Global average opex per megawatt in the offshore wind sector has fallen significantly over the last eight years and is expected to further decline until 2029, driven by an increasing utilisation of new technologies and innovative solutions in operations and maintenance (O&M). “With economies of scal
Aker Carbon Capture, Danish offshore wind giant Ørsted, and global technology colossus Microsoft teamed up in a project to capture emissions from biomass power plants and store them using the Northern Lights project.
The Covid-19 pandemic not only devastated oil demand in 2020 but also forced the global oil and gas industry to severely downsize its staffing levels.
Ocean Energy Systems (OES), a technology collaboration programme within the International Energy Agency (IEA), has provided an overview of ocean energy activities in 2020 in its newly released annual report.
The global offshore wind operations and maintenance (O&M) market is expected to grow 16 per cent annually and reach € 10 billion by 2029. Europe will remain the biggest O&M market by region, while China will become the biggest single market in terms of national markets. This is according to the late
Chevron has reaffirmed its lower budget plans, doubled the savings from the takeover of Noble Energy, and set new goals for reducing carbon emissions.
Gasum, the Nordic energy company, obtained a distribution license for liquefied natural gas (LNG) in France.
Italian oil and gas company Eni is looking to spin off a new combined retail and renewable energy business next year and sell a minority stake to further fund its energy transition plans.
Oslo-listed seismic player TGS has appointed Jan Schoolmeesters as head of New Energy Solutions (NES) business unit, established to pursue opportunities related to the energy transition. In February this year, TGS launched New Energy Solutions (NES). In a statement back then, the company said it aim
Dutch shipbuilder Damen Shipyards Group revealed plans to launch a specialised financial services division, starting from 1 April 2021.
OPEC and allies on Thursday decided to extend oil production cuts into April 2021, while offering small exemptions to Russia and Kazakhstan.
Offshore project commitments are set to reach a new record in the five-year period towards 2025, a Rystad Energy report says.
ExxonMobil has revealed that its capital spending for 2021 will be in the $16-$19 billion range as well as plans to focus on developing technologies to reduce emissions.
Subsea companies can find out how to leverage the opportunities in the floating offshore wind through a three-part webinar series organised by Subsea UK and the Offshore Renewable Energy (ORE) Catapult’s Floating Offshore Wind Centre of Excellence (FOW CoE), beginning 9 March. Subsea UK is encouragi
