The UN Secretary-General is adamant that countries need to progressively phase out fossil fuels and massively boost investment in renewables.
Shell has unveiled plans to spend around $40 billion in its Integrated Gas and Upstream businesses, as it believes that oil and gas will remain important players on the energy stage.
The International Energy Agency (IEA) believes that growth in global oil demand is projected to slow down to a crawl by 2028.
Shell has decided to step up its decarbonisation efforts by boosting its low-carbon energy solutions business with investments of $10-15 bln.
Equinor outlines in its new report that the 1.5-degree goal set in the Paris Agreement is becoming increasingly difficult to achieve.
America’s oil & gas and renewables are in need of encouraging policies to flourish and meet the increasing demand at home and abroad.
Renewables are seen as the UK’s road to net-zero, but many feel this should be a gradual shift in investment rather than casting new oil & gas aside right away.
Kongsberg Maritime has unveiled new vessel designs, featuring next-generation anchor handler (AHT) and platform supply vessels (PSV).
Natural gas is still forecasted to play a crucial role and act as a trump card while the world embraces the race to net-zero.
Earthjustice sees CCS as a lifeline that the fossil fuels industry can grab to extend the oil and gas industry’s reign on the energy throne.
The offshore energy industry is facing an ever-increasing energy skills gap regarding workers spearheading the transition to green sources.
The clean energy investment is now extending its lead over fossil fuels, boosted by energy security strengths, highlights the IEA.
Converting oil and gas infrastructure for use in the offshore wind industry would slash installation costs for renewable energy operators.
The global energy players are burning the midnight oil in pursuit of low-carbon solutions to curb emissions and enrich the energy mix.
