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Outlook & Strategy

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SSE: Ireland needs 1 GW of offshore wind by 2025 to meet 5 GW by 2030 target
Outlook & Strategy

SSE: Ireland needs 1 GW of offshore wind by 2025 to meet 5 GW by 2030 target

Ireland needs to install 1 GW of offshore wind energy capacity by 2025 if it is to meet the new Irish government’s target of 5GW of installed offshore wind by 2030, SSE Renewables said. Paul Cooley, Director of Capital Projects at SSE Renewables, told the Energy Ireland ‘Offshore Energy Conference’

about 6 years ago
Energy transition and COVID-19; Source: Equinor
Outlook & Strategy

COVID-19: A pivot point for the energy transition

The COVID-19 pandemic has been an eventful time during which many steps were taken by governments, political organizations, the EU, and oil companies to plan a faster, more efficient, and more impactful energy transition. Here we look at a sequence of events working in favour of the transition to gr

11 minutes read
Wärtsilä spearheading ammonia marine fuel test
Outlook & Strategy

Wärtsilä spearheading ammonia marine fuel test

The Finnish technology group Wärtsilä, is set to start the world’s first long term, full-scale, testing of ammonia as a fuel in a marine four-stroke combustion engine.

about 6 years ago
Bernard Looney, BP CEO
Outlook & Strategy

BP sells petrochemicals business for $5Bn ‘to succeed through energy transition’

BP has agreed to sell its global petrochemicals business to INEOS for a total consideration of $5 billion. It is the next strategic step in focusing portfolio as part of reinventing BP.

about 6 years ago
Amprion shares European offshore wind network vision
Outlook & Strategy

Amprion shares European offshore wind network vision

German transmission system operator Amprion has presented a concept for connecting offshore wind farms across Europe. The Eurobar (European Offshore Busbar) concept aims to integrate offshore wind power into the European power grid so that it makes the best possible contribution to climate objective

about 6 years ago
seafarer
Outlook & Strategy

Day of the Seafarer 2020: It’s time for the EU to resolve crew change crisis

On the Day of the Seafarer 2020, European Community Shipowners’ Associations (ECSA) and the European Transport Workers’ Federation (ETF) are calling upon EU institutions and member states to start acting to resolve the current crew change crisis.

about 6 years ago
Illustration; Source: Lukoil
Outlook & Strategy

Lukoil vice-chairman promoted to chairman role

Russian oil and gas company Lukoil has elected a new chairman of the company’s board of directors following the death of its long-time chairman.

about 6 years ago
NPD's director-general Ingrid Sølvberg; Source: NPD
Outlook & Strategy

NPD presents new management team

The Norwegian Petroleum Directorate (NPD) has presented the six directors that will make up its senior management team.

about 6 years ago
seafarer
Outlook & Strategy

Day of the Seafarer 2020 – Unsung heroes on COVID-19 frontline

The 2020 Day of the Seafarer pays tribute to unsung heroes of the COVID-19 pandemic: the seafarers who continue to carry essential goods despite facing tremendous challenges, including being stranded on board.

about 6 years ago
Neptune's Gjøa platform
Outlook & Strategy

Neptune Energy to axe 400 jobs over Covid-19 and lower oil prices

Neptune Energy has decided to reshape the size of its global organisation due to the combined impact of the COVID-19 pandemic and the anticipation of lower commodity prices for a longer period of time.

about 6 years ago
Denmark greenlights 5 GW energy islands, second 1 GW offshore wind farm
Outlook & Strategy

Denmark greenlights 5 GW energy islands, second 1 GW offshore wind farm

Denmark has given a go-ahead for the development of the energy islands, and the second of the three 1 GW offshore wind farms proposed in the Energy Agreement 2018. The 1 GW offshore wind project will be developed at the Hesselø zone in the Baltic Sea and is expected to be commissioned by 2027. The [

about 6 years ago
reduction at Polarcus
Outlook & Strategy

Polarcus restructures with 20% headcount reduction

Polarcus is taking further actions to streamline its business and adjust operational capacity to align with current market conditions. This follows on the $15 million cost reduction plan implemented due to the COVID-19 pandemic and oil price volatility. The company has additionally streamlined and r

about 6 years ago
Illustration, offshore workers; Source: ExxonMobil
Outlook & Strategy

Rystad: Oilfield services demand to drop by 25 per cent due to Covid-19 downturn

The Covid-19-caused downturn is set to cause a 25 per cent yearly drop in global demand for oilfield services (OFS), a Rystad Energy analysis shows.

about 6 years ago
Infinity
Outlook & Strategy

Infinity eyes international expansion

Engineering consultancy Infinity has announced Stephen Hamilton as regional director and green-light for the expansion of the business. Infinity has now entered London energy market, which will operate as a hub for engineering support to the international arena. This should also strengthen the Aberd

about 6 years ago
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