OPEC, a permanent intergovernmental organisation of 13 oil-exporting developing nations that coordinates and unifies the petroleum policies of its members, is convinced that the recent assertions about the fossil fuels – coal, oil, and gas – demand peaking before 2030 are not supported by “consisten
At this year’s Gastech, an annual natural gas, LNG, hydrogen, low-carbon solutions and climate technologies event, held in Singapore, industry experts discussed how the global energy industry can help tackle crucial challenges, such as identifying the best means of unlocking investment in energy pro
G20 leaders have decided to accelerate efforts to triple total renewable energy capacity and underscore the global need for over $4 trillion of annual investments until 2030, endorsing recommendations from the International Renewable Energy Agency (IRENA) for global renewable energy adoption. In a d
A recent analysis by UK-based maritime consultancy UMAS has shed light on the alignment of the Revised IMO GHG Strategy with science-based targets, which will require a strong and rapid response from national and regional governments as well as corporations alike. Failure to do so could relegate the
Weening the world off fossil fuels and developing clean alternatives was bound to be hard even in perfect circumstances, but the latest global developments are bringing into question if any of the current efforts to decarbonize and reach net zero are even achievable in the given time-frames. Case in
In its new eBook, LNG: Fueling the Future, LNG infrastructure solutions company Black & Veatch examines the role LNG will play in the future of the global energy landscape. The company detailed how the industry must scale beyond its current production capacity to balance increasing levels of renewab
Three new research papers point a potential finger at the changes in solar activity as the primary cause of climate change.
The shipping industry will find it challenging to secure enough supply of carbon-neutral fuels, according to the latest edition of DNV’s Maritime Forecast to 2050, as it faces tough competition from other sectors. The report emphasizes the need to consider all alternative approaches to reducing emis
The pioneering design for a floating carbon storage and injection unit (FCSIU), developed by Malaysian offshore energy major Bumi Armada, has won approval in principle (AiP) from the ABS classification society. Bumi Armada’s FCSIU concept is a floating terminal capable of storing and injecting liqui
Wood Mackenzie’s report shows that the FLNG sector is thriving and ready for new capacity with Africa positioned at the heart of this growth.
Baker Hughes’ international rig count report shows a further increase in the number of offshore rigs in August 2023, as 4 additional units were recorded compared to the month before.
The International Union of Marine Insurance (IUMI) has published recommendations on the safe carriage of electric vehicles (EVs) amid growing concerns within the shipping community, including marine underwriters, about fires breaking out on car carriers and roros with the assertion that many of thes
