Offshore News

 

Chevron’s Wheatstone LNG Plant Remains Offline Due to Cyclone Damage

Mar 31, 2026

Chevron said on Tuesday that downstream assets at its Wheatstone liquefied natural gas plant in Western Australia suffered extensive cyclone damage, leaving both production trains offline.Danny Woodall, Chevron's director of operations and maintenance for Australia…

UK's Wind Output Surge Softens Blow from Global Energy Disruption

Mar 31, 2026

Record output from wind farms has helped boost total clean power supplies in the United Kingdom to new highs so far in 2026, and allowed power firms to pare use of fossil fuels to multi-year lows.The growth in wind output has helped shield the UK power system from the worst effects of the U…

Gas Majors Oppose Australia LNG Windfall Tax as Prices Surge

Mar 31, 2026

Gas majors including Shell and Chevron warned Australia against introducing a windfall tax on gas exporters, saying it would deter investment and undermine energy security as LNG prices surge amid disruption caused by the Iran war.Australia…

UK Grants $85M to Develop Port Talbot Floating Wind Hub

Mar 30, 2026

The U.K. government has committed up to $85 million (£64 million) to support the development of a floating offshore wind port at Port Talbot in Wales, as part of efforts to expand clean energy capacity.The funding will support Associated British…

Oil Rises as Widening Conflict Endangers Red Sea, Hormuz Flows

Mar 30, 2026

Oil prices extended gains on Monday, with Brent headed for a record monthly rise, after Yemeni Houthis launched their first attacks on Israel over the weekend, widening the U.S.-Israel war with Iran in the Middle East.Brent crude futures LCOc1 jumped $3…

Russia’s Lavrov Says US Seeking Control of Nord Stream Gas Pipelines

Mar 27, 2026

Russian Foreign Minister Sergei Lavrov said the U.S. has been seeking control over the Nord Stream gas pipelines in the Baltic Sea, which were damaged by mysterious blast in September 2022.Explosions that destroyed the pipelines more than three…

Cyclone Disrupts Australia’s Biggest LNG Plants, Strains Global Market

Mar 27, 2026

A powerful tropical cyclone in Western Australia has disrupted production at the country’s two biggest liquefied natural gas plants run by Chevron and Woodside, exacerbating a global supply crunch caused by the conflict in the Middle East.Australia…

Asian Buyers Rush for Russian Oil Amid Supply Disruption

Mar 26, 2026

Asian countries including Vietnam, Thailand, the Philippines, Indonesia and Sri Lanka are lining up to buy Russian oil as the Iran war blocks supplies, raising the possibility that demand may exceed supply, several sources including Russia said…

Maraen Approves $40M Port of Nigg Upgrade After Rebrand

Mar 26, 2026

Maraen has approved plans for more than $40 million (£30 million) investment for the upgrades at the Port of Nigg, following the integration of three energy businesses under a new brand.Maraen combines the capabilities of Port of Nigg, Global Energy (Group) and Global Energy Services…

Cadeler Raises Over $200M to Fund Fleet Expansion Plans

Mar 26, 2026

Cadeler has raised approximately $203 million (€175 million) through a private placement to fund planned investments in new offshore wind installation vessels and potential asset acquisitions.The offshore wind contractor said the proceeds will…

Delfin LNG Nears FID as Pipeline Restart Awaits Approval

Mar 26, 2026

A final investment decision is expected in the Delfin LNG project offshore Louisiana in the next few weeks, or at most months, according to Eduard Ruijs, head of investment for Vitol, a company that is investing in the project.The 13.2 million…

Iran War Energy Shock Pushes Europe to Rethink Climate Policies

Mar 26, 2026

The European Union may be forced to scale back its flagship climate policies and geopolitical aims as the Iran war drives up energy prices - with lasting consequences for the bloc's energy strategy.The energy crunch sparked by the conflict, now in its fourth week…

Iran War Sends LNG Prices Soaring, Curbing Asia Demand

Mar 26, 2026

The Iran war is upending the global LNG outlook as soaring prices, damage to major supplier Qatar's export infrastructure and potential delays to new supply raise doubts about previously expected demand from price-sensitive Asian buyers.Before the war…

Baker Hughes to Supply Tech for Offshore LNG Project in Texas

Mar 25, 2026

Baker Hughes has secured a contract to supply gas compression and power generation technology for ST LNG’s proposed 8.4 million tonnes per annum liquefied natural gas export terminal offshore Matagorda in Texas.Under the agreement, Baker Hughes…

ClassNK Grants Approval for CO2 Carrier Design for CCS Project

Mar 25, 2026

ClassNK has granted Approval in Principle (AiP) for the design of a liquefied CO2 carrier intended to support a floating offshore carbon capture and storage (CCS) injection facility.The vessel is designed to serve a Socket SPAR unit, a floating…

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