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A service for energy industry professionals · Friday, May 9, 2025 · 811,027,601 Articles · 3+ Million Readers
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Australia Offshore Oil Newswire

  • Published on 00:50 GMT

    What happens when Australia’s methane bubble pops?

    A major new update from the International Energy Agency (IEA) reveals that Australia was the world’s sixth largest emitter of methane from coal mines, in 2024. The 1.7 million tonnes of coal mine methane emitted in 2024 has a climate impact greater than …

    Source: Renew Economy - Pending
  • Published on May 6, 2025

    Valaris to sell offshore rig for $108 million

    Created: May 06, 2025 03:46 PM (Updated: May 06, 2025 03:46 PM) Offshore drilling company, the Bermuda headquartered Valaris Ltd has agreed to sell its jack-up rig Valaris 247 to BW Energy for approximately $108 million in cash. The sale is expected to …

    Source: The Royal Gazette - Neutral
  • Published on 04:04 GMT

    Labor’s gas expansion: Climate vandalism that tramples on Aboriginal rights

    On Tuesday 6 May, Gomeroi people led a 150-strong crowd of trade unionists and climate activists on a march from the NSW Supreme Court to Parliament House. The protest took place ahead of a decision by the Native Title Tribunal on whether resource giant …

    Source: Solidarity - Left-wing
  • Published on May 7, 2025

    Transcript: The politics of ocean protection

    Presented by wildlife filmmaker, zoologist and broadcaster Hannah Stitfall, Oceans: Life Under Water is podcast from Greenpeace UK all about the oceans and the mind-blowing life within them. Listen on Apple Podcasts, Spotify, Amazon Music or wherever you …

    Source: Greenpeace International - Left-wing
  • Published on May 7, 2025

    'Children at the grown-ups' table': Liberal insiders reveal a catastrophic campaign

    The writing was on the wall for Peter Dutton long before Anthony Albanese fired the starter's gun on the election race that would see the Coalition decimated. On Sydney's northern beaches, defeated Liberal candidate James Brown — former soldier, …

    Source: ABC (Australian Broadcasting Corporation) - Neutral
  • Published on May 7, 2025

    Valaris at a Loss on Tax Expense

    Offshore drilling contractor Valaris Limited has reported a net loss of $39 million for the first quarter of 2025, hurt by a tax expense of $194 million - compared to a net income of $131 million for the prior quarter. “First quarter 2025 included an $8 …

    Source: Rigzone - Neutral
  • Published on May 6, 2025

    Oil Prices Bounce Back From OPEC+ Bombshell

    Oil prices rallied aggressively on Tuesday morning, recovering from the OPEC+-induced drop that was sparked by the cartel's decision to unwind production cuts at a faster rate than previously planned. Despite the recovery, uncertainty remains in …

    Source: Oil Price - Neutral
  • Published on May 6, 2025

    Valaris parts ways with 27-year-old jack-up rig for $108 million

    Bermuda-headquartered offshore drilling contractor Valaris is divesting a jack-up from its rig fleet to boost its financial flexibility. Valaris 247 jack-up rig; Source: Valaris The rig owner made up its mind to sell the Valaris 247 jack-up to BW Energy …

    Source: Offshore Energy - Neutral
  • Published on May 6, 2025

    Valaris bags $135m drillship deal in Africa

    New York-listed offshore driller Valaris has been awarded a five-well contract offshore West Africa for one of its drillships. The contract, awarded to the 2014-built Valaris DS-15 drillship by an undisclosed client, is expected to begin in the third …

    Source: Splash 247 - Neutral
  • Published on May 5, 2025

    Officials under fire for approving 'unfathomable' offshore project set to cost billions: 'It should never have been ...

    Australia's National Offshore Petroleum Safety and Environmental Management Authority has greenlit oil and gas company Santos' Barossa offshore gas field — a decision environmental experts have denounced as the world grapples with the effects of …

    Source: The Cool Down - Oregon - Center-left
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