Westwood has advised buyers to be mindful of exploration farm-outs, after analysing the results of 419 high-impact exploration wells drilled outside the U.S. and Canada between 2017 and the end of October 2022.
German liner heavy-weight Hapag-Lloyd is not planning any significant orders this year in the newbuilding space, especially not in the ultra-large containership sector. Speaking earlier today in a virtual live session, Hapag-Lloyd CEO Rolf Habben Jansen said that if the company does move forward wit
While the transition to low-carbon energy is making strides, the oil majors in Europe and the U.S. have made progress at a different pace.
Following the recent announcement of the split between Maersk and MSC on their 2M Alliance in 2025, questions are being raised on how this might affect other container shipping alliances on the market. In January this year, container shipping giants MSC Mediterranean Shipping Company (MSC) and Maers
With more than $200 billion of greenfield investments expected by 2025, the offshore oil and gas sector is expected to get back in the spotlight, says Rystad Energy.
Poland’s natural gas transmission system operator GAZ-SYSTEM has launched a non-binding market screening procedure to identify the demand for additional regasification capacity of the floating storage and regasification unit (FSRU) in the Gulf of Gdańsk area. Pursuant to the assumptions set out in t
Eight international associations and trade organisations have sent a joint letter urging the Group of Seven (G7) nations to affirm the role of natural gas and liquefied natural gas (LNG) in meeting energy security and climate objectives. The letter was sent to Japanese Prime Minister and current G7
The 2MWp floating solar plant in Albania, developed by Europe’s largest renewable energy generator Statkraft, has started producing renewable energy and injecting it to the Albanian electricity grid following the installation of three new floaters.
The North Sea Chapter of the International Association of Drilling Contractors (IADC) has urged politicians to maintain focus to avoid ‘economic adversity’ for the UK.
A wave energy device, developed by the Spanish company Rotary Wave, has been installed in Valencia to provide clean electricity for the public lighting at the city’s seafront.
The consortium De Nederlandse Waterstof Delta (The Dutch Hydrogen Delta) has submitted a plan to Dutch MPs Bontenbal, Boucke, and Erkens to kickstart the electrolyser manufacturing industry and thus accelerate the hydrogen economy. According to the Port of Rotterdam, the plan, which ensures that the
Jan De Nul, Tractebel, and DEME have jointly developed a new offshore floating solar technology, said to be capable of operating in harsh marine conditions and in combination with offshore wind farms.
Westwood says offshore rig scrapping is at its lowest level in years, as the offshore drilling market’s recovery intensifies.
A new study has revealed that wave energy can play an instrumental role in the decarbonization of the steel manufacturing industry, which accounts for around 7% of global greenhouse emissions.
