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…
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 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…
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…
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…
Chevron Canada said Thursday it was voluntarily relinquishing 19 offshore oil and gas permits on Canada's west coast.The licenses are located within the Scott Islands marine National Wildlife Area and the Hecate Strait and Queen Charlotte Sound Glass Sponge Reefs Marine Protected Area (MPA)…
The federal government of Australia has opened a consultation on a new offshore wind zone in the Pacific Ocean off the Hunter, a region of New South Wales, Australia.The government said that the proposed offshore wind area, which sits alongside the Hunter…
Australia on Monday opened up its first zone for developing offshore wind farms in a region off its southern coast, looking to jumpstart a new industry to help achieve net zero carbon emissions by 2050.As expected, the government selected the…
Australia on Wednesday announced plans to build renewable energy zones, wind projects and underwater electricity interconnectors, as it looks to build its renewable power capabilities and bring more clean energy into its national grid. The announcements…
Australian offshore vessel owner MMA Offshore has secured a vessel contract with the oil and gas company Beach Energy.The MMA Coral will provide vessel support to Beach Energy’s two production platforms located in the Bass Strait, offshore Australia…
BlueFloat Energy and Energy Estate have said they will expand the proposed capacity of their Greater Gippsland Offshore Wind Project in Australia from 1.275 GW to 2.085 GW.The so-called Southern Winds bottom-fixed project is located in the Bass Strait…
