AbstractWe use seismic ambient noise recorded by dense ocean bottom nodes (OBNs) in the Gorgon gas field, Western Australia, to compute time‐lapse seafloor models of shear‐wave velocity. The extracted hourly cross‐correlation (CC) functions in the frequency band 0.1–1 Hz contain mainly Scholte waves with very high signal‐to‐noise ratio. We observe temporal velocity variations (dv/v) at the order of 0.1% with a peak velocity change of 0.8% averaged from all station pairs, from the conventional time‐lapse analysis with the assumption of a spatially homogeneous dv/v. With a high‐resolution reference (baseline) model from full waveform inversion of Scholte waves, we present an elastic wave equation based double‐difference inversion (EW‐DD) method, using arrival time differences between the reference and time‐lapsed Scholte waves, for mapping temporally varying dv/v in the heterogeneous subsurface. The time‐lapse velocity models reveal increasing/decreasing patterns of shear‐wave velocity in agreement with those from the conventional analysis. The velocity variation exhibits a ∼24‐hr cycling pattern, which appears to be inversely correlated with the diurnal variations in sea level height, possibly associated with dilatant effects for porous, low‐velocity shallow seafloor and rising pore pressure with higher sea level. This study demonstrates the feasibility of using dense passive seismic surveys and wave‐equation time‐lapse inversion for quantitative monitoring of subsurface property changes in the horizontal and depth domain.