The wheels of the global energy mix continue to turn, making changes to the fossil fuel-dominated scenery more visible with new pathways being forged to push decarbonization forward and accommodate emerging energy supply sectors. Regardless, the previous year still brought multiple updates on steps
International shipping can reach zero or very near zero tank-to-wake (TTW) CO2 emissions by 2050, and achieve 95%+ reductions in well-to-wake (WTW) greenhouse gas (GHG) emissions from 2018 levels, in scenarios aligned to a 1.5°C global temperature goal, according to a report from ERM, UMAS and UCL,
There is no denying that the oil and gas industry faces multiple challenges, however, Global Data has selected the pressure to decarbonize and diversify products as the largest, driven by climate concerns and increasing carbon taxes imposed by governments, which is perceived to threaten oil and gas
Developments in 2024 hammered home the enduring nature of oil, gas, and liquefied natural gas (LNG) projects and the progress made in developing new ones and extending the lifetimes of older ones.
Since 2024 saw many projects greenlighted, Offshore Energy has delved into some of the biggest steps taken last year to move forward with approved developments.
Offshore Energy has gone back in time to make a collection of some of the most important LNG developments and deals that hit the market in 2024.
While current indications firmly point out that oil and gas are here to stay for years to come, the same goes for decarbonization, which is expected to pick up more speed globally, including in the oil and gas arena, as Big Oil signs off on new greenhouse gas (GHG) emission reduction endeavors along
Akrake Petroleum Benin, an affiliate of Singapore’s Rex International Holding Limited, has signed contracts to use two vessels for a field development offshore Benin.
The Egyptian Natural Gas Holding Company (EGAS) has signed a preliminary MoU with ExxonMobil Egypt Upstream Limited to boost gas exploration.
An exploration well in Namibia’s Orange Basin operated by France’s energy giant TotalEnergies has yielded no hydrocarbons.
UAE-headquartered diving company PETRODIVE has relaunched its saturation diving operations in Central Africa following a period of technical upgrades and investment. According to PETRODIVE, the move is part of the company’s broader expansion efforts and includes the deployment of a certified saturat
Africa’s energy player, Rhino Resources, has confirmed an oil discovery in a petroleum exploration license (PEL) it operates in the country’s Orange Basin.
