Oil and gas companies in Norway have increased their 2021 investment plans in recent months, but still plan to spend less than last year and to reduce spending in 2022, the national statistics office (SSB) survey said.
There has been much discussion over the possible outcome for the Gulf of Mexico, but one of the areas that will be affected the most is Alaska, Rystad said.
The Norwegian Petroleum Directorate (NPD) has revealed that the Norwegian continental shelf (NCS) holds another 8 billion standard cubic metres of oil equivalent (Sm3 o.e.).
The multi-sector industry coalition SEA-LNG states that LNG can cut greenhouse gas emissions now while also securing the future.
Containerships, an Intra-European carrier and a subsidiary of the CMA CGM Group, recently took delivery of its fifth new containership powered by liquefied natural gas (LNG), the Containerships Borealis.
SolarMarine Energy, an Irish start-up based in Co Mayo, has designed an innovative floating hybrid renewable energy system which could offer sustainable low carbon solution for Irish coastal communities.
The global energy transition will have a profound impact on the shipping industry, including product tanker and chemical tanker segments, Anthony Gurnee, Chief Executive Officer of Ardmore Shipping, believes. “While this will unfold over years, the impact has already been felt through anticipated re
State-owned oil companies could waste around $400 billion on investments in the next decade on new oil projects that will struggle to turn a profit as the world shifts away from fossil fuels, NRGI said in its latest research.
A.P. Moller – Maersk, the world’s largest container carrier, has ended 2020 on a strong note despite the impact of COVID-19. The company’s underlying earnings before interest, tax, depreciation and amortisation (EBITDA) grew 44 pct. to $8.2bn and revenue grew to $39.7bn in 2020 compared to $38.9bn i
Norwegian fertilizer company Yara International ASA revealed it is taking further steps to enable the hydrogen economy by establishing a new global unit – Yara Clean Ammonia.
According to the latest Australian Bureau of Statistics (ABS) figures, the total value of 2020 LNG exports was A$36.2 billion, down 25.5 percent from A$48.6 billion in 2019.
The Asia Pacific region continues to provide a wealth of opportunities for the UK’s subsea engineering sector, both in traditional oil & gas and in the growing renewables market, the industry body said. A new summary of activity compiled by Subsea UK shows, that despite the challenges, discoveries c
Maersk Tankers has become a signatory of the Sea Cargo Charter, a global framework that establishes a common baseline for global traders to report on CO2 emission reductions of their shipping activities. The Sea Cargo Charter is consistent with the targets of the UN’s International Maritime Organiza
The world’s installed offshore wind capacity rose by 15 per cent in 2020, despite the COVID-19 pandemic, and this year will see a 37 per cent growth in global installed offshore wind capacity, according to Rystad Energy. Major contributor to both last year’s and this year’s growth is China. The coun
