The International Energy Agency’s (IEA) has announced the world’s first comprehensive study on how to transition to a net-zero energy system by 2050.
Almost 90 per cent of global electricity generation in 2050 could come from renewable energy sources, with solar PV and wind together accounting for nearly 70 per cent, according to International Energy Agency’s new Net Zero 2050 roadmap. The roadmap, published on 18 May, calls for scaling up solar
The toll of the Covid-19 on upstream investments in the first two years of the downturn is estimated at $285bn, Rystad Energy reports.
Shelf Drilling is seeing encouraging signs of an improving jack-up market with an increase in the global number of contracted jack-ups.
The Gas Exporting Countries Forum (GECF) has published an expert commentary showcasing the key factors that will influence the LNG shipping market.
Just like its rival Transocean, Noble Corp. is optimistic about the outlook with a pipeline of tender opportunities on the horizon.
Rystad Energy has downgraded its peak oil demand forecast to 101.6 million bpd in 2026 as a result of electrification in transport.
After a challenging 2020, oil and gas demand recovery – supported by vaccinations and OPEC+ cuts – is proving good for drilling activity, Rystad said.
Vaccination hiccups could prevent the recovery of up to 1 million bpd of oil demand in 2021, Norwegian energy intelligence company Rystad Energy has said.
Based on today’s policy settings, global oil demand is set to rise every year through 2026 but stronger policies and behaviour changes could bring a peak in demand soon, an IEA report says.
As the transition to renewable energy gains pace worldwide, marine energy and its predictable and reliable nature, backed by versatile application potential, is bound to find its place in the future energy mix. However, the sector first needs to demonstrate its ability to go large-scale to attract b
Ocean Energy Systems (OES), a technology collaboration programme within the International Energy Agency (IEA), has provided an overview of ocean energy activities in 2020 in its newly released annual report.
OPEC and allies on Thursday decided to extend oil production cuts into April 2021, while offering small exemptions to Russia and Kazakhstan.
Offshore project commitments are set to reach a new record in the five-year period towards 2025, a Rystad Energy report says.
