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Employment in clean energy sector on the rise, exceeding declines in fossil fuels jobs, says IEA

Outlook & Strategy

Employment in clean energy sector on the rise, exceeding declines in fossil fuel jobs, says IEA

The International Energy Agency has outlined that employment in the energy sector is rising above pre-Covid levels, driven by clean energy.

about 4 years ago

ARO’s 20-rig newbuild programme fires Valaris’ enthusiasm for growth prospects

Outlook & Strategy

Valaris excited by growth prospects as ARO explores financing options for 20 newbuilds

Valaris has expressed its excitement over growth prospects arising out of a 20-rig newbuild programme, which ARO Drilling is pursuing.

about 4 years ago

Outlook & Strategy

In focus: Emerging renewable energy projects to cushion effects of global energy crisis

With the global energy crisis unfolding and energy prices soaring, governments and companies are ramping up investments in renewables, energy efficiency and clean technologies.

about 4 years ago

Global Alliance for Industry Decarbonization launched by IRENA and industry partners (Courtesy of IRENA)

Outlook & Strategy

IRENA joins forces with industry leaders to unlock green industrialization opportunities

The International Renewable Energy Agency (IRENA), co-founding partner Siemens Energy and 13 companies across all industry sectors have launched the global Alliance for Industry Decarbonization.

about 4 years ago

Outlook & Strategy

Seadrill to sell seven jack-up rigs for $628 million

Seadrill has entered into a binding share purchase agreement with ADES to sell the legal entities that own and operate seven jack-ups in Saudi Arabia.

about 4 years ago

Support for fossil fuels passed whopping $697 bln in 2021, delaying energy transition progress, says OECD and IEA

Outlook & Strategy

Support for fossil fuels passed $697 bln in 2021, delaying energy transition progress, says OECD and IEA

The IEA and the OECD outline in their new analysis that the backing for fossil fuels almost doubled in 2021, reaching $697.2 billion.

about 4 years ago

Carbon capture, utilisation and storage capacity to increase ‘seven-fold’ by 2050 to reach net-zero, says WoodMac

Outlook & Strategy

WoodMac: For net-zero by 2050, carbon capture, utilisation and storage needs ‘seven-fold’ boost

As global CCUS capacity is nearing 1 billion tonnes per annum, Wood Mackenzie believes that more is needed to meet net-zero goals by 2050.

about 4 years ago

Outlook & Strategy

Scrubber market to reach $16.4 billion by 2030

The global marine scrubber market is estimated to achieve a market size of $16.38 billion by 2030, according to a new report issued by Acumen Research and Consulting.

about 4 years ago

Outlook & Strategy

Latest rig addition brings ADNOC Drilling’s offshore jack-up fleet to 28 units

ADNOC Drilling has inked a deal to acquire an additional premium offshore jack-up drilling rig as part of its fleet expansion programme.

about 4 years ago

Rystad sees hard times ahead for Russia’s upstream sector even though it rebounded strongly

Outlook & Strategy

Despite strong rebound, Rystad sees hard times ahead for Russia’s upstream sector

Despite the resilience shown by Russia’s upstream sector beset with sweeping sanctions, Rystad Energy believes “the worst is yet to come.”

about 4 years ago

The ‘EWP-EDF One’ project (Courtesy of Eco Wave Power)

Outlook & Strategy

Israel sets feed-in-tariff for Eco Wave Power’s wave energy project

The Israeli Electricity Authority (IEA) has set an official feed-in-tariff (FIT) for Eco Wave Power’s newly installed wave energy pilot project at the Port of Jaffa in Tel Aviv, Israel.

about 4 years ago

Outlook & Strategy

Oil & gas maintenance managers facing equipment and procedure challenges

In a recent study, the oil & gas maintenance managers have voiced concerns over growth in procedures and the lack of equipment reliability.

about 4 years ago

Rystad says this year’s high-impact oil & gas drilling activity on track to yield ‘one of the most productive annual volumes’ ever recorded

Outlook & Strategy

Rystad: 2022 high-impact oil & gas drilling activity on track to yield ‘one of the most productive annual volumes’

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.

about 4 years ago

Outlook & Strategy

Jordan’s ACT joins 2040 net zero club

Aqaba Container Terminal (ACT), Jordan’s only container port and the sustainable gateway to the Levant region and beyond, has announced the launch of its decarbonisation strategy which is set to reduce its carbon footprint to net zero by 2040.

about 4 years ago