Karoon’s revised resource assessment at oil discovery off Brazil seen as ‘good step forward’

Australia’s oil and gas company Karoon Energy has updated its contingent resource estimates for a field offshore Brazil. This is expected to facilitate the technical and commercial feasibility studies for a potential development, which are currently underway. Karoon added the Neon oil discovery option in May 2022 to the rig it hired in April 2021. Following the Patola completion activities, the Maersk Developer rig,... Continue Reading →

July 11, 2023 0

Oil and Gas Firms Set to Spend $58 Billion on Well Intervention in 2023 – Rystad

Oil and gas companies are set to spend $58 billion on well intervention – a way to extract additional resources from an existing well instead of drilling a new one – in 2023, the Norwegian energy intelligence group Rystad Energy said. Rystad Energy said its modeling showed this is just the start of a surge... Continue Reading →

July 10, 2023 0

France’s Engie and Portugal’s EDP plan to develop offshore windfarms in Australia

(Reuters) - Ocean Winds, a joint venture between Portugal's main utility EDP (EDP.LS) and French company Engie (ENGIE.PA), said on Tuesday it has lodged applications with the Australian government to develop offshore windfarms off the coast of Victoria. The JV, which participated in the Victoria tender through its bidding company High Sea Wind, has presented applications for three... Continue Reading →

July 4, 2023 0

Copenhagen Energy’s Offshore Wind Project Gets Support from W. Australia Gov’t

(OE) Danish renewable energy firm Copenhagen Energy has received support from the Western Australia Government as it progresses plans for its Leeuwin Offshore Wind Farm project.The project has been awarded Lead Agency status by the Department of Jobs, Tourism, Science and Innovation. The Lead Agency Framework is reserved for significant projects with the capacity to... Continue Reading →

June 15, 2023 0

Addressing the Challenges of Developing Floating Wind at Scale

Philip Lewis, Contributor (OE) Tens of gigawatts of floating wind projects are slated for development in this and the next decade, but many obstacles remain. There has been much focus on the emerging floating wind market of late. The U.K. is forging ahead with commercial scale floating wind developments through the Scotwind and INTOG awards of... Continue Reading →

May 2, 2023 0

Woodside’s Sangomar Offshore Oil Project in Senegal 82% Complete

(OE) On Friday, Australian oil and gas giant Woodside said that its Sangomar development project offshore Senegal was 82% complete and on target for first oil later this year. Once online, this will be Senegal's first offshore oil project in production. Woodside, the operator of Sangomar, said in its first quarter report that the development... Continue Reading →

April 21, 2023 0

Corio Generation Joins Global Offshore Wind Alliance

Corio Generation, part of Macquarie’s Green Investment Group, said Thursday it was joining the Global Offshore Wind Alliance, an international coalition founded by the Government of Denmark, the International Renewable Energy Agency (IRENA) and the Global Wind Energy Council (GWEC) to help countries transform their economies using offshore wind power. Corio has pledged to work... Continue Reading →

April 13, 2023 0

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

(OE) 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. The wind farm site is in Australia’s first Federal Government-declared offshore wind zone of Gippsland, near the... Continue Reading →

April 4, 2023 0

Goldwind: Global offshore wind power to expand thousands-fold in coming decades

(CGTN) Goldwind, the world's top wind turbine supplier in 2022, expects the global offshore wind power market to expand hundreds-fold, possibly even thousands-fold, in the next few decades. "The global offshore wind power development we see now is just the beginning," Wu Kai, vice president of Goldwind, told CGTN in Beijing. "With the comprehensive utilization... Continue Reading →

March 29, 2023 0

Macquarie’s Corio says Victoria can double its offshore wind green dream in Australia

The head of the Macquarie Group company that aims to be one of the biggest offshore wind players in the world says that Victoria could easily beats its ambitious offshore wind targets, and has flagged massive turbines of up to 20MW will be installed in coastal waters. Jonathon Cole is the CEO of Corio Generation,... Continue Reading →

March 28, 2023 0

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