There is a reason why we speak of energy transition instead of energy revolution. It is a process in which we gradually phase out fossil fuels
Qatar Petroleum has warned that depriving the oil & gas sector of new investments amid energy transition could result in big spikes in prices.
Global petrostates can forget trillion-dollar from oil & gas tax revenues as the accelerating energy transition bites, Rystad Energy said.
At the global Innovating to Net Zero Summit, 23 governments responsible for over 90% of global public investment in clean energy have collectively launched bold new plans to catalyze action and spearhead a decade of innovation to drive global investment in clean energy research, development and demo
The discussion on carbon pricing in the maritime industry is heating up, as industry stakeholders urge for a market-based measure to finally incentivize the sector’s decarbonization journey. In a nutshell, carbon pricing would impose a cost on emitting greenhouse gases (GHGs), pushing the sector to
Several new energy transition developments in the offshore energy and maritime sectors have made headlines this week, contributing to the global 2050 net-zero targets and – at least to some extent – to the ambitious path that International Energy Agency (IEA) mapped in its latest report. Climate ple
The energy transition represents $14 trillion worth of uncertainty for upstream oil and gas, according to a new report by energy intelligence group Wood Mackenzie.
Market research provider and consultancy Westwood Global Energy Group has estimated that 30 floating, production, supply, and offloading (FPSO) vessels will become available by the end of 2022.
Shipping is one of the few transport modes that does not achieve zero emissions in the Net‐Zero Emissions by 2050 Scenario, released by the International Energy Agency (IEA). The agency ascribed this to a lack of available low‐carbon options on the market and the long lifetime of vessels (typically
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
Global transport activity will more than double by 2050, and traffic emissions will rise by 16% compared to 2015 – even if existing commitments to decarbonise transport are fully implemented, the International Transport Forum (ITF) predicts. According to ITF Transport Outlook 2021, any currently exp
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.
