectronics. Wearable thermoelectrics enable the power generation from the temperature difference between human body and ambient temperature by using thermoelectric effect. This project aims to design eco-friendly wearable thermoelectric textiles to realize high-efficiency solid-state power generation and meet individual needs with human comfort and health. The target is to achieve a power density in the as-designed thermoelectric textiles by th ....Wearable thermoelectric textiles for portable microelectronics. Wearable thermoelectrics enable the power generation from the temperature difference between human body and ambient temperature by using thermoelectric effect. This project aims to design eco-friendly wearable thermoelectric textiles to realize high-efficiency solid-state power generation and meet individual needs with human comfort and health. The target is to achieve a power density in the as-designed thermoelectric textiles by the optimization of materials and device design. The outcome will open up a new platform for the green and sustainable charge for portable microelectronics, which will lead to an innovative technology for energy management, which will place Australia at the forefront of wearable electronics and textile industry.Read moreRead less
Integrating Stress and Strain Data from the North West Shelf, Australia: Implications for Hydrocarbon Seal Integrity. Many exploration wells in the Australian North West Shelf encounter residual columns from which hydrocarbons have leaked due to fault reactivation. Recently there has been a significant increase in our knowledge of contemporary stress (from data such as borehole breakouts)
and strain (from fault reactivation styles) on the North West Shelf.
This project will integrate informati ....Integrating Stress and Strain Data from the North West Shelf, Australia: Implications for Hydrocarbon Seal Integrity. Many exploration wells in the Australian North West Shelf encounter residual columns from which hydrocarbons have leaked due to fault reactivation. Recently there has been a significant increase in our knowledge of contemporary stress (from data such as borehole breakouts)
and strain (from fault reactivation styles) on the North West Shelf.
This project will integrate information on stress and strain in order to investigate whether the current state-of-stress is consistent with
observed reactivation styles, and thus develop predictive models for
fault reactivation and hydrocarbon leakage based on the distribution of
stress and strain.Read moreRead less
Investigation of alternative footing shapes to mitigate instabilities during installation of offshore drilling platforms. Spudcan footings are used to support three legged mobile drilling rigs, exploring and extracting oil and gas in water depths of up to 150 metres. Despite efforts by the industry to minimise the risks during rig installation, punch-through incidents (i.e. unexpected rapid penetration of the footings) and bending of the leg whilst installing the spudcan next to a footprint (poc ....Investigation of alternative footing shapes to mitigate instabilities during installation of offshore drilling platforms. Spudcan footings are used to support three legged mobile drilling rigs, exploring and extracting oil and gas in water depths of up to 150 metres. Despite efforts by the industry to minimise the risks during rig installation, punch-through incidents (i.e. unexpected rapid penetration of the footings) and bending of the leg whilst installing the spudcan next to a footprint (pockmark from previous rig installation) continue to occur at an increasing rate, causing economic loss of $5 to50 million per incident. Combining advanced physical and numerical modelling, this project aims to develop optimised spudcan shapes, and corresponding design approaches and guidelines, to mitigate these risks, ensuring safe installation of rigs in hazardous regions.Read moreRead less
Estimation of spudcan penetration resistance in stratified soils directly from field penetrometer data and quantification of punch-through risk. Foundations for mobile drilling rigs exhibit significant failure rate in the offshore oil and gas industry, which contributes $22 billion annually to the Australian economy. The project will develop a robust design approach for these foundations, based on field penetrometer data and accounting for the highly stratified nature of offshore sediments.
The neo- and seismo-tectonics of northwestern Australia. Australia's two largest earthquakes occurred in NW Australia (magnitudes 7 and 7.9 in 1941 and 1906). Onshore and offshore geologic evidence indicates other such events in recent geological history. Our present seismic database records no such events. We propose to document the nature, frequency, intensity, distribution and possible causes of seismicity in NW Australia, through deployment of seismograph arrays. We will test the effects ....The neo- and seismo-tectonics of northwestern Australia. Australia's two largest earthquakes occurred in NW Australia (magnitudes 7 and 7.9 in 1941 and 1906). Onshore and offshore geologic evidence indicates other such events in recent geological history. Our present seismic database records no such events. We propose to document the nature, frequency, intensity, distribution and possible causes of seismicity in NW Australia, through deployment of seismograph arrays. We will test the effects of basement reactivation, determine the crustal structure beneath the cratonic mass, examine onshore and offshore faults, determine local and regional stress orientations and investigate implications for petroleum production in the region, and whether natural resource extraction causes local seismicity.Read moreRead less