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More efficient power sector in Middle East and Africa to unlock higher volumes of natural gas for export

Market Outlooks

Middle East, Africa to play ‘vital role in averting global shortages’ by unlocking more natural gas for export

More efficient power sector in the Middle East and Africa could unlock higher volumes of natural gas for export, says the IEA.

about 4 years ago

Faster ramp-up of investments in clean sources needed to tackle double whammy of energy and climate crises

Market Outlooks

Faster ramp-up of investments needed to tackle double whammy of energy and climate crises

While investments are expected to reach $2.4 trillion this year, this is not enough to come to grips with the energy and climate crises.

about 4 years ago

Market Outlooks

In focus: Energy players in strategic moves to net-zero

This week witnessed prominent industry players teaming up worldwide for energy transition projects and decarbonising their production and operations.

about 4 years ago

Non-OPEC+ to spearhead global oil supply in 2023 with output from OPEC+ going down as sanctions take their toll on Russian volumes

Market Outlooks

Output from OPEC+ to go down in 2023 as sanctions take their toll on Russian volumes

The IEA forecasts that non-OPEC+ will spearhead global oil supply in 2023, while the output from OPEC+ may fall.

about 4 years ago

Market Outlooks

As O&G share of MMO market goes down, renewables and low-carbon to take increasingly large slice of pie – Rystad

The oil and gas industry has dominated the MMO market but this is set to change, an analysis by Rystad Energy shows.

about 4 years ago

Idle fleet reactivation on the rise as high oil prices spearhead offshore investments, Westwood says

Market Outlooks

Idle OSV fleet reactivation on the rise as high oil prices spearhead investments, Westwood says

Westwood reveals an uptick in offshore E&P investment and rig count with the demand for OSVs resulting in more idle fleets being reactivated.

about 4 years ago

A photo of the G7 ministers at the meeting in Berlin in May 2022

Market Outlooks

In focus: G7 puts fossil fuel financing in crosshairs, commits to electricity sector decarbonization

The latest meeting of the G7 ministers for climate, energy, and environment has resulted in further commitments from the world’s most developed countries to curb the rise in global temperatures to 1.5°C and assist the countries affected the most by climate change. One of the commitments that stands

about 4 years ago

Energy transition ramp-up did not derail oil & gas exploration in 2021, Westwood says

Market Outlooks

Energy transition acceleration did not derail oil & gas exploration in 2021, Westwood says

Westwood Global Energy reveals that oil & gas exploration remained resilient in 2021 undeterred by the accelerating energy transition.

about 4 years ago

IRENA assembly at 23rd council meeting (Courtesy of IRENA)

Market Outlooks

IRENA: Francesco La Camera up for re-election as call for inclusive energy transition reverberates

High-level delegates from 100 countries have discussed International Renewable Energy Agency’s (IRENA’s) medium-term strategy and director-general’s re-election at 23rd council meeting.

about 4 years ago

Market Outlooks

Oil & gas firms’ profits set to smash records reaching $834 billion in 2022, Rystad says

Rystad Energy expects public E&P companies to break prior records as profits are set to reach a 70 per cent increase in 2022.

about 4 years ago

Market Outlooks

Global gas demand to go down in 2022 as Russia’s war in Ukraine disrupts markets

The invasion of Ukraine has led to tighter gas supplies, higher prices, and an uncertain outlook, resulting in a downward revision to the IEA’s forecast for gas demand this year.

about 4 years ago

Market Outlooks

Oil and gas to catapult global energy spending to record highs in 2022, Rystad says

Surging oil, gas and power prices together with the EU’s goals of becoming less dependent on Russian supplies and post-Covid-19 pandemic inflation will catapult global energy spending this year to $2.1 trillion, Rystad Energy research shows.

about 4 years ago

Market Outlooks

Answers to energy security and climate change concerns lie in energy transition, IRENA says

The International Renewable Energy Agency (IRENA) believes that energy transition holds the key to tackling global energy and climate crisis.

about 4 years ago

Neptune going beyond net-zero in bid to store more CO2 than it emits by 2030

Market Outlooks

In focus: To net-zero and beyond

In recent years we have seen a number of companies active in the offshore energy sector pledging to reach the net-zero emissions status by a certain point in the future. This week we reported on the first time an offshore company had pledged to go ‘beyond net-zero’. The international oil and gas exp

about 4 years ago