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Significant drop in recoverable oil resources could deal major blow to global energy security, Rystad forecasts

Outlook & Strategy

Drop in recoverable oil resources could deal major blow to energy security, Rystad says

The drop in the total recoverable oil worldwide from last year’s figures represents another threat to global energy security, explains Rystad.

about 4 years ago

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

Outlook & Strategy

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

Outlook & Strategy

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

Outlook & Strategy

Japanese trio demonstrates clean ammonia supply chain linking UAE and Japan

Japanese companies INPEX Corporation, IHI Corporation and Mitsui O.S.K. Lines (MOL) have demonstrated a clean ammonia supply chain linking the United Arab Emirates (UAE) and Japan.

about 4 years ago

UN coordinator urges public help with funding to stave off ‘5th largest oil spill from a tanker in history’

Outlook & Strategy

UN coordinator urges public to help stave off ‘5th largest oil spill from a tanker in history’

UN Coordinator has urged the public to help with funding to head off a decaying oil tanker threat and prevent an oil spill in the Red Sea.

about 4 years ago

Outlook & Strategy

QatarEnergy signs up for initiative to remove methane footprint from oil & gas industry

QatarEnergy has joined an industry initiative, which aims to eliminate methane emissions from the oil and gas industry by 2030.

about 4 years ago

Outlook & Strategy

Getting to Zero Coalition develops action plan for maritime decarbonisation

The Getting to Zero Coalition, an initiative for accelerating international shipping decarbonisation, has held its annual working session with the objective of turning the ambition of full decarbonisation by 2050 into a concrete and actionable plan. During the gathering, the participating coalition

about 4 years ago

Outlook & Strategy

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

Outlook & Strategy

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

Outlook & Strategy

Two players join forces to research carbon capture and global supply chain

American Bureau of Shipping (ABS) has teamed up with TAMUQ to launch a study into carbon capture and the global supply chain.

about 4 years ago

Outlook & Strategy

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

Outlook & Strategy

New UAE joint venture to provide subsea and survey services

Abu Dhabi-based National Marine Dredging Company (NMDC) and AD Ports Group have joined forces to form SAFEEN Surveys and Subsea Services, a new joint venture dedicated to providing surveys, trenching and dredging support services. SAFEEN Surveys and Subsea Services will offer a range of trenching, d

about 4 years ago

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

Outlook & Strategy

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

Outlook & Strategy

Euronav takes full control of two FSOs working on Qatar’s giant oil field

Euronav has become the full owner of two FSO vessels, operating on Qatar’s Al-Shaheen field, as previously held in its JV with International Seaways.

about 4 years ago