The Australian Conservation Foundation said it has asked the Federal Court to stop Woodside Energy Group from working on the $5.7 billion [for the offshore component only] Scarborough gas project until an assessment is made about its potential impact on the Great Barrier Reef…
Following Russia's invasion of Ukraine, European countries have escalated efforts to wean themselves off Russian gas. FSRUs increasingly are in demand to fill the gap.Following Russia's invasion of Ukraine, European countries have escalated efforts to wean themselves off Russian gas…
There is an increasing expectation that oil and gas firms can demonstrate their value and efficiency through more data-centric processes, managing costs and reacting more quickly to changing market conditions. While the sector has typically been slow to adopt digital innovations…
High Tien Offshore, a Taiwanese company that specializes in offshore wind marine engineering services, announced its collaboration with Ship and Ocean Industries R&D Center (SOIC) and Jong Shyn Shipbuilding (JSS) to build offshore vessels.“In…
Almost four months after Russia’s invasion of Ukraine, Russian crude oil, Urals, has seen a switch in flow from its traditional market of Europe to Asia. Since the start of the war, based on the average of March to May 2022, Indian imports of…
Jack-up drilling rig specialist Shelf Drilling has agreed to buy the Deep Driller 7 jack-up drilling rig from the Indian offshore drilling company Aban Offshore. Shelf Drilling will pay $30 million for the 2008-built jack-up drilling unit. The rig is of Baker Marine Pacific Class 375 design…
Shell's and TotalEnergies' Graff and Venus deepwater discoveries off Namibia have put southern Africa under the exploration spotlight. With deepwater offering high productivity reserves, it's a spotlight that's likely to linger for a few years yet…
Oil major Shell has named Maersk Drilling's Maersk Viking drillship its 2021 Global Rig of the Year in the Floater Category, in recognition of the drillship’s performance during its time in Brunei Darussalam.'Maersk Viking commenced a two-well…
Thailand's economic teams on Thursday agreed to extend support measures to reduce some living costs for another three months, and sought cooperation from refineries to help the country's oil fund amid rising prices, a government spokesperson said…
War in Ukraine is transforming the outlook for the supply, demand and price of hydrocarbons and the pace and cost of the energy transition. While the precise timing and implementation of future bans on Russian commodity imports are difficult to predict…
With a third of Norway’s oil and gas on its books, state-owned Petoro has a unique perspective, from the macro right down to drainage strategies.Today, Petoro VP Licence and technology Kjell Morisbak Lund sees that the industry has many difficult challenges…
A new report from the International Energy Agency (IEA) estimates that if there was a concerted, global effort to eliminate unnecessary flaring and control leaks across the supply chain, nearly 210 billion cubic meters (bcm) of natural gas could be made available to gas markets…
U.K.-based Chartwell Marine is introducing its expanded range of offshore energy support vessel (OESV) designs ahead of Seawork 2022 this month.The new design range, spanning classes A to D outlined below, offers a foundation for the integration…
World oil demand will rise more than 2% to a record high of 101.6 million barrels per day (bpd) in 2023, the International Energy Agency said on Wednesday, although sky-high oil prices and weakening economic forecasts dimmed the future outlook…
World oil demand growth will slow in 2023, OPEC delegates and industry sources said, as surging crude and fuel prices help drive up inflation and act as a drag on the global economy.Fuel use has rebounded from the 2020 pandemic-induced slump…
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