The transition towards zero-carbon fuels in the shipping industry needs to be accelerated, putting a greater focus on the viable solutions already on the market and skipping transitional solutions. These were the messages of A.P. Moller Maersk’s Executive Vice President Henriette Hallberg Thygesen d
The National Renewable Energy Laboratory (NREL) has released a report which summarizes the best available data on the United States’ marine energy resources at both state and regional scales.
Despite the unprecedented volatility caused by the COVID-19 pandemic resulting in lockdowns around the world, global LNG trade rose to 360 million tonnes in 2020.
Ocean Energy Europe (OEE) has released a statistics report for ocean energy sector in 2020 which shows that in spite of the inevitable delays and restrictions caused by Covid-19, ocean energy devices still hit the water, significant investments deals were signed, and new manufacturing facilities lau
While the oil price collapse is still fresh in our minds, rumours are starting to emerge that by the end of next year prices could once again top $100 a barrel.
The chief executive of U.S. oil company Occidental Petroleum has stated that the company’s low-carbon business would generate earnings equal to its oil and gas production business in the coming decades.
Singapore’s offshore builder Sembcorp Marine expects losses to continue after reporting a higher net loss in FY2020 compared to FY2019.
With the goal of clean energy in mind, Australia’s natural gas networks are testing blending hydrogen with gas and producing green methane to replace fossil fuel.
Transocean sank to a net loss in the last quarter of 2020 compared to the prior quarter but managed to reduce its losses in the y-o-y comparison.
Activist firm Engine No. 1, which has nominated four independent director candidates to the ExxonMobil board of directors, has sent a letter to Exxon claiming that it was falling short of what was expected regarding reaching climate goals set by the company.
Dutch subsea and survey specialist Fugro has seen its loss almost doubled in 2020 with revenues down some 12 per cent due to the impact of Covid-19 and the downturn in oil and gas. The company recognised net loss of €74 million in 2020, against net loss of €39.6 million in 2019. Revenue declined in
Workforce demand in offshore wind will rise dramatically over the next decade, with the number of jobs in this sector reaching around 589,000 in 2025, while 2030 could see 868,000 full-time offshore wind jobs. Currently, it is estimated that around 297,000 people are working in the sector. This is a
As the world continues its race to a net zero future, identifying potential carbon and hydrogen storage sites as well as deep-sea mineral deposits will be vital to meet emissions abatement targets for 2050 and beyond. Existing and future marine seismic data can massively improve assessments of the s
The world’s oil and gas industry’s production will peak lower and earlier than expected before the 2020 market crisis, a Rystad Energy analysis shows.
