The UK’s Environmental Audit Committee (EAC) will consider the role of tidal energy in the UK’s low-carbon energy mix. This is part of the latest phase of the Technological Innovations and Climate Change inquiry. The technology is at the early stages of development and has not rolled out despite 80
Seismic surveys have for decades been a key part of offshore exploration, producing comprehensive imagery of sub-bottom rock formations that allow the location and evaluation of oil and gas deposits. They also find their use in assessments of the seabed for offshore construction, installations of re
In the next five years, the offshore wind supply chain could create 4,500 new jobs in the North East England, with the turnover of the UK region’s supply chain companies to more than double in their offshore wind activities over the same period. This is according to the Supply Chain Mapping 2020 res
Energy intelligence firm Rystad Energy believes that if Trump should win it may make oil prices great again while Biden effect is more mixed.
Subsea UK has decided to postpone its underwater engineering event Subsea Expo due to the current coronavirus-imposed restrictions. The industry body announced today that the three-day conference and exhibition, along with the annual Subsea Awards dinner, will now take place on 25-27 May 2021. Neil
The Covid-19 pandemic and energy transition are expected to expedite peak oil demand to 2028 and cut demand levels to 102 million bpd, according to Rystad Energy.
Norwegian oil and gas major Equinor has revealed its ambition to become a net-zero company by 2050 as its new boss is taking over his position.
Thermoplastic composite pipe (TCP) specialist Strohm has received approximately €25 million convertible loan from its shareholders as it strengthens its position for low carbon energy transition activities and renewables. The investment should support the firm’s strategic objective of tripling its 2
An analysis by Rystad Energy has revealed that one quarter of the global floater rig fleet could be scrapped as the Covid-19 pandemic accelerates restructuring in the offshore drilling market.
Despite uncertainties associated with the COVID-19 pandemic, Danish ferry and logistics company DFDS has raised its outlook for 2020 thanks to growing freight volumes.
Oil production costs have reached a new low, making deepwater one of the cheapest sources of new supply, according to Rystad Energy.
The members of International Renewable Energy Agency’s (IRENA) collaborative framework on ocean energy and offshore renewables have identified 13 topics of focus to advance the sector forward.
Even though Hurricane Energy had promising exploration results in UK’s fractured basins, energy intelligence firm Rystad Energy believes that the country’s hydrocarbon production would never rise above 2 million boepd again.
BNP Paribas Asset Management has expanded its range of sustainable thematic investments with the launch of its first blue economy exchange-traded fund (ETF). The fund will build on the work BNP achieved with the circular economy ETF it launched in May 2019. This new ETF, called the BNP Paribas Easy
