U.S. President Donald Trump’s recent oil ban on offshore drilling in Florida, Georgia, and South Carolina is a last-ditch effort to swing votes in his favour ahead of November elections and get some environmentalist voters to switch from his Democrat opponent Joe Biden.
Canadian oil and gas company Husky Energy would be reviewing its West White Rose offshore oil project in Canada’s Atlantic region.
The maritime industry’s mission to clamp down on emissions hasn’t been derailed by the COVID-19 pandemic as many feared could be the case. Obviously, the pandemic has had a major impact on the short-term activities as numerous meetings at the International Maritime Organization (IMO) had to be postp
Development of an indigenous green hydrogen industry could generate £ 320 billion for the UK economy and sustain up to 120,000 jobs by 2050, a new report finds. The Offshore Wind and Hydrogen: Solving the Integration Challenge Report was released by the Offshore Wind Industry Council (OWIC) and the
The Mayflower Autonomous Ship (MAS), one of the world’s full autonomous ships, will be officially launched on September 16th in Plymouth, UK. The project is led by marine research organization Promare, with IBM as technology partner. Finnish technology company Wärtsilä has joined also joined the glo
A gas discovery of the scale of Turkey’s Tuna-1 find in the Black Sea, if developed, would be transformational for the country, given its overwhelming reliance on imports and crippling energy import bill, according to Wood Mackenzie.
A survey made by the Norwegian statistics bureau SSB revealed that oil and gas investment in Norway will rise more this year and decline less in 2021 than predicted a few months ago.
The shipping industry is faced with a perfect storm. On the one hand, the pressure to decarbonize its operations and cut greenhouse gas (GHG) emissions by abandoning the use of fossil fuels is rising, promising to change shipping as we know it. On the other hand, a global pandemic is reshaping the g
Oilfield services provider Petrofac has made a commitment to reach net-zero in Scope 1 and 2 emissions by 2030. The company has also set diversity targets.
Following record losses in the second quarter of 2020 and the first dividend cut in a decade, BP revealed parts of its new strategy that would reshape the company from an international oil company to an integrated energy company.
Block 58 offshore Suriname has again come under the spotlight since state-owned oil company Staatsolie is considering farming into the block where Apache last week hit its third discovery.
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.
Wind-assisted ship propulsion has immense potential for achieving fuel savings and cutting emissions in line with the IMO’s decarbonization strategy for shipping. Numerous solutions are being commercialized with others undergoing final stages of testing to prove their efficiency. These types of solu
Ocean Energy Systems (OES) new report shows that islands and other off-grid markets may present opportunities for ocean energy developers to deploy their technologies while providing sustainable energy to local communities. The report ‘Ocean Energy in Islands and Remote Coastal Areas´outlines the ou
