Latest News Australasia
Australasia continues to be a region offering substantial growth potential for the wind energy industry. Australia dominates this region and its Renewable Energy Agency says:“Australia has some of the world’s best wind resources along its south-western, southern and south eastern margins. More isolated areas of the eastern margin also have excellent wind resources.
Wind energy is the fastest growing renewable energy source for electricity generation in Australia, and its current share of total Australian primary energy consumption is currently almost 4%.”
Although New Zealand boasts a slightly larger percentage (5 percent) its installed capacity is smaller at just under 700 MW. The government has a self-imposed target of generating 90 percent of all electricity demand via renewable sources by 2025, with 20 percent of that renewable mix being sourced specifically via wind (by 2030). The government’s studies show that the country required nearly 43 GW of power in 2012, which suggests the need for over 8 GW of wind power capacity being installed by 2013. This would be greater than a tenfold increase on current capacity offering significant scope for both investment and work within the country.
Across Oceania wind power remains an important element in the region’s energy mix and an integral component in achieving renewable energy targets. IRENA (in its 2016 report) recorded that in 2014, wind power generated 13 terawatt-hours, which equates to about 18 percent of the area’s total energy provision.
25 January 2018 Petrobras joins the international representation of OGCI OGCI brings together 10 major oil and gas companies, representing over 25% of global oil and gas production The Oil and Gas Climate Initiative (OGCI) and Petróleo Brasileiro S.A. (Petrobras) today announced that Petrobras will join the initiative. This
UTEC, a global survey company in subsea services group Acteon, has been awarded a contract by Technip Oceania Pty Ltd, part of TechnipFMC in Australia, to provide survey and positioning services on the Greater Enfield Project, offshore Western Australia. The work scope includes pre-lay surveys; onshore dimensional control; survey and
To say that the last few years have been difficult ones for the oil and gas industry is something of an understatement. Weak demand resulting from historically low prices has made life remarkably tough right across the supply chain. It is estimated that the collapse in oil prices, beginning in
Nov 13, 2017 Further to the announcement on November 13, 2017, Royal Dutch Shell plc (“Shell”) confirms that, following strong demand from institutional investors, Shell Energy Holdings Australia Limited (“SEHAL”) has upsized its previously announced agreement to sell shares in Woodside Petroleum Limited (“Woodside”). A total of 111.8 million shares
Oct. 8, 2017 Chevron Corporation (NYSE:CVX) today announced it has started producing liquefied natural gas (LNG) at the Wheatstone Project in Western Australia. The first cargo is on track to be shipped in the coming weeks. “First LNG production is a significant milestone and is a credit to our
Oil and Gas Industry Accounted for 25% of Victims in June’s NotPetya Ransomware Attack; Frequency of Incidents Growing by 350% Year on Year ADIPEC 2017’s Security in Energy Conference Will Focus on Strategies to Mitigate Cyber Crime Risks and Deploy Defence Mechanisms to Protect Critical Industry Systems and Infrastructure