"Australia" News

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…

Australia Awards New Offshore Acreage

Jul 22, 2024

Australia has awarded new offshore acreage for petroleum exploration and carbon capture and storage (CCS) opportunities.The Minister for Resources and Northern Australia Madeleine King will finalize permits for Esso and Beach Energy in the Otway and Sorrell Basins…

Australia Backs Long-Term Gas Drilling Despite 2050 Climate Goals

May 10, 2024

Australia's Labor government on Thursday laid out a strategy to boost natural gas development even as it remains committed to net zero carbon emissions by 2050, highlighting demand from key Asian trade partners.Australia is one of the world's largest exporters of liquefied natural gas (LNG)…

CIP Bags Two Licenses for 4.4GW Offshore Wind Farms in Australia

May 02, 2024

Copenhagen Infrastructure Partners (CIP), on behalf of its Flagship Funds, has been awarded two licenses for the development of offshore wind projects in Australian state of Victoria, whose combined capacity is up to 4.4 GW.CIP has secured exclusivity…

Report: New Gas Supply Needed in All Australian Net Zero Pathways

Nov 26, 2023

Australia will still need substantial gas production 26 years from now to ensure reliable and affordable energy in 2050, even under a net zero scenario, according to The future role of natural gas in Australia and the region.EY was commissioned…

Shell Australia Names New Chair

Mar 30, 2023

Cecile Wake will succeed Tony Nunan as Chair of Shell Australia effective May 22, 2023, Shell Australia said Thursday. Nunan, who led the Australian business for the past three years, will take up the newly created role of Chief of Staff and Corporate Relations…

SSE and Equis Form Joint Venture for Offshore Wind Project in Australia

Apr 04, 2023

UK-based offshore wind developer SSE Renewables and Asia Pacific-focused renewable energy developer Equis have formed a joint venture to bid for a feasibility license to develop, construct, own, and operate an offshore wind farm project in Australia…

Australia Passes Tougher Emissions Reduction Law that Hits Gas Investments

Mar 30, 2023

New rules that cap total Australian greenhouse gas emissions and curb some new gas and coal investments in the country will come into effect on 1 July after parliament passed an upgraded emissions reduction plan on Thursday.The 'Safeguard Mechanism'…

New Consortium Pursues Floating Offshore Wind Development in Australia

Mar 22, 2023

Offshore installation firm Subsea 7, Australian company Spark Renewables, and international floating wind farm developer Simply Blue Group have created a consortium to pursue floating offshore wind development offshore New South Wales (NSW)…

Jadestone Energy's Montara Field Offshore Australia to Resume Production Soon

Mar 16, 2023

Asia-pacific focused oil and gas company Jadestone Energy expects to resume production from its Montara field offshore W. Australia in approximately one week.The company shut down production from the Montara Venture FPSO in 2022, first to allow…

Australia Steps Up Its Renewable Energy Game with Proposed Offshore Wind Zone

Feb 24, 2023

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…

Taiwan's CPC to Acquire Stake in Australia's Dorado Oil Field via Deal with Carnarvon Energy

Feb 22, 2023

The Australian offshore oil and gas company Carnarvon Energy said Wednesday that it would sell a 10% interest in each of its Bedout Basin offshore blocks, including in the Dorado offshore oil field, off Western Australia, to a subsidiary of Taiwan’s national oil and gas company…

Australia: Court Quashes Ex-PM's Decision to Block Offshore Gas Project

Feb 16, 2023

An Australian court on Tuesday overturned a controversial decision by the previous prime minister to block a gas exploration project off the country's east coast, opening the door for the project to be reconsidered.The Federal Court quashed…

Chevron Taps ABL for MWS at Jansz-Io Compression Project in Australia

Feb 03, 2023

Chevron Australia has hired ABL Group (ABL) to do marine warranty surveys (MWS) for the Jansz-Io Compression project off the coast of Western Australia.Part of the original development plan for the Chevron Australia-operated Gorgon Project,…

Australia Launches First Offshore Wind Farm Zone

Dec 19, 2022

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…

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