President Joe Biden’s goal to deploy 30,000 megawatts of offshore wind along U.S. coastlines this decade to fight climate change may be unattainable due to soaring costs and supply chain delays, according to forecasters and industry insiders.The 2030 target, unveiled shortly after Biden took office, is central to Biden's broader plan to decarbonize the U.S. economy by 2050.
Australia has awarded new offshore acreage for petroleum exploration and carbon capture and storage (CCS) opportunities.The Minister for Resources and Northern Australia Madeleine King will finalize permits for Esso and Beach Energy in the Otway and Sorrell Basins, with any discovered gas to support the domestic east coast market.
Australia will still need substantial gas production 26 years from now to ensure reliable and affordable energy in 2050, even under a net zero scenario, according to The future role of natural gas in Australia and the region.EY was commissioned by Australian Energy Producers to provide an independent assessment of the future role of natural gas in Australia and the region to inform Australia’s
Santos has issued a statement after the decision of the Federal Court of Australia on November 15 ruling that pipelay activities can commence on an 86-kilometer section of pipeline for the Barossa Gas Export Pipeline (GEP) – but not south of kilometre point 86 (KP86).This southern section would pass to the west of the Tiwi Islands.
The United States opened international aid offices in the Pacific Islands this week, bolstering support for the strategic region and pitting it more forcefully against China, which has been providing infrastructure loans to the area for years.The vast ocean region, pivotal in World War Two, is in the spotlight again amid tensions over Taiwan.