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Market Outlooks

South America to stay ‘key region for high-impact exploration’, Westwood says in 2023 outlook

High-impact well numbers in 2023 are expected to be in line with 2020-2022, with 75-85 high-impact wells currently anticipated to complete this year, energy market research and consultancy firm Westwood reports, explaining that this is due to higher oil prices not having fed through into more explor

about 3 years ago

UAE’s oil & gas giant earmarks $15 billion for decarbonisation

Market Outlooks

UAE’s oil & gas giant earmarks $15 billion for low-carbon projects

To scale up its decarbonisation efforts by 2030, ADNOC has hammered out a multi-year action plan, allocating $15 bln for low-carbon projects.

about 3 years ago

Market Outlooks

LNG as marine fuel: A risky or future-proof investment?

LNG has been described as a transitional fuel for the shipping industry for years now, and a practical solution for shipowners who want to act now on their emissions and not wait on the side-lines. Nevertheless, as of recently, we are also seeing that LNG is becoming a fuel in transition as owners s

about 3 years ago

INTOG leasing illustration (Courtesy of Crown Estate Scotland)

Market Outlooks

In focus: Oil and gas electrification gains ground as offshore energies forge closer ties

Offshore energy industries, which up until recently had little in common, are becoming increasingly intertwined as governments and private sectors step up their game for a more integrated and sustainable energy mix of the future.

about 3 years ago

Market Outlooks

In focus: Gas still runs the show but bets on hydrogen threaten to steal it

Will the increase in investments enable hydrogen to dethrone gas as the key player in the energy decarbonisation game?

about 3 years ago

Market Outlooks

All eyes on Russia’s fleet as crude oil price cap, OPEC+ cut perpetuate tanker markets’ volatility

Uncertainty and volatility continue to cast a shadow over the oil and tanker market as December 5 deadline for the oil price cap for Russian oil expires. Today, all eyes are set on Russia to see what vessels will be loaded and where they would head as Moscow defines its steps in response to the [&he

about 3 years ago

Market Outlooks

Three brand new jack-up rigs to join UAE drilling giant’s fleet

UAE-based ADNOC Drilling has inked a deal to acquire three new jack-up drilling rigs, as part of its fleet expansion strategy.

about 3 years ago

Illustration/Co-location of offshore wind, wave and offshore solar energy (Courtesy of EU-SCORES)

Market Outlooks

In focus: Eye on sustainability at COP27 amidst geopolitical tensions

During the opening of the United Nations Climate Change Conference COP27, currently underway in Egypt, a call to ensure the full implementation of the Paris Agreement echoed once again, as severe geopolitical conflicts and tensions seem to demand actions that are not fully in line with the Paris rul

about 3 years ago

Market Outlooks

New action plan comes into the limelight to accelerate decarbonisation

With COP27 in full swing, governments have set out an action plan to scale up decarbonisation efforts, says IRENA.

about 3 years ago

Market Outlooks

As Middle East ramps up oil & gas investments, EthosEnergy unveils new regional hub

EthosEnergy is expanding its presence in the Middle East to respond to the growing rotating and oil and gas equipment market.

about 3 years ago

The signing of MoU between ACWA Power and PLN for floating solar projects in Indonesia (Courtesy of ACWA Power)

Market Outlooks

ACWA Power enters floating solar sector

ACWA Power has signed a deal with Indonesia’s state-owned electricity utility PT Perusahaan Listrik Negara (Persero) to develop two floating solar projects in the world’s largest archipelagic state.

about 3 years ago

Market Outlooks

With energy security in mind, ADNOC CEO calls for ‘maximum energy with minimium emissions’

Keeping the global energy crisis at the forefront, the CEO of ADNOC believes that the world needs all the energy solutions it can get.

about 3 years ago

Despina Panayiotou Theodosiou, President, WISTA International

Market Outlooks

WISTA survey points to ‘shocking’ revelations on discrimination, harassment, and bullying of women seafarers

The Women’s International Shipping and Trading Association (WISTA International) has released results of an in-depth survey in the maritime industry, describing the figures on gender-based discrimination against women, onboard harassment, and bullying as ‘shocking’. The online survey was conducted j

about 4 years ago

Market Outlooks

ICS proposes sustainability fund to IMO that would reward ships using alternative fuels

The International Chamber of Shipping (ICS) has submitted a refined proposal to shipping’s UN regulator seeking the establishment of a fund and reward system to accelerate the sector’s uptake of alternative fuels and its transition to a net zero future. The refined proposal combines elements from it

about 4 years ago