After many negative comments targeted President Biden’s plan to halt oil and gas leasing, the nominee for the position of energy secretary Jennifer Granholm defended the administration’s push for a clean energy transition.
A division of Occidental Petroleum, Oxy Low Carbon Ventures (OLCV), has delivered the world’s first shipment of carbon-neutral oil to India.
Oslo-listed SeaBird has recognised net loss of $3 million for Q4 2020, against net loss of close to $12 million in the same period in 2019. Full-year result was also negative, but improved compared to 2019 ($13 million loss vs. $23.3 million loss). The seismic player, which is targeting seabed minin
Negative reactions to U.S. President Biden’s executive order to halt new oil and natural gas leasing on public lands and offshore waters are still coming in as the National Ocean Industries Association (NOIA) was next in line to give its view on the matter.
Swedish oil company Lundin Energy has announced it would be increasing its output in 2021 as well as accelerating its decarbonisation strategy.
U.S. President Joe Biden has signed an executive order to halt new oil and gas leasing but which the Department of the Interior (DOI) claims will “help restore balance on public lands and waters”.
Japan’s biggest oil and gas producer Inpex has revealed its strategy to become a net-zero company by 2050 through the expansion of renewable and hydrogen energy as well as the use of carbon capture technology.
Assurance and risk management company DNV GL has decided to combine its current Oil & Gas and Power & Renewables businesses into one new business area called Energy Systems.
The oil and gas industry expects to boost investment in the energy systems of the future this year as companies seek to transform for the long term, DNV GL said.
Oil major BP has drastically cut its fossil fuel exploration team in an attempt to keep up with the fast-moving revolution focused around renewables and climate change.
Norway’s Havyard has won a contract from a European company to develop a new zero-emission ship concept for cargo transport.
U.S. President Joe Biden has announced America would return to the international Paris Agreement to fight climate change.
Japanese shipping company Mitsui O.S.K. Lines (MOL) has determined to establish a wholly-owned corporate venture capital fund firm called MOL PLUS. The venture capital fund will be based in Tokyo and plans to make a broad range of investments, with its investment ceiling reaching JYP 4 billion ($ 38
Maersk expects to resolve safety and all other issues faced by ammonia and fuel types based on alcohols in two to three years, clearing the way to order the first ships to run on these fuels in the next three years, the company’s CEO Søren Skou said in a podcast hosted by Global Optimism. The [&hell
