In-depth articles
SBM Offshore on FPSO landscape: Oil & gas demand unlocking financing with CCS poised for ‘biggest impact’ in emission cuts
With a backlog of $33 billion and sustainability at the heart of its strategy to future-proof its floating production units, SBM Offshore is expecting to see a new batch of 40 floating production, storage, and offloading (FPSO) opportunities in the next three years, out of which around 16 are antici
Energy outlook: Uncertainty and ‘resilient’ oil & gas to run the energy show in 2025
The world at large still runs on coal, oil, and gas, with the lion’s share of the energy mix controlled by these fuels.
Greening offshore drilling: Rigs powered by alternative fuels in pursuit of low-emission era
As the offshore energy industry continues its gradual shift to low-carbon and renewable energy sources, offshore drilling players are intensifying their efforts to slash emissions on the path to a sustainable future. While drilling rigs largely run on diesel, which creates electricity to power the m
Harnessing cutting-edge technologies to shape next-generation FPSO future
While floating production storage and offloading (FPSO) units continue to dominate the deepwater offshore oil and gas projects’ scene, these systems are being adopted for offshore green energy production to unleash clean power from renewables.
Rig market, oil & gas mergers and JV blockbuster moves mark 2024
A consolidation wave is sweeping across the challenging and shifting global energy landscape, as companies in the hydrocarbon exploration and production (E&P) and offshore drilling domains, alongside others across the entire energy industry and supply chain, race to secure their spots among the top
2024 energy plays in review: Uptick in renewables and clean tech, but oil & gas still hold energy security keys
As another turbulent year for the energy markets, 2024 witnessed a further escalation in geopolitical tensions and conflicts, leading to a mixed bag of achievements, missed opportunities, and rough energy seas not only for the goal of tripling clean sources of supply but also for dominant fossil fue
OEEC: CCS will employ as many people as oil & gas at its peak
Carbon capture and storage (CCS) is seen as a bridge to help the world wean off carbon fuels. With that in mind, this developing technology is not going to be temporary and is definitely going to happen on a large scale. To reach that as quickly as possible, we need regulations, licensing, a supply
LIVE BLOG: Offshore Energy Exhibition & Conference 2024
Welcome to the Live Blog! That’s a wrap! As OEEC 2024 comes to a close, Navingo invites all attendees to join for the final celebration! After two dynamic days of exploring innovations in the offshore energy sector, it’s time to relax, reflect and network over drinks and bites. Join us at the Stage
Carbon offsetting and green gas: Chasing fairy tale of climate-neutral future or key tools in net zero’s arsenal?
As time goes by, the zest for a carbon-free world has sparked a seismic shift toward the sphere of environmental sustainability. However, many thorns remain on the path to such a low-emission world, including differing perceptions about the tools to achieve this goal. This is hammered home by the pu
Global efforts to get rid of potent greenhouse gas menace heat up – Giving methane the slip
As waves of climate change woes buffet the world mercilessly, the zest to tackle the greenhouse gas (GHG) emissions challenge is spurring global action, with attempts to combat methane being first on the agenda.
COP29 delivers hat trick with $1.3 trillion on the cards but lack of stronger mitigation and finance action seen as ‘betrayal’
COP29 has managed to reach a consensus on tripling climate finance while setting a new worldwide target to direct $1.3 trillion of climate finance to developing countries by 2030.
Carbon markets are a go but trillions at stake: Will ‘climate finance COP’ deliver the goods at the eleventh hour?
Given the trillion-dollar gap between the Global South’s demands and the Global North’s proposal for a new climate finance target, the 29th Conference of the Parties (COP29) has run into overtime in one last attempt at bridging the divide and finding common ground all parties can get behind. The cal
COP29’s trillion-dollar net zero battle: Needs, wants, and reality of global energy scene run by oil & gas
Many proponents of taking a stronger stance on global climate action are hoping for a pivotal shift in the final text of the 29th Conference of the Parties (COP29), which will turn the tide once and for all in favor of renewables by unlocking trillions required to pay the net zero bill while pulling
Canada’s proposed oil & gas emissions cap: Boost in production, jobs, and economy or across-the-board cuts?
Canada has come up with draft regulations to set a greenhouse gas (GHG) pollution cap for the oil and gas industry. The government claims the latest regulatory tool in the raft of measures that are part of its wider climate plan will limit pollution, drive innovation, and create jobs. However, those
Transocean, Noble, Valaris, Borr, and Odfjell Drilling fleets’ $23 billion backlog spotlights state of play in booming rig market
Transocean, Noble Corporation, Valaris, Borr Drilling, and Odfjell Drilling have secured a combined total backlog of $23.22 billion in the third quarter of 2024, which is higher than $23.03 billion in the second quarter of 2024 and $22.7 billion in the third quarter of 2023.