The Australian Government has declared an area in the Pacific Ocean off the Hunter, New South Wales (NSW) as suitable for future offshore wind development.The announcement follows the declaration of Gippsland off the Victorian coast and will improve energy security, affordability, and sustainability and bring us another step closer to net zero by 2050, the Government said.The declared Hunter area covers 1…
So far, the Israel-Hamas conflict has had limited impact on the global economy. However, an escalation to a direct war between Israel and Iran, could result in oil prices rising to $150 a barrel and global output cut by $1 trillion, according…
Woodside Energy posted a fall in first-quarter revenue on Friday compared with the previous three-month period due to lower realised oil and liquefied natural gas prices and flagged declining production volumes at some of its major projects…
Orbital Marine Power, a Scottish renewable energy company focused on the deployment of its pioneering floating tidal turbine, has been confirmed as the technology partner for Orcas Power & Light Cooperative (OPALCO)’s proposed site off Blakely Island in Rosario Strait…
Northern Ireland-based Decom Engineering has secured three decommissioning contracts worth over $635,000, marking its entry to the Australian decommissioning sector and strengthening its position in the Asia Pacific region.The decommissioning…
2023 was the first year of real recovery for owners in the offshore supply market and yet we have barely skimmed the surface of what’s to come.The market is still on an upward trajectory with charter rates accelerating month-by-month, availability changing day-by-day…
Oil prices rose more than 2.5% on Friday as the United States and Britain carried out air and sea strikes on Houthi military targets in Yemen in response to attacks by the Iran-backed group on shipping in the Red Sea.The attack added to market…
Brazilian oil company Petrobras and Norwegian marine seismic services firm Shearwater have entered into a collaborative technology agreement aiming to reshape seismic exploration and field developments.This multi-year strategic partnership is…
Malaysia's Petronas said Wednesday it had undertaken a new offshore multi-client 2D seismic survey in the northern area of the Straits of Melaka (Straits of Malacca) to explore and map the hydrocarbon potential in the open blocks of PM320 and PM321 of the Langkasuka Basin…
Woodside Energy last week announced it would start seismic testing for its Scarborough gas project off Australia’s west coast, before reversing the decision in the face of a legal challenge from Traditional Owners.Seismic testing is highly controversial in marine environments…
The Australian government has announced that 10 acreage release areas are available for bidding to explore offshore greenhouse gas storage locations.The areas are offshore of Western Australia, Victoria and Tasmania across seven basins: Bonaparte…
The Australian government has opened consultation on a new offshore wind zone off the Illawarra, a region on nation’s east coast, south of Sydney.The proposed offshore wind area is 1461 square kilometres with the potential to generate up to 4…
A consortium comprising Mainstream Renewable Power, Reventus Power, AGL, and DIRECT Infrastructure has submitted a feasibility license application for a 2.5 GW offshore wind development off the coast of Victoria, Australia.The area in the Bass Strait off Gippsland…
A major oil and gas project could convert and recycle infrastructure for carbon capture utilisation and storage (CCUS), the APPEA 2023 Conference & Exhibition in Australia was told on Thursday.ExxonMobil CCS Facilities Engineering Lead Alan…
Dutch offshore survey services firm Fugro has won a contract to conduct an offshore geotechnical site investigation for Australia's offshore wind project Star of the South (SOTS), located off the coast of Gippsland southeast of Australia.Partly…