The IEA and the OECD outline in their new analysis that the backing for fossil fuels almost doubled in 2021, reaching $697.2 billion.
While the world is working toward having as much renewable energy as possible, green fuels and energy storage could be what saves the day, at least for energy-intensive industries. News on hydrogen and ammonia projects, and renewable energy developments with Power-to-X components this week certainly
Helix Robotics Solutions has won a contract with a local Thailand contractor to perform well abandonment and decommissioning services using the subsea construction vessel Grand Canyon II. The contract, which is 180-day firm-plus-options, includes the provision of DP3 vessel services, crane support a
According to research by Rystad Energy, global LNG investments will peak at $42 billion in 2024, which is a 50 per cent jump from current spending.
Velesto Energy has secured a deal for plug and abandonment (P&A) services with Petronas Carigali on two offshore platforms in Malaysia.
Shearwater GeoServices has secured multiple contracts with a repeat customer for 2D and 3D seismic surveys offshore India. The awarded contracts comprise three 2D projects representing 13 vessel months of backlog, and two 3D projects for a further eight vessel months. Shearwater GeoServices is set t
Despite the resilience shown by Russia’s upstream sector beset with sweeping sanctions, Rystad Energy believes “the worst is yet to come.”
Sapura Energy has moved to dispose of three drilling rigs as part of its focus on long-term sustainability and improving liquidity position.
In a recent study, the oil & gas maintenance managers have voiced concerns over growth in procedures and the lack of equipment reliability.
Norway-based BW LNG, part of the BW Group, has named its two new liquefied natural gas (LNG) carriers, BW ENN Snow Lotus and BW Cassia, in South Korea.
Rystad: Drilling success rate is set to rebound this year with the potential to result in one of the highest hydrocarbon volumes total on record.
Sustained high prices over the past year have eroded the economic case for liquefied natural gas (LNG) and hurt LNG sales in key Asian markets, a new report released by the Institute for Energy Economics and Financial Analysis (IEEFA) shows.
