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Woodside in the clear for plug & abandonment ops offshore Australia

Australian energy giant Woodside has received a blessing for its environmental plan (EP) from the country’s offshore regulator for permanent plug and abandonment (P&A) of multiple subsea exploration wells off the coast of Australia. The post Woodside in the clear for plug & abandonment ops offshore Australia appeared first on Offshore Energy.

Gulf LNG export woes push gas prices up but diversification becomes Europe’s energy lifeline

Given the supply shock that hit the global liquefied natural gas (LNG) markets as a result of the Middle East conflict, Wood Mackenzie, an energy intelligence group, has pointed out that this disruption, which led to a gas price surge, failed to rattle Europe thanks to its investment in diversified fuels that acted as a shield, insulating it from the Gulf LNG export pause. The post Gulf LNG export woes push gas prices up but diversification becomes Europe’s energy lifeline appeared first on Offshore Energy.

Oil & gas firms step up exploration game to tackle supply shortfall by 2050

As global exploration and production (E&P) players are facing a 40% output drop, Wood Mackenzie, an energy intelligence group, has pointed out that oil and gas companies are increasing high-impact exploration investment to address the 300-billion-barrel supply gap and energy security priorities by 2050. The post Oil & gas firms step up exploration game to tackle supply shortfall by 2050 appeared first on Offshore Energy.

Probe into offshore rig incident uncovers serious breaches

Scotland-headquartered offshore drilling contractor Odfjell Drilling has been served with an order from Norway’s offshore safety regulator, which investigated an incident that resulted in an injury at a semi-submersible rig deployed on the Norwegian Continental Shelf (NCS). The post Probe into offshore rig incident uncovers serious breaches appeared first on Offshore Energy.