Offshore Australia/NZ News


Woodside and JERA Ink Long-Term LNG Supply Agreement

Sep 18, 2024

Australia’s Woodside has signed a sale and purchase agreement (SPA) with Japan’s JERA for the long-term supply of liquefied natural gas (LNG) to Japan.Under the SPA, Woodside will supply approximately 0.4 million tonnes (six cargoes) of LNG per year over 10 years on a delivered basis…

McDermott Decommissions Offshore Platform in Australia

Sep 03, 2024

McDermott has completed the decommissioning of the Campbell platform and associated offshore infrastructure at the Varanus Island hub in Western Australia.Under a contract awarded to McDermott in January 2024 by Santos, the company provided engineering…

Woodside Profit, Dividend Beat Estimates

Aug 27, 2024

Australia's Woodside Energy reported on Tuesday a decline of 14% in half-year profit, hit by lower oil prices, but the result and its dividend beat market expectations, sending shares up 4%.Chief Executive Meg O'Neill said there had been a flood…

Chevron Awarded Greenhouse Gas Assessment Permit Offshore Australia

Aug 22, 2024

U.S.-based supermajor Chevron announced it has been awarded a greenhouse gas (GHG) assessment permit offshore Western Australia.The G-18-AP permit is offshore from Onslow, Western Australia and covers an area of approximately 8,467 km2 with water depths of 50-1100m…

Prosafe Lands Contract for Safe Boreas

Aug 21, 2024

Prosafe announced it has secured a contract for one of its semi-submersible accommodation vessels, Safe Boreas.In May, the Oslo-listed company said it was awarded a conditional letter of intent by an undisclosed client for the provision to provide…

Profit Decline, Reserves Downgrade Drag Beach Energy to 2.5-year Low

Aug 12, 2024

Australian oil and gas producer Beach Energy, backed by billionaire Kerry Stokes, slumped to a more than 2-1/2-year low on Monday after it reported a decline in profit and downgraded reserves for a key gas field in Victoria state.The company's shares closed 12…

Chevron’s Gorgon Gas Development Backfill Fields Proposal Up for Public Input

Aug 09, 2024

Chevron’s Gorgon gas development backfill fields offshore project proposal, which includes the tie-up of seven backfill fields to the existing subsea infrastructure offshore Australia, has been made available for public comment.Chevron proposes…

CCS Firms Secure CO2 Acreages Off Australia

Aug 07, 2024

deepC Store and Azuli International have been awarded Greenhouse Gas Assessment Permit (GHG Acreages) in the Bonaparte and Browse Basins off Australia, and have entered into a joint study agreement for a strategic partnership with Japanese company J-POWER…

ASCO Wraps Up Decom Support Work Off Australia

Aug 05, 2024

Scotland-based logistics and materials management company ASCO has completed a six-figure contract with Onslow Marine Support Base (OMSB) in Western Australia, supporting the offshore decommissioning sector.As part of the contract, ASCO mobilized…

Woodside to Buy Ammonia Project on US Gulf Coast for $2.35B

Aug 05, 2024

Australia’s Woodside Energy has signed an agreement with Dutch-based OCI Global to acquire its clean ammonia project for $2.35 billion, which is still under construction on the U.S. Gulf Coast in Texas.Woodside has entered into a binding agreement to acquire 100% of OCI Clean Ammonia Holding…

No Decision Yet on Woodside's Browse Gas Project

Aug 05, 2024

Western Australia's environment regulator said on Monday it expects to release its recommendations on Woodside Energy's Browse gas project in 2025, after a newspaper reported the huge project might be rejected by the regulator.The $20.5 billion…

Prysmian Gets $647M Job to Install Australia’s Green Interconnector

Aug 02, 2024

Italian cable maker and installation services provider Prysmian has signed a contract, worth around $647 million (€600 million), to supply and install new interconnector between Victoria and Tasmania that will facilitate the flow of renewable energy between the two Australia’s states…

SRJ Technologies Acquires Oil and Gas Remote Inspections Services Firm

Jul 24, 2024

Australian-headquartered SRJ Technologies has signed an agreement for the acquisition of UK-based Air Control Entech (ACE), in a move aimed at bolstering its fleet with advanced drones and robots designed to conduct remote inspections of offshore energy assets…

Australia's Woodside Buys US LNG Developer Tellurian for $1.2B

Jul 22, 2024

Australian oil and gas company Woodside Energy has entered into definitive agreement to buy U.S. liquefied natural gas (LNG) developer Tellurian, including its owned and operated US Gulf Coast Driftwood LNG development opportunity, for a total of $1…

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