Global oil and gas project sanctioning in 2020 has made a colossal drop in comparison to 2019 levels with Norway, and somewhat Russia, attempting to increase the total sanctioning value.
The offshore wind farms that won the Contracts for Difference (CfDs) in the latest UK CfD round will most likely be the first to operate with “negative subsidies”, even before the zero-subsidy projects awarded in auctions in the Netherlands and Germany. According to an analysis by an international t
The upcoming partial return of curtailed OPEC+ oil production from August is set to create a new four-month supply glut of around 170 million barrels, a Rystad Energy analysis reveals.
Driven by the impending IMO 2020 sulphur cap, the scrubber market was in the middle of a historic boom in 2019, with strong prospects expected in 2020. However, the coronavirus pandemic changed everything for many industries, including the exhaust gas cleaning segment. “The coronavirus turned our wo
What will happen next in the upstream M&A and what direction will it take? Is now the time to go on the first buying spree after the COVID-19 outbreak and get the high-value goods at a bargain price? Chevron might agree.
The US Centers for Disease Control and Prevention (CDC) has further extended a ‘No Sail Order” for cruise ships through 30 September 2020.
The Oil and Gas Climate Initiative (OGCI) has revealed a target to reduce the collective average carbon intensity of member companies’ aggregated upstream oil and gas operations to between 20 and 21 kilograms of CO2 emissions per barrel of oil equivalent by 2025, from a collective baseline of 23 kg
Norwegian firms Aker Solutions and Kværner have entered into a merger plan to create an optimized supplier company. The consolidation will take the form of a statutory merger whereby Aker Solutions will absorb Kværner, in accordance with the Norwegian Public Limited Liability Companies Act. Kjetel D
The Organization of the Petroleum Exporting Countries and its allies, also known as OPEC+, have agreed to curb oil supply from August as the global economy recovers from the COVID-19 pandemic.
After a successful start of the Interreg 2 Seas project, the ENCORE consortium is now planning the kick-off of its regional impact campaign at the Offshore Energy Exhibition & Conference (OEEC) in Amsterdam on 27th October 2020. At the OEEC, ENCORE will reach out to the offshore supply chain sector
The COVID-19 pandemic has stymied oil and gas activity, a phenomenon which has now affected the drilling market both in terms of wells drilled and in terms of related demand for drilling equipment.
OPEC, Russia, and other oil producers are set to meet on Wednesday to decide on the oil output policy from August onward.
A total commitment of at least $151 billion from G20 governments in support of fossil fuels has been made available in their energy recovery policies, data from the Energy Policy Tracker shows.
The Carbon Trust sees 70 GW of floating wind installed capacity by 2040, according to a new summary report on the findings from the second phase of the Floating Wind Joint Industry Project (JIP). The report outlines technology challenges that need to be addressed in order so the commercialisation of
